Incense Products Market Scope
Incense is a substance that’s burned to produce a fragrant scent. Incense products are used from ancient periods by people all over the world. The evolution of incense products could be from the burning of aromatic woods in the primitive period. As mankind gained civilization and became more religious, these fragranced incense products played an important role in daily rituals. Several Indian incense products manufacturers have exporting incense to The United States, United Kingdom, United Arab Emirates, Belgium, Brazil as well as Argentina among several other countries. In 2018, the United States incense market size was 128 Million USD and is forecast to reach 281 Million USD in 2025, growing at a CAGR of 11.89% from (2018-2025).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 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), Zedblack (India), HEM CORPORATION (India), Dongguan Gaoyi Reed Diffuser Craft Co., Ltd. (China) and Shree Kalpana Perfumery Works Pvt. Ltd. (India) |
CAGR | 20.3% |
The global incense products market has a large number of brands. For instance in India, Moksh Agarbatti, Zed Black Agarbatti, Patanjali Agarbatti, Mangaldeep Agarbatti, and Cycle Agarbatti are some of the popular brands. So, for further growth of the market share, the companies in the market are offering new variants of agarbatti in terms of a new fragrance to target numerous geographical regions, festivals, as well as consumer preferences to increase their sales.The Vendors having a strong hold in the market are N. Ranga Rao & Sons Pvt. Ltd., Mysore Deep Perfumery House, and Mangaldeep Agarbattis. Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Incense Products market throughout the predicted period.
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), Zedblack (India), HEM CORPORATION (India), Dongguan Gaoyi Reed Diffuser Craft Co., Ltd. (China) and Shree Kalpana Perfumery Works Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hari Darshan Sevashram Pvt. Ltd. (India), Noppamas Incense Sticks Ltd., Part. (Thailand) and Sarathi International Inc. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Incense Products market by Type , by Application (Church, Temples, Home, Office and Others) and Region with country level break-up.
On the basis of geography, the market of Incense Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In July 2022,incense sticks company, launched products from the Heritage, Flute and Pushkarni range of incense sticks in Indore and Varanasi. Heritage and Flute incense sticks were launched in Indore on 26th May, followed by Pushkarni in Varanasi on 7th June. The Heritage range has been launched with an aim to revive and patronize the ancient beautiful Indian art styles.. On the other hand, Flute Agarbatti has an attractive range of fruit and floral fragrances.
Influencing Trend:
Increasing Demand for Natural Fragrance Ingredients
Market Growth Drivers:
Growing Adoption in Asian Countries Such as China, India, and Thailand and Rising Production of New Fragrances & Variants
Challenges:
Incense smoke causes several diseases, which affects on the environment and health of the people. Incense smoke is a risk factor for elevated cord blood IgE levels and has been indicated to cause allergic contact dermatitis.
Restraints:
Increasing costs of the raw materials
Opportunities:
Innovation in Packaging & Design of Incense Sticks, Cones, and Coils and Upsurging Opportunities in Untapped Markets
Key Target Audience
Incense Products Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, Distributors and Suppliers, End Users and Others