India, Feb. 3 -- India is one of the largest producers of spices. Indian spice manufacturers with an eye on the global demand are eying Initial Public Offerings (IPOs) to boost exports. The recent IPOs, which have generated interest among investors, are a testament to the growing demand. However, not everyone may see success in the long run. Spice manufacturers and experts give their insights on the long-term impact of IPOs on the spice industry.

India is one of the largest producers of spices. The country dominates the global spice market. According to estimates, the spice market in India was valued at Rs 2,00,647 crore in 2024 and is expected to double to Rs 5,13,253 crore by 2033. Major spices include chilli, turmeric, ginger, coriand...