According to IMARC Group’s latest report, titled “India Spices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the India spices market grew at a CAGR of 15% during 2015-2020. Spices are the food additives that are primarily used for flavoring and coloring food items. They are manufactured by processing a wide range of dried fruits or vegetables, aromatic seeds, roots, barks, etc. Spices offer exquisite taste, aroma and texture to food without adding any extra calories or fat. At present, India is one of the largest producers of spices in the world. Some of the common spices that are easily available in the country include chili, turmeric, tamarind, coriander, cumin, mustard, fenugreek, etc.
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The thriving food and beverage sector, coupled with escalating demand for innovative flavors, authentic and western cuisines and ethnic tastes in snacks and foods, is primarily augmenting the market for spices in India. Moreover, significant growth in the food processing industry, along with hectic work schedules and sedentary lifestyles of the consumers, is also propelling the demand for ready-to-eat (RTE) food variants. As a result, the increasing utilization of spices in processed and ready-to-eat food products is further catalyzing the market growth in the country. Several other factors, including stringent regulations by the government to curb the adulteration of spices and rising consumer concerns towards the adverse health impact of synthetic additives in spices, will continue to bolster the market for organic and natural spices 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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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.
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