India seasoning market is expected
to grow at a steady CAGR in the forecast period, FY2023-FY2027. The growing
affordability of the consumers due to the rise in the disposable income of the
consumers is the driving factor for the growth of the seasoning market in the
next five years. The rapid urbanization of people in search of better job
opportunities and improved living standards is aiding to raise the awareness of
the consumers about the use of seasoning in the food items is expected to
influence the growth of the seasoning market. The change in preference of the
consumers to shift from purchasing loose packaging to packaged seasoning
packaging is expected to create lucrative opportunities for the growth of the
seasoning market. The rise in the population and the presence of a large pool
of consumers consuming a different variety of food items and beverages requires
the use of seasoning to enhance the flavors of the food items. The surge in the
demand for authentic flavors and the innovative recipe ideas using a plethora
of spices and seasonings are expected to influence the market growth.
India seasoning market is
segmented into product type, distribution channel, regional distribution, and
company. Based on the distribution channel, the market can be divided into
hypermarket/supermarket, convenience store, traditional stores, and online
channels. The hypermarket/supermarket segment is expected to witness growth in
the forecast period, FY2023-FY2027 owing to the increase in the preference of
the consumers to visit these markets to buy a variety of goods at the same
time. An increase in disposable income and the availability of attractive
discounts and offers at these shopping centers are expected to contribute to
the market growth.
The major players operating in the
India seasoning market are Tata Chemicals Ltd, Nirma
Limited, ITC Limited, Marico Limited, Saboo Sodium Chloro Ltd, DS Group, Everest
Food Products Pvt. Ltd., Keya Foods International Private Limited, MDH Pvt. Ltd.,
Patanjali Ayurved Limited, Gajanand Foods Pvt. Ltd., and others. Major
companies are developing advanced technologies and launching new services to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
Study:
- To analyze the historical growth of the market
size of India seasoning market from FY2017 to FY2020.
- To estimate and forecast the market size of India
seasoning market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India seasoning market
based on product type, distribution channel, regional distribution, and
company.
- To identify dominant region or segment in the India
seasoning market
- To identify drivers and challenges for India seasoning
market
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
seasoning market.
- To identify and analyze the profile of leading
players operating in India seasoning market.
- To identify key sustainable strategies adopted
by market players in India seasoning market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of India seasoning market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Seasoning manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to seasoning market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, India seasoning market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
India Seasoning Market, By Product
Type:
- Salt
- Pepper
- Sugar and light flavoured sweeteners
- Acids
- Others
- India Seasoning Market, By Distribution Channel:
- Hypermarket/Supermarket
- Convenience
Store
- Traditional
stores
- Online
Channels
- India Seasoning Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India seasoning market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India seasoning market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]