About Curry Powder
Curry powder is a blend of various Indian spices usually a mixture of turmeric, chili powder, ground coriander, ground cumin, ground ginger and pepper, and can be bought in mild, medium or hot strengths. Turmeric powder is the main ingredient of curry powder. It is used to season roasted vegetables, pureed soups, hummus, egg salad, and even popcorn.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Australian Vendors will contribute the maximum growth to Global Curry Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
McCormick Foods Australia Pty. Ltd. (Australia), Mudgeeraba Spices & Curry Blends (Australia), Herbie's Spices (Australia), Penzeys Spices (United States), Unilever (United Kingdom), Ajinomoto Co., Inc. (Japan), Kerry Group Plc (Ireland), Olam International (Singapore) and M & J Ingredients (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Curry Powder market by Type (Curry Powder with Additive Type and Curry Powder without Additive Type), Application (Food Processing Industry, Catering Industry, Household and Others) and Region.
On the basis of geography, the market of Curry Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Curry Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Turmeric will boost the Curry Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Increasing Use of Curry Powder in Various Dishes and Growing Popularity of Curry Powder among People
Challenges:
Environmental Conditions may Affect the Production of Raw Material used for the Curry Powder
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food Industry Worldwide and Increasing Number of Restaurants
Market Leaders and their expansionary development strategies
In September 2023, McCormick & Company, Inc. a global leader in flavor, today announced the acquisition of Penzeys Spices, a renowned specialty spice retailer known for its high-quality and flavorful curry powder blends. This strategic acquisition further strengthens McCormick's position in the growing premium spice market and expands its portfolio of gourmet curry powders.
In October 2023, Frontier Co-op has launched a new organic curry powder that is made with all-organic ingredients, including turmeric, cumin, coriander, ginger, and black pepper. The curry powder is also free of gluten, soy, and MSG.
Key Target Audience
Curry Powder Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.