·
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.
 |
| India Spice 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
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
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
