IMARC Group, a leading market research company, has recently releases report titled “India Incense Sticks (Agarbatti & Dhoop) Market Report by Product Type (Agarbatti, Dhoop), Demographics (Urban, Rural), Distribution Channel (Retail Stores, Departmental Stores, Specialized Stores, Online Stores, and Others), and Region 2024-2032.”
The study provides a detailed analysis of the industry, including the India incense sticks (agarbatti & dhoop) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the India incense sticks (agarbatti & dhoop) market?
The India incense sticks (agarbatti & dhoop) market is expected to exhibit a CAGR of 8.17% during 2024-2032.
What are incense sticks (agarbatti & dhoop)?
Incense sticks, commonly known as agarbatti and dhoop, are a type of scented smoke-emitting products that release aromatic smoke when lit. They are manufactured using natural materials, such as bamboo sticks, charcoal dust, sawdust paste, fragrant oils, water, adhesives, extracts of the Commiphorawightii tree, herbs, ghee, and essential oils. It is a part of various customs and rituals as they purify the surrounding air, spread positivity, and eliminate negative energy from the environment.
Its fragrance offers a soothing effect and also serves as an insect repellent. As a result, incense sticks find extensive applications in places of worship, such as temples, churches, mosques, and monasteries across India.
What are the growth prospects and trends in the India incense sticks (agarbatti & dhoop) industry?
The market is primarily driven by the growing use of incense-based products in various religious activities. Incense sticks are widely used for spiritual purposes, aesthetics, meditation, yoga, and healing. Additionally, the increasing number of temples across India is significantly influencing the demand for incense sticks. Manufacturers are also introducing new fragrances like lemongrass, cinnamon, strawberry, coffee chocolate, green tea, and jasmine. They are also developing low-cost and low-smoke product variants, which are gaining popularity among the population.
Moreover, the unique fragrances and superior quality offered by incense stick makers are helping the industry carve a niche for itself globally, leading to increased export activities from India. Other factors driving the market further include the growth of tourism, rising disposable incomes, low labor costs, and easy availability of raw materials.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Agarbatti
- Dhoop
Demographics Insights:
- Urban
- Rural
Distribution Channel Insights:
- Retail Stores
- Departmental Stores
- Specialized Stores
- Online Stores
- Others
Regional Insights:
- North India
- South India
- East India
- West India
What is included in market segmentation?
The report has segmented the market into the following categories:
- 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
Source: Open PR
