India Spices Market Trends, Growth, Opportunities and Forecasts 2022-2027 – Increasing Demand for Innovative Flavors, Authentic Cuisines, and Ethnic Tastes – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “India Spices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The India spices market reached a value of INR 142,569.3 Crores in 2021. Looking forward, the publisher expects the market to reach INR 270,928.4 Crores by 2027, exhibiting a CAGR of 11.29% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

The increasing demand for innovative flavors, authentic cuisines, and ethnic tastes in foods and snacks is augmenting the market for spices in India.

Additionally, a significant growth in the food processing industry along with hectic work schedules and sedentary lifestyles of the consumers are also propelling the demand for convenient food options. As a result, the growing utilization of spices in processed and ready-to-eat food products is further driving the market growth in the country.

Apart from this, the expanding HoReCa sector in India is also bolstering the market growth. Moreover, the increasing penetration of western food trends is further catalyzing the demand for a variety of newer spices.

Additionally, the Indian government has introduced stringent regulations to curb the adulteration of spices, thereby inducing the production of safer product variants.

Furthermore, the rising consumer concerns towards the negative health impact of synthetic additives in spices are augmenting the demand for natural and organic spices in the country.

Key Questions Answered in This Report

• What was the size of the India spices market in 2021?
• What is the expected growth rate of the India spices market during 2022-2027?
• What are the key factors driving the India spices market?
• What has been the impact of COVID-19 on the India spices market?
• What is the breakup of the India spices market based on the product type?
• What is the breakup of the India spices market based on the application?
• What is the breakup of the India spices market based on the form?
• What are the key regions in the India spices market?
• Who are the key players/companies in the India spices market?

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being

• Aachi Spices & Foods Pvt Ltd
• Badshah Masala
• Eastern Condiments Private Limited
• Everest Food Products Pvt Ltd
• Mahashian Di Hatti Private Limited
• MTR Foods Pvt Ltd.
• Patanjali Ayurved Limited.

Key Market Segmentation:

Breakup by Product Type:

Pure Spices

• Chilli
• Turmeric
• Coriander
• Cumin
• Pepper
• Tamarind
• Asafoetida
• Bay Leaf
• Clove
• Cardamom
• Cinnamon
• Tulsi Leaf
• Others

Blended Spices

• Garam Masala
• Non-Veg Masala
• Kitchen King and Sabzi Masala
• Chole and Channa Masala
• Chat Masala
• Sambhar and Rasham Masala
• Paneer and Curry Masala
• Pav Bhaji Masala
• Jaljeera Masala
• Others

Breakup by Application:

• Veg Curries
• Meat and Poultry Products
• Snacks and Convenience Foods
• Soups, Sauces and Dressings
• Bakery and Confectionery
• Frozen Foods
• Beverages
• Others

Breakup by Form:

• Packets
• Sprinkler
• Crusher

Breakup by Region:

• South India
• North India
• West and Central India
• East India

For more information about this report visit https://www.researchandmarkets.com/r/a5btdv

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