印度香料行业报告：增长驱动因素、政府举措与市场前景

INR 7.8 BILLIONINR 7.8 BILLION Contents Executive SummaryGlobal Spices Industry: OverviewIndian Spices Industry: OverviewDifferent Types of Spices Grown in IndiaGrowth Drivers of Spices Industry in IndiaGovernment Initiatives to promote SpicesSpices Value ChainCosts Involved in Spices IndustryPorter’s Five Force AnalysisCultural Significance of Spices in IndiaContamination in Spices: A Case StudyMarket Players in India's Spices IndustryRole of Spices in Rural DevelopementValue Added Products from SpicesChallenges and OpportunitiesConclusion1.2.3.4.5.6.7.8.9.10.11.12.13.14.15.16.34610111315182021232628333638ReadOn InsightsReadOn Insights Executive Summary Today, we are diving deep into the INR 7.8 billion Indianspices industry, which is growing at a steady CAGR of 8.11%.Spices are an integral part of Indian cuisine and culture—whether it's adding depth to curries, enhancing flavors, oreven being used for their medicinal properties in traditionalAyurveda.Today, spices are not just about taste; they aresymbols of India’s rich culinary heritage and growingpreference for natural, immunity-boosting ingredients. Fueled by increasing global demand for organic andpremium-quality spices, rising health consciousness, andthe popularity of Indian cuisine worldwide, brands arecapitalizing on this by offering value-added products suchas ready-to-use spice blends, organic varieties, andpremium packaged options catering to both domestic andinternational markets.ReadOn InsightsReadOn Insights India dominates global spice production, with states likeKerala, Karnataka, and Rajasthan leading the way. DespiteIndia being the world's largest producer and exporter ofspices, challenges such as fragmented supply chains,adulteration concerns, and fluctuating raw material pricespersist. However, these challenges pave the way foropportunities in sustainable farming and expanding intoemerging markets where the demand for authentic Indianflavors and natural health products is on the rise. Global Spices Industry: Overview Spices, such as turmeric, cumin, black pepper, are widelyused in global cuisines, with India being a leadingproducer. Derived from various plant parts, spices arevalued for their rich flavors and health benefits. They play avital role in enhancing food taste and supporting wellness. Global Spices Market $164.19 Bn2024 Top Producers of Spices (2021)ReadOn Insights CHINA1,259,634tonnes INDIA7,771,730tonnes Exports of the Hottest Spices Across the Globe (2023) Global Spices Industry: Overview Top Exporters of Spices, in million USD (2022) Indian Spices Industry: Overview India produces a diverse range of spices, including pepper,cardamom (both small and large), chilli, ginger, turmeric,coriander, cumin, celery, fenugreek, garlic, tamarind, cloves,and nutmeg. Of these, chilli, cumin, coriander, turmeric, andginger make up 75% of the country’s total spice production. CAGR: 8.11 % $7.80 Bn2024 $15.74 Bn2032 Chilli- 37%ReadOn Insights Cumin- 17% contribution to totalspice production contribution to totalspice production Ginger- 8% Turmeric- 10% contribution to totalspice production contribution to totalspice production India’s Spice Production, in million tonnes Indian Spices Industry: Overview Value of Spices Exported from India (in billion INR, FY23) Despite the COVID-19 pandemic, export of spices from Indiacontinued its upward trend during 2020-21 driven by healthbenefits and immunity boosting properties and a rise in homecooking. However, as the pandemic's impact lessened andglobal supply chains normalized, this surge in demand subsided,leading to a decrease in spice exports post-pandemic. Indian Spices Industry: Overview Export Value of Spices from India in 2023-24 (in Rs Crores) Madhya Pradesh is a leading producer of spices in India due to itsfavorable agro-climatic conditions, large agricultural land,government support, improved irrigation facilities, increased farmerawareness, and the presence of processing and export hubs. Retail Outlook in the Spice Industry Market share (in %) of retail spice companies in India infinancial year 2022Everest Growth Drivers of Spices Industry in India Growing demand for blended spices The growing demand for blended spices is driving the Indianspice market. These spice mixes offer consumers convenience,consistency, and enhanced flavors. Brands like Tata Sampannintroduced new blends in 2023, including Puliyogare, Malabarchicken, and Sambar masala in Karnataka. This trend caters tobusy consumers and encourages manufacturers to innovate. Growing demand for natural and organic spices The growing demand for natural spices, driven by health-conscious consumers, is a major growth factor in India's spicemarket. 62% 95% of metropolitan buyerschoosing organic products*ReadOn Insights in organic purchases in cities Natural spices, seen as healthier due to their lack of artificialadditives, are prompting producers to focus on purity andauthenticity, b