Indian Spices Market Research Report: Forecast (2024-2030)

1. Indian Spices Market Research Report: Forecast (2024-2030) • GET UPDATED SAMPLE REPORT 2025-2030 • MARKNTEL ADVISORS

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4. Market Insights The Indian Spices Market is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30. The thriving spices industry of India firmly remains one of the key driving forces of the Indian Spices Market as the country accounts for the largest production of spices in the world. Individuals across the globe are developing increased interest in the various Indian spices due to their better taste and health qualities. Owing to this, the demand for Indian spices across the globe is witnessing a surge.

5. Market Trends Increasing Inclination Towards Organic Spices to Support Market Growth – Customers have become more mindful of the chemical additives generally used for spices production. Along with this, several individuals are facing allergic reactions due to the presence of chemical compounds. Thus, customers have become more health-conscious and are increasingly shifting towards organic spices. These spices are free from any chemical compounds owing to which they do not have any adverse impact on the consumer's health. Along with this, individuals are becoming more aware of animal cruelty. As a result, they are transitioning towards organic or plant-based Indian spices. As per the consumer survey conducted by Rakuten Insight in 2023, more than 35% of consumers are purchasing plant-based spices, supporting market growth.

6. Market Segments Indian Spices Market 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.)), 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- Market Size & Forecast 2019-2030F, (USD Million), (Direct Sales, Supermarkets/Hypermarkets, Convenience Stores, Online), and Others

7. Top Companies 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

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10. MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”

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