Global Asafoetida Market is primarily composed of two categories: milky white asafoetida and red asafoetida. In 2020, APAC had the biggest share of the market, accounting for over 58%, followed by EMEA and the Americas. However, the Americas are predicted to have the biggest incremental growth from 2021 to 2023 followed by EMEA.

One of the significant trends in the global asafoetida market is online distribution channels. Groceries are becoming increasingly popular on online shopping platforms, in addition to fashion and a variety of other things. From 2021 to 2023, online platforms are likely to become important distribution avenues for asafoetida sales.

Consumers benefit from online purchases because they make shopping easier, save time, and deliver orders quickly. Small retailers and vendors can improve their visibility and profitability by selling their products online.

In recent years, asafoetida product producers such as Patanjali Ayurveda have added the option of shopping directly from their websites to their online retailing platforms. Because it is a hassle-free experience, online grocery shopping is becoming more popular around the world. Amazon, Walmart, Tesco, Abbate, Natures Basket, and Big Basket are among the fastest-growing online retailers globally. As a result, asafoetida sellers are increasingly focusing on the internet-savvy customer group and entering the online retail format.

In the current pandemic situation, the consumption of asafoetida has increased globally because of its health benefits, the global asafoetida market will grow by US$ 54 million from 2021 to 2023, progressing at a CAGR of 6% during the period.

Asafoetida is linked to a number of health benefits, which has increased its popularity. Irritable bowel syndrome (IBS), gas, acidity, indigestion, and bloating are all conditions that asafoetida is used to treat. It possesses anti-inflammatory effects that aid in the removal of toxins from the digestive tract and the restoration of normal stomach pH levels. Asafoetida can also be used to treat respiratory conditions such as dry cough, asthma, and bronchitis.

When applied to the chest, its paste has antiviral and antibacterial properties that reduce chest congestion and aid in the smooth discharge of cough. Furthermore, asafoetida provides a number of hair and scalp benefits. It aids in the retention of moisture in the scalp, preventing frizz and dryness in the hair. It also thickens and strengthens hair, preventing excessive hair loss and dandruff. As a result of these benefits, the global asafoetida market is likely to have a positive outlook from 2021 to 2023.

Apart from health benefits, the global asafoetida market is being driven by advancements in packaging and current herbal techniques. Asafoetida is a key ingredient in many current herbal remedies. It’s used in a variety of pharmacological actions and is currently being tested in a number of clinical trials. Flatulence, epilepsy, influenza, cancer, sterility, miscarriage, premature labor, leucorrhoea, and blood pressure are among the conditions for which it is prescribed. Chemical experiments for chemo-protective treatment and lipid profile are also underway using ferule asafoetida.

India is considered as one of the largest consumers of asafoetida but never succeeded in growing this spice until recently in 2020. The key market driver for asafoetida in India is the high consumption in the form of food and medicine. Since India consumes 40% of the world’s asafoetida, it has started growing it locally. India still imports around 1200 tonnes of raw asafoetida from Iran, Afghanistan, and Uzbekistan, worth US$ 130 million imported every year. The raw asafoetida is extracted from the roots of Ferula asafoetida as oleo gum resin. There are approx. 130 species of Ferula but only Ferula asafoetida is used for manufacturing asafoetida and consumption purposes.

We, Malligha Asafoetida Company (M.A.C.) are one of the leading manufacturers and exporters in India of compound asafoetida (ferula asafoetida) since 1996. We practice the most efficient manufacturing methods to ensure consistently high quality asafoetida at our state-of-the-art manufacturing facility with a core emphasis on global hygiene and food safety management standards.

We are ISO 22000:2018 certified by TUV, Halal Certified, and practitioners of GMP and 5S since 2014. Our product mix traditionally consists of asafoetida powder, asafoetida lumps, and asafoetida pellets in packing ranging from 20g, 50g, 100g, 200g, 500g, 1kg and also in 10kg, 25kg, 50kg for bulk packing.