Spices Market In India Report 2023-2028 | Size, Share by Brands, Latest Trends Analysis and Regional Insights

IMARC Group, a leading market research company, has recently released a report titled "𝐈𝐧𝐝𝐢𝐚 𝐒𝐩𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the India spices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the India Spices Market?

The India spices market size reached INR 160,676 Crores in 2022. Looking forward, IMARC Group expects the market to reach INR 298,909 Crores by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/india-spices-market/requestsample

What are Spices?

Spices represent food additives that enhance the taste, aroma, color, and texture of food products while imparting medicinal properties. They are produced through the processing of diverse seeds, dried fruits, vegetables, roots, and barks. Packed with antioxidants, minerals, and vitamins, spices help to prevent several diseases, such as cancer, Alzheimer's disease, and joint inflammation. They aid in lowering cholesterol levels, improving blood pressure, and managing weight. Spices even support a healthy digestive system and promote enhanced brain function and memory. Consequently, they are extensively used by consumers across India.

What are the Growth Prospects and Trends in the India Spices Industry?

The India spices market is primarily driven by the inflating demand for blended spices, owing to the busy lifestyles and hectic work schedules of individuals and the shifting preferences towards natural spices over artificial alternatives. Furthermore, the escalating use of packaged spices, which offer reduced contamination risks, and the launch of supportive policies by the Government of India aimed at promoting and exporting spices across the globe are also positively influencing the market growth. Additionally, the growing adoption of the products in foreign countries, on account of their aromatic and flavorful nature, and the increasing need for convenient, cost-effective, and high-quality spices are acting as significant growth-inducing factors. Moreover, the expanding availability of spices through various distribution channels, including hypermarkets, supermarkets, specialty stores, convenience stores, and online platforms, is further augmenting the market across the country. Besides this, the introduction of plant growth-promoting rhizobacteria (PGPR) technology by key market players, which enhances seed germination and extends shelf life, will bolster the India spices market in the coming years.

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

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the India Spices Market?

The competitive landscape of the India spices market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players 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.
• Patanjali Ayurved Limited.

What is Included in Market Segmentation?

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

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

Based on Application:
• Veg Curries
• Meat and Poultry Products
• Snacks and Convenience Foods
• Soups, Sauces and Dressings
• Bakery and Confectionary
• Frozen Foods
• Beverages
• Others

Analysed by Form:
• Packets
• Sprinkler
• Crusher

Regional Insights:
• South India
• North India
• West & Central India
• East India

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 (𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧): https://www.imarcgroup.com/request?type=report&id=3313&flag=C

Key Highlights of The Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• 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.

Contact US:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.