India Incense sticks (Agarbatti & Dhoop) Market Outlook, 2023

  • ID: 4591123
  • Report
  • Region: India
  • 80 Pages
  • Bonafide Research
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FEATURED COMPANIES

  • B. V. Aswathiah & Bros
  • ITC Limited
  • Moksh Agarbattis Company
  • Patanjali Ayurved Limited
  • MORE

'India Agarbatti and Dhoop Market Outlook, 2023' gives a comprehensive analysis on the Indian agarbatti and dhoop industry. The burning of dhoop and agarbatti in religious and social function has been practiced in India since early times. They are burnt in Indian homes as a room freshener and is reputed to process high aesthetic properties. The Indian agarbatti and dhoop industry exports a large amount of shipments to more than 90 countries of the world. Compared to other countries the Indian agarbatti and dhoop are pursued to have a superior quality. The market consists of a large number of unorganised players.

The India Agarbatti and dhoop market size was more than INR 3000 crores in 2011-12, with high sales in the rural regions. The Indian agarbatti and dhoop market is highly dominated by the agarbatti sales, dhoop is not much preferred in Indian market. India is one of the largest producers of agarbatti and dhoop sticks, as well as largest consumer too. More than 2/3rd of the agarbatti produced in India are consumed locally. The fragrances mostly consumed in Indian market are Rose, lavender, Sandal, Champa, Jasmine, Mogra, etc. While the players in Indian market are searching for new fragrances to attract more customers. While variants of agarbatti are available in terms of pack size, packaging type, stick length, stick shape, stick colour, etc.

The organized agarbatti market is led by N. Ranga Rao & Sonswith its vast brand range having a large number brand. Cycle is the leading brand of N. Ranga Rao & Sons, and it also observes highest market share by brand in Indian agarbatti and dhoop brand. N. Ranga Rao & Sons focuses on increasing its sales with high advertisement. The cycle brand has 3 brand ambassadors Amitabh Bachchan, Sourav Ganguli and Ramesh Arvind for different regions. While in 2017 all three of the were featured in a single advertisement for their campaign ‘India Prays with Cycle’ showing diversity of India.

Major companies that operate into Indian Agarbatti and Dhoop market are N. Ranga Rao & Sons Private Limited, Moksh Agarbattis, ITC Limited, Mysore Deep Perfumery House (MDPH), Shree Kalpana Perfumery Works Private Limited, Hari Darshan Sevashram Private Limited, B. V. Aswathiah & Bros, Hem Corporation Private Limited, Patanjali Ayurved Limited

Covered in the report:

  • India Agarbatti Market
  • India Dhoop Market
  • Top companies in India agarbatti and dhoop market

How it will help solving your strategic decision-making process??

The report gives an in-depth understanding of the agarbatti and dhoop market in India and consist of:

  • India Agarbatti and Dhoop Market Outlook.
  • India Agarbatti and Dhoop By Value & Forecast.
  • India Agarbatti and Dhoop By Volume& Forecast.
  • India Agarbatti and Dhoop Market Segmental Analysis: By Company and By demographic,
  • India Agarbatti Market Size By Value & Forecast.
  • India Agarbatti Market Size By Volume & Forecast.
  • India Agarbatti Market Segmental Analysis: By Region, By fragrance, By demographic, by pack type, by pack size.
  • India Dhoop Market Size By Value & Forecast.
  • India Dhoop Market Size By Volume & Forecast.
  • India Agarbatti Market Segmental Analysis: By Region, By demographic.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • B. V. Aswathiah & Bros
  • ITC Limited
  • Moksh Agarbattis Company
  • Patanjali Ayurved Limited
  • MORE

1. Executive Summary

2. India Agarbatti & Dhoop Market Outlook
2.1. Market Size
2.1.1. By Value
2.1.2. By Volume
2.2. Market Share
2.2.1. By Demographics (Urban Vs Rural)
2.2.2. By Company

3. India Dhoop Market Outlook
3.1. Market Size
3.1.1. By Value
3.1.2. By volume
3.2. Market Share
3.2.1. By Demographics (Urban Vs Rural)
3.2.2. By Region
3.3. Product, Price And Variant Analysis Of Top 10 Companies

4. India Agarbatti Market Outlook
4.1. Market Size
4.1.1.  By Value
4.1.2.  By Volume
4.2. Market Share
4.2.1. By Region
4.2.2. By Fragrance
4.2.3. By Demographics (Urban Vs Rural)
4.2.4. By Packaging type
4.2.5. By Pack Size
4.3. Product, Price And Variant Analysis

5. India Agarbatti & Dhoop Market Sales Channel Analysis
5.1. Retail Stores
5.2. Departmental Stores
5.3. Specialized Store & Online

6. Indian Economic Profile

7. Raw Material

8. Pest Analysis

9. Trade Dynamics
9.1. Export
9.2. Import

10.  Market Dynamics
10.1. Key Drivers
10.2. Key Challenges

11. Market Trends and Development
11.1. Growth of Chinese agarbattis in Indian Market
11.2. Introduction of various new fragrances and variants
11.3. Spiritual advertisement by popular celebrity

12. Competitive Landscape
12.1. Porter Five Forces
12.2. Company Profile
12.2.1. N. Ranga Rao & Sons Private Limited
12.2.2. Moksh Agarbattis Company
12.2.3. ITC Limited
12.2.4. Mysore Deep Perfumery House (MDPH)
12.2.5. Shree Kalpana Perfumery Works Private Limited
12.2.6. Hari Darshan Sevashram Private Limited
12.2.7. B. V. Aswathiah & Bros
12.2.8. Hem Corporation Private Limited
12.2.9. Patanjali Ayurved Limited

13. Strategic Recommendations

14. Disclaimer

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FEATURED COMPANIES

  • B. V. Aswathiah & Bros
  • ITC Limited
  • Moksh Agarbattis Company
  • Patanjali Ayurved Limited
  • MORE

Increased new fragrances and variants have blossomed the India Agarbatti and Dhoop market in the past years.

The players in India agarbatti and dhoop market are found to be expanding their product range by bring new fragrances as well as new variants in term of pack size, stick shape, stick colour, stick length, etc. to target large segments of Indian market.

The Indian agarbatti and dhoop market consist a large number of agarbatti giants as well as other players. The high presence of other players is mainly due to low entry barrier of the industry, easy availability of imported cheap raw material as well as raw sticks, the machines required for production are also not so costly, highly labour captive industry which requires less skilled labours, etc.

According to the report ‘India Incense sticks (Agarbatti & Dhoop) Market Outlook, 2023’, The Indian agarbatti and dhoop market is forecasted to have high growth with a CAGR of more than 9% from 2022-23. The primary reasons for this high growth are rising number of temples, increasing tourism, rising disposable income, rising number of pujas and rituals with rising problems of people, increasing variants, etc.The exports of agarbatti and dhoop are also increasing since last few years. The major consumption is found to be in the southern states of India with presence of large number of big temples, highly religious people, etc. The states in North and South region of India combined contribute for around than 2/3rd sales of agarbatti in India.

The current India agarbatti and dhoop market is flooded with a large number of brands and there is very less places where agarbatti and dhoop are not available. So, for further growth of the market share the companies in Indian market are discoursing new variants of agarbatti and dhoop in terms of new fragrance. Many of the firms are also altering their stick size, shape and colour in order to differentiate themselves and to make their sticks more attractive. Companies are creating new combination of fragrance, stick shape, stick size and pack size targeting various geographical regions, festivals, and consumer preferences to boost their sales. Recently in February 2018, Mysore Deep Perfumery House (Known for its brand Zed Black) introduced a new series ‘Suryanamaskar’ targeting the export market at Yoga enthusiasts across the globe having18 distinct fragrances. Mysore Scents has two freelance perfumers that have contributed to the development of the company’s 250-odd variants and introduce two new ones every month. These perfumers work on a retainer basis and help Mysore Scents come up with new scents, but are not involved in the manufacturing process for confidentiality purposes. While in January 2018, Moksh agarbatti launched its new fragrance ‘Lucky 100’ specially targeting the Odisha Market.

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  • N. Ranga Rao & Sons Private Limited
  • Moksh Agarbattis Company
  • ITC Limited
  • Mysore Deep Perfumery House (MDPH)
  • Shree Kalpana Perfumery Works Private Limited
  • Hari Darshan Sevashram Private Limited
  • B. V. Aswathiah & Bros
  • Hem Corporation Private Limited
  • Patanjali Ayurved Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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