India Spices Market Size, Share, Analysis and Forecast 2021-2026

According to IMARC Group’s latest report, titled “India Spices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the spices market in India grew at a CAGR of 15% during 2015-2020. Spices are various seeds, barks, roots, twigs, and dried plant parts that are utilized for seasoning and flavoring food recipes. They are further deployed for preserving pickles and other food products for later consumption. Some of the commonly used spices include nutmeg, cloves, chili powder, ginger, garlic, tamarind, black pepper, and turmeric. These spices are accessible in different forms, such as whole, ground, and crushed.

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The expanding hotel, restaurant, and catering (HORECA) sector and the increasing demand for authentic, ethnic, and innovative flavors in the food and beverages (F&B) are primarily fueling the spices market growth in India. Furthermore, the widespread utilization of dried ginger, oregano, chili flakes and parsley by fast-food chains, including Starbucks, Domino’s, and McDonald’s, is propelling the market growth. Additionally, the Government of India (GOI) has been undertaking initiatives to curb the adulteration of spices and the increasing consciousness amongst consumers toward the negative health impacts of synthetic spices are catalyzing the market growth in the country. Looking forward, IMARC Group expects the India spices market to continue its strong growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

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.
Patanjali Ayurved Limited.

Market Segmentation:

Breakup by Product Type:

Pure Spices
Chilli
Turmeric
Coriander
Cumin
Pepper
Tamarind
Asafoetida
Bay Leaf
Clove
Cardamom
Cinnamon
Tulsi Leaf
Others
Blended Spices
Garam Masala
Non-Veg Masala
Kitchen King and Sabzi Masala
Chole and Channa Masala
Chat Masala
Sambhar and Rasham Masala
Paneer and Curry Masala
Pav Bhaji Masala
Jaljeera Masala
Others

Breakup by Application:

Veg Curries
Meat and Poultry Products
Snacks and Convenience Foods
Soups, Sauces and Dressings
Bakery and Confectionary
Frozen Foods
Beverages
Others

Breakup by Form:

Packets
Sprinkler
Crusher

Breakup by Region:

South India
North India
West & Central India
East India

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Key highlights of the report:                                                    

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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