Global India Asafoetida Market Size Study Estimates by Sales Channel (Traditional (Offline Sales), Modern (Online Sales) and Regional Forecasts 2017-2025
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Global India Asafoetida Market valued approximately USD xxx billion in 2016 is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2017-2025. Asafoetida is a resinous gum of a tall perennial herb, with strong carrot-shaped roots. This is of yellow in colour with a pungent smell. It is used as a flavoring agent and forms a constituent of many spice mixtures. In India its use is increasing in Ayurveda, to improve digestion and appetite. It also provides relieves in colic and flatulence. This is also used in Malaysia for abdominal distress. In Japan it is used as a vermifuge and for stomachache.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- By Sales Channel
- Traditional (Offline Method)
- Modern (Online Sales)
By Regions:
- Asia Pacific
- India
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are LG & Co, Vandevi, Laxmi, NS, Patanjali, Satya dev, Krishna 755; Gopal, Parth, Bad shah, Cycle, Ramdev Hing. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global India Asafoetida in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
The research for global India Asafoetida Market focuses deeply on the entire value chain of the market. However, the market size estimates are purely based on the consumer side of the value chain wherein the market sizes have been calculated by analyzing the average demand for India Asafoetida Market across various applications.
The revenue for global India Asafoetida Market is calculated as sum market sizes of different segments such as sales channel size and regions. Further, some other key data points considered to calculate the revenue for global India Asafoetida Market includes:
- Revenues from key companies
- Key company market share analysis
- Consumer spending analysis
- Regional export and import analysis
- Sales revenue generated by various applications in different geographies
An extensive primary and secondary research has been conducted on key industry people, through questionnaires, telephonic conversations, email conversations, and interviews to verify the market estimations. Various government websites/portals and paid data sources are considered as a key source of secondary research.
We utilize a combination of bottom-up & top-down methodology for market estimations & forecasts. Additionally, we employ data triangulation techniques to verify each of the market estimates and forecasts through primary interviews and feedbacks.
All the estimates are derived from simulation models which is our proprietary technique. Each of these models is different from each other are a combination of correlation, regression and time series analysis. Each of these models is basically divided into two types namely economic and technological. Economical models are used to determine short-term market estimates and technological models are used for long-term estimates & forecasts.