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The India spices market grew at a CAGR of 15% during 2015-2020.
A significant growth in the food processing industry, coupled with the increasing demand for innovative flavors, authentic cuisines, and ethnic tastes in foods and snacks, is currently driving the India spices market.
The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of spices in India.
Based on the product type, the India spices market can be segmented into pure spices and blended spices. Currently, pure spices, including chilli, turmeric, coriander, cumin, pepper, tamarind, asafoetida, bay leaf, clove, cardamom, cinnamon, tulsi leaf, and others holds the majority of the total market share.
Based on the application, the India spices market has been segregated into Indian curries, meat and poultry products, snacks and convenience foods, soups, sauces and dressings, bakery and confectionary, frozen foods, beverages, and others. Among these, Indian curries currently represents the largest segment.
Based on the form, the India spices market can be categorized into packets, sprinkler, and crusher. Currently, packets exhibit a clear dominance in the market.
On a regional level, the market has been classified into South India, North India, West & Central India and East India, where South India currently dominates the Indian market.
Some of the major players in the India spices market include Aachi Spices & Foods Pvt Ltd, Badshah Masala, Eastern Condiments Private Limited, Everest Food Products Pvt Ltd, Mahashian Di Hatti Private Limited, MTR Foods Pvt Ltd., and Patanjali Ayurved Limited.
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