The global seasoning and spices market size was valued at USD 13.77 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2020 to 2027. Increasing buyers’ willingness to pay a premium for new flavors and ethnic tastes has been creating demand for ethnic products, in turn, fueling the growth of the market. Furthermore, rising demand for ready-to-use spice mixes as convenient options in the food-service industry is expected to open new avenues for the market. Seasoning and spices have been witnessing a remarkable demand from the commercial and household sectors, not only due to their taste and flavor but also their associated health benefits.
He owns a food and spices business, he is state minister and chairman of the Maharashtra State Khadi and Village Industries Board, he runs a sports NGO Lakshya, he is one of Pune’s distinguished citizens and founder-member of the Entrepreneurs Organisation - Pune Chapter, he is also member of the Maharashtra Chamber of Commerce & Agriculture, and more.
Consumption of spices in an Indian household is massive; hence the market is growing with the 40000 crores annually. When one can see so much potential in spice business which ensures good returns with low investment, then any individual can start a business even home-based spice making business is turn out profitable .We have Cooking Spices and Masala Sales and Marketing Agency in Mumbai & Pune.