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The asafoetida market is forecasted to grow by USD 47.06 mn during 2023-2028, accelerating at a CAGR of 5.45% during the forecast period. The report on the asafoetida market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing consumer awareness of exotic spices and culinary diversity, growing demand for natural and traditional ingredients in food preparation, and rising popularity of ethnic cuisines, particularly indian and middle Eastern.
The asafoetida market is segmented as below:
By Distribution Channel
- Offline
- Online
By Product
- Milky white asafoetida
- Red asafoetida
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the asafoetida market covers the following areas:
- Asafoetida market sizing
- Asafoetida market forecast
- Asafoetida market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global asafoetida market: Aachi Masala, Anu Foods, Dabur India Ltd., Dhanhar Exim Pvt. Ltd., DS Group, EVEREST Food Products Pvt. Ltd., G P And Co., HingWala, Laljee Godhoo, Mahashian Di Hatti Pvt. Ltd., Medikonda Nutrients, MTR Foods Pvt. Ltd., MVM Asafoetida, Patanjali Ayurved Ltd., Qualfis Foodz Pvt. Ltd., S S Pandian and Sons, Simhas Spices and Herbals, SRK Traders and Manufacturers, Tata Sons Pvt. Ltd., and VKA Food Products.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing demand for organic and sustainably sourced asafoetida products.'
According to the report, one of the major drivers for this market is the increasing consumer awareness of exotic spices and culinary diversity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aachi Masala
- Anu Foods
- Dabur India Ltd.
- Dhanhar Exim Pvt. Ltd.
- DS Group
- EVEREST Food Products Pvt. Ltd.
- G P And Co.
- HingWala
- Laljee Godhoo
- Mahashian Di Hatti Pvt. Ltd.
- Medikonda Nutrients
- MTR Foods Pvt. Ltd.
- MVM Asafoetida
- Patanjali Ayurved Ltd.
- Qualfis Foodz Pvt. Ltd.
- S S Pandian and Sons
- Simhas Spices and Herbals
- SRK Traders and Manufacturers
- Tata Sons Pvt. Ltd.
- VKA Food Products
