• Spices Market is expected to reach USD 18 Billion by 2020.

• Future Growth of Spices Products is expected to be led by branded spices and spice mixes.

• The market leader, MDH spices is expected to maintain focus on Emerging Markets and global brands to compete with other players in the industry

Ken Research announced its latest publication on “India Spice and Spice Mixes Market Outlook to 2020” which provides a comprehensive analysis of the spices and spices products in India. The report covers various aspects such as market size of overall India Spices market, segmentation on the basis of chilly, garlic, ginger, turmeric and coriander and volume of exports and imports for spices products. The report also provides a snapshot on the Spice mix market in India.

The market is presented by ongoing trends and developments, SWOT analysis and growth drivers. The competition in spice market is comprehensively been presented with a focus on market share of major players coupled with their detailed company profile. In addition, the report also showcases the investment required to start a spice processing plant in India, with the future outlook of the overall Industry. The report is useful for spice manufacturers, wholesalers of spices, retail chains, spices machinery manufacturers and new players venturing in the market.

The spices market in the India has witnessed a growth in recent years on account of rising demand for spices fueled by expansion in spice mixes. The surge in growth is majorly originated from growth in chilly and turmeric as a segment of spice market. The growth in this segment has been largely led by the domestic factors such as increase in the area under cultivation and increasing demand from international markets. Unorganized segment has been dominating the spices market in India for the last many years. The market share of unorganized segment ~% in FY’2015. The dominance of the unorganized segment in spices market in India can be attributed to the presence of huge number of local players selling open and unbranded products in the market. However, the spices market in India is comprised of large companies such as Everest, MDH, MTR, Ramdev, Catch spices and Spice Board of India which posses a large product portfolio of Spices products. The India spice market revenues have grown at a CAGR of ~% from 2010-2015.
According to the research report, the India spice market will grow at a considerable CAGR rate thus exceeding USD 18 billion by 2020 due to the increasing proportion working class population and rising number of spice parks.

“While rising disposable incomes, boom in infant population and an increase in the preferences will result in increased spending on spices products in the India, volatility in global spices product prices and quality are few of the major challenges which will affect the growth of this industry in the future”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:
Spice Market
- Market Size by Production, Consumption and Revenue
- Market Segmentation by
o Organized/Unorganized
o Regional Production
o Organic and Inorganic Spices
o Urban and Rural Consumption
o Type of Spices
- External Trade Scenario of Spices
- Snapshot on Spice Mix Market
- Trends and Development
- SWOT
- Investment Model
- Competition and Market Share
- Growth Drivers
- Future Outlook
- Macro Economic Parameters

Key Products Mentioned in the Report
Chillies
Ginger
Turmeric
Garlic
Coriander
Cumin
Tamarind
Fennel
Fenugreek
Pepper
Cardamom
Ajwain
Cinnamon
Clove

Companies Covered in the Report
Everest
MDH
MTR
Catch Salt and Spices
Ramdev Spices

Keywords/ Tags:
India Spice Market Development
Trends and Development Spice Miixes India
India Turmeric Market Outlook
India Coriander Industry Growth
India Spice Market Production
Revenue Spice Manufacturer
Export Spice India
India Spice Park Market
Future Prospect India Spice
Everest Market Share India Spice
Competition MDH MTR Foods
Spice Market Competition
Segment Analysis India Spice
Developments India Chillies Market
Garlic Prospects Market India
State wise Production Spice
Area Under Spice Cultivation India
Organic Inorganic Spice Market
Consumption Spice India
Organized Player Spice Market
Setup a Spice Park
Spice Processing Plants India

Related Reports:
India Protected Cultivation Industry Outlook to 2017 - Government Initiatives Paving the Way for Future Growth
Tanzania Spice Industry Outlook to 2018 - Driven by Local Association Endeavors and Organic Farming
India Organic Food and Beverages Outlook to 2019 - Growing Potential of Online Retailers to Steer Growth

Source: https://www.kenresearch.com/agriculture-food-beverages/food-industry-research-reports/india-spice-spice-mix-market-research-report/653-104.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
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