Spices are aromatic substances derived from plants' seeds, roots, bark, or other parts, used to flavor and enhance the taste of food. They have been essential in cuisines worldwide for centuries, adding depth, aroma, and character to various dishes. From the warmth of cinnamon to the heat of chili peppers, spices are a fundamental element of culinary creativity.
Global Spices Market
On Oct.12, 2023, Norwegian investment conglomerate Orkla ASA announced a strategic reorganization of its Indian operations to target spices and convenience foods markets in the country's Southern states. The company consolidated its business under a single entity, Orkla India, with a specific focus on the country's burgeoning packaged spices and convenience foods markets. The comprehensive reorganization will be instrumental in steering Orkla's growth trajectory in India and fortifying its presence in the packaged food industry.
On Aug. 09, 2023, Bikano, a leading snacks and sweets maker in India and the renowned brand under Bikanervala Foods Pvt Ltd. announced its entry into the branded spice segment. The company said that it will be partnering with spice farmers & suppliers to ensure quality & sustainability and adhere to relevant certifications from regulatory bodies, such as ISO, FSSAI, HACCP, and GMP.
The company has launched a new subbrand, Swad Anusar, which will introduce a range of blended spices. India's branded spice market has witnessed fast growth in the last few years, which attracted Bikano. Thus, the launch of Swad Anusar comes as a natural progression.
On Mar. 15, 2023, VAHDAM India, the home-grown global wellness brand, launched VAHDAM Spices, a new product category for the company. VAHDAM India aims to create fresher products for the increasing number of health-conscious consumers and has expanded its partnership with Indian farmers & cooperatives to bring high-quality and authentic Indian spices.
On Jan. 26, 2023, Edible oil brand Sunpure announced its entry into the branded spice market by launching Red Chilli powder, turmeric powder, and coriander powder. Sunpure is part of the MK Agrotech Group; it will unveil its blended spice mixes and product categories in the future.
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