The forecast for spices losses in India shows a steady increase from 2024 to 2028, with projected values rising from 147.0 to 155.0 thousand metric tons. This consistent year-on-year growth indicates an increasing trend in losses. In 2023, the actual recorded loss was below 147.0 thousand metric tons. The compound annual growth rate (CAGR) is yet to be established as the variation trend over the last two years is not provided. However, long-term observation points towards a modest annual increase.
Future industry trends to watch include:
- Climate change effects on spice yields and quality.
- Supply chain disruptions impacting spice availability.
- Technological advancements for better loss management.
- Policy changes and their impact on production practices.
