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The India spices market reached a value of INR 86,930 crore in 2024. During the forecast period between 2025 and 2034, the market is expected to grow at a CAGR of 9.20% to reach a value of around INR 1,91,945 crore by 203
Base Year
Historical Year
Forecast Year
Spices are seasonings primarily employed for flavouring, colouring, or preserving food products. Various fragrant seeds, dried fruits or vegetables, roots, and barks, are typically processed to make spices. Without adding more fat or calories, spices improve the flavour, texture, and aroma of food. India is currently one of the leading manufacturers of spices in the world. Some of the typical spices that are widely accessible across the country are chilli, cumin, turmeric, fenugreek, coriander, tamarind, and mustard.
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Spices can change the flavour of a certain food and their use corresponds with regional flavours and cultural preferences that dictate food choices of people. Indians tend to consume more spicy food compared to people from other nationalities, and spices are often a key ingredient in a variety of Indian dishes/cuisines. The use of spices in different cuisines is rising as a result of the increasing number of Indian restaurants globally and increasing demand for traditional and ethnic cuisines that demand a variety of ingredients for preparation.
It is one of the major India spices market trends as spices play a pivotal role in changing the flavour of various foods to align it with regional flavours. This significantly contributes to the growth of the market.
Based on product type, the market is divided into pure spices and blended spices. Pure spices are further categorised by type into chilli, garlic, turmeric, ginger, coriander, fennel, pepper, cardamom, clove, and tamarind, among others. Blended spices are sub-divided by type into garam masala, non-veg masala, sabzi masala, chole and channa masala, chat masala, sambhar and rasham masala, paneer and curry masala, pav bhaji masala, and jaljeera masala, among others.
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On the basis of form, the India spices market segmentation includes packets, sprinklers, and crushers. Based on sector, the market is divided into organised and unorganised. By application, the market is categorised into veg curries, meat and poultry products, snacks and convenience foods, soups, sauces and dressings, bakery and confectionery, and frozen foods, among others. The end-uses of the product include retail and food service. The regional markets for spices can be divided into North India, South India, East and Central India, and West India.
The report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The India spices market report by EMR gives a detailed analysis of the following key players, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Pure spices are anticipated to dominate the Indian spices market during the forecast period owing to their unprocessed and unadulterated nature. The dominance of pure spices suggests a growing preference among consumers for traditional, unaltered flavours that cater to culinary authenticity and health-conscious choices. Following the rising demand for pure spices, companies are also increasingly implementing innovative packaging solutions and clean labels to gain an edge witnessing the growing competition in the spices market in India.
Some of the most widely used pure spices in India are pepper and turmeric. The fruit peppercorn is the source of the pungent spice known as pepper, which has been consumed for generations. It comes in whole or ground form and produces black pepper, green pepper, and white pepper. The most popular type of pepper used worldwide is black pepper, and its utilisation is further rising as a result of its medical advantages, including as pain relief and as an antioxidant, contributing to the whole spices market expansion in India.
The pulverised, vivid orange powder form of turmeric is more widely available and can be discovered in any spice section. It is a versatile powder that adds a peppery flavour, a yellow colour, and a mustard-like aroma to a variety of foods and serves a number of culinary applications. Due to its earthy flavour, it pairs well with savoury, spice-based dishes.
With a considerable India spices market share, the organised sector has been growing rapidly owing to the rising investment in modern infrastructure in order to meet stringent quality standards. The organised spices market is in a strong position, owing to shifting customer preferences, creative branding, adoption of secure packing techniques, and expanding retail chains.
Moreover, companies in this sector highly prioritise innovation and product diversification. With changing food preferences and demands for products that enhance the convenience of customers, the blended spices market in India is also witnessing an upward trajectory. The increasing investment in research and development initiatives to introduce new spice variants, blends, or value-added products that cater to evolving consumer preferences is expected to favour the India spices market growth.
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Everest Food Products Pvt. Ltd. is the largest spice-selling brand in India, which was established in 1965, and currently offers more than 45 masala varieties in both pure and blended forms. The company sells its products not only in Indian market but many nations around the world, including the United States, the United Kingdom, Africa, the United Arab Emirates, Singapore, and Australia.
Badshah Masala Private Limited, a leading producer of spices, was founded in 1958. Its collection includes a wide range of spices and products including asafoetida, kesari milk masala, premix tea, seasoning spices, whole spices, blended spices, and papad. The brand has a significant presence in both domestic and international markets. Its products are available across various retail channels, including supermarkets, hypermarkets, speciality stores, and online platforms, catering to a diverse consumer base.
MTR Foods Pvt Ltd, with its headquarters in Karnataka, stands out as an Indian heritage brand that has been providing ethnic and high-quality Indian food for more than 90 years. A well-known household name, the brand is associated with culinary expertise that has been presented in contemporary, user-friendly ways. MTR unifies India's palate by preserving and reproducing recipes that have been passed down through generations from their region of origin while also keeping up with the country's changing palate. Their extensive portfolio of masalas, spices, ready-to-cook, and ready-to-eat products covers all meal occasions.
Other spice manufacturers in India are Mahashian Di Hatti Pvt. Ltd., DS Group (Catch), Eastern Condiments Pvt. Ltd., Aachi Masala Foods (P) Ltd, Patanjali Ayurved Limited, Sakthi Masala Private Limited, ITC Limited, Ushodaya Enterprises Pvt. Ltd. (Priya), Tata Consumer Products Limited, Zoff Foods Private Limited, Goldiee Group, Ashok Masale, and LIFESTYLE FOODS PVT LTD., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Form |
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Breakup by Sector |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of INR 86,930 crore.
The market is projected to grow at a CAGR of 9.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of INR 1,91,945 crore by 2032.
The major drivers of the market include the expanding HoReCa sector, growing fondness towards traditional dishes and Indian cuisines around the globe, innovations with food products and flavours, and expansion of domestic brands and increase in the number of players operating in the spices category. Further, the rising consumer awareness of the negative health impact of synthetic additives found in spices is driving the demand for organic and pure spices/natural spices in India.
The growing utilisation of spices in processed and ready-to-eat food products and the increasing demand for authentic cuisines are the key trends propelling the growth of the market.
India is the largest producer of spices in the world. India is also the world's largest exporter and consumer of spices.
The use of cinnamon in cooking goes back much further in history than any other spice. As a result, it has earned the title ‘world's oldest spice’.
Kozhikode was known as the ‘City of Spices’ during classical antiquity and the Middle Ages due to its significance as the main commercial hub for trading Eastern spices.
The major players in the Indian market for spices are Everest Food Products Pvt. Ltd., Mahashian Di Hatti Pvt. Ltd., Badshah Masala Private Limited, DS Group (Catch), Eastern Condiments Pvt. Ltd., Aachi Masala Foods (P) Ltd, MTR Foods Pvt Ltd, Patanjali Ayurved Limited, Sakthi Masala Private Limited, ITC Limited, Ushodaya Enterprises Pvt. Ltd. (Priya), Tata Consumer Products Limited, Zoff Foods Private Limited, Goldiee Group, Ashok Masale, and LIFESTYLE FOODS PVT LTD., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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