Indian Spices Market Report 2024-2030: Growth Trends, Demand Insights, and Competitive Landscape

Market Insights and Analysis: Indian Spices Market Overview and Projections (2024-2030)

The Indian Spices Market is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30.

Top leading companies in the Indian Spices Market includes:
ITC Limited, Tata Consumer Products Limited, Everest Spices, Orkla ASA (MTR Foods), House of Spices (India) Inc., McCormick & Company, Inc., Mane Kancor Spices Pvt Ltd, Nedspice Group, Olam International Limited, MDH Spices, Catch Foods, Adani Spices, Patanjali Ayurved Limited, Zoff Foods Pvt. Ltd., Ajy Overseas, and Others

Industry Recent Developments:
• 2023: Mane Kancor: Expanded its production capabilities in India with a new, larger plant. The new site will be situated in Byadgi, which is Suitably known for its cultivation of chili varieties and will be established under the Indian Government's Make-In-India initiative.
• 2023: McCormick & Company, Inc.: Expanded partnership with Tabitha Brown to add five new salt-free, vegan seasoning products, including spices.

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Report Segmentation:
The market is categorized into the following segments in the report:

By Product Type
-Pure Spices
--Turmeric
--Cumin
--Cardamom
--Coriander
--Ginger
--Garlic
--Pepper
--Red Chilli
--Mustard Seeds
--Fenugreek
--Tamarind
--Others (Fennel, Clove, etc.)
-Blended Spices
--Garam Masala
--Non-Veg Masala
--Kitchen King and Sabzi Masala
--Chole and Channa Masala
--Sambhar and Rasham Masala
--Paneer and Curry Masala
--Others (Pav Bhaji Masala, Chat Masala, etc.)
• Pure Spices hold the largest market share due to their versatility and applicability in most food preparations and other uses.

By Form
-Whole
-Powder
-Paste
-Others (Crushed, Chopped, etc.)

By Nature
-Organic
-Conventional

By Application
-Curries
-Snacks and Convenience Food
-Sauces and Dressings
-Frozen Food
-Others (Soups, Beverages, etc.)

By End User
-Food Service Outlets
-Industrial Applications
-Household

By Distribution Channel
-Offline
--Direct Sales
--Supermarkets/Hypermarkets
--Convenience Stores
-Online

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Indian Spices Market Geographic Reach:

The Geographic Reach of the Indian Spices Market evaluates the spread and significance of Indian Spices market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

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This release was published on openPR.