Press release
India Spices Market Share, Size, Trends, Growth, Outlook, Analysis, Research Report and Forecast Period of 2024-2032
India Spices Market
According to the report by Expert Market Research (EMR), the India spices market size is projected to grow at a CAGR of 9.20% between 2024 and 2032. Aided by the escalating demand for flavour-rich food products and the expanding uses of spices in various sectors, the market is expected to grow significantly by 2032.
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Indian spices encompass a wide variety of ground, whole, and blended spices sourced from numerous plants and their parts. These spices are crucial in enhancing the flavour, colour, and aroma of food, contributing to the rich and diverse India spices market. Beyond their culinary uses, Indian spices are recognised for their potent medicinal and therapeutic properties, rendering them significant in traditional medicine, cosmetics, and pharmaceuticals.
The escalating consumer preference for flavourful and aromatic food products is fuelling the India spices market growth. With the increasing awareness of the health benefits associated with spices, such as improved digestion, enhanced immunity, and metabolic boost, a significant shift towards spice-enriched diets is evident. Moreover, the rising trend of natural and organic foods has further bolstered the popularity of Indian spices, given their natural origins and minimal processing.
The widening applications of Indian spices across various industries also significantly contribute to India spices market expansion. In the pharmaceutical industry, spices like turmeric and ginger are used for their anti-inflammatory and antioxidant properties. The cosmetics industry leverages spices such as saffron and turmeric for their skin-enhancing benefits. Furthermore, the therapeutic qualities of spices like clove and cinnamon make them essential in the production of natural remedies and wellness products.
Additionally, the growing demand for ready-to-use and convenience food products has led to an increased focus on processed Indian spices. With the rise of fast-paced lifestyles and the increasing popularity of easy-to-cook meals, processed spices have become a staple in modern Indian kitchens, thereby propelling the Indian spices market demand.
Further, India's dominant position as a spice exporter contributes significantly to the market growth. With the surge in global demand for Indian spices, attributed to their unique flavours and health benefits, the export sector is expected to witness robust growth over the forecast period. The implementation of favourable governmental policies for spice export further bolsters the Indian spices market growth.
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India Spices Market Segmentation
The market can be divided based on product type, form, sector, application, end-use, and region.
Market Breakup by Product Type
Pure Spices
Chili
Garlic
Turmeric
Ginger
Coriander
Fennel
Pepper
Cardamom
Clove
Tamarind
Others
Blended Spices
Garam Masala
Non-Veg Masala
Sabzi Masala
Chole and Channa Masala
Chat Masala
Sambhar and Rasham Masala
Paneer and Curry Masala
Pav Bhaji Masala
Jaljeera Masala
Others
Market Breakup by Form
Packets
Sprinkler
Crusher
Market Breakup by Sector
Organised
Unorganised
Market Breakup by Application
Veg Curries
Meat and Poultry Products
Snacks and Convenience Foods
Soups, Sauces and Dressings
Bakery and Confectionery
Frozen Foods
Others
Market Breakup by End-Use
Retail
Food Service
Market Breakup by Region
North India
East and Central India
West India
South India
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India spices companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Everest Food Products Pvt Ltd
Mahashian Di Hatti Private Limited
Badshah Masala Private Limited
DS Group (Catch)
Eastern Condiments Pvt. Ltd.
Aachi Spices & Foods Pvt Ltd
MTR Foods Pvt. Ltd.
Patanjali Ayurved Limited
Sakthi Masala Private Limited
ITC Limited (Sunrise Pure)
Ushodaya Enterprises Pvt. Ltd. (Priya)
Tata Consumer Products Limited
Zoff Foods Private Limited
Rajesh Masala Udyog Private Limited
Others
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