Posted on 19 Dec 2018
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 INR 51,679 Crores in 2018 and is further expected to reach nearly INR 97,148 Crores by 2024. 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.
Click here for view the summary of report: https://expertmarketresearch.com/reports/pan-masala-market
Key findings from the report:
Expert Market Research has analysed the Indian pan masala market according to type and top players:
Market breakup by Type
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