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A Study of India's Spices Market 2017

A Study of India's Spices Market 2017

Executive Summary

The Indian spices market is worth INR 40,000 crore annually. Key spices produced in the country include pepper, cardamom, chilli, ginger, turmeric, coriander, cumin, celery, fennel, fenugreek, ajwain, dill seed, garlic, tamarind, clove, and nutmeg among others.
The market is largely unorganized and the branded segment makes up about 15%. The branded market is dominated by players such as MTR, Badshaah, Catch, Everest, Ramdev etc. Recently, Tata Chemicals has launched its spices brand Tata Sampann Spices.
India exports close to 52 different spices. Spices exports from India grew to USD 626.8 million during the first quarter of 2015-16 as compared to approximately USD 511.2 million in the same period last year. India exported 215,215 tonnes of spices during the first quarter of FY16 as compared with 213,443 tonnes in the same period last year.

The Indian spices market is projected to reach approximately USD 18 billion by 2020 with growth in the sector is expected to be led by branded spices and spice mixes. The Indian government is aggressively promoting spice exports through various initiatives such as setting up of spice parks. Spice Parks offer common processing facilities to both producers and exporters.
Why should the report be purchased?

The report ‘A Study of India's Spices Market 2017’highlights key dynamics ofIndia’s spice market. The growing opportunity in the sector has been investigated along with the market drivers.The initiatives and performance of key playersEverest Spices, MDH, Eastern Condiments, DS Group – Catch, MTRalong withthe current market scenario has also been studied. The report contains latest industry leader’s opinion.
Research methodology and delivery time

Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.

The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available. The dispatch time for hard copies 4 business days, as each hard copy is custom printed for the client

About Smart Research Insights (SRI)

SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research, we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.


1. Analyst Opinion
2. Global SpiceMarket
2.1 Overview
2.2 Market Performance& Statistics
2.3 Industry Speak
3. India Spice Market
3.1 Overview
3.2 Market Performance &Statistics
3.2.1 Exports
3.2.2 Imports
3.2.3 Pepper
3.2.4 Chilli
3.2.5 Turmeric
3.3 Market Drivers
3.4 Challenges
3.5 Industry Outlook
3.6 Industry Speak
4. Competitive Landscape
4.1 Everest Spices
4.2 MDH
4.3 Eastern Condiments
4.4 DS Group - Catch
4.5 MTR
5. List of Charts and Graphs
5.1 India Total Production of Spices in India (2008-09 to 2014-15, 1,000 metric tons)
5.2 Export Value of Spices in India (2010-11 to 2015-16, billion Indian rupees)
5.3 India Key Spices Export (Tonnes, FY 2014-15)
5.4 Estimated Export of Spices From India (April – September 2015 Tonnes)
5.5 India Key Spices Import (Tonnes, FY 2013-14)
5.6 Chilli Export from India (Tonnes, 2006-2015)
5.7 Pepper Export from India (Tonnes, 2006-2015)
6. Research Methodology
7. About Smart Research Insights

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