India Spice and Spice Mixes Market Outlook to 2020 - Rise in Exports and Initiation of Spice Parks to Shape Future Growth

 Published On: Jul, 2015 |    No of Pages: 107 |  Published By: kenresearch | Format: PDF
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The report titled “India Spice and Spice Mixes Market Outlook to 2020 – Rise in Exports and Initiation of Spice Parks to Shape Future Growth” provides a comprehensive analysis of the spices and spices mixes products in India. The report covers various aspects such as market size of overall India spices market, segmentation on the basis of chilly, garlic, ginger, turmeric and coriander and volume of exports and imports for spice products. The report also provides a snapshot on the Spice mix market in India. The market is presented by ongoing trends and developments, SWOT analysis and growth drivers. The competition in spice market is comprehensively been presented with a focus on market share of major players coupled with their detailed company profiles. In addition, the report also showcases the investment required to start a spice processing plant in India, with the future outlook of the overall Industry.

The demand for spices and spice extracts including spice oils and oleoresins is booming globally. The demand for a variety of traditional cuisines of different cultures and ethnic groups is driving the demand for various spices and spice extracts. India is the largest producer of spices. The production of spices in India has witnessed a modest growth over the period of FY’2010-FY’2015, growing from ~ thousand tonnes in FY’2010 to ~ thousand tonnes in FY’2015 with a CAGR of ~%. Unorganized segment has been dominating the spices market in India for the last many years. The market share of unorganized segment was ~% in FY’2015. Gujarat is continued to hold the dominant position as spice producing state in India. In FY’2015, ~ thousand tonnes of spices were produced in Gujarat. A combination of highly fertile soil and recent irrigation projects has given Gujarat the edge over other spice producing states. The dominance of inorganic spices segment has showcased that majority of the farmers are adopting the farming practices for inorganic spices and consumers have also shifted their preferences towards inorganic spices owing to huge cost associated with the organic spices. A major part of revenues for the manufacturer of spices come from this sector as spices are largely consumed by individuals for cooking purposes at home.

Chilly is the largest produced spice in India. It contributed to share of ~% out of the total world production. This spice is used majorly in curried cuisines. It is also used in curry powder, seasoning and other such spice mixes. MDH is the dominating player in FY’2015, with a market share of ~% in the total revenues generated from the sales of spices in the organized segment.

The population in India is surging and the increasing consumer expenditure on food explains the swelling demand for food in India.

Accordingly, the demand for spices is expected to grow in the future which will lead to a prominent growth in the revenues from the sales of spices in India. The revenues from India market are expected to expand to around USD 18 billion in FY’2020, growing with a CAGR of ~% from FY’2016 to FY’2020. The highest contribution to this growth is expected to come from the spice mixes and blended spices.

Key Topics Covered in the Report:

- The market size of the India spice industry.
- The market size of the Chilly market.
- The market size of the Garlic market.
- The market size of the Ginger market.
- The market size of the Coriander market.
- The market size of the other spices market.
- Market segmentation of the Indian spice industry on the basis of organic or inorganic, organized or unorganized, rural or domestic consumption, regional production, Clients, Production and consumption of major spices.
- Market size and segmentation of the chilly market on the basis of regional production.
- Market size and segmentation of the garlic market on the basis of regional production.
- Market size and segmentation of the ginger on the basis of regional production.
- Market size and segmentation of the coriander market on the basis of regional production.
- Market size and segmentation of turmeric on the basis of regional production.
- Trends and Development in the India spice industry.
- Competitive landscape and detailed company profiles of the major processors of spices and spice products in the India.
- Future outlook and projections of the India spice industry on the basis of revenues in India.
TABLE OF CONTENTS

1. India Spices Market Introduction    
1.1.Government Regulations and Support Scheme    
Spices Board of India and its Regulatory Role    
Promotion and Support Schemes    
Quality Evaluation    
Quality Standards    
Spices Park    
E-Auction    
1.2. Value Chain of the Indian Spices Market    
2. India Spice Market Size    
2.1. By Production Volume, FY’2010-FY’2015    
2.2. By Revenue and Consumption Volume, FY’2010-FY’2015    
3. India Spices Market Segmentation    
3.1. By Organized and Unorganized Segment, FY’2010-FY’2015    
3.2. By Regional Production, FY’2010-FY’2015    
3.3. By Organic and Inorganic Spices, FY’2015    
3.4. By Clients: Retail Sector, Industrial and Catering Sector, FY’2015    
3.5. By Urban and Rural Consumption, FY’2015    
3.6. By Production of Major Spices, FY’2010-FY’2015    
3.7. By Consumption of Major Spices, FY’2010-FY’2015    
4. India Chillies Market Introduction and Market Size, FY’2010-FY’2015
By Consumption Value and Volume, FY’2010-FY’2015    
4.1. India Chillies Market Segmentation by Regional Production, FY’2010-FY’2015    
5. India Garlic Market Introduction and Market Size, FY’2010-FY’2015
By Consumption Value and Volume, FY’2010-FY’2015    
5.1. India Garlic Market Segmentation by Regional Production, FY’2010-FY’2015    
6. India Turmeric Market Introduction and Market Size, FY’2010-FY’2015
By Consumption Value and Volume, FY’2010-FY’2015    
6.1. India Turmeric Market Segmentation by Regional Production, FY’2010-FY’2015    
7. India Ginger Market Introduction and Market Size by Consumption Value and Volume, FY’2010-FY’2015
By Consumption Value and Volume, FY’2010-FY’2015    
7.1. India Ginger Market Segmentation by Regional Production, FY’2010-FY’2015    
8. India Coriander Market Introduction and Market Size, FY’2010-FY’2015
By Consumption Value and Volume, FY’2010-FY’2015    
8.1. India Coriander Market Segmentation by Regional Production, FY’2010-FY’2015    
9. Trade Scenario for India Spice Market    
9.1. Exports Supply and Revenues, FY’2011-FY’2015    
9.2. Imports Demand and Value, FY’2010-FY’2014    
10. Snapshot on India Spice Mix Market, FY’2015
Product Portfolio of Spice Mix in India    
11. India Spice Market Competitive Landscape    
11.1. Market Share of Major Spice Companies in India, FY’2015    
12. Trends and Developments in India Spice market    
Emergence of Signature Shops in India    
Increasing Demand for Organic Spices    
Establishment of Spice Parks    
E-auctioning of Cardamom    
From Straight Spices to Spice Mixes (Masala)    
Surging Demand for Packaged/Branded Spices    
Increasing Acquisitions in the India Spices Market    
13. SWOT Analysis of India Spices Market    
14. Growth Drivers in India Spices Market    
15. India Spice Market Company Profiles    
15.1. Everest    
15.1.1. Business Overview    
15.1.2. Financial Performance, FY’2013-FY’2015    
15.1.3. Business Strategies    
15.2. Catch Salt and spices    
15.2.1. Business Overview    
15.2.2. Financial Performance, FY’2010-FY’2015    
15.2.3. Business Strategies    
15.3. MDH Limited    
15.3.1. Business Overview    
15.3.2. Business Strategies    
15.4. MTR Foods    
15.4.1. Business overview    
15.4.2. Business Strategies    
15.5. Ramdev Spices    
15.5.1. Business Overview    
15.5.2. Business Strategies    
15.5.3. Financial Performance, FY’2010-FY’2015    
16. Mergers and Acquisitions    
17. Required Investment for Setting up Spice Plant in India    
18. India Spices Market Future Outlook and Projections, FY2016-FY2020    
18.1. Cause and Effect Relationship between Industry Factors and India Spice Market Prospects    
17. Analyst Recommendations    
17.1. Opportunities and Prerequisites    
17.2. Recommendations    
Manufacturers    
Processors    
Retailers    
Government    
18. India Spice Market Macro Economy Factors: Current and Projections, FY’2010-FY’2020    
18.1. Area under Cultivation for spices in India, FY’2010-FY’2020    
18.2. Spice Board of India Expenditure, FY’2010-FY’2020    
18.3. Population of India, FY’2010-FY’2020    
18.4. Private Final Consumer Expenditure on Food in India, FY’2010-FY’2020    
18.5. India Food Industry Market Size, FY’2010-FY’2020    
18.6. FDI in Food Processing Industry in India, FY’2010-FY’2014    
19. Appendix    
19.1. Market Definitions    
19.2. Abbreviations    
19.3. Research Methodology    
Data Collection Methods    
Approach    
Variables (Dependent and Independent)    
Final Conclusion    
19.4. Disclaimer    

LIST OF FIGURES

Figure 1: Value Chain of India Spices Market    
Figure 2: India Spices Market Size on the Basis of Production in Thousand Tonnes, FY’2010-FY’2015    
Figure 3: India Spices Market Size on the Basis of Domestic Consumption by Value in USD Million and by Volume in Thousand Tonnes, FY’2010-FY’2015    
Figure 4: India Spices Market Segmentation on the Basis of Revenues from Organized and Unorganized Segment in Percentage (%), FY’2010-FY’2015    
Figure 5: India Spice Market Segmentation on the Basis of Revenues from Organic and Inorganic Spices Market in Percentage (%), FY’2015    
Figure 6: India Spice Market Segmentation on the Basis of Revenues from Retail, Industrial and Catering Sectors in Percentage (%), FY’2015    
Figure 7: India Spice Market Segmentation on the basis of Revenues from Urban and Rural Consumption in Percentage (%), FY’2015    
Figure 8: India Spice Market Segmentation on the Basis of Consumption of Major Spices in Percentage (%), FY’2010-FY’2015    
Figure 9: India Chillies Market Size on the Basis of Consumption in Thousand Tonnes and Revenues in USD Million, FY’2010-FY’2015    
Figure 10: India Chillies Market Segmentation on the Basis of Production Contribution from Regional Production in Percentage (%), FY’2010-FY’2015  
Figure 11: India Garlic Market Size on the Basis of Consumption in Thousand Tonnes and Revenues in USD Million, FY’2010-FY’2015    
Figure 12: India Garlic Market Segmentation on the Basis of Contribution from Different Garlic Producing States in Percentage (%), FY’2010-FY’2015  
Figure 13: India Turmeric Market Size on the Basis of Consumption in Thousand Tonnes and Revenues in USD Million, FY’2010-FY’2015    
Figure 14: India Turmeric Market Segmentation on the basis of Production Contribution by Major States in Percentage (%), FY’2010-FY’2015    
Figure 15: India Ginger Market Size on the Basis of Consumption in Thousand Tonnes and Revenues in USD Million, FY’2010-FY’2015    
Figure 16: India Ginger Market Segmentation on the basis of Production Contribution by Major States in Percentage (%), FY’2010-FY’2015    
Figure 17: India Coriander Market Size on the Basis of Consumption in Thousand Tonnes and Revenues in USD Million, FY’2010-FY’2015    
Figure 18: India Coriander Market Segmentation on the Basis of Contribution from Different Coriander Producing States in Percentage (%), FY’2010-FY’2015    
Figure 19: India Spice Market Exports on the Basis of Revenue in USD Million and Volume in Thousand Tonnes, FY’2011-FY’2015    
Figure 20: India Spice Market Imports on the Basis of Revenue in USD Million and Volume in Thousand Tonnes, FY’2010-FY’2014    
Figure 21: Market Share of Major Organized Spice Companies in Organized Spice Market on the Basis of Domestic Revenue in Percentage (%), FY’2015    
Figure 22: SWOT Analysis of India Spices Market    
Figure 23: Financial Performance of Everest on the Basis of Revenues in USD Million, FY’2013-FY’2015    
Figure 24: Financial Performance of Catch Spices on the Basis of Revenues in USD Million, FY’2010-FY’2015    
Figure 25: Financial Performance of Ramdev Spices on the Basis of Revenues in USD Million, FY’2010-FY’2015    
Figure 26: India Spices Market Future Projections on the Basis of Revenues in USD Million, FY’2016-FY’2020    
Figure 27: Area under Cultivation for Spices in India in Million Hectares, FY’2010-FY’2020
Figure 28: Spice Board of India Expenditure in USD Million, FY’2010-FY’2020    
Figure 29: Population of India in Million, FY’2010-FY’2020    
Figure 30: Consumer Expenditure on Food in India in USD Million, FY’2010-FY’2020    
Figure 31: India Food Market Size in USD Million, FY’2010-FY’2020    
Figure 32: FDI in Food Processing Industry in India in USD Million, FY’2010-FY’2014    

LIST OF TABLES

Table 1: List of Spices Parks in India    
Table 2: India Spices Market Segmentation by Organized and Unorganized Segment on the Basis of Revenues in USD Million, FY’2010-FY’2015    
Table 3: India Spice Market Segmentation on the Basis of Regional Production in Thousand Tonnes, FY’2010-FY’2015    
Table 4: India Spice Market Segmentation on the Basis of Revenues from Organic and Inorganic Spices Market in USD Million, FY’2015    
Table 5: India Spice Market Segmentation on the Basis of Revenues from Retail, Industrial and Catering Sectors in USD Million, FY’2015    
Table 6: India Spice Market Segmentation on the basis of Revenues from Urban and Rural Consumption in USD Million, FY’2015    
Table 7: India Spices Market Size on the Basis of Production by Major Spices in Percentages (%), FY’2010-FY’2015    
Table 8: India Spices Market Size on the Basis of Production by Major Spices in Thousand Tonnes, FY’2010-FY’2015    
Table 9: India Spice Market Segmentation on the basis of Consumption of Major Spices in Thousand Tonnes, FY’2010-FY’2015    
Table 10: India Chilly Market Segmentation on the basis of Contribution from Different Chilly Producing States in Thousand Tonnes, FY’2010-FY’2015    
Table 11: India Garlic Market Segmentation on the Basis Contribution from Different Garlic Producing States in Thousand Tonnes, FY’2010-FY’2015    
Table 12: India Turmeric Market Segmentation on the basis of Production Contribution by Major States in Thousand Tonnes, FY’2010-FY’2015    
Table 13: India Ginger Market Segmentation on the basis of Production Contribution by Major States in Thousand Tonnes, FY’2010-FY’2015    
Table 14: India Coriander Market Segmentation on the Basis of Contribution from Different Coriander Producing States in Thousand Tonnes, FY’2010-FY’2015    
Table 15: India Spice Market Exports by Major Spice Products on the Basis of Revenue in USD Million, FY’2011-FY’2015    
Table 16: India Spice Market Imports by Major Spice Products on the Basis of Revenue in USD Million, FY’2010-FY’2014    
Table 17: India Spice Mix Market Size on the Basis of Production in Thousand Tonnes, FY’2015    
Table 18: Competitive Landscape of Major Players in India Spice Mix Market    
Table 19: Market Share of Major Spice Companies in Organized Spice Market on the Basis of Domestic Revenue in USD Million, FY’2015    
Table 20: Everest Product Portfolio    
Table 21: Catch Salt and Spices Products Portfolio    
Table 22: MDH Spices Product Portfolio    
Table 23: MTR Food Spices Product Portfolio    
Table 24: Ramdev Spices Product Portfolio    
Table 25: Recent Mergers and Acquisitions in India Spices Market    
Table 26: Required Parameters for the Establishment of a Mechanized Spice Farm in India
Table 27: Annual Expenses Incurred on a Mechanized Spice Farm in India    
Table 28: Means of Finance for Establishing a Mechanized Spice Farm in India    
Table 29: Annual Cost of Production in a Mechanized Spice Farm in India    
Table 30: Financial Indicators Related to the Establishment of a Mechanized Spice Farm in India    
Table 31: Cause and Effect Relationship Analysis between Industry Factors and Expected India Spices Market Prospects    
Table 32: Bifurcation of Population of India on the Basis of Urban and Rural Inhabitants in Million, FY’2010-FY’2015    
Table 33: Correlation Matrix of India Spices Market    
Table 34: Regression Coefficients Output of India Spice market

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