DUBLIN–(BUSINESS WIRE)–The “India Mehndi Cone Market | Outlook, Forecast, Size, Trends, Value, Revenue, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT: Market Forecast By Types, By Organized And Unorganized, By Seasons, By Regions And Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
The India Mehndi Cone Market is primarily driven by rising demand from wedding industry which is expected to reach up to INR 38 lakh crore over the next 10 years.
Furthermore, the increasing per capita GDP and disposable income have enabled people to spend lavishly on weddings thereby increasing consumer expenditure on quality herbal mehndi cones which is expected to augment the growth of India mehndi market during the forecast period.
However, the market was affected in 2020 by the pandemic, which resulted in lockdown and government restrictions on mass gathering during wedding and festive season thereby declining the sales of mehndi cones. Additionally, the limitations put forward by the government restricting the number of people that could attend a wedding during pandemic negatively impacted the sales of mehndi cones.
According to the publisher, India Mehndi Cone Market revenue is projected to grow at a CAGR of 8.1% during 2022-2028. This sector is a significant part of the Asia Pacific Mehndi Cone Market. India mehndi cone market revenues recorded significant growth in the previous years owing to growth in wedding industry and increased consumer festive spending post-covid and the same trend is expected in the coming years on account of rapidly growing wedding industry which is expected to reach up to INR 38 lakh crore in next 10 years coupled with increasing festive spending by people.
Additionally, the wedding events made a robust comeback in 2021 with cities like Mumbai, Bengaluru and Hyderabad hosting the highest number of marriages which surged the demand for mehndi cones. The Mehndi Cone Market in India will remain one of the most prominent markets.
The Indian wedding industry has always existed as a key driver of the nation’s economy owing to its rapidly growing large wedding industry which never witnessed a slowdown until Covid-18 pandemic. The India wedding industry is estimated to have a worth over INR 6 lakh crore with an annual growth rate of between 25-30% and around 1 crore weddings per year.
Market by Types
Natural mehndi garnered the maximum revenue share in India mehndi cone market in 2021 on account of increased consumer preference for herbal and natural products coupled with penetration of key market players like Velnik India Pvt. Ltd. and Prem Green Pvt. Ltd. in this segment. This segment will continue to retain its dominance in the future.
Market by Organized and Unorganized
Unorganized accounted for the highest revenue share in 2021 in mehndi cone market of India owing to presence of large number of scattered small market players in this sector across all Indian states coupled with wide variety of mehndi cones offered by unorganized sector at different price range. The segment is expected to witness growth in the future years on account of it being preferred by a large number of people as the consumers primarily focusses on which mehndi cone would give the darkest colour rather than on brand name.
Market by Seasons
Autumn acquired the majority revenue share in India mehndi cone market in 2021 and would continue to dominate the market during the forecast period owing to it being the season which witnesses largest number of weddings annually among all seasons.
Market by Regions
The western region was the largest revenue shareholder in India’s mehndi cone market in the year 2021. The same segment will continue to evolve in the India Mehndi Cone Market.
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
By Organized Vs Unorganized
By Seasons
By Regions
Key Topics Covered:
1. Executive Summary
2. Introduction
3. India Mehndi Cone Market Overview
4. India Mehndi Cone Market Dynamics
5. India Mehndi Cone Market Trends
6. India Mehndi Cone Market Overview, By Types
7. India Mehndi Cone Market Overview, By Organized Vs Unorganized
8. India Mehndi Cone Market Overview, By Seasons
9. India Mehndi Cone Market Overview, By Regions
10. India Mehndi Cone Market – Key Performance Indicators
11. India Mehndi Cone Market – Opportunity Assessment
12. India Mehndi Cone Market – Competitive Landscape
13. Company Profiles
14. Disclaimer
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/sdsnxs
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