Indian Spice Industry Investment Landscape
Packaged spices market - growth projections
970.5 m n
Overview of Indian Packaged Spice industry
Indian packaged spices market
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The Indian packaged spices market is worth 400 bn (US$ 5.3 bn)
crore annually.
The branded & packaged market makes up about 15% of the
packaged/ blended spices market, around 6,6 bn (US$ 880 mn).
The packaged market is growing at about 5% annually, however the
growth rate in the branded spices segment is much faster at about 8%.
Most of the brands are built over the last 2-3 decades.
8% CAGR
880 mn
2019-2020
2024-2025 E
US$ mn
Packaged spices market - landscape
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The market is highly unorganized, dominated by regional players
having significant marketshare.
The segment has witnessed the growth of replacement spices
market and the demand shifting from loose packing to packaged
spices to avoid adulteration.
The packaged market is scattered, with every region having its own
market leader.
Packaged spices - market share
85%
40,000 Cr Market
15%
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Packaged spices market consists of regional as well as branded
players who have been a part of the market for 3-4 decades.
AL CONSULTING
Unorganized/Regional Players
INR 335 bn
(US$ 4.46 bn)
Branded Players
INR 66 bn
(US$ 880 m n)
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