India Pan Masala Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “pan masala Market by type: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the pan masala market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. india dominates the pan masala market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Pan masala is a mixture of different material containing catechu, lime, flavoring agents, cardamom and perfuming material.
Despite growing demand from rural areas, number of consumer from urban areas also rising this gives growth to the pan masala market.
Higher consumption of pan masala in India attributed Increasing disposal income, young population and intensive advertisement activity.
Increasing health conscious population led to majority of tobacco consumer are switching to the pan masala, fuels the market.
Key Findings • Pan masala with tobacco is major share holder in the pan masala market. • In India states such as utter Pradesh, Gujarat, Maharashtra, Madhya Pradesh are contributing higher growth to the market. • Males in the india are major consumer of pan masala contributing major share in the market. • Development of new product with different flavours are fuels the market.
The major companies profiled in the report include DS Group, A & C- PanBahar, Dinesh Pouches Limited, Godfrey Phillips, Kothari Products, Lalwani group, Manikchand and Trimurti Fragrances Pvt. Ltd.
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