India Spices Market Size & Outlook, 2019-2027
India spices market, 2016-2027 (US$M)
Related Markets
India spices market highlights
- The India spices market generated a revenue of USD 923.7 million in 2019 and is expected to reach USD 1,538.1 million by 2027.
- The India market is expected to grow at a CAGR of 6.6% from 2020 to 2027.
- In terms of segment, turmeric was the largest revenue generating product in 2019.
- Turmeric is the most lucrative product segment registering the fastest growth during the forecast period.
Spices market data book summary
| Market revenue in 2019 | USD 923.7 million |
| Market revenue in 2027 | USD 1,538.1 million |
| Growth rate | 6.6% (CAGR from 2019 to 2027) |
| Largest segment | Turmeric |
| Fastest growing segment | Turmeric |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pepper, Ginger, Cinnamon, Cumin, Turmeric, Cardamom, Coriander, Cloves |
| Key market players worldwide | Ajinomoto Co Inc, Associated British Foods PLC, Kerry Group PLC Class A, DS Smith PLC, McCormick & Co Inc, Bart Ingredients, Everest Global, DohlerGroup |
Other key industry trends
- In terms of revenue, India accounted for 15.8% of the global spices market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, India spices market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 914.3 million by 2027.
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Spices Market Scope
Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India spices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spices market will help companies and investors design strategic landscapes.
Turmeric was the largest segment with a revenue share of 22.6% in 2019. Horizon Databook has segmented the India spices market based on pepper, ginger, cinnamon, cumin, turmeric, cardamom, coriander, cloves covering the revenue growth of each sub-segment from 2016 to 2027.
- India Spices Product Outlook (Revenue, USD Million, 2016-2027)
- Pepper
- Ginger
- Cinnamon
- Cumin
- Turmeric
- Cardamom
- Coriander
- Cloves
- Others
- India Spices Form Outlook (Revenue, USD Million, 2016-2027)
- Powder
- Whole
- Chopped/Crushed
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Target buyers of India spices market databook
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Our clientele includes a mix of spices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India spices market, including forecasts for subscribers. This country databook contains high-level insights into India spices market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
India spices market size, by product, 2016-2027 (US$M)
India Spices Market Share, 2019 & 2027 (US$M)
Related regional statistics
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