pan masala market share, size, trends | industry report 2017-2022
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Pan Masala Market Report and Forecast 2017–2022
REPORT DESCRIPTION
Indian Pan Masala Market to Reach US$ 90 Crores by 2022
Pan masala refers to a balanced mixture of betel leaf with lime, areca nut, clove, cardamom, mint, tobacco and many other ingredients. It is prepared with precise measurements so as to maintain a balance of all ingredients while keeping in mind its taste and human health.
Pan masala acts as a mouth freshener and unlike other Western synthetic pan masala which are made with chemical and petroleum ingredients, the Indian pan masala is considered safer. It is available in hygienic and attractive foil packets (sachets) and tins which are easy to store and carry.
According to a new report by Expert Market Research, the Indian pan masala market reached a value of US$ 36.5 Crores in 2016 and is further expected to reach nearly US$ 90 Crores by 2022. The strong growth of the market can be attributed to a number of factors. As pan masala has been traditionally popular in India, it is consumed by all age groups and social classes in the region. Large population along with rising disposable incomes also provide a huge consumer base for pan masala products. Moreover, convenient packaging, easy availability, competitive marketing by manufacturers as well as the shift from tobacco to tobacco-free products have further fuelled the demand for pan masala globally. Although it has gained prominence in urban households of India, especially among adolescents, it’s demand is growing faster in rural households.Read Full Pan Masala Market Report -http://expertmarketresearch.com/reports/pan-masala-market
REPORT DESCRIPTION
Source: Expert Market Research
REPORT DESCRIPTION
Key findings from the report:
• Various types of pan masala available in the Indian market include pan masala containing tobacco, plain pan masala, flavoured pan masala and others. Pan masala containing tobacco dominate the market with a share of more than a half of the total market in 2016. It was followed by plain pan masala, flavoured pan masala and others.
• The majority of the Indian pan masala market is highly unorganised and is surrounded by a few players, namely, Rajnigandha (DS Group), RMD (Manikchand), Pan Vilas (Kothari Products), Pan Parag (Godfrey Phillips) and others.
• Among these players, Rajnigandha represented the largest manufacturer of pan masala accounting for the majority of the market share. It was followed by RMD, Pan Vilas, Pan Parag and others.
• These players are coming up with improvements in distribution across both the urban and rural areas.
REPORT DESCRIPTION
Expert Market Research has analysed the Indian pan masala market according to type and top players:
Market breakup by Type
• Pan Masala Containing Tobacco• Plain Pan Masala• Flavoured Pan Masala
Top players• Rajnigandha (DS Group)• RMD (Manikchand)• Pan Vilas (Kothari Products)• Pan Parag (Godfrey Phillips)• Others
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