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市場調查報告書
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1599972

阿魏市場報告:2030 年趨勢、預測與競爭分析

Asafoetida Market Report: Trends, Forecast and Competitive Analysis to 2030

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3個工作天內

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簡介目錄

阿魏趨勢和預測

全球阿魏市場的未來很可能在乳白阿魏和紅色阿魏市場有機會。預計 2024 年至 2030 年,全球阿魏市場將以 4.8% 的複合年成長率成長。該市場的主要促進因素是消費者對異國風香辛料和烹飪品種的認知不斷提高,以及對天然和傳統烹飪原料的興趣日益濃厚。

  • 從產品來看,Lucintel 預計線下業務在預測期內將實現高速成長。
  • 從分銷管道來看,乳白細辛預計在預測期內將出現高成長。
  • 從地區來看,亞太地區預計將在預測期內實現最高成長。

阿魏市場的策略性成長機會

阿魏市場的特點是市場各領域都有成長機會。這些機會是由消費行為和產業動態的變化所驅動的。

  • 保健食品的成長:消費者尋求更天然、更健康的選擇的趨勢不斷成長,這為將阿魏添加到食品中創造了機會。考慮到阿魏在增強消化功能方面的作用,公司可以推出食品阿魏的保健和機能性食品。
  • 純素和植物性產品:素食主義的興起擴大了含有阿魏作為香料的植物性產品的市場。這種趨勢促進了創意產品配方的開發,以滿足這個市場。
  • 民族料理和融合美食:隨著人們對多樣化美食的接受度不斷提高以及不同烹飪風格的不斷結合,阿魏擴大被添加到餐廳菜單中。阿魏獨特的味道讓廚師受益匪淺,也吸引了好奇的美食家。
  • 電子商務的擴張:電子商務的發展為中小型生產商提供了有效銷售產品的平台。透過開設網路商店,製造商可以滿足消費者尋求特殊成分的需求。
  • 有機產品:有機和合乎道德生產的阿魏的開發吸引了具有環保意識的消費者。永續性可以幫助您的品牌在飽和的市場中脫穎而出並提高客戶忠誠度。

這些成長機會有望推動阿魏市場的發展,並推動顯著的成長和創新,以滿足多樣化的消費者需求。

阿魏市場推廣因素及挑戰

阿魏市場受到決定其成長和發展的幾個促進因素/挑戰的影響。了解這些因素對於行業相關人員至關重要。

推動阿魏市場的因素是:

  • 令人胃口大開的融合美食:消費者在烹飪方面變得越來越富有冒險精神,推動了對阿魏等異國風香辛料的需求。這一趨勢使得廚師和主廚能夠將阿魏融入各種菜餚中。
  • 電子商務的成長:網路購物趨勢使消費者更容易獲得各種香辛料,包括阿魏。電子商務業者正在幫助消費者找到並訂購這種特殊成分。
  • 永續性:人們對永續性的認知不斷增強,促使生產者採取永續籌資策略。這項改變符合消費者的偏好,也有利於保護環境。
  • 烹飪趨勢:隨著全球食品復興,阿魏的使用範圍正在擴展到傳統印度美食之外。將阿魏加入融合菜中進一步增加了其需求。

阿魏市場面臨的挑戰是:

  • 品質保證威脅:維持標準和驗證阿魏的地理來源很困難,導致許多生產者改變生產水準。為了維持消費者的信任,公司必須隨時維持產品品質。
  • 市場競爭:阿魏市場面臨來自各種其他香辛料和調味品的競爭。每個品牌都致力於透過獨特的行銷策略來贏得消費者的忠誠度。
  • 有些地區缺乏知識:儘管阿魏有許多好處,但在某些國家仍然相對不為人知。需要努力教育消費者了解其用途和功效。

這些因素和挑戰對於阿魏市場非常重要,影響市場成長並指導管理行動。了解這些動態可以讓相關人員有效地在市場中定位自己並利用現有機會。

目錄

第1章執行摘要

第2章全球阿魏市場:市場動態

  • 簡介、背景、分類
  • 供應鏈
  • 產業促進因素與挑戰

第3章 2018-2030年市場趨勢及預測分析

  • 宏觀經濟趨勢(2018-2023)與預測(2024-2030)
  • 全球阿魏市場趨勢(2018-2023)與預測(2024-2030)
  • 全球阿魏市場:依產品
    • 乳白色細辛
    • 紅細辛
  • 全球阿魏市場:依分銷管道分類
    • 離線
    • 線上

第4章 2018-2030年區域市場趨勢及預測分析

  • 全球阿魏市場(按地區)
  • 北美阿魏市場
  • 歐洲阿魏市場
  • 亞太阿魏市場
  • 其他地區阿魏市場

第5章 競爭分析

  • 產品系列分析
  • 營運整合
  • 波特五力分析

第6章 成長機會與策略分析

  • 成長機會分析
    • 按產品分類的全球阿魏市場成長機會
    • 按分銷管道分類的全球阿魏市場成長機會
    • 按地區分類的全球阿魏市場成長機會
  • 全球阿魏市場新趨勢
  • 戰略分析
    • 新產品開發
    • 擴大全球阿魏市場的產能
    • 全球阿魏市場的合併、收購和合資企業
    • 認證和許可

第7章主要企業概況

  • Aachi Masala
  • Anu Foods
  • Dabur
  • Dhanhar Exim
  • DS Group
  • Everest Food Products
  • Simhas Spices & Herbals
  • Hingwala
  • Laljee Godhoo
  • Mahashian Di Hatti
簡介目錄

Asafoetida Trends and Forecast

The future of the global asafoetida market looks promising with opportunities in the milky white asafoetida and red asafoetida markets. The global Asafoetida market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing consumer consciousness regarding exotic spices and culinary variety and increasing interest in natural and traditional ingredients for food preparation.

  • Lucintel forecasts that, within the product category, offline is expected to witness higher growth over the forecast period.
  • Within the distribution channel category, milky white asafoetida is expected to witness higher growth over the forecast period.
  • In terms of regions, APAC is expected to witness the highest growth over the forecast period.

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Emerging Trends in the Asafoetida Market

Like any other market, the asafoetida market is changing due to several new phenomena that reflect how consumer tastes are shifting, as well as innovations related to these developments. All these trends are altering the market and the attractiveness of asafoetida.

  • Health and Wellness Focus: Increasing health consumerism has resulted in higher demand for natural products with therapeutic properties. Due to its health benefits, including digestive support and anti-inflammatory characteristics, asafoetida is popular among health-oriented consumers.
  • Increased Adoption of Vegan and Vegetarian Diets: With the rise in popularity of plant-based diets, more people are using asafoetida, particularly because it adds taste without animal products. Its distinct flavor is essential for preparing a variety of vegan dishes.
  • Sustainable Sourcing Practices: Growing consumer concern over sustainability has led producers to adopt greener farming and purchasing practices, responding to the demand for better sourcing. This trend enhances the marketing of asafoetida and its acceptance among environmentally conscious consumers.
  • Global Culinary Integration: Asafoetida is becoming popular in cuisines beyond Indian cooking. Professional and amateur cooks are incorporating its flavor into their dishes, leading to wider use of this ingredient and a growing demand for it.
  • Growth of E-commerce Platforms: The proliferation of online grocery shopping is making Asafoetida a common product. Customers can view and buy specialty ingredients on e-commerce websites, facilitating market expansion.

These trends help grow the asafoetida market by increasing the categories into which the products can be used, enhancing the attractiveness of the products, and aligning them with current consumer preferences.

Recent Developments in the Asafoetida Market

The asafoetida market is undergoing significant changes, some indicative of the increasing importance of the market, particularly in cooking and health applications. These changes are crucial for the future of the market.

  • Improved Processing Techniques: Technological innovations in processing have enhanced the quality and flavor of asafoetida. Better extraction techniques have increased the strength and reliability of the product, attracting consumers and food makers.
  • Product Diversification: Manufacturers are adding various forms of asafoetida, including powder, capsules, and combinations with other herbal ingredients, depending on consumer demographics. This diversification aims to fit various tastes and usage activities.
  • Increased Awareness Campaigns: There is a rise in campaigns to educate consumers about the health and cooking benefits of using asafoetida. Recent marketing initiatives aim to position this food category as one that helps people feel and look better.
  • Engaging with Influencers: The promotion of asafoetida is facilitated by collaborations with chefs and food bloggers through social media and cooking shows. This helps increase awareness among the target audience and widens the circle of consumers willing to try the spice.
  • Emphasis on Quality Control: With rising demand for asafoetida, suppliers have begun enforcing more rigorous quality control procedures to protect the quality and authenticity of the product. This focus on quality builds consumer confidence and loyalty to brands.

These developments positively impact the asafoetida market by enhancing product quality, increasing audience interest, and expanding product usage in various cuisines.

Strategic Growth Opportunities for Asafoetida Market

The asafoetida market is characterized by growth opportunities in different segments of the market. These opportunities are driven by changing consumer behaviors and industry dynamics.

  • Growth in Health Care Nutraceuticals: The growing trend of consumers seeking more natural and healthy options creates opportunities for incorporating asafoetida into food products. Companies can introduce health products and functional foods based on asafoetida, considering its role in enhancing digestive performance.
  • Vegan and Plant-Based Products: With the rise of veganism, the market for plant-based products is expanding, which includes asafoetida as a flavoring agent. This trend fosters the development of creative product formulations to satisfy this market.
  • Ethnic and Fusion Cuisines: The greater acceptance of diverse cuisines and the growing trend of combining different culinary styles offer opportunities for including asafoetida on restaurant menus. Its distinctive taste can benefit chefs and attract exploratory eaters.
  • E-Commerce Expansion: The growth of e-commerce provides a platform for small and medium-sized producers to effectively market their products. The creation of online shops allows manufacturers to meet the needs of consumers seeking specialty ingredients.
  • Organic Products: The development of organic and ethically produced asafoetida will appeal to environmentally conscious consumers. Sustainability can help brands differentiate themselves in a saturated market while building customer loyalty.

These growth opportunities are poised to propel the asafoetida market forward, inspiring significant growth and innovation to meet diverse consumer needs.

Asafoetida Market Driver and Challenges

The asafoetida market is influenced by several drivers and challenges that determine its growth and development. For industry players, it is crucial to understand these factors.

The factors driving the asafoetida market include:

  • Mouth-Watering Food Fusion: Consumers are increasingly adventurous in their cooking, leading to higher demand for exotic spices such as asafoetida. This trend enables cooks and chefs to incorporate it into a wider range of dishes.
  • E-commerce Growth: The online shopping trend makes it easier for consumers to obtain various spices, including asafoetida. E-commerce businesses assist people in finding and ordering this particular ingredient.
  • Sustainability: Growing awareness of sustainability is prompting producers to adopt sustainable sourcing strategies. This shift aligns with consumer preferences and helps protect the environment.
  • Culinary Trend: The global food renaissance is expanding the use of asafoetida beyond traditional Indian cuisine. Its incorporation into fusion dishes is further increasing demand.

Challenges in the asafoetida market include:

  • Quality Assurance Threats: Maintaining standards and verifying the geographical origin of asafoetida is challenging, and many producers have altered their production levels. It is important for companies to consistently uphold product quality to maintain consumer trust.
  • Market Competition: The asafoetida market faces competition from various other spices and flavoring agents. All brands are striving to win consumer loyalty by employing unique marketing strategies.
  • Limited Knowledge in Some Regions: Despite the benefits of the product, asafoetida remains less known in some countries. Efforts are needed to educate consumers about its uses and benefits.

These factors and challenges are critical for the asafoetida market, as they influence market growth and guide managerial actions. With an understanding of these dynamics, stakeholders can position themselves effectively in the market and capitalize on existing opportunities.

List of Asafoetida Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies asafoetida companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the asafoetida companies profiled in this report include-

  • Aachi Masala
  • Anu Foods
  • Dabur
  • Dhanhar Exim
  • DS Group
  • Everest Food Products
  • Simhas Spices & Herbals
  • Hingwala
  • Laljee Godhoo
  • Mahashian Di Hatti

Asafoetida by Segment

The study includes a forecast for the global asafoetida by product, distribution channel, and region.

Asafoetida Market by Product [Analysis by Value from 2018 to 2030]:

  • Milky White Asafoetida
  • Red Asafoetida

Asafoetida Market by Distribution Channel [Analysis by Value from 2018 to 2030]:

  • Offline
  • Online

Asafoetida Market by Region [Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Asafoetida Market

There are developments in the asafoetida market, primarily due to rising awareness of its health benefits, increased culinary usage of the product, and growing markets in the US, China, Germany, India, and Japan. Utilized as both a spice and a medicinal ingredient, asafoetida is rapidly becoming a favorite among health-oriented individuals and food lovers alike. Changes in sourcing, processing, and new product strategies are transforming the market, making asafoetida more prevalent across various food types and dietary styles.

  • United States: The growth of the asafoetida market in the US is driven by rising interest in vegetarianism, healthy diets, and natural taste enhancers. With globalization, more consumers are willing to try different types of food, leading to greater use of foreign spices. The asafoetida trend is increasing, not only in Indian cuisine but also in contemporary dishes. The availability of asafoetida in health food stores and online shops is expanding, making it easier to purchase. Furthermore, due to its effects on bowel function, it is being incorporated into dietary supplements, broadening its market base.
  • China: Interest in the asafoetida market is growing in China as consumers begin to recognize the cooking and health benefits of this product. Traditionally viewed as a seasoning for specific regional cuisines, asafoetida is now being used in common kitchens, particularly in vegetarian and vegan meals. The trend of online grocery shopping simplifies purchasing, thereby increasing sales. Additionally, collaboration between local producers and foreign brands is enhancing product quality and marketing, establishing asafoetida as an all-purpose ingredient in various cuisines.
  • Germany: The Asafoetida market in Germany is experiencing growth due to the trend of using natural and organic ingredients. There is a notable demand for spices that provide both taste and health benefits. Asafoetida is included in healthy food lines and gourmet cooking. Its increasing popularity is further supported by the rise in restaurants serving ethnic cuisines. Moreover, policies favoring natural products are creating a niche market among health-conscious consumers, making asafoetida even more appealing.
  • India: India remains a major player in the asafoetida market, being the largest producer and consumer of the spice. There is a focus on improving quality and cultivation methods, with many producers shifting to organic practices. Consumption levels in India continue to rise, given the spice's extensive use in food and Ayurvedic treatments. Export opportunities are also increasing as foreign consumers develop a taste for Indian spices. Campaigns have been initiated to promote the consumption of asafoetida due to its health benefits.
  • Japan: In Japan, the asafoetida market is gradually expanding as cross-cultural dishes and international cuisines gain popularity. Although this ingredient was not widely used until recently, it is now being incorporated into meals and embraced for its health benefits. Its inclusion in vegan and vegetarian dishes is particularly noteworthy. With rising health awareness among the Japanese population, there is an increasing demand for digestive and anti-inflammatory options. Asafoetida is now available alongside other rare spices in retail stores, enhancing its market viability.

Features of the Global Asafoetida Market

Market Size Estimates: Asafoetida market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Asafoetida market size by product, distribution channel, and region in terms of value ($B).

Regional Analysis: Asafoetida market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, distribution channels, and regions for the asafoetida market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the asafoetida market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the asafoetida market by product (milky white asafoetida and red asafoetida), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Asafoetida Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global Asafoetida Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global Asafoetida Market by Product
    • 3.3.1: Milky White Asafoetida
    • 3.3.2: Red Asafoetida
  • 3.4: Global Asafoetida Market by Distribution Channel
    • 3.4.1: Offline
    • 3.4.2: Online

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global Asafoetida Market by Region
  • 4.2: North American Asafoetida Market
    • 4.2.1: North American Market by Product: Milky White and Red Asafoetida
    • 4.2.2: North American Market by Distribution Channel: Offline and Online
  • 4.3: European Asafoetida Market
    • 4.3.1: European Market by Product: Milky White and Red Asafoetida
    • 4.3.2: European Market by Distribution Channel: Offline and Online
  • 4.4: APAC Asafoetida Market
    • 4.4.1: APAC Market by Product: Milky White and Red Asafoetida
    • 4.4.2: APAC Market by Distribution Channel: Offline and Online
  • 4.5: ROW Asafoetida Market
    • 4.5.1: ROW Market by Product: Milky White and Red Asafoetida
    • 4.5.2: ROW Market by Distribution Channel: Offline and Online

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Asafoetida Market by Product
    • 6.1.2: Growth Opportunities for the Global Asafoetida Market by Distribution Channel
    • 6.1.3: Growth Opportunities for the Global Asafoetida Market by Region
  • 6.2: Emerging Trends in the Global Asafoetida Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Asafoetida Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Asafoetida Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: Aachi Masala
  • 7.2: Anu Foods
  • 7.3: Dabur
  • 7.4: Dhanhar Exim
  • 7.5: DS Group
  • 7.6: Everest Food Products
  • 7.7: Simhas Spices & Herbals
  • 7.8: Hingwala
  • 7.9: Laljee Godhoo
  • 7.10: Mahashian Di Hatti