Industry Background:
Incense is aromatic biotic subsatnce which releases fragrant smoke after burning. Around the globe, incense is used for aesthetic reasons, & in therapy, meditation, as well as various ceremonies. Used as a simple deodorant or insectifuge, it is widely adoted in Countries such as India, China, as well as Thailand. Incense sticks are also called as joss sticks, or Aggarbatti. Many Indian Incense Sticks manufacturers have exporting incense to The United States, United Kingdom, United Arab Emirate, Belgium, Brazil as well as Argentina among several other countries. Key manufacturers are offering variety of Incense sticks in the market.
This growth is primarily driven by Increased New Fragrances & Variants and Growing Adoption in Asian Countries Such As India and Thailand.
Globally, a noticeable market trend is evident Growing Demand for Natural Fragrance Ingredients. The Consumer Goods sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as N. Ranga Rao & Sons Pvt. Ltd. (India), Mysore Deep Perfumery House (India), Mangaldeep Agarbattis (ITC Limited) (India), Moksh Agarbatti Company (India), B.V.Aswathiah & Bros. (India), UPH Incense Co. Ltd. (Thailand), Patanjali Ayurved Limited (India), HEM CORPORATION (India), Dongguan Gaoyi Reed Diffuser Craft Co., Ltd. (China) and Shree Kalpana Perfumery Works Pvt. Ltd. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increased New Fragrances & Variants
- Growing Adoption in Asian Countries Such As India and Thailand
Market Trend
- Growing Demand for Natural Fragrance Ingredients
Restraints
- Increasing costs of the raw materials
Opportunities
Innovation in Packaging & Design of Incense Sticks and Growing Opportunities in Untapped Markets
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Incense sticks Study Sheds Light on
The Incense sticks Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Incense sticks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Incense sticks industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.