Escalating demand for authentic cuisines, innovative flavors and ethnic tastes in meals and snacks is among the primary factors driving the India spices market.
BROOKLYN, NEW YORK, UNITED STATES, February 23, 2023 /
EINPresswire.com/ -- The latest report by IMARC Group, titled โ๐๐ง๐๐ข๐ ๐๐ฉ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐
๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐โ, offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the 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.
๐๐๐๐ซ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Spices represent the meal additives that are mainly used for coloring, flavoring, or preserving food items. They are usually manufactured by processing various dried fruits or vegetables, aromatic seeds, roots, barks, etc. Common spices that are widely available in India include turmeric, coriander, tamarind, chili, cumin, mustard, fenugreek, etc. These additives offer exquisite texture, aroma, and taste to food without adding any extra calories or fat. As a result, spices find widespread applications in veg curries, meat and poultry products, snacks, convenience foods, soups, sauces, dressings, bakery and confectionery, beverages, frozen meals, etc., across the country.ย ย
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๐๐ง๐๐ข๐ ๐๐ฉ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The escalating demand for authentic cuisines, innovative flavors, and ethnic tastes in meals and snacks is among the primary factors driving the India spices market. Besides this, the expanding food processing industry and the elevating product requirement in ready-to-eat and processed meals, on account of the hectic work schedules and the sedentary lifestyles of the consumers, are further augmenting the market growth. Moreover, the development of the HoReCa sector in the country, the rising consumer concerns towards the presence of harmful chemical additives in conventional herbs, and the increasing need for various newer spices, owing to the emerging western food trends, are also catalyzing the market across India. Apart from this, the launch of several policies by the government bodies to curb the adulteration of these additives and promote the production of safer product variants is acting as another significant growth-inducing factor. Furthermore, the high preference for natural and organic seasonings to limit microbial growth and preserve the quality of meat and poultry products is anticipated to propel the India spices market over the forecasted period.ย ย
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
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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.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The competitive landscape of the industry has also been examined with some of the key players.
โข Aachi Spices & Foods Pvt Ltd
โข Badshah Masala
โข Eastern Condiments Private Limited
โข Everest Food Products Pvt Ltd
โข Mahashian Di Hatti Private Limited
โข MTR Foods Pvt Ltd.
โข Patanjali Ayurved Limited.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The report has categorized the market based on product type, application and form.
Breakup by Product Type:
โข 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
โข 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
Breakup by Application:
โข Veg Curries
โข Meat and Poultry Products
โข Snacks and Convenience Foods
โข Soups, Sauces and Dressings
โข Bakery and Confectionary
โข Frozen Foods
โข Beverages
โข Others
Breakup by Form:
โข South India
โข North India
โข West & Central India
โข East India
Breakup by Region:
โข South India
โข North India
โข West & Central India
โข East India
Ask Analyst for Customization and Explore full report with TOC & List of Figures:ย
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๐๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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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