Pan Masala Market in India Analysis by Size 2023-2028, CAGR-3.4%, Brands, Regional Forecast, Top Companies, Price and Latest Insights

According to the latest report by IMARC Group, titled “Pan Masala Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the pan masala market in India size reached INR 43,410.2 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 53,672.3 Crore by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.

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Indian Pan Masala Market Outlook:

Pan masala is a ready-made chewing alternative for traditional Paan, served as a mouth freshener after meals. It contains powdered lime, cardamom, mint leaves, betel nuts, coriander and fennel seeds, powdered sugar, flavoring agents, and perfuming materials. Pan masala is prepared with precise measurements to maintain a delicate balance of all ingredients that ensure optimum taste. It is widely consumed to freshen the breath, improve digestion post meals, and prevent an upset stomach. Pan masala provides a refreshing feeling, invigorates the tastebuds, and revitalizes the senses. It also contains stimulant herbs and spices that provide antibacterial properties and boost energy.

Indian Pan Masala Market Trends:

The rising product consumption post-meal as a traditional mouth freshener is one of the primary factors driving the market growth in India. Pan masala is widely consumed after heavy and spice-rich meals to prevent bad breath, improve digestion, and support dental hygiene and oral health. In addition, the increasing product demand due to the surging awareness among individuals regarding the harmful effects of tobacco-based products is acting as another growth-inducing factor. Apart from this, aggressive promotional campaigns by manufacturers through advertisements and celebrity endorsements that promote the product as a status symbol in society are positively influencing the market growth. Additionally, the introduction of innovative product variants with exotic flavors, such as chocolate, cardamom saffron, Gulkand, and silver-coated betel nuts, is propelling the market growth. In line with this, the launch of tobacco-free and herbal products rich in vitamins and antioxidants that provide a relaxing effect, aid in curing insomnia, reduce tobacco dependency, improve mood, and minimize adverse health impacts is favoring the market growth. Moreover, the introduction of innovative packaging solutions, such as resealable pouches that enhance consumer convenience and retain freshness over an extended period, is providing a thrust to the market growth. Other factors, including the rising expenditure capacity of consumers and easy product availability across various e-commerce platforms, are anticipated to drive the market growth.

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Competitive Landscape With Key Players:

The competitive landscape of the pan masala market in India has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the pan masala market in India on the basis of type, price, packaging and region.

Breakup by Type:

• Pan Masala with Tobacco
• Plain
• Flavored
• Others

Breakup by Price:

• Premium
• Non-Premium

Breakup by Packaging:

• Pouch
• Cans
• Others

Breakup by Region:

• Uttar Pradesh
• Bihar
• Maharashtra
• Madhya Pradesh
• Odisha
• Jharkhand
• Delhi
• Others

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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