India Asafoetida (Hing) Market- Trend Analysis & Forecasts
Description
India Asafoetida (Hing) Market Overview:
India plays a critical role in the global asafoetida (hing) market, both as a key processor and exporter. In 2022–23, India imported 1.441 thousand tonnes of raw asafoetida worth US$ 187.88 million, mainly from Afghanistan, and processed it into compounded asafoetida for domestic use and re-export. Major export destinations include the UAE (22% share), Nepal, USA, Malaysia, and Singapore. Asafoetida holds deep cultural and culinary significance in India, where it is processed in regions such as Punjab, Himachal Pradesh, and Kashmir. The country’s expertise in spice processing and favorable trade positioning help it maintain dominance in global supply.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India asafoetida (hing) market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The market is expanding due to rising consumer preference for natural and authentic flavors, particularly in food and beverage products. Increasing health awareness and asafoetida’s recognized benefits for digestion and respiratory health are boosting demand. India is also widening its export markets, supported by its strong spice-processing ecosystem and global interest in natural flavor enhancers. Government initiatives encouraging domestic cultivation through research institutions such as CIMAP and ICAR, financial incentives, and farmer training are expected to reduce import dependency over time.
Market Restraints & Challenges
Growth is constrained by limited cultivation areas, as asafoetida thrives only in specific climates like those in Afghanistan and parts of Iran. Price volatility in raw material supply, currency fluctuations, and geopolitical risks impact cost stability. Maintaining consistent quality during resin extraction, processing, and storage remains challenging. India’s supply chain infrastructure faces bottlenecks, including poor storage, transportation limitations, and dependence on traditional methods. The long maturation cycle of asafoetida plants and shortage of trained processing specialists further hinder scalability.
Market Segmentation
Asafoetida demand is driven by its application in food & beverage and pharmaceuticals. In food, compounded asafoetida powder is widely used as a flavor enhancer in curries, sauces, and pickles and is gaining traction in international cuisines. The pharmaceutical industry uses asafoetida for its digestive and respiratory health benefits, while alternative medicine and wellness products also contribute to rising consumption. Indian demand for compounded asafoetida is estimated at ** thousand tonnes annually, with steady growth expected as natural ingredients gain popularity.
Competitive Landscape
India’s asafoetida market is highly competitive, with established spice brands dominating production, processing, and exports. Leading players include Everest Spices, MDH, Ramdev Food Products, JK Spices, Catch Foods, Eastern Condiments, Suhana Masale, Aachi Spices, Laljee Godhoo & Co., Malligha Asafoetida Company, Synthite Industries, Vidya Herbs, Royal Spices, Mane Kancor Ingredients, Jabs International, and Plant Lipids. Traditional methods still prevail in many areas, but companies are increasingly adopting modern processing technologies to improve quality, shelf life, and export competitiveness.
Outlook
India’s asafoetida market is expected to grow steadily, supported by rising global demand for natural flavors, health-conscious consumption trends, and expansion into new export markets. Domestic efforts to achieve self-reliance in cultivation could reduce import dependency, while advances in processing technology and quality control may enhance global competitiveness. However, managing price volatility, supply chain inefficiencies, and quality consistency will be crucial for sustaining long-term growth and reinforcing India’s status as a price-influencing leader in the global asafoetida trade.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (White Asafoetida and Red Asafoetida)
By Sales (Domestic Consumption (Direct & Processing) and Exports)
• Companies Profiled: The market players include, verest Spices, MDH Spices, Ramdev Food Products Pvt. Ltd., JK Spices & Food Products, Catch Foods, Eastern Condiments Private Limited, Pravin/ Suhana Masale, Aachi Spices & Foods Pvt Ltd., Laljee Godhoo & Co., Malligha Asafoetida Company (M.A.C.), Synthite Industries Ltd., Vidya Herbs Pvt. Ltd., Royal Spices, Mane Kancor Ingredients, Jabs International Pvt Ltd., Plant Lipids (P) Ltd., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
India plays a critical role in the global asafoetida (hing) market, both as a key processor and exporter. In 2022–23, India imported 1.441 thousand tonnes of raw asafoetida worth US$ 187.88 million, mainly from Afghanistan, and processed it into compounded asafoetida for domestic use and re-export. Major export destinations include the UAE (22% share), Nepal, USA, Malaysia, and Singapore. Asafoetida holds deep cultural and culinary significance in India, where it is processed in regions such as Punjab, Himachal Pradesh, and Kashmir. The country’s expertise in spice processing and favorable trade positioning help it maintain dominance in global supply.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India asafoetida (hing) market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The market is expanding due to rising consumer preference for natural and authentic flavors, particularly in food and beverage products. Increasing health awareness and asafoetida’s recognized benefits for digestion and respiratory health are boosting demand. India is also widening its export markets, supported by its strong spice-processing ecosystem and global interest in natural flavor enhancers. Government initiatives encouraging domestic cultivation through research institutions such as CIMAP and ICAR, financial incentives, and farmer training are expected to reduce import dependency over time.
Market Restraints & Challenges
Growth is constrained by limited cultivation areas, as asafoetida thrives only in specific climates like those in Afghanistan and parts of Iran. Price volatility in raw material supply, currency fluctuations, and geopolitical risks impact cost stability. Maintaining consistent quality during resin extraction, processing, and storage remains challenging. India’s supply chain infrastructure faces bottlenecks, including poor storage, transportation limitations, and dependence on traditional methods. The long maturation cycle of asafoetida plants and shortage of trained processing specialists further hinder scalability.
Market Segmentation
Asafoetida demand is driven by its application in food & beverage and pharmaceuticals. In food, compounded asafoetida powder is widely used as a flavor enhancer in curries, sauces, and pickles and is gaining traction in international cuisines. The pharmaceutical industry uses asafoetida for its digestive and respiratory health benefits, while alternative medicine and wellness products also contribute to rising consumption. Indian demand for compounded asafoetida is estimated at ** thousand tonnes annually, with steady growth expected as natural ingredients gain popularity.
Competitive Landscape
India’s asafoetida market is highly competitive, with established spice brands dominating production, processing, and exports. Leading players include Everest Spices, MDH, Ramdev Food Products, JK Spices, Catch Foods, Eastern Condiments, Suhana Masale, Aachi Spices, Laljee Godhoo & Co., Malligha Asafoetida Company, Synthite Industries, Vidya Herbs, Royal Spices, Mane Kancor Ingredients, Jabs International, and Plant Lipids. Traditional methods still prevail in many areas, but companies are increasingly adopting modern processing technologies to improve quality, shelf life, and export competitiveness.
Outlook
India’s asafoetida market is expected to grow steadily, supported by rising global demand for natural flavors, health-conscious consumption trends, and expansion into new export markets. Domestic efforts to achieve self-reliance in cultivation could reduce import dependency, while advances in processing technology and quality control may enhance global competitiveness. However, managing price volatility, supply chain inefficiencies, and quality consistency will be crucial for sustaining long-term growth and reinforcing India’s status as a price-influencing leader in the global asafoetida trade.
Scope of the Report:
• Historical Years: 2018-2022
• Base Year: 2023
• Forecast Period: 2024-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Type (White Asafoetida and Red Asafoetida)
By Sales (Domestic Consumption (Direct & Processing) and Exports)
• Companies Profiled: The market players include, verest Spices, MDH Spices, Ramdev Food Products Pvt. Ltd., JK Spices & Food Products, Catch Foods, Eastern Condiments Private Limited, Pravin/ Suhana Masale, Aachi Spices & Foods Pvt Ltd., Laljee Godhoo & Co., Malligha Asafoetida Company (M.A.C.), Synthite Industries Ltd., Vidya Herbs Pvt. Ltd., Royal Spices, Mane Kancor Ingredients, Jabs International Pvt Ltd., Plant Lipids (P) Ltd., and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
158 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Commodity/ Market Overview
- 3.1. Evolution/ Origin & Geographic Suitability
- 3.2. Ferula assa-foetida Crop Seasonality
- 3.3. Processing & Grading
- 3.4. Regulatory Analysis
- 4. India Country Profile
- 5. India Asafoetida (Hing) Market Growth Factors Analysis
- 5.1. Drivers and Restraints Analysis
- 5.2. Challenges and Opportunities Analysis
- 5.3. India Asafoetida (Hing) Industry SWOT Analysis
- 5.4. India Asafoetida (Hing) Market PESTEL Analysis
- 5.5. India Asafoetida (Hing) Market Porter's Five Forces analysis
- 6. India Asafoetida (Hing) Market: Supply Analysis
- 6.1. India Asafoetida (Ferula assa-foetida) Crop Analysis (Area and Production)
- 6.2. India Asafoetida Production Trend
- 7. India Asafoetida (Hing) Market: Demand Analysis
- 7.1. Domestic Consumption
- 7.2. Processing
- 7.3. Export Demand
- 7.4. Asafoetida Supply Chain Analysis
- 8. India Asafoetida Market: Trade (Export & Import) Analysis
- 8.1. India Asafoetida Export Trend Analysis
- 8.2. Top 10 Export Destinations of India Asafoetida & it’s Derivatives
- 9. India Asafoetida Market: Price Trend Analysis
- 9.1. Domestic Price Trend
- 9.2. Export Price Trend
- 9.3. Price Seasonality & Price Pattern Analysis
- 9.4. Price Events Analysis
- 10. Competitive Analysis
- 10.1. List of Key Countries Importing Asafoetida from India
- 10.2. List of Key Companies Exporting & Importing Asafoetida & its Extracts from India
- 10.3. Company Profiles
- 10.3.1. Everest Spices
- 10.3.2. Everest Spices
- 10.3.3. MDH Spices
- 10.3.4. Ramdev Food Products Pvt. Ltd.
- 10.3.5. JK Spices & Food Products
- 10.3.6. Catch Foods
- 10.3.7. Eastern Condiments Private Limited
- 10.3.8. Pravin/ Suhana Masale
- 10.3.9. Aachi Spices & Foods Pvt Ltd.
- 10.3.10. Laljee Godhoo & Co.
- 10.3.11. Malligha Asafoetida Company (M.A.C.)
- 10.3.12. Synthite Industries Ltd.
- 10.3.13. Vidya Herbs Pvt. Ltd.
- 10.3.14. Royal Spices
- 10.3.15. Mane Kancor Ingredients
- 10.3.16. Jabs International Pvt Ltd.
- 10.3.17. Plant Lipids (P) Ltd.
- 11. Conclusion
- 12. Appendix
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