India Spice Market Forecast Report and Company Analysis 2025-2033 Featuring Aachi Spices & Foods, Badshah Masala, Eastern Condiments, Mahashian Di Hatti, MTR Foods, PatanjaliAyurved, DS Gr...
ORKLA AS A S/ADR (ORKLY)
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Source: Yahoo! Finance
India Spice market is expected to reach US$ 17.04 billion by 2033 from US$ 8.41 billion in 2024, with a CAGR of 8.16% from 2025 to 2033. Some of the main reasons driving the market include the expanding demand for products in the food and beverage (F&B) industry, the widespread use of spices for medicinal purposes, government backing, sustainable sourcing, ongoing innovation, and the launch of new mixes. Growing India's rich history, varied agricultural geography, and rising demand for spices in both internal and foreign markets have made it one of the world's largest and most dynamic spice marketplaces. India continues to be a major producer and exporter of spices, accounting for more than 70% of global exports. It is the birthplace of numerous spices, such as black pepper, cardamom, turmeric, cumin, and cloves. A large variety of goods that serve a broad range of culinary and therapeutic purposes define the market. The Indian spice business has grown significantly in recent yea
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