The Annonaceae family, classified under the division of flowering plants, includes tropical and midlatitude trees and shrubs, with 105 genera and 2500 species, many found in India's peninsular region. The family is significant for its economic value, with species like Annona squamosa and Cananga odorata cultivated for their edible fruits and fragrant flowers used in the perfume industry. Key characteristics include woody stems, simple leaves, and various flower morphologies including numerous stamens and carpels.