Indian Spices Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

 

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Indian Spices Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Indian Spices Industry (2024-2030):

According to the latest report, The Indian Spices Market is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Indian Spices industry.

Key Takeaways: Beneficial for Stakeholders and Clients:

·       Historical Data: 2019-22

·       Base Year: 2023

·       Forecast Period: 2024-30

·       CAGR: 4.56%

What are the major Challenge facing the Indian Spices industry?

Imposition of Ban on Indian Spices by Some of the International Food Regulators– Over the years, the cases of food poisoning due to the presence of harsh chemicals & additives have increased tremendously. As a result, there has been an increased focus of the international regulatory bodies towards food safety. These regulatory bodies are laying stringent product standards. Owing to these new regulatory norms, Indian Spices brands such as MDH and Everest have been recently facing challenges since certain spices of their product portfolio have been banned by international food regulators. For instance, in 2024, Singapore and Hong Kong imposed a ban on a few spices of MDH and Everest as they claimed that their spices contained carcinogenic substances. Moreover, after the imposition of the ban in these countries, various authorities of other nations have also initiated the trial & testing of the Indian spices. In 2024, the US Food and Drug Authority (FDA) announced that it has been collecting information on the products provided by MDH and Everest. Due to these bans, there has been a halt in their sales in some countries. Along with this, these factors are also leading to a reluctance among customers to use or purchase Indian spices, hampering the Indian Spices Market growth. 

Download a sample PDF of this report to gain insights into the complete report structure - https://www.marknteladvisors.com/query/request-sample/indian-spice-market.html

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Indian Spices Market Segmentation

The Indian Spices Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Product Type
    • Pure Spices- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Turmeric- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Cumin- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Cardamom- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Coriander- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Ginger- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Garlic- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Pepper- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Red Chilli- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Mustard Seeds- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Fenugreek- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Tamarind- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Others (Fennel, Clove, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
    • Blended Spices- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Garam Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Non-Veg Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Kitchen King and Sabzi Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Chole and Channa Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Sambhar and Rasham Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Paneer and Curry Masala- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Others (Pav Bhaji Masala, Chat Masala, etc.) - Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
  • By Form
    • Whole- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Powder- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Paste- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Others (Crushed, Chopped, etc.)- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
  • By Nature
    • Organic- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Conventional- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
  • By Application
    • Curries- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Snacks and Convenience Food- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Sauces and Dressings- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Frozen Food- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Others (Soups, Beverages, etc.)- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
  • By End User
    • Food Service Outlets- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Industrial Applications- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Household- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
  • By Distribution Channel
    • Offline- Market Size & Forecast 2019-2030F, (USD Million)
      • Direct Sales- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
      • Convenience Stores- Market Size & Forecast 2019-2030F, (USD Million, Thousand Tons)
    • Online- Market Size & Forecast 2019-2030F, (USD Million)
  • By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia-Pacific

As per the regional aspect, the Indian Spices Market is expected to be dominated by North America by capturing the potential market share.

Explore further details about this research report - https://www.marknteladvisors.com/research-library/indian-spice-market.html

Top Companies in the Indian Spices Market

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

Indian Spices Market Recent Development

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.

Why Markntel Advisors Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report- https://www.marknteladvisors.com/query/request-customization/indian-spice-market.html

For Further Queries:

Contact Us

MarkNtel Advisors

+1 628 895 8081, +91 120 4278433

sales@marknteladvisors.com

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