Ayurveda is a traditional system of medicine that originated in India over 5000 years ago. It is based on the belief that health and wellness depend on a delicate balance between the mind, body, and spirit. The word “Ayurveda” is derived from the Sanskrit words “Ayus” which means life, and “Veda” which means knowledge.
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The global Ayurvedic Market revenue is poised to reach a valuation of USD 23.36 billion by 2032 from USD 6.63 billion in 2022, at a CAGR of 15.02% during the forecast period 2023-2032.
Ayurveda, an ancient Indian medical system, utilizes natural herbs, spices, and plant-derived medicines as a form of alternative medicine. Practiced by 80% of the Indian population, it is also widely used in Sri Lanka, Myanmar, and Nepal. The goal of Ayurveda is to promote overall health without the need for pharmaceuticals or invasive procedures. Ayurvedic ingredients are commonly found in oral care, health supplements, cosmetics, and personal care products, as well as pharmaceuticals.
The market for ayurvedic products is primarily driven by consumer demand for natural, minimal cosmetics and an increasing focus on product innovation. The market for ayurvedic health and personal care products is expected to be dominated by healthcare items, particularly moisturizers for newborn whole-body care. Moreover, an increasing number of women who prefer natural and minimum cosmetics has led to a rise in the global sales of Ayurvedic goods.
Key Players in the Global Market to Focus on Expanding their Customer Base
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
Major Players Driving the Growth of the Ayurvedic Market:
- Emami Limited
- Charak Pharma Pvt. Ltd.
- Vicco Laboratories
- Patanjali Ayurved Limited
- Leverayush, Dabur India Limited
- The Himalaya Drug Company
- SHREE BAIDYANATH AYURVED BHAWAN PVT. LTD.
- Herbal Hills
- Natreon
- Amongst
SEGMENTATION
By Distribution Channel
- Supermarket
- Pharmacies Stores
- Departmental stores
- Beauty Stores
By Products
- Healthcare
- Personal Care
- Skincare
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By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
Why Purchase the Report?
- The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
- The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
- Understand the current market scenario and viability of the global market over the forecast period.
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Some of the key questions answered in this report:
- What can we estimate about the anticipated growth rates and also the global ayurvedic industry size by 2032?
- What will happen in the coming existing and emerging markets?
- What will the market development pace of market?
- Which are the five top players in ayurvedic market?
- How will the ayurvedic market change in the upcoming years?
TABLE OF CONTENTS-
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Ayurvedic Market
Chapter 5. Global Ayurvedic Overview, By Disease Type, 2017 – 2030(USD Million)
Chapter 6. Global Ayurvedic Overview, By Type, 2017 – 2030(USD Million)
———Continued
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Recent Developments:-
In June 2021: Marico, a major FMCG company, announced that it acquired 60% share in Apcos Naturals Private Limited for an undisclosed sum. Just Herbs is an ayurvedic cosmetics brand launched in 2010 by Apcos Naturals Private Limited, a company co-founded by Brand Director Megha Sabhlok and CEO Arush Chopra. Developments:
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