Spices in the retail market in India 2015-2020

Published by A. Minhas, Dec 10, 2024
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)

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Release date

June 2018

Region

India

Survey time period

2015 and 2017

Supplementary notes

* Value for 2017 has been converted from U.S. dollars to Indian rupees (as of the September 2018 exchange rate).
** Forecasted.

Note: One Indian rupee is equal to 0.014 U.S. dollars and 0.012 euros (as of September 2018).

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