India Seasoning & Spices Market Size & Outlook, 2024-2030
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India seasoning & spices market highlights
- The India seasoning & spices market generated a revenue of USD 4,635.7 million in 2024 and is expected to reach USD 6,497.2 million by 2030.
- The India market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
- In terms of segment, spices was the largest revenue generating product in 2024.
- Salt & Salts Substitutes is the most lucrative product segment registering the fastest growth during the forecast period.
Seasoning & spices market data book summary
| Market revenue in 2024 | USD 4,635.7 million |
| Market revenue in 2030 | USD 6,497.2 million |
| Growth rate | 5.8% (CAGR from 2025 to 2030) |
| Largest segment | Spices |
| Fastest growing segment | Salt & Salts Substitutes |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spices, Herbs, Salt & Salts Substitutes |
| Key market players worldwide | Ajinomoto Co Inc, Sensient Technologies Corp, Associated British Foods PLC, Kerry Group PLC Class A, McCormick & Co Inc, DohlerGroup, DS Group, Everest Spices, Bart Ingredients |
Other key industry trends
- In terms of revenue, India accounted for 20.1% of the global seasoning & spices market in 2024.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India seasoning & spices market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 276.1 million by 2030.
India, the land of tantalizing flavors and aromatic cuisine, is a powerhouse in the global spice industry. The country holds the title of 'Spice Capital of the World', boasting a diverse range of spices that have captivated palates and fueled culinary traditions for millennia. Younger generations are embracing global cuisines and experimenting with diverse flavors, driving the demand for a wider range of spices.
Moreover, prominent local Indian manufacturers are focused on establishing global spice processing facilities to contribute to the domestic economy by sourcing raw materials locally and utilizing existing infrastructure. In November 2022, ITC Limited, a leading Indian conglomerate, unveiled a cutting-edge spices plant in Andhra Pradesh, India.
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Publish Date: Dec 09, 2024
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Seasoning & Spices Market Scope
Seasoning Spices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Associated British Foods PLC | View profile | 133,000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | www.abf.co.uk |
| Sensient Technologies Corp | View profile | 3,956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | www.sensient.com |
| Kerry Group PLC Class A | View profile | 21,000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | www.kerry.com |
| McCormick & Co Inc | View profile | 13,800 | 24 Schilling Road, Suite 1, Hunt Valley, MD, United States, 21031 | www.mccormickcorporation.com |
| Ajinomoto Co Inc | View profile | 43,318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | www.ajinomoto.co.jp |
| Everest Spices | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | www.everestfoods.com/ |
| DS Group | View profile | 1001-5000 | Noida, Uttar Pradesh, India, Asia | www.dsgroup.com/ |
| DohlerGroup | View profile | 5001-10000 | Darmstadt, Hessen, Germany, Europe | www.doehler.com/ |
| Bart Ingredients | View profile | 251-500 | Bristol, Bristol, City of, United Kingdom, Europe | bart-ingredients.co.uk/ |
India Seasoning & Spices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Seasoning & Spices Market Outlook will help companies and investors design strategic landscapes.
Spices was the largest segment with a revenue share of 63.56% in 2024.
Horizon Databook has segmented the India seasoning & spices market based on spices, herbs, salt & salts substitutes covering the revenue growth of each sub-segment from 2018 to 2030.
India, the land of tantalizing flavors and aromatic cuisine, is a powerhouse in the global spice industry. The country holds the title of 'Spice Capital of the World', boasting a diverse range of spices that have captivated palates and fueled culinary traditions for millennia. Younger generations are embracing global cuisines and experimenting with diverse flavors, driving the demand for a wider range of spices.
Moreover, prominent local Indian manufacturers are focused on establishing global spice processing facilities to contribute to the domestic economy by sourcing raw materials locally and utilizing existing infrastructure. In November 2022, ITC Limited, a leading Indian conglomerate, unveiled a cutting-edge spices plant in Andhra Pradesh, India.
- India Seasoning & Spices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Spices
- Herbs
- Salt & Salts Substitutes
- India Seasoning & Spices Market Brand Outlook (Revenue, USD Million , 2018-2030)
- National Brand
- Private Label Brand
- India Seasoning & Spices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Retail
- Foodservice
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Horizon Databook provides a detailed overview of country-level data and insights on the India Seasoning & Spices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Seasoning & Spices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Seasoning Spices Market, 2018-2030 (US$M)
India seasoning & spices market statistics, by product, 2018-2030 (US$M)
