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Asafoetida (hing)

Asafoetida is the English name for the dried latex (gum oleoresin) exuded from the rhizome or tap root of several species of Ferula, a perennial herb that grows 1 to 1.5 m (3.3 to 4.9 ft) tall. It is part of the celery family Apiaceae. Asafoetida is thought to be in the same genus as silphium, a plant now believed to be extinct, and was used as a cheaper substitute for that historically important herb. Asafoetida It’s a hard, resinous gum derived from a perennial fennel plant that’s grayish-white when fresh but darkens with age to yellow, red and eventually brown. Asafoetida comes from the dried sap extracted from the stem and roots of a plant species that belongs to the carrot family and is used as a spice. The resin is difficult to grate and is traditionally crushed between stones or with a hammer. Asafoetida is a resinous gum of a tall perennial herb, with strong carrot-shaped roots. This is of yellow in colour with a pungent smell. It is used as a flavoring agent and forms a constituent of many spice mixtures. In India its use is increasing in Ayurveda, to improve digestion and appetite. It also provides relieves in colic and flatulence. The global asafoetida market to grow at a CAGR close to 6% during the forecast period. Besides apparel and a plethora of other items, grocery items are also becoming popular on online shopping portals. Online platforms are expected to become key distribution channels for asafoetida sales during the forecast period.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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