Indian Pan Masala Market to Grow at a CAGR of 3.80% During 2024-2032, Aided by Widespread Popularity

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 is expected to grow at a CAGR of 4.5% in the forecast period of 2024-2032. 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.

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Key findings from the report:

• Various types of pan masala available in the Indian market include pan masala containing tobacco, plain pan masala, and flavoured pan masala, among others. Pan masala containing tobacco dominate the market with a share of more than a half of the total market in 2020. It was followed by plain pan masala, flavoured pan masala and others.

• The majority of the Indian pan masala market is highly unorganised and is surrounded by a few players, namely, DS GROUP, Manikchand Group, Godfrey Phillips India Ltd, Kothari Product Limited, Trimurti Fragrances Pvt. Ltd, Sugandha Exports, Dharampal Premchand Limited, and Red Rose Group, among others.

• Among these players, Rajnigandha represented the largest manufacturer of pan masala accounting for the majority of the market share. It was followed by RMD, Pan Vilas, Pan Parag and others.
• These players are coming up with improvements in distribution across both the urban and rural areas.

Expert Market Research has analysed the Indian pan masala market according to type, price range, packaging, distribution channel, region, and top players:

Market breakup by Type

• Pan Masala Containing Tobacco

• Plain Pan Masala

• Flavoured Pan Masala

• Others

Market breakup by Price Range

• Premium

• Non-Premium

Market breakup by Packaging

• Pouch

• Cans

• Others

Market breakup by Distribution Channel

• Offline

• Online

Market segmentation by Region

• North India

• East and Central India

• West India

• South India

Top players

• DS Group

• Manikchand Group

• JMJ group

• Godfrey Phillips India Ltd.

• Kothari Product Limited

• Dharampal Premchand Limited

• Shikhar Group

• Pan Bahar Products Private Limited

• Dinesh Pouches Private Limited

• KP Group

• Red Rose Group

• Others

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