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Blended Spices Market in India 2024-2028

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    Report

  • 134 Pages
  • December 2024
  • Region: India
  • TechNavio
  • ID: 5529258
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The blended spices market in india is forecasted to grow by USD 855.8 million during 2023-2028, accelerating at a CAGR of 13.8% during the forecast period. The report on the blended spices market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness about health benefits of blended spices, growing demand for authentic blended spices, and omnichannel distribution of grocery products.

The blended spices market in india is segmented as below:

By Distribution Channel

  • Supermarket
  • Convenience store
  • Online

By Type

  • Garam masala
  • Non-veg masala
  • Chole and channa masala
  • Others

By Geographical Landscape

  • APAC
This study identifies the increasing prominence of private-label brands as one of the prime reasons driving the blended spices market in india growth during the next few years. Also, region-specific blended spices and growing emphasis on packaging innovations will lead to sizable demand in the market.

The report on the blended spices market in india covers the following areas:

  • Blended Spices Market in India sizing
  • Blended Spices Market in India forecast
  • Blended Spices Market in India industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blended spices market in india vendors that include Aachi Group, Empire Spices and Foods Ltd., Everest Spices, Gajanand Foods Pvt. Ltd., Great Value Foods LLP, ITC Ltd., JK SPICES AND FOOD PRODUCTS, Mahashian Di Hatti Pvt. Ltd., MTR Foods Pvt. Ltd., Patanjali Ayurved Ltd., Pushp Brand (India) Pvt. Ltd., Ramdev Food Products Pvt. Ltd., Suhana, Suruchi International Pvt. Ltd, Tata Consumer Products Ltd., and VLC Spices. Also, the blended spices market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India: Year-over-year growth 2023-2028 (%)
Data Table on India: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Blended Spices Market in India 2018 - 2022
Historic Market Size - Data Table on Blended Spices Market in India 2018 - 2022 ($ million)
5.2 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 The AI impact on Blended Spices Market in India
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Distribution Channel
8.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
8.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
8.3 Supermarket - Market size and forecast 2023-2028
Chart on Supermarket - Market size and forecast 2023-2028 ($ million)
Data Table on Supermarket - Market size and forecast 2023-2028 ($ million)
Chart on Supermarket - Year-over-year growth 2023-2028 (%)
Data Table on Supermarket - Year-over-year growth 2023-2028 (%)
8.4 Convenience store - Market size and forecast 2023-2028
Chart on Convenience store - Market size and forecast 2023-2028 ($ million)
Data Table on Convenience store - Market size and forecast 2023-2028 ($ million)
Chart on Convenience store - Year-over-year growth 2023-2028 (%)
Data Table on Convenience store - Year-over-year growth 2023-2028 (%)
8.5 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ million)
Data Table on Online - Market size and forecast 2023-2028 ($ million)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ million)
Data Table on Market opportunity by Distribution Channel ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Garam masala - Market size and forecast 2023-2028
Chart on Garam masala - Market size and forecast 2023-2028 ($ million)
Data Table on Garam masala - Market size and forecast 2023-2028 ($ million)
Chart on Garam masala - Year-over-year growth 2023-2028 (%)
Data Table on Garam masala - Year-over-year growth 2023-2028 (%)
9.4 Non-veg masala - Market size and forecast 2023-2028
Chart on Non-veg masala - Market size and forecast 2023-2028 ($ million)
Data Table on Non-veg masala - Market size and forecast 2023-2028 ($ million)
Chart on Non-veg masala - Year-over-year growth 2023-2028 (%)
Data Table on Non-veg masala - Year-over-year growth 2023-2028 (%)
9.5 Chole and channa masala - Market size and forecast 2023-2028
Chart on Chole and channa masala - Market size and forecast 2023-2028 ($ million)
Data Table on Chole and channa masala - Market size and forecast 2023-2028 ($ million)
Chart on Chole and channa masala - Year-over-year growth 2023-2028 (%)
Data Table on Chole and channa masala - Year-over-year growth 2023-2028 (%)
9.6 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
9.7 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Aachi Group
Aachi Group - Overview
Aachi Group - Product / Service
Aachi Group - Key news
Aachi Group - Key offerings
SWOT
13.5 Everest Spices
Everest Spices - Overview
Everest Spices - Product / Service
Everest Spices - Key offerings
SWOT
13.6 ITC Ltd.
ITC Ltd. - Overview
ITC Ltd. - Business segments
ITC Ltd. - Key news
ITC Ltd. - Key offerings
ITC Ltd. - Segment focus
SWOT
13.7 Mahashian Di Hatti Pvt. Ltd.
Mahashian Di Hatti Pvt. Ltd. - Overview
Mahashian Di Hatti Pvt. Ltd. - Product / Service
Mahashian Di Hatti Pvt. Ltd. - Key offerings
SWOT
13.8 MTR Foods Pvt. Ltd.
MTR Foods Pvt. Ltd. - Overview
MTR Foods Pvt. Ltd. - Product / Service
MTR Foods Pvt. Ltd. - Key offerings
SWOT
13.9 Patanjali Ayurved Ltd.
Patanjali Ayurved Ltd. - Overview
Patanjali Ayurved Ltd. - Product / Service
Patanjali Ayurved Ltd. - Key offerings
SWOT
13.10 Pushp Brand (India) Pvt. Ltd.
Pushp Brand (India) Pvt. Ltd. - Overview
Pushp Brand (India) Pvt. Ltd. - Product / Service
Pushp Brand (India) Pvt. Ltd. - Key offerings
SWOT
13.11 Ramdev Food Products Pvt. Ltd.
Ramdev Food Products Pvt. Ltd. - Overview
Ramdev Food Products Pvt. Ltd. - Product / Service
Ramdev Food Products Pvt. Ltd. - Key offerings
SWOT
13.12 Suhana
Suhana - Overview
Suhana - Product / Service
Suhana - Key offerings
SWOT
13.13 Tata Consumer Products Ltd.
Tata Consumer Products Ltd. - Overview
Tata Consumer Products Ltd. - Business segments
Tata Consumer Products Ltd. - Key news
Tata Consumer Products Ltd. - Key offerings
Tata Consumer Products Ltd. - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2023 and 2028
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value Chain Analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 18: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 19: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibits 20: Data Table on India: Year-over-year growth 2023-2028 (%)
Exhibits 21: Historic Market Size - Data Table on Blended Spices Market in India 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 23: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2023 and 2028
Exhibits 25: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 30: Chart on Market condition - Five forces 2023 and 2028
Exhibits 31: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 32: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 33: Chart on Comparison by Distribution Channel
Exhibits 34: Data Table on Comparison by Distribution Channel
Exhibits 35: Chart on Supermarket - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Supermarket - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Supermarket - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Supermarket - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Convenience store - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Convenience store - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Convenience store - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Convenience store - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 47: Market opportunity by Distribution Channel ($ million)
Exhibits 48: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 49: Chart on Type - Market share 2023-2028 (%)
Exhibits 50: Data Table on Type - Market share 2023-2028 (%)
Exhibits 51: Chart on Comparison by Type
Exhibits 52: Data Table on Comparison by Type
Exhibits 53: Chart on Garam masala - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Garam masala - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Garam masala - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Garam masala - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Non-veg masala - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Non-veg masala - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Non-veg masala - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Non-veg masala - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Chole and channa masala - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Chole and channa masala - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Chole and channa masala - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Chole and channa masala - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 69: Market opportunity by Type ($ million)
Exhibits 70: Data Table on Market opportunity by Type ($ million)
Exhibits 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 72: Impact of drivers and challenges in 2023 and 2028
Exhibits 73: Overview on criticality of inputs and factors of differentiation
Exhibits 74: Overview on factors of disruption
Exhibits 75: Impact of key risks on business
Exhibits 76: Companies covered
Exhibits 77: Company ranking index
Exhibits 78: Matrix on companies position and classification
Exhibits 79: Aachi Group - Overview
Exhibits 80: Aachi Group - Product / Service
Exhibits 81: Aachi Group - Key news
Exhibits 82: Aachi Group - Key offerings
Exhibits 83: SWOT
Exhibits 84: Everest Spices - Overview
Exhibits 85: Everest Spices - Product / Service
Exhibits 86: Everest Spices - Key offerings
Exhibits 87: SWOT
Exhibits 88: ITC Ltd. - Overview
Exhibits 89: ITC Ltd. - Business segments
Exhibits 90: ITC Ltd. - Key news
Exhibits 91: ITC Ltd. - Key offerings
Exhibits 92: ITC Ltd. - Segment focus
Exhibits 93: SWOT
Exhibits 94: Mahashian Di Hatti Pvt. Ltd. - Overview
Exhibits 95: Mahashian Di Hatti Pvt. Ltd. - Product / Service
Exhibits 96: Mahashian Di Hatti Pvt. Ltd. - Key offerings
Exhibits 97: SWOT
Exhibits 98: MTR Foods Pvt. Ltd. - Overview
Exhibits 99: MTR Foods Pvt. Ltd. - Product / Service
Exhibits 100: MTR Foods Pvt. Ltd. - Key offerings
Exhibits 101: SWOT
Exhibits 102: Patanjali Ayurved Ltd. - Overview
Exhibits 103: Patanjali Ayurved Ltd. - Product / Service
Exhibits 104: Patanjali Ayurved Ltd. - Key offerings
Exhibits 105: SWOT
Exhibits 106: Pushp Brand (India) Pvt. Ltd. - Overview
Exhibits 107: Pushp Brand (India) Pvt. Ltd. - Product / Service
Exhibits 108: Pushp Brand (India) Pvt. Ltd. - Key offerings
Exhibits 109: SWOT
Exhibits 110: Ramdev Food Products Pvt. Ltd. - Overview
Exhibits 111: Ramdev Food Products Pvt. Ltd. - Product / Service
Exhibits 112: Ramdev Food Products Pvt. Ltd. - Key offerings
Exhibits 113: SWOT
Exhibits 114: Suhana - Overview
Exhibits 115: Suhana - Product / Service
Exhibits 116: Suhana - Key offerings
Exhibits 117: SWOT
Exhibits 118: Tata Consumer Products Ltd. - Overview
Exhibits 119: Tata Consumer Products Ltd. - Business segments
Exhibits 120: Tata Consumer Products Ltd. - Key news
Exhibits 121: Tata Consumer Products Ltd. - Key offerings
Exhibits 122: Tata Consumer Products Ltd. - Segment focus
Exhibits 123: SWOT
Exhibits 124: Inclusions checklist
Exhibits 125: Exclusions checklist
Exhibits 126: Currency conversion rates for US$
Exhibits 127: Research methodology
Exhibits 128: Information sources
Exhibits 129: Data validation
Exhibits 130: Validation techniques employed for market sizing
Exhibits 131: Data synthesis
Exhibits 132: 360 degree market analysis
Exhibits 133: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the blended spices market in india: Aachi Group, Empire Spices and Foods Ltd., Everest Spices, Gajanand Foods Pvt. Ltd., Great Value Foods LLP, ITC Ltd., JK SPICES AND FOOD PRODUCTS, Mahashian Di Hatti Pvt. Ltd., MTR Foods Pvt. Ltd., Patanjali Ayurved Ltd., Pushp Brand (India) Pvt. Ltd., Ramdev Food Products Pvt. Ltd., Suhana, Suruchi International Pvt. Ltd, Tata Consumer Products Ltd., and VLC Spices.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing prominence of private-label brands."

According to the report, one of the major drivers for this market is the rising awareness about health benefits of blended spices.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Aachi Group
  • Empire Spices and Foods Ltd.
  • Everest Spices
  • Gajanand Foods Pvt. Ltd.
  • Great Value Foods LLP
  • ITC Ltd.
  • JK SPICES AND FOOD PRODUCTS
  • Mahashian Di Hatti Pvt. Ltd.
  • MTR Foods Pvt. Ltd.
  • Patanjali Ayurved Ltd.
  • Pushp Brand (India) Pvt. Ltd.
  • Ramdev Food Products Pvt. Ltd.
  • Suhana
  • Suruchi International Pvt. Ltd
  • Tata Consumer Products Ltd.
  • VLC Spices