Press release
India Incense Sticks (Agarbatti & Dhoop) Market Expected to Rise at 8.8% CAGR during 2023-2028
IMARC Group, a leading market research company, has recently releases report titled "India Incense Sticks (Agarbatti & Dhoop) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" 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 8.8% during 2023-2028.
What are incense sticks (agarbatti & dhoop)?
Incense sticks (agarbatti and dhoop) are biotic materials that release aromatic smoke when burned. They are manufactured from bamboo sticks, charcoal dust, sawdust paste, fragrant oils, water, and adhesives. They are also composed of extracts of the Commiphorawightii tree, along with herbs, ghee, and essential oils. Incense sticks are burned as a common part of various customs and rituals that purify the bad air, fill the surroundings with positive energy, and eliminate negative energy from the atmosphere. The fragrance of incense sticks offers calming effects and is also used as an insect repellent. As a result, these sticks are increasingly used across temples, churches, mosques, and monasteries.
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What are the growth prospects and trends in the India incense sticks (agarbatti & dhoop) industry?
The market is mainly driven by the increasing usage of incense-based products for various religious activities. Incense sticks are commonly used for spiritual, aesthetic, meditation, yoga, and healing purposes. Additionally, the rising number of temples in India greatly influences the demand for incense sticks. Moreover, numerous key manufacturers are introducing new fragrances like lemongrass, cinnamon, strawberry, coffee chocolate, green tea, and jasmine. They are also developing affordable and low-smoke product variations, which are becoming popular among the population. Furthermore, the distinct fragrances and superior quality offered by incense stick manufacturers are helping the industry establish a niche globally, leading to increased export activities from India. Other factors driving the market include increasing tourism, rising disposable incomes, low labor costs, and the 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
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2066&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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