(Food-Beverage-News.Com, September 28, 2017 ) Albany, New York, September 27, 2017: To Understand the Food Industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “Assessment of the India’s Spices Market Report 2017, to its vast database. The Indian spices market is worth INR 40,000 crore annually. Key spices produced in the country include pepper, cardamom, chili, 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 2017highlights key dynamics of Indias spice market. The growing opportunity in the sector has been investigated along with the market drivers. The initiatives and performance of key players Everest Spices, MDH, Eastern Condiments, DS Group Catch, MTR along with the current market scenario has also been studied. The report contains latest industry leaders opinion.
Table of Content: 1. Analyst Opinion 2. Global Spice Market 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 Continue…..
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of food market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps. MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
