India Blended Spices Market Outlook, 2027-28

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.

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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Manmayi Raval

Research Consultant

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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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.