PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301821
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1301821
India Agarbatti and Dhoop Market - By Product Type ; By Demographics ; By Distribution Channel ; By Mode of Sales ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Agarbatti and Dhoop (Incense Stick) Market Size to Expand at CAGR of 8.63% During 2023-2029
India agarbatti and dhoop (incense stick) market is flourishing because of the rising religious and cultural significance, rituals and festivals, and aromatic and therapeutic properties of agarbatti and dhoop.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India agarbatti and dhoop (incense stick) market to grow at a CAGR of 8.63% during the forecast period between 2023 and 2029. Major growth drivers for the India agarbatti and dhoop (incense stick) market include an increasing demand for agarbatti and dhoop both in domestic and international markets due to the availability of a wider range of products and improved quality. Incense sticks are an essential part of religious ceremonies and rituals in various faiths practiced in India, including Hinduism, Buddhism, and Jainism. Notably, there is a growing trend among consumers to choose natural and herbal products due to health and environmental concerns. This has led to a shift toward agarbatti made from natural ingredients and free from harmful chemicals. Agarbatti manufacturers also offer a wide range of fragrances and packaging options to cater to different consumer preferences. This includes traditional fragrances like sandalwood, rose, and jasmine, as well as modern and exotic scents. Hence, such aspects are expected to boost the expansion of India agarbatti and dhoop market during the forecast period. However, rising raw material costs and environmental concerns are anticipated to restrain the overall market growth during the period in analysis.
India Agarbatti and Dhoop (Incense Stick) Market - Overview:
The India agarbatti and dhoop (incense stick) market refers to the industry involved in the production, distribution, and sale of agarbatti and dhoop products across the country. Agarbatti, also known as incense sticks, are thin wooden sticks coated with a mixture of aromatic materials, such as natural resins, herbs, spices, and essential oils, which release a pleasant fragrance when burned. Dhoop, on the other hand, refers to thicker incense sticks or cones that have a longer burning time. These products have deep cultural and religious significance in India and are used for various purposes, including religious rituals, meditation, aromatherapy, and creating a soothing atmosphere. The market encompasses various manufacturers, suppliers, distributors, wholesalers, and retailers who cater to the demand for agarbatti and dhoop products, offering a wide range of fragrances, packaging options, and variations to meet consumer preferences. The market size and growth of the India agarbatti and dhoop market are influenced by consumer preferences, religious practices, market trends, product innovation, and regulatory frameworks.
Impact of COVID-19 on India Agarbatti and Dhoop (Incense Stick) Market
The COVID-19 pandemic had a dual impact on the India agarbatti and dhoop (incense stick) market. Initially, the market experienced a surge in demand as people turned to these products for spiritual solace and to create a calming atmosphere at home during lockdowns. However, the market also faced challenges such as disruptions in the supply chain, raw material shortages, and labor issues. The closure of places of worship and restrictions on gatherings further affected the demand for agarbatti and dhoop. As the situation evolved, the market gradually recovered, with a renewed focus on health and wellness driving future growth in the post-pandemic era.
India Agarbatti and Dhoop (Incense Stick) Market - By Distribution Channel:
Based on distribution channel, the India agarbatti and dhoop (incense stick) market is divided into Retail Stores, Departmental Stores, Specialized Stores, and Online Stores segments. The retail stores segment holds the highest share in the India agarbatti and dhoop (incense stick) market, due to their convenience, accessibility, and variety. Retail stores provide a physical presence where consumers can easily purchase agarbatti and dhoop products. They offer a wide range of brands, fragrances, and packaging options, allowing consumers to choose according to their preferences. Additionally, retail stores cater to both urban and rural areas, ensuring wider reach and availability of these products. The convenience and diverse offerings provided by retail stores contribute to their dominance in capturing the highest market share. Meanwhile, the department store segment holds the second highest market share. Department stores offer a one-stop shopping experience, providing a diverse range of products, including agarbatti and dhoop, making them a preferred choice for consumers seeking convenience and variety in their purchases.
Competitive Landscape:
Major players operating in the India agarbatti and dhoop (incense stick) market include: 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, and Shree Kalpana Perfumery Works Private Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Agarbatti and Dhoop (Incense Stick) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Agarbatti and Dhoop (Incense Stick) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Agarbatti and Dhoop (Incense Stick) Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Religious and Cultural Significance
- 3.2.1.2. Rituals and Festivals
- 3.2.1.3. Aromatic and Therapeutic Properties
- 3.2.2. Restraints
- 3.2.2.1. Rising Raw Material Costs
- 3.2.2.2. Environmental Concerns
- 3.2.3. Opportunities
- 3.2.3.1. Developing new fragrances, exploring organic and natural ingredients
- 3.2.3.2. The growing demand for eco-friendly and natural products
- 3.2.4. Challenges
- 3.2.4.1. Brand Differentiation
- 3.2.4.2. Changing Consumer Preferences
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 3.6. Price Point Analysis: Global Automotive Memory, 2019-2022
4. India Agarbatti and Dhoop (Incense Stick) Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Agarbatti
- 4.2.1.2. Dhoop
- 4.2.2. By Demographics
- 4.2.2.1. Urban
- 4.2.2.2. Rural
- 4.2.3. By Distribution Channel
- 4.2.3.1. Retail Stores
- 4.2.3.2. Departmental Stores
- 4.2.3.3. Specialized Stores
- 4.2.3.4. Online Stores
- 4.2.3.5. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 4.2.1. By Product Type
5. North India Agarbatti and Dhoop (Incense Stick) Market Overview
- 5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Demographics
- 5.2.3. By Distribution Channel
6. South India Agarbatti and Dhoop (Incense Stick) Market Overview
- 6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Demographics
- 6.2.3. By Distribution Channel
7. East India Agarbatti and Dhoop (Incense Stick) Market Overview
- 7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Demographics
- 7.2.3. By Distribution Channel
8. West India Agarbatti and Dhoop (Incense Stick) Market Overview
- 8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Demographics
- 8.2.3. By Distribution Channel
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Agarbatti and Dhoop (Incense Stick) Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Agarbatti and Dhoop (Incense Stick) Market
11. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook and SWOT Analysis)
- 11.1. B. V. Aswathiah & Bros
- 11.2. Hari Darshan Sevashram Private Limited
- 11.3. Hem Corporation Private Limited,
- 11.4. ITC Limited
- 11.5. Moksh Agarbattis Company
- 11.6. Mysore Deep Perfumery House (MDPH)
- 11.7. N. Ranga Rao & Sons Private Limited
- 11.8. Patanjali Ayurved Limited
- 11.9. Shree Kalpana Perfumery Works Private Limited
- 11.10. Other prominent players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
Lists of Figures
- Figure 1 India Agarbatti and Dhoop (Incense Stick) Market Segmentation
- Figure 2 India Agarbatti and Dhoop (Incense Stick) Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Agarbatti and Dhoop (Incense Stick) Market Size, By Value (USD Billion),2019-2029
- Figure 5 India Agarbatti and Dhoop (Incense Stick) Market Share, By Product Type, By Value,2019-2029
- Figure 6 India Agarbatti and Dhoop (Incense Stick) Market Share, By Demographics, By Value,2019-2029
- Figure 7 India Agarbatti and Dhoop (Incense Stick) Market Share, By Distribution Channel, By Value,2019-2029
- Figure 8 India Agarbatti and Dhoop (Incense Stick) Market Share, By Region, By Value,2019-2029
- Figure 9 North India Agarbatti and Dhoop (Incense Stick) Market Size, By Value (USD Billion),2019-2029
- Figure 10 North India Agarbatti and Dhoop (Incense Stick) Market Share, By Product Type, By Value,2019-2029
- Figure 11 North India Agarbatti and Dhoop (Incense Stick) Market Share, By Demographics, By Value,2019-2029
- Figure 12 North India Agarbatti and Dhoop (Incense Stick) Market Share, By Distribution Channel, By Value,2019-2029
- Figure 13 South India Agarbatti and Dhoop (Incense Stick) Market Size, By Value (USD Billion),2019-2029
- Figure 14 South India Agarbatti and Dhoop (Incense Stick) Market Share, By Product Type, By Value,2019-2029
- Figure 15 South India Agarbatti and Dhoop (Incense Stick) Market Share, By Demographics, By Value,2019-2029
- Figure 16 South India Agarbatti and Dhoop (Incense Stick) Market Share, By Distribution Channel, By Value,2019-2029
- Figure 17 East India Agarbatti and Dhoop (Incense Stick) Market Size, By Value (USD Billion),2019-2029
- Figure 18 East India Agarbatti and Dhoop (Incense Stick) Market Share, By Product Type, By Value,2019-2029
- Figure 19 East India Agarbatti and Dhoop (Incense Stick) Market Share, By Demographics, By Value,2019-2029
- Figure 20 East India Agarbatti and Dhoop (Incense Stick) Market Share, By Distribution Channel, By Value,2019-2029
- Figure 21 West India Agarbatti and Dhoop (Incense Stick) Market Size, By Value (USD Billion),2019-2029
- Figure 22 West India Agarbatti and Dhoop (Incense Stick) Market Share, By Product Type, By Value,2019-2029
- Figure 23 West India Agarbatti and Dhoop (Incense Stick) Market Share, By Demographics, By Value,2019-2029
- Figure 24 West India Agarbatti and Dhoop (Incense Stick) Market Share, By Distribution Channel, By Value,2019-2029
List of Tables
- Table 1 India Agarbatti and Dhoop (Incense Stick) Market Size, By Product Type, By Value,2019-2029
- Table 2 India Agarbatti and Dhoop (Incense Stick) Market Size, By Demographics, By Value,2019-2029
- Table 3 India Agarbatti and Dhoop (Incense Stick) Market Size, By Distribution Channel, By Value,2019-2029
- Table 4 India Agarbatti and Dhoop (Incense Stick) Market Size, By Region, By Value,2019-2029
- Table 5 North India Agarbatti and Dhoop (Incense Stick) Market Size, By Product Type, By Value,2019-2029
- Table 6 North India Agarbatti and Dhoop (Incense Stick) Market Size, By Demographics, By Value,2019-2029
- Table 7 North India Agarbatti and Dhoop (Incense Stick) Market Size, By Distribution Channel, By Value,2019-2029
- Table 8 South India Agarbatti and Dhoop (Incense Stick) Market Size, By Product Type, By Value,2019-2029
- Table 9 South India Agarbatti and Dhoop (Incense Stick) Market Size, By Demographics, By Value,2019-2029
- Table 10 South India Agarbatti and Dhoop (Incense Stick) Market Size, By Distribution Channel, By Value,2019-2029
- Table 11 East India Agarbatti and Dhoop (Incense Stick) Market Size, By Product Type, By Value,2019-2029
- Table 12 East India Agarbatti and Dhoop (Incense Stick) Market Size, By Demographics, By Value,2019-2029
- Table 13 East India Agarbatti and Dhoop (Incense Stick) Market Size, By Distribution Channel, By Value,2019-2029
- Table 14 West India Agarbatti and Dhoop (Incense Stick) Market Size, By Product Type, By Value,2019-2029
- Table 15 West India Agarbatti and Dhoop (Incense Stick) Market Size, By Demographics, By Value,2019-2029
- Table 16 West India Agarbatti and Dhoop (Incense Stick) Market Size, By Distribution Channel, By Value,2019-2029
- Table 17 B. V. Aswathiah & Bros Company Overview
- Table 18 B. V. Aswathiah & Bros Financial Overview
- Table 19 Hari Darshan Sevashram Private Limited Company Overview
- Table 20 Hari Darshan Sevashram Private Limited Financial Overview
- Table 21 Hem Corporation Private Limited Company Overview
- Table 22 Hem Corporation Private Limited, Financial Overview
- Table 23 ITC Limited Company Overview
- Table 24 ITC Limited Financial Overview
- Table 25 Moksh Agarbattis Company Overview
- Table 26 Moksh Agarbattis Company Financial Overview
- Table 27 Mysore Deep Perfumery House (MDPH) Company Overview
- Table 28 Mysore Deep Perfumery House (MDPH) Financial Overview
- Table 29 N. Ranga Rao & Sons Private Limited Company Overview
- Table 30 N. Ranga Rao & Sons Private Limited Financial Overview
- Table 31 Patanjali Ayurved Limited Company Overview
- Table 32 Patanjali Ayurved Limited Financial Overview
- Table 33 Shree Kalpana Perfumery Works Private Limited Company Overview
- Table 34 Shree Kalpana Perfumery Works Private Limited Financial Overview
