India Blended Spices Market Outlook, 2027-28

India Blended Spices has shown remarkable growth in past couple of years. The market is forecasted to grow with a CAGR of more than 9 % in near future.

Featured Companies

  • 1. Aachi Spices & Foods Private Limited
  • 2. DS SPICSCO Private Limited
  • 3. Jhaveri Industries
  • 4. Mahashian Di Hatti Private Limited
  • 5. MTR Foods Private Limited
  • 6. Munimji Foods and spices Private Limited
  • More...

The report provides deep analysis of the India Packaged Spices market with size in terms of both value and volume of spices market and also provides market share of different segments. The report formed by segregating data from various sources and various time frames. It consists of various historic data and based on current situation of market and key factors provide forecast based on best suitable method. This could defiantly be helpful in identifying the market segments which are driving growth. The report consist profiles of leading companies and provide market share of their brands which would be helpful in examining market competition as well. "India Packaged Spices Market Outlook, 2027-28" India Packaged Spices has shown tremendous growth in past couple of years. The market is forecasted to grow with a CAGR of more than 11% in near future. Increasing working women population and consumers awareness towards adulterate has created a huge demand of packaged and blended spices. With higher purchasing power resulted due to the high economic development of India has resulted in changing preference of Indian consumers. The consumers are observed to be shifting from standard, local and regional brands towards national brands. The consumption of foreign brand is also observed to be Increasing in Indian Packaged & Blended Spices market. While the growth of Blended spices and spices Mix has opened a new segment for many of the players as it is currently consisting of regional players.

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Health conscious consumer of India has is now more aware about adulteration in Spices. They are now preferred packaged Spices instead of loss Spices. Consumers are gradually bending toward packaged spices for better quality prospect. Campaign running by companies for awareness of spices likes TATA Sampann brand with chef sanjeev kapoor is introduces consumers to the hard truth of how common market spices are drained of their natural oils and colors, and are not sourced from the right place of origin, which hampers taste, color and flavor. The campaign ‘Aaj ka masaledaar sach' aim to engage consumers and bring to their attention how important it is to use masala which have their natural goodness to intact for healthy living. Moreover, commercials of Everest with slogan "Everest ka Tikha Lal" is also proving quality in their products and stating that they provide pure spices without any color in it. These activities, TVCs, helps consumer to know the other side of Spices market. ? Major Companies Brands Major brands that operate into Indian Spices market are Everest, Badshah, MDH, Catch, Pushp, MTR, Vasant Masala, Ramdev, Patanjali, Aachi Masala, TATA Sampann, Suhana Masala, Goldie Masala, Eastern Condiments, Priya Masala, Mother Recipe, Hathi Masala, Nilon's, J K Spices etc. Considered for the Report: Geography: India Base Year: FY 2021-22 Estimated Year: FY 2022-23 Forecast Year: FY 2027-28 Objective of the study: • To analyse and forecast the India Packaged and Blended market size, in terms of value and volume. • To analyse and forecast the India market size, in terms of volume. • To define, classify and forecast Packaged and Blended Spices market on the basis of types like Chilli and Garam masala etc. • To strategically profile leading players, which are operating in the Spices industry of India

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Arun Kalwani

Arun Kalwani

Research Analyst

Approach for the Report: Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Spices market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web. Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of Spices were recorded and subsequently forecasted for the future years. Scope of the Report: “India Packaged Spices Market outlook, 2027-28” discusses the following aspects of spices market in India: • Indian Packaged Spices Market Outlook by Value by Volume & Forecast • Indian Blended Spices Market Outlook by Value by Volume & Forecast • Indian Packaged, Chilli, Turmeric, Coriander and other Market Size by Value, Volume & Forecast • 15 types of Blended Spices market Size by value, by volume, and forecast • India Packaged and Blended Spices market Company share by Value.

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Arun Kalwani

Intended Audience: This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Spice industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Aachi Spices & Foods Private Limited
  • DS SPICSCO Private Limited
  • Jhaveri Industries
  • Mahashian Di Hatti Private Limited
  • MTR Foods Private Limited
  • Munimji Foods and spices Private Limited
  • Pravin Foods Private Limited
  • Ramdev Foods Products private Limited
  • S.Narendrakumar & Co.
  • Tata Chemicals Limited
  • Vasant Masala Private Limited

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Spices Market Outlook
  • 4.1. Market Size
  • 4.1.1. By Value
  • 4.1.2. By Volume
  • 4.2. Market Share
  • 4.2.1. By Region
  • 4.2.2. By Type
  • 4.2.3. By Sales Channel
  • 5. India Packaged Spices Market
  • 5.1. Market Size
  • 5.1.1. By Value
  • 5.1.2. By Volume
  • 5.2. Market Share By Category
  • 5.3. Overall Packaged Chilli Powder Market Outlook
  • 5.3.1. Market Size
  • 5.3.1.1. By Value
  • 5.3.1.2. By Volume
  • 5.4. Overall Packaged Turmeric Powder Market Outlook
  • 5.4.1. Market Size
  • 5.4.1.1. By Value
  • 5.4.1.2. By Volume
  • 5.5. Overall Packaged Coriander Powder Market Outlook
  • 5.5.1. Market Size
  • 5.5.1.1. By Value
  • 5.5.1.2. By Volume
  • 5.6. Overall Packaged Pepper Powder Market Outlook
  • 5.6.1. Market Size
  • 5.6.1.1. By Value
  • 5.6.1.2. By Volume
  • 5.7. Other Branded Spices Powder Market Outlook
  • 5.7.1. Market Size
  • 5.7.1.1. By Value
  • 5.7.1.2. By Volume
  • 6. Product Price Variant Analysis of Blended Spices
  • 7. Trade Dynamics
  • 7.1. Import
  • 7.2. Export
  • 8. Market Dynamics
  • 8.1. Key Drivers
  • 8.2. Key Challenges
  • 9. PEST Analysis
  • 10. Market Trends & Developments
  • 10.1. Increase Demand of Organic spices in Domestic and International Market
  • 10.2. Government Initiative towards national policy on Spices (Spices Parks, E-auction, Policy)
  • 10.3. Alternative Processing Technologies – Cryogenic Grinding
  • 10.4. Swelling demand of Packaged and Blended Spices
  • 10.5. Adoption of Spices in Diary, Nutraceuticals, and Defence sector
  • 11. Competitive Landscape
  • 11.1. Porter`s Five Forces
  • 11.2. Company Profile
  • 11.2.1. S Narendrakumar & Co. (Everest Masala)
  • 11.2.1.1. Company Snapshot
  • 11.2.1.2. Company Overview
  • 11.2.1.3. Financial Highlights
  • 11.2.1.4. Geographic Insights
  • 11.2.1.5. Business Segment & Performance
  • 11.2.1.6. Product Portfolio
  • 11.2.1.7. Key Executives
  • 11.2.1.8. Strategic Moves & Developments
  • 11.2.2. Jhaveri Industries (Badshah Masala)
  • 11.2.3. Mahashian Di Hatti Private Limited (MDH Spices)
  • 11.2.4. DS Spicsco Private Limited (Catch Spices)
  • 11.2.5. TATA Chemicals Limited (TATA Sampann)
  • 11.2.6. Ramdev Food Products Private Limited
  • 11.2.7. MTR Foods Private Limited
  • 11.2.8. Munimji Foods and Spices Private Limited (Pushp Masala)
  • 11.2.9. Pravin Food Private limited (Suhana)
  • 11.2.10. Aachi Spices & Foods Private Limited
  • 11.2.11. Vasant Masala Private Limited
  • 11.2.12. Patanjali Ayurved Limited
  • 12. Strategic Recommendation’s
  • 13. Disclaimer

List of Table

Table 1: India Economic Snapshot 2020
Table 2: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 3: India Spices Market Share By Region (2016-17, 2021-22 & 2027-28F)
Table 4: India Spices Market Share By Type (2016-17, 2021-22 & 2027-28F)
Table 5: India Spices Market Share By Sales Channel (2016-17, 2021-22 & 2027-28F)
Table 6: India Packaged Spices Market Share By Category (2016-17, 2021-22 & 2027-28F)
Table 7: HS Code for Spices Products in India 2021-22
Table 8: Import Duty Structure for HS Code XXXX in India 2021-22
Table 9: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 10: Import of HS Code XXXX in India - By Country By Value & Volume Share 2021-22
Table 11: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 12: Export of HS Code XXXX in India - By Country by Value & Volume Share 2021-22
Table 13: Influencing Factors for India Pure, Packaged and Blended Spices Market, 2021-22

List of Figure

Figure 1: India Population 2017-2021(In Crore)
Figure 2: India Spices Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 3: India Spices Market Size by Volume (2016-17 to 2027-28F) (Tonnes)
Figure 4: India Packaged Pure Spices Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 5: India Packaged Pure Spices Market Size by Volume (2016-17 to 2027- 28F) (in INR Crore)
Figure 6: India Packaged Chilli Powder Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 7: India Packaged Chilli Powder Market Size by Volume (2016-17 to 2027- 28F) (in Tonnes)
Figure 8: India Packaged Turmeric Powder Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 9: India Packaged Turmeric Powder Market Size by Volume (2016-17 to 2027- 28F) (in Tonnes)
Figure 10: India Packaged Coriander Powder Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 11: India Packaged Coriander Powder Market Size by Volume (2016-17 to 2027- 28F) (in Tonnes)
Figure 12: India Packaged Pepper Powder Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 13: India Packaged Chilli Powder Market Size by Volume (2016-17 to 2027- 28F) (in Tonnes)
Figure 14: India Packaged Other Spices Market Size by Value (2016-17 to 2027- 28F) (in INR Crore)
Figure 15: India Packaged Other Spices Market Size by Volume (2016-17 to 2027- 28F) (in Tonnes)
Figure 16: Porter's Five Forces of India Pure, Packaged and Blended Spices Market
Figure 17: Market attractiveness Index, By XXXX 2027
Figure 18: Market attractiveness Index, By Segment 2027

Feed Phosphate Market Research FAQs

The Packaged Spice Market is expected to grow at a CAGR od around 11%.

The types of Packaged/Branded Spices are Branded Chilli Powder , Branded Turmeric Powder , Branded Coriander Powder , Branded White & Black pepper Powder and Others Brand Powder.

Packaged Spice volume is been growing historically and it is still expected to grow in the forcasted period.

Chilli powder is the most dominating type of packaged spices market.

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India Blended Spices Market Outlook, 2027-28

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