India Spices Market Size to Reach INR 270,928.4 Crores by 2027, Exhibiting a Growth Rate of 11.15%

According to IMARC Group's latest report, titled "𝐈𝐧𝐝𝐢𝐚 𝐒𝐩𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the India spices market size reached INR 142,569.3 Crores in 2021. Looking forward, IMARC Group expects the market to reach INR 270,928.4 Crores by 2027, exhibiting a growth rate (CAGR) of 11.15% during 2022-2027.

Spices are food additives or seasonings that are prepared by cleaning, drying, pulverizing, sieving, blending, grinding, and processing various dried vegetables, fruits, aromatic seeds, and bark or roots of plants. Some commonly used spices include cinnamon, black pepper, cumin seeds, nutmeg, cloves, fenugreek, coriander, tamarind, mustard, chili powder, turmeric, ginger, and garlic. They exhibit anti-inflammatory, antitumorigenic, anticarcinogenic, and glucose- or cholesterol-lowering properties. As a result, spices from different origins are used in ground, crushed, and whole forms to enhance flavor and color, preserve meals, and provide a unique texture, aroma, and taste to the dish.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/india-spices-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐈𝐧𝐝𝐢𝐚 𝐒𝐩𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The widespread adoption of spices in the food and beverage (F&B) sector to prepare ready-to-eat (RTE) meals, impelled by the rising need for on-the-go consumer goods, is primarily driving the market growth in India. Moreover, rapid growth in the hotel, restaurant, and catering (HoReCa) sector and the increasing demand for unique flavors, authentic cuisines, and ethnic tastes is favoring the market growth.

Additionally, rising awareness regarding the multiple product health benefits, including enhanced digestion and immunity and reduced inflammation, is impelling the market growth. Furthermore, the rising consumer consciousness regarding the negative effects of synthetic additives in spices has prompted the Government of India (GoI) to inhibit the adulteration of spices to produce safer product variants, which, in turn, is propelling the market growth. Besides this, continuous celebrity endorsements, changing dietary habits, the rising western influence on the country's culinary practices, and the escalating product availability across diverse distribution channels are supporting the market growth.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=3313&method=1

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:

The competitive landscape of the industry has also been examined with some of the 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.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on product type, application and form.

Breakup by Product Type:
• Pure Spices
• Blended Spices

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

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=3313&flag=C

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

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This release was published on openPR.