India Spices Market | Share, Revenue, Trends, Growth, Outlook, Analysis, Companies, Industry, Forecast, COVID-19 IMPACT, Size & Value

India Spices Market Synopsis

The India spices market is expected to witness a CAGR of 6.7% during 2023-2029, owing to increasing demand for ethnic cuisines from the millennial population and rising awareness about health benefits of consuming various spices across the country. The Government initiatives such as Pradhan Mantri Fasal Bima Yojana (PMFBY) for agricultural crops have also boosted spice production in India.

Market Drivers

Increasing demand from millennials for ethnic cuisine with different flavors due to changing food habits.Growing disposable income among consumers leading to higher spending on flavorful and healthy options.Rising awareness among people regarding the health benefits associated with consumption of certain types of spices like turmeric, ginger, etc.

Challenges of the Market

The lack of technological advancements in processing and packaging hinders growth potential.Increasing competition from imported products at lower prices affects domestic sales volume.

Key Players in the Market

Some major key players operating in India Spices Market include Arihant Supermarket Pvt Ltd., La Fabrica Exports Pvt Ltd., Marico Limited., Akay Group Of Companies, Everest Spices Private Limited., Kohinoor Foods Limited among others

Key Highlights of the Report:

• India Spices Market Outlook
• Market Size of India Spices Market, 2023
• Forecast of India Spices Market, 2030
• Historical Data and Forecast of India Spices Revenues & Volume for the Period 2020-2030
• India Spices Market Trend Evolution
• India Spices Market Drivers and Challenges
• India Spices Price Trends
• India Spices Porter's Five Forces
• India Spices Industry Life Cycle
• Historical Data and Forecast of India Spices Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Pepper for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Ginger for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Cinnamon for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Cumin for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Turmeric for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Cardamom for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Coriander for the Period 2020-2030
• Historical Data and Forecast of India Pepper Spices Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Form for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Powder for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Whole for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Chopped/Crushed for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Category for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Organic for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Conventional for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Store based for the Period 2020-2030
• Historical Data and Forecast of India Spices Market Revenues & Volume By Non-Store based for the Period 2020-2030
• India Spices Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Category
• Market Opportunity Assessment By Distribution Channel
• India Spices Top Companies Market Share
• India Spices Competitive Benchmarking By Technical and Operational Parameters
• India Spices Company Profiles
• India Spices Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):