India spices powder and blended spices market is expected to grow at an impressive rate during the forecast period. Major reason for spices powder and blended spices market growth in India is that India has the largest foodie population in the world, which is largely inclined towards spicy and tasty food. Besides this, increased consumption of packaged foods and rising disposable income are factors for market growth. Increasing working population with limited time for cooking has increased the demand for convenience foods, ultimately increasing the demand for packaged spice products. There are several benefits of buying packaged spices compared to lose spices as there are less chances of contamination and assurance of highest quality. Additionally, with the growing consumer preference towards convenience and high-quality products, the demand for branded and packaged spice products is expected to increase across the country.
India spices powder and blended spices market is segmented based on product type, type, distribution channel and region. Based on product type, the market is categorized into kitchen king & sabji masala, garam masala, non-veg masala, chole & channa masala, sambhar & rasham masala, pavbhaji masala, tea masala, biryani/pulao masala, jaljeera masala, and others. Among these, kitchen king & sabji masala held the dominant share in 2019 and the trend is forecast to continue through 2025. This is due to the reason that it is used by every household consumer on a daily basis. Based on type, the market is segregated into organic, and inorganic, out of which, organic segment held the largest market share in 2019 owing to the fact that these products are free from pesticides and are have natural ingredients, which is further driving the demand for these products. Based on distribution channel, the market is divided into hypermarket/supermarket, grocery store/convenience store, online and others. Out of these, hypermarket/supermarket segment is expected to account for the largest market share during the forecast period as hypermarkets and supermarkets offer variety of products and brands for the customers to choose from. Moreover, they offer products at competitive prices in comparison to convenience stores. However, emergence of online grocery applications is anticipated to positively influence the market share of online distribution channels and therefore, the segment is expected to witness significant growth over the coming years.
Major players operating in the India spices powder and blended spices market include Aachi Spices & Foods Private Limited, DS SPICSCO Private Limited, Jhaveri Industries, Mahashian Di Hatti Private Limited, MTR Foods Pvt. Ltd., Munimji Foods & Spices Pvt. Ltd., Patanjali Ayurved Limited, Pravin Foods Pvt. Ltd., Ramdev Foods Products Private Limited, S Narendrakumar & Co., TATA Chemicals Limited, Vasant Masala Private Limited. Spices powder and blended spices is a highly fragmented market with presence of both domestic and international players. Many spice products manufacturers are working on increasing brand recognition among consumers. For example, India-based MDH promotes its spice products based on the origin of raw material.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
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Objective of the Study:
- To analyze and estimate the market size of India spices powder and blended spices market from 2015 to 2018.
- To estimate and forecast the market size of India spices powder and blended spices market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast India spices powder and blended spices market based on product type, type, distribution channel, company, and regional distribution.
- To identify dominant region or segment in the India spices powder and blended spices market.
- To identify drivers and challenges for India spices powder and blended spices market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India spices powder and blended spices market.
- To identify and analyze the profile of leading players operating in India spices powder and blended spices market.
- To identify key sustainable strategies adopted by market players in India spices powder and blended spices market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India spices powder and blended spices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Spices powder and blended spices manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to spices powder and blended spices
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India spices powder and blended spices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Spices Powder and Blended Spices Market, By Product Type:
- Kitchen King & Sabji Masala
- Garam Masala
- Non-Veg Masala
- Chole & Channa Masala
- Sambhar & Rasham Masala
- Pavbhaji Masala
- Tea Masala
- Biryani/Pulao Masala
- Jaljeera Masala
India Spices Powder and Blended Spices Market, By Type:
India Spices Powder and Blended Spices Market, By Distribution Channel:
- Grocery Store/Convenience Store
India Spices Powder and Blended Spices Market, By Region:
Company Profiles: Detailed analysis of the major companies present in India spices powder and blended spices market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).