According to the latest report by IMARC Group, titled, “Incense Sticks Market Size in India: Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“,The India incense sticks (agarbatti & dhoop) market is expected to exhibit a CAGR of 9.1% during 2022-2027.
Incense sticks (agarbatti anddhoop) are aromatic smoke-emitting products manufactured from the extracts of Commiphorawightiii trees and blended with several herbs, ghee, and other fragrant products. They are also composed of powdered wood sawdust, water, and fragrance oils applied that provide a calming effect.
Historical: 2016-2021
Base Year: 2022
Forecast Year: 2022-2027
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Incense Sticks Market Trends:
The significant presenceof temples and other religious sites across India represents one of the key factors driving the market. Apart from this, incense sticks are considered helpful inpurifying bad air, eliminating negative energy from the atmosphere, and filling the surrounding with positive energy. This, coupled with the introduction of new fragrances, such as cinnamon, lemongrass, jasmine, green tea, and strawberry, are propelling the use of incense sticks during meditation and yoga. Moreover, leading manufacturers operating in the country are developing low-cost and low-smoke product variants, which is anticipated to strengthen the growth of the market in the coming years.
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India Incense Sticks Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
B. V. Aswathiah & Bros, Hari Darshan Sevashram Private Limited, Hem Corporation Private Limited, ITC Limited, Moksh Agarbattis Company, Mysore Deep Perfumery House (MDPH), N. Ranga Rao & Sons Private Limited, Patanjali Ayurved Limited, Shree Kalpana Perfumery Works Private Limited, etc.
The report has segmented the market on the basis on Product type, demographics, distribution channel and Geography.
Breakup by Product Type:
Agarbatti
Dhoop
Breakup by Demographics:
Urban
Rural
Breakup by Distribution Channel:
Retail Stores
Departmental Stores
Specialized Stores
Online Stores
Others
Breakup by Region:
North India
South India
East India
West India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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