India Organic Spices Market Valued at $ 200 Million
Increasing health awareness has led to strong changes in
customer tastes and preferences that have contributed to a rise in domestic
demand for organic spices
According to TechSci Research report, “India Organic Spices Market By
Type, By Form, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, FY2026”,
India Organic Spices market stood at an estimated $ 200 million in FY 2020 and is
projected to grow at a steady CAGR of 11% during until FY 2026. Organic spices
are majorly cultivated through organic farming practices, without the use of
pesticides and fertilizers. The popularity of ethnic and exotic food is one of
the major factors responsible for the growth of organic spices in India.
Additionally,
rising consumption of convenience food coupled with introduction of new flavors
in convenience food are some other growth factors. Moreover, consumers across
the country are getting inclined towards the use of natural and organic
ingredients in their diets. Thus, surging demand for organic spices over
conventional spices as part of healthy diet among the health-conscious
population, is expected to drive the growth of organic spices market across the
country. Additionally, central as well as state governments and NGOs in the
country are promoting organic farming among farmers by providing them with financial
support and technical assistance for practicing organic farming. This is
anticipated to aid the growth of organic spices market in the country during
the forecast period. However, comparatively higher prices of organic spices
might hamper the growth of the market in the coming years.
Browse over 33 market data Figures spread through 110 Pages and an
in-depth TOC on"India Organic Spices Market"
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India Organic Spices market is classified
based on By Type, By Form, By Distribution Channel, and By Region. Based on
Type, market is segmented into Basil, Garlic, Ginger, Turmeric, Cumin,
Cinnamon, Chilli, Clove, Cardamom and Others. Among these, Turmeric dominated
the market and the trend is expected to continue until 2025 as Turmeric is rich
in antioxidants and helps in fighting diseases such as cancer, Alzheimer’s, and
joint inflammation.
Based on form, the market is divided into
whole, powdered, seeds, minced and others. Powdered segment is expected to
dominate the market during the forecast period due to its easy availability
also it being ready to cook and helping in saving overall cooking time. High
demand of ready-to-use products, due to rise in busy/hectic lifestyle is likely
to further propel the demand for powdered spices. Whole spices segment is also
expected to grow during the forecast period. This segment includes raw and
unprocessed stems such as turmeric, ginger roots, cumin seeds, black pepper,
and many others. The growth of this segment is attributed to the rising
awareness concerning the health benefits of using various spices in raw form.
For instance, usage of black pepper in raw form helps to ease digestive issues
also improves the immune system.
Based on Distribution Channel, the market is
segmented into Hypermarket/Supermarket, Grocery Stores/Convenience Stores,
Online and Others. Customer preference to buy spices from Supermarkets/Hypermarkets
drives the category. The easy availability of goods is expected to help the
segment continue its dominance over the forecast period. Emerging online
delivery players like Grofers and Big Basket are providing doorstep delivery of
groceries including spices. This factor will be expected to open new growth
opportunities for the online distribution segment in the coming years.
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Major players operating in India Organic
Spices market include Geo Fresh Organic, Carmel Organics, Live Organics, PDS
Organic Spices, Pro Nature Organic Foods Pvt Ltd, McCormick India, Earthen
Delight Agro Products Pvt. Ltd, Simply Organic, West India Spices Inc.,
Starwest Botanicals, The Spice Hunter, Yogi Botanicals, The Spice House, among others.
“Rising availability of organic spices across India is expected to drive sales
in the coming years. Moreover, with
increasing awareness about the benefits of organic consumers among consumers,
the country’s organic spices market is forecast to grow at a healthy pace over
the course of next five years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Organic Spices Market By Type, By Form,
By Distribution Channel, By Region, Competition, Forecast & Opportunities,
FY2026” has evaluated the future growth potential of India
Organic Spices market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Organic Spices market.
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