A masala can either be a combination of dried (and usually dry roasted) spices, or a paste (such as vindaloo masala) made from a mixture of spices and other ingredients—often garlic, ginger, onions and chili paste. Spices are non-leafy parts (e.g. bud, fruit, seed, bark, rhizome, and bulb) of plants used as a flavoring or seasoning, although many can also be used as an herbal medicine. Spices are, the dried parts of aromatic plant-the seeds, powers, leaves, bark or root although a few are used fresh. But there is something evocative about spices that go way beyond their culinary or medicinal uses. Red Chilli, considered a native of South America, is an indispensable spice in the food habits of most people in the world. The colour and pungency differentiates chillies from other spices.
India, known as the home of spices, boasts a long history of trading with the ancient civilizations of Rome and China. Today, Indian spices are the most sought-after globally, given their exquisite aroma, texture, taste and medicinal value. India has the largest domestic market for spices in the world. The demand for spices is expected to grow in the future which will lead to a prominent growth in the revenues from the sales of spices in India. The revenues from India market are expected to expand to around USD 18 billion in FY’2020. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· A D F Foods Ltd.
· Aachi Masala Food'S Pvt. Ltd.
· Akay Flavours & Aromatics Pvt. Ltd.
· Catch Foods (India) Ltd.
· Chordia Food Products Ltd.
· Devon Foods Ltd.
· Empire Spices & Foods Ltd.
