Reports

India Spices Market to Grow at a CAGR of 9.20% During 2024-2032, Driven by the Rapid Expansion of the Food Processing Sector

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India Spices Market Size, Share, Growth, Trends, Report: By Product Type: Pure Spices, Blended Spices; By Form: Packets, Sprinkler, Crusher, By Sector: Organised, Unorganised; By Application: Veg Curries, Meat and Poultry Products, Snacks and Convenience Foods, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Competitive Landscape

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.

India Spices Market Report Snapshots

India Spices Market Size

India Spices Market Analysis

India Spices Companies

*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.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
7   Opportunities and Challenges in the Market
8   Global Spice Market Overview
   8.1   Key Industry Highlights
   8.2   Global Spice Historical Market (2018-2023)
   8.3   Global Spice Market Forecast (2024-2032)
   8.4   Global Spice Market Share by Region
       8.4.1   North America
       8.4.2   Europe
       8.4.3   Asia Pacific
       8.4.4   Latin America
       8.4.5   Middle East and Africa
9   India Spice Market Overview
   9.1   Key Industry Highlights
   9.2   India Spice Historical Market (2018-2023)
   9.3   India Spice Market Forecast (2024-2032)
10   India Spice Market by Product Type
   10.1   Pure Spices
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
       10.1.3   Breakup by Type
           10.1.3.1   Chilli
               10.1.3.1.1   Historical Trend (2018-2023)
               10.1.3.1.2   Forecast Trend (2024-2032)
           10.1.3.2   Garlic
               10.1.3.2.1   Historical Trend (2018-2023)
               10.1.3.2.2   Forecast Trend (2024-2032)
           10.1.3.3   Turmeric
               10.1.3.3.1   Historical Trend (2018-2023)
               10.1.3.3.2   Forecast Trend (2024-2032)
           10.1.3.4   Ginger
               10.1.3.4.1   Historical Trend (2018-2023)
               10.1.3.4.2   Forecast Trend (2024-2032)
           10.1.3.5   Coriander
               10.1.3.5.1   Historical Trend (2018-2023)
               10.1.3.5.2   Forecast Trend (2024-2032)
           10.1.3.6   Fennel
               10.1.3.6.1   Historical Trend (2018-2023)
               10.1.3.6.2   Forecast Trend (2024-2032)
           10.1.3.7   Pepper
               10.1.3.7.1   Historical Trend (2018-2023)
               10.1.3.7.2   Forecast Trend (2024-2032)
           10.1.3.8   Cardamom
               10.1.3.8.1   Historical Trend (2018-2023)
               10.1.3.8.2   Forecast Trend (2024-2032)
           10.1.3.9   Clove
               10.1.3.9.1   Historical Trend (2018-2023)
               10.1.3.9.2   Forecast Trend (2024-2032)
           10.1.3.10   Tamarind
               10.1.3.10.1   Historical Trend (2018-2023)
               10.1.3.10.2   Forecast Trend (2024-2032)
           10.1.3.11   Others
   10.2   Blended Spices
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
       10.2.3   Breakup by Type
           10.2.3.1   Garam Masala
               10.2.3.1.1   Historical Trend (2018-2023)
               10.2.3.1.2   Forecast Trend (2024-2032)
           10.2.3.2   Non-Veg Masala
               10.2.3.2.1   Historical Trend (2018-2023)
               10.2.3.2.2   Forecast Trend (2024-2032)
           10.2.3.3   Sabzi Masala
               10.2.3.3.1   Historical Trend (2018-2023)
               10.2.3.3.2   Forecast Trend (2024-2032)
           10.2.3.4   Chole and Channa Masala
               10.2.3.4.1   Historical Trend (2018-2023)
               10.2.3.4.2   Forecast Trend (2024-2032)
           10.2.3.5   Chat Masala
               10.2.3.5.1   Historical Trend (2018-2023)
               10.2.3.5.2   Forecast Trend (2024-2032)
           10.2.3.6   Sambhar and Rasham Masala
               10.2.3.6.1   Historical Trend (2018-2023)
               10.2.3.6.2   Forecast Trend (2024-2032)
           10.2.3.7   Paneer and Curry Masala
               10.2.3.7.1   Historical Trend (2018-2023)
               10.2.3.7.2   Forecast Trend (2024-2032)
           10.2.3.8   Pav Bhaji Masala
               10.2.3.8.1   Historical Trend (2018-2023)
               10.2.3.8.2   Forecast Trend (2024-2032)
           10.2.3.9   Jaljeera Masala
               10.2.3.9.1   Historical Trend (2018-2023)
               10.2.3.9.2   Forecast Trend (2024-2032)
           10.2.3.10   Others
11   India Spice Market by Form
   11.1   Packets
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Sprinkler
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   Crusher
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
12   India Spice Market by Sector
   12.1   Organised
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Unorganised
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
13   India Spice Market by Application
   13.1   Veg Curries
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   Meat and Poultry Products
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Snacks and Convenience Foods
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   Soups, Sauces and Dressings
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Bakery and Confectionery
       13.5.1   Historical Trend (2018-2023)
       13.5.2   Forecast Trend (2024-2032)
   13.6   Frozen Foods
       13.6.1   Historical Trend (2018-2023)
       13.6.2   Forecast Trend (2024-2032)
   13.7   Others
14   India Spice Market by End-Use
   14.1   Retail
       14.1.1   Historical Trend (2018-2023)
       14.1.2   Forecast Trend (2024-2032)
   14.2   Food Service
       14.2.1   Historical Trend (2018-2023)
       14.2.2   Forecast Trend (2024-2032)
15   India Spice Market by Region
   15.1   North India
       15.1.1   Historical Trend (2018-2023)
       15.1.2   Forecast Trend (2024-2032)
   15.2   East and Central India
       15.2.1   Historical Trend (2018-2023)
       15.2.2   Forecast Trend (2024-2032)
   15.3   West India
       15.3.1   Historical Trend (2018-2023)
       15.3.2   Forecast Trend (2024-2032)
   15.4   South India
       15.4.1   Historical Trend (2018-2023)
       15.4.2   Forecast Trend (2024-2032)
16   Market Dynamics
   16.1   SWOT Analysis
       16.1.1   Strengths
       16.1.2   Weaknesses
       16.1.3   Opportunities
       16.1.4   Threats
   16.2   Porter’s Five Forces Analysis
       16.2.1   Supplier’s Power
       16.2.2   Buyer’s Power
       16.2.3   Threat of New Entrants
       16.2.4   Degree of Rivalry
       16.2.5   Threat of Substitutes
   16.3   Key Indicators for Demand
   16.4   Key Indicators for Price
17   Value Chain Analysis
18   Trade Data Analysis (HS Code - 0910)
   18.1   Major Importing Countries
       18.1.1   By Volume
       18.1.2   By Value
   18.2   Major Exporting Countries
       18.2.1   By Volume
       18.2.2   By Value
19   Price Analysis
20   Competitive Landscape
   20.1   Market Structure
   20.2   Company Profiles
       20.2.1   Everest Food Products Pvt Ltd
           20.2.1.1   Company Overview
           20.2.1.2   Product Portfolio
           20.2.1.3   Demographic Reach and Achievements
           20.2.1.4   Certifications
       20.2.2   Mahashian Di Hatti Private Limited
           20.2.2.1   Company Overview
           20.2.2.2   Product Portfolio
           20.2.2.3   Demographic Reach and Achievements
           20.2.2.4   Certifications
       20.2.3   Badshah Masala Private Limited
           20.2.3.1   Company Overview
           20.2.3.2   Product Portfolio
           20.2.3.3   Demographic Reach and Achievements
           20.2.3.4   Certifications
       20.2.4   DS Group (Catch)
           20.2.4.1   Company Overview
           20.2.4.2   Product Portfolio
           20.2.4.3   Demographic Reach and Achievements
           20.2.4.4   Certifications
       20.2.5   Eastern Condiments Pvt. Ltd.
           20.2.5.1   Company Overview
           20.2.5.2   Product Portfolio
           20.2.5.3   Demographic Reach and Achievements
           20.2.5.4   Certifications
       20.2.6   Aachi Spices & Foods Pvt Ltd
           20.2.6.1   Company Overview
           20.2.6.2   Product Portfolio
           20.2.6.3   Demographic Reach and Achievements
           20.2.6.4   Certifications
       20.2.7   MTR Foods Pvt. Ltd.
           20.2.7.1   Company Overview
           20.2.7.2   Product Portfolio
           20.2.7.3   Demographic Reach and Achievements
           20.2.7.4   Certifications
       20.2.8   Patanjali Ayurved Limited
           20.2.8.1   Company Overview
           20.2.8.2   Product Portfolio
           20.2.8.3   Demographic Reach and Achievements
           20.2.8.4   Certifications
       20.2.9   Sakthi Masala Private Limited
           20.2.9.1   Company Overview
           20.2.9.2   Product Portfolio
           20.2.9.3   Demographic Reach and Achievements
           20.2.9.4   Certifications
       20.2.10   ITC Limited (Sunrise Pure)
           20.2.10.1   Company Overview
           20.2.10.2   Product Portfolio
           20.2.10.3   Demographic Reach and Achievements
           20.2.10.4   Certifications
       20.2.11   Ushodaya Enterprises Pvt. Ltd. (Priya)
           20.2.11.1   Company Overview
           20.2.11.2   Product Portfolio
           20.2.11.3   Demographic Reach and Achievements
           20.2.11.4   Certifications
       20.2.12   Tata Consumer Products Limited
           20.2.12.1   Company Overview
           20.2.12.2   Product Portfolio
           20.2.12.3   Demographic Reach and Achievements
           20.2.12.4   Certifications
       20.2.13    Zoff Foods Private Limited
            20.2.13.1    Company Overview
            20.2.13.2    Product Portfolio
            20.2.13.3    Demographic Reach and Achievements
            20.2.13.4    Certifications
        20.2.14    Goldiee Group
            20.2.14.1    Company Overview
            20.2.14.2    Product Portfolio
            20.2.14.3    Demographic Reach and Achievements
            20.2.14.4    Certifications
        20.2.15 Ashok Masale
20.2.15.1 Company Overview
20.2.15.2 Product Portfolio
20.2.15.3 Demographic Reach and Achievements
20.2.15.4 Certifications
20.2.16 LIFESTYLE FOODS PVT LTD.
20.2.16.1 Company Overview
20.2.16.2 Product Portfolio
20.2.16.3 Demographic Reach and Achievements
20.2.16.4 Certifications
20.2.17 Others
21   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Spice Market: Key Industry Highlights, 2018 and 2032
2.   India Spice Market: Key Industry Highlights, 2018 and 2032
3.   India Spice Historical Market: Breakup by Product Type (USD Million), 2018-2023
4.   India Spice Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5.   India Spice Historical Market: Breakup by Form (USD Million), 2018-2023
6.   India Spice Market Forecast: Breakup by Form (USD Million), 2024-2032
7.   India Spice Historical Market: Breakup by Application (USD Million), 2018-2023
8.   India Spice Market Forecast: Breakup by Application (USD Million), 2024-2032
9.   India Spice Historical Market: Breakup by End-Use (USD Million), 2018-2023
10.   India Spice Market Forecast: Breakup by End-Use (USD Million), 2024-2032
11.   India Spice Historical Market: Breakup by Region (USD Million), 2018-2023
12.   India Spice Market Forecast: Breakup by Region (USD Million), 2024-2032
13.   Major Importing Countries by Volume
14.   Major Exporting Countries by Volume
15.   Major Importing Countries by Value
16.   Major Exporting Countries by Value
17.   India Spice Market Structure

Key Questions Answered in the Report

What was the India spices market value in 2023?

In 2023, the market reached an approximate value of INR 86,930 crore.

What is the expected growth rate for the India spices market?

The market is projected to grow at a CAGR of 9.20% between 2024 and 2032.

What is the forecast outlook of the India spices market for 2024-2032?

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.

What are the major market drivers and also provide the India spices market overview?

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.

What are the major trends in the market?

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.

Which region is the largest producer of spices?

India is the largest producer of spices in the world. India is also the world's largest exporter and consumer of spices.

What is the oldest spice?

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’.

Which city was known as the City of Spices?

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.

Who are the key market players, according to the EMR report?

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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