Lately, people have started to take their health seriously. They are consuming products that are necessary for a healthy living. This whole need of wanting to be healthy has led in the spike of demand for organic spices in India. India Organic Spices market stood at an estimated $ 200 million in FY 2020 and is projected to grow at a steady CAGR of 11% during FY 2026. Spices companies in India have the idea of how this business is going to flourish in coming years, and they are also considering it as a great opportunity for export in future.
Organic spices companies like chilli
powder manufacturers in India, turmeric powder manufacturers, etc are
gaining a lot of popularity amidst the pandemic and this is where the economy
can see the silver lining.
The popularity of ethnic and exotic food is one of the major
factors responsible for the growth of organic spices in India. Additionally,
rising consumption of convenience food coupled with introduction of new flavors
in convenience food are some other growth factors. Moreover, consumers across
the country are getting inclined towards the use of natural and organic
ingredients in their diets.
Companies like TATA, GHCL, and other renowned brands are
stepping up to provide consumers with the best quality and reliable spices in
order to build the trust. Lately, central as well as state governments and NGOs
in the country are promoting organic farming among farmers by providing them
with financial support and technical assistance for practicing organic farming.
India organic spices market is segmented based on Type, By
Form, By Distribution Channel, and By Region. Based on Type, the market is
segmented into Basil, Garlic, Ginger, Turmeric, Cumin, Cinnamon, Chilli, Clove,
Cardamom, and Others. Among these, Turmeric held the largest share because of
its anti-inflammatory, antibacterial, and antiseptic qualities and its use as a
natural painkiller and healer. Also, it is believed to help in various health
conditions including Alzheimer’s disease, cancer, and joint pains.
