Global Incense Market Size To Exceed USD 4.62 Billion By 2033: Forecast Analysis Report

Global Incense Market Size To Exceed USD 4.62 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Incense Market Size is Expected to Grow from USD 2.55 Billion in 2023 to USD 4.62 Billion by 2033, Growing at a CAGR of 6.12% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Incense Market Size, Share, and COVID-19 Impact Analysis, By Product (Stick Incense, Cone Incense, Coil Incense, Powder Incense, and Others), By Ingredient (Wood, Resin, Essential Oils, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The worldwide incense market refers to the segment of the consumer goods industry that focuses on the production, distribution, and consumption of incense products. Incense, derived from natural plant materials like resins, woods, herbs, and essential oils, is burned to release fragrant smoke, creating a pleasant atmosphere. The market growth is driven by its widespread use for religious ceremonies, meditation, aromatherapy, and air purification. Moreover, market expansion is driven by factors such as increasing demand for holistic wellness products, spiritual practices, with high demand for natural alternatives. However, the high volatility of prices and strict regulatory intervention due to rising respiratory diseases might restrict the market expansion.

The cone incense segment held for a significant share of the global incense market in 2023 and is predicted to grow at a rapid pace over the forecast period.

On the basis of the product, the global incense market is divided into stick incense, cone incense, coil incense, powder incense, and others. Among these, the cone incense segment held for a significant share of the global incense market in 2023 and is predicted to grow at a rapid pace over the forecast period. This segment growth is driven by it leaves very little residue after burning completely, and its strong fragrance release makes it a popular choice for aromatherapy and meditation.

The wood segment held for the highest share of the global incense market in 2023 and is expected to grow at a significant CAGR over the forecast period.

On the basis of the ingredient, the global incense market is differented into wood, resin, essential oils, and others. Among these, the wood segment held for the highest share of the global incense market in 2023 and is expected to grow at a substantial CAGR over the forecast period. This is due to they are rich, fragrant, and it is frequently used in religious and ceremonial contexts because of its historical and cultural significance.

Asia Pacific is estimated to hold the highest share of the global incense market over the forecast period.

Asia Pacific is anticipated to hold the greatest share of the global incense market over the forecast period. The regional market growth is influenced by ancient cultural and religious daily rituals in countries such as Thailand, Japan, and India. While the incense market is expected to continue to dominate due to the rising acceptance of aromatherapy.

Europe is predicted to grow at the fastest CAGR of the global incense market over the forecast period. The regional market growth is accelerated because of the usage of incense in home décor and healthy habits, with a growing preference for sustainable products.

Company Profiling 

Major vendors in the global incense market are N. Ranga Rao & Sons Pvt. Ltd., Shoyeido Incense Co., Dukes Aromatics, Gonesh Incense, HEM Corporation, Hari Darshan Sevashram Pvt. Ltd., Moksha International, Padmini Products, Cycle Pure Agarbathies, Pradhan Perfumers, Sree Vani Perfumery Works, Essence of the Ages, Ramakrishna Perfumery Works, Auroshikha Agarbathies, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In November 2023, Zed Black Agarbatti rolled out a campaign that featured MS Dhoni, celebrating the spirit of collective prayers during the ICC Cricket World Cup 2023. The partnership aligned with the brand's ethos of spreading positivity and inspiring communities.

Market Segment                                           

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global incense market based on the below-mentioned segments: 

Global Incense Market, By Product

• Stick Incense
• Cone Incense
• Coil Incense
• Powder Incense
• Others

Global Incense Market, By Ingredient

• Wood
• Resin
• Essential Oils
• Others

Global Incense Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa