The Indian Spices Market size was valued at around USD 17.28 billion in 2024 and is projected to reach USD 24.48 billion by 2030. It is also estimated to grow at a CAGR of around 5.98% during the forecast period, 2025-30.            

Indian Spices Market Driver:

Expansion of Indian Hotels & Restaurant Groups Across the Globe Accentuates the Market Growth – In recent years, there has been a rise in the number of Indians residing in other countries, either due to study reasons or business-related purposes. These consumers need restaurants that specialize in making Indian cuisine. As a result, several hotels that primarily provide Indian dishes are being launched in other countries. The expansion of Indian restaurant chains across the region such as the US, London, Dubai, Singapore, etc., has strongly contributed to the growth of the Indian Spices Market since food items prepared by these restaurants follow traditional Indian recipes that use a wide range of spices. Moreover, several international restaurants have started incorporating conventional Indian dishes in their menu to gain the attention of the Indian inhabitants. As a result, the demand for traditional Indian spices to get an accurate taste & flavor is rising, driving market growth. Further, several nations are easing their regulatory policies and providing ease of doing business. Therefore, Indian hotels & restaurant owners would continue to expand into other countries. This, in turn, is further expected to boost the demand for Indian spices worldwide.

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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Indian Spices Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• By Product Type
  • Pure Spices- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Turmeric- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Cumin- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Cardamom- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Coriander- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Ginger- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Garlic- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Pepper- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Red Chilli- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Mustard Seeds- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Fenugreek- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Tamarind- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Others (Fennel, Clove, etc.)- Market Size & Forecast 2020-2030F, (USD Billion)
  • Blended Spices- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Garam Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Non-Veg Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Kitchen King and Sabzi Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Chole and Channa Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Sambhar and Rasham Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Paneer and Curry Masala- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Others (Pav Bhaji Masala, Chat Masala, etc.) - Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
• By Form
  • Whole- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Powder- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Paste- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Others (Crushed, Chopped, etc.)- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
• By Nature
  • Organic- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Conventional- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
• By Application
  • Curries- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Snacks and Convenience Food- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Sauces and Dressings- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Frozen Food- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Others (Soups, Beverages, etc.)- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
• By End User
  • Food Service Outlets- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Industrial Applications- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Household- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
• By Distribution Channel
  • Offline- Market Size & Forecast 2020-2030F, (USD Billion)
    • Direct Sales- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Supermarkets/Hypermarkets- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
    • Convenience Stores- Market Size & Forecast 2020-2030F, (USD Billion, Thousand Tons)
  • Online- Market Size & Forecast 2020-2030F, (USD Billion)
• By Region
  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - ITC Limited, Tata Consumer Products Limited, Everest Spices, Orkla ASA (MTR Foods), House of Spices (India) Inc., McCormick & Company, Inc., Mane Kancor Spices Pvt Ltd, Nedspice Group, Olam International Limited, MDH Spices, Catch Foods, Adani Spices, Patanjali Ayurved Limited, Zoff Foods Pvt. Ltd., Ajy Overseas, and Others

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