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Question posted: 07 20 2010 03:17:01 +0000,
2 answers, 992 views, last activity
07 20 2010 05:12:38 +0000
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I would like a brief a introduction of the pain balm market of India?
a) Major Players
b) Value of the Market?
c)Price point
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daer ranjeet - the balm market is classified into 2 categories -- cold balms and pain balms - again they are further categorized as liquid balms and rub balms -- nearly all of them are ayurvedic or herbal in formulation. the market leaders are brands like amrutanjan balm, vicks, zandu balm and tiger balm -- 50% of market share belongs to vicks cold gel, 15% share is held by amrutanjan pain balm which is very strong in south india. zandu balm is more north india specific balm having a market share of 8% rest of the market is held by various regional brands like moov, and even some chinese,korean traditional brands like tiger balm etc have also made some in roads into the market. i estimate the total balm market cold as well as pain would be around 300 crores and growing at the rate of 10%. please note balm market is not an ethical brand market but a complete OTC market.companies marketing pain balm brands spend 30% of their marketing budget for such products on advertisement and brand promotion to grab share.
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Will somebody help me with scenario of pain balm category in India, major players, value of the market? |