In 2023, the supply of spices protein per capita in India was about 1.05 grams per day. Forecasts indicate a steady increase from 2024 onwards, with values expected to incrementally rise each year, reaching 1.11 grams per capita per day by 2028. The year-on-year growth is around 0.94% between 2023 and 2024. Over five years (from 2023 to 2028), the compound annual growth rate (CAGR) is approximately 1.12%.
Future trends to watch for:
- Shifts in dietary habits could influence demand for spices protein.
- Potential innovations in spice production and supply chains might impact availability and affordability.
- Government policies regarding agriculture and sustainability could also affect this sector.