In 2017, the spices market across India was valued at approximately 717 billion Indian rupees. This was a significant increase from 2015, and expected to reach 950 billion rupees by 2020. Some of the leading companies in the sector included MDH, Everest and DH Group. However, branded share within the Indian spice market was only 15 percent according to the source.
Value of spices in the retail market across India in 2015, 2017 and 2020
(in billion Indian rupees)
Characteristic
Market value in billion Indian rupees
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India Food Forum. (June 4, 2018). Value of spices in the retail market across India in 2015, 2017 and 2020 (in billion Indian rupees) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/672244/spices-retail-market-value-india/
India Food Forum. "Value of spices in the retail market across India in 2015, 2017 and 2020 (in billion Indian rupees)." Chart. June 4, 2018. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/672244/spices-retail-market-value-india/
India Food Forum. (2018). Value of spices in the retail market across India in 2015, 2017 and 2020 (in billion Indian rupees). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/672244/spices-retail-market-value-india/
India Food Forum. "Value of Spices in The Retail Market across India in 2015, 2017 and 2020 (in Billion Indian Rupees)." Statista, Statista Inc., 4 Jun 2018, https://www.statista.com/statistics/672244/spices-retail-market-value-india/
India Food Forum, Value of spices in the retail market across India in 2015, 2017 and 2020 (in billion Indian rupees) Statista, https://www.statista.com/statistics/672244/spices-retail-market-value-india/ (last visited September 01, 2024)
Value of spices in the retail market across India in 2015, 2017 and 2020 (in billion Indian rupees) [Graph], India Food Forum, June 4, 2018. [Online]. Available: https://www.statista.com/statistics/672244/spices-retail-market-value-india/