AyurvedicMarket Size And Forecast
AyurvedicMarket size was valued at USD 6.50 Billion in 2020 and is projected toreach USD 21.12 Billion by 2028, growing at a CAGR of 15.63% from 2021 to2028.

The Ayurvedic Market is undergoing tremendous growth owing to the rising awarenessamong the population about the side effects of allopathic medicines. Also, theease of availability and growing awareness about the benefits of the productsare driving a positive impact factor on market growth. Moreover, expandingmedical tourism is also contributing to boost the growth of the market. TheGlobal Ayurvedic Market report provides a holistic evaluation of the market forthe forecast period. The report comprises various segments as well as ananalysis of the trends and factors that are playing a substantial role in themarket.

GlobalAyurvedic Market Definition
Ayurvedais an ancient Indian system of medicine that arose from the word Ayurveda whichis from the hearts of Indian sub-continents. It comprises spices, naturalherbs, and plant-based medicines and is a practice of alternative medicine.Approximately 80 percent of people in India practice some form of traditionalmedicine, a class that incorporates Ayurveda. These therapies are employed allover the world to serve the goal of general wellness.

Thecentral focus of Ayurvedic medicines is to benefit the human race to live long,strong, and healthy, without depending upon any remedies, complicatedsurgeries, or other painful interferences. The practicing nations include SriLanka, Nepal, and Myanmar and as such is equivalent to Chinese and Europeantraditional systems of medicine. The ingredients of Ayurveda are extensivelyapplicable in cosmetics, health supplements, personal care products, Oral CareProducts, and drugs.

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GlobalAyurvedic Market Overview

Someof the driving factors promoting the market growth involve increasing demandfor natural and organic products, rising consumer awareness and rising demandfor ayurvedic cosmetics products, expanding medical tourism globally. Organicskincare products are achieving a firm grip and the market is anticipated toexpand even further. Moreover, to expand the consumer base, anti-wrinkle &anti-aging creams are predicted to drive the market growth. Furthermore,increasing medical tourism worldwide is anticipated to propel the global AyurvedicMarket growth.

Thereare certain limitations and barriers experienced that will limit the marketgrowth. The factors such as lack of optimum therapeutics, lack of a killerinstinct in the ayurvedic industry, and stringent regulations are the potentialrestraints hampering the overall growth of the global Ayurvedic Market.Nevertheless, the continuous developments in technologies, practicaldevelopments in ayurvedic medicines, and untapped potential in emerging marketsoffer favorable growth opportunities.

GlobalAyurvedic Market Segmentation Analysis
TheGlobal Ayurvedic Market is Segmented on the basis of Product, DistributionChannel, And Geography.

AyurvedicMarket, By Product
•Drugs
• Hair Care Products
• Health Care Products
• Oral Care Products
• Others

Basedon Product, the market is bifurcated into Drugs, Hair Care Products, HealthCare Products, Oral Care Products, Others. The personal care products segmentholds the largest market share during the forecast period. The factors that canbe attributed to rising awareness of personal care products, changes inconsumption patterns and lifestyles, and improved purchasing power of women,are accelerating the demand for this segment.

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AyurvedicMarket, By Distribution Channel

•Supermarkets
• Pharmacies
• Departmental Stores
• Beauty Spa/Salon
• Others

Basedon Distribution Channel, the market is bifurcated into Supermarkets,Pharmacies, Departmental Stores, Beauty Spa/Salon, Others. The supermarket’ssegment holds the largest market share during the forecast period. Supermarketsare the process of selling ayurvedic products or services to customers throughmultiple channels of distribution to earn a profit. They satisfy demandidentified over a supply chain.

AyurvedicMarket, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of Geography, the Global Ayurvedic Market is classified into NorthAmerica, Europe, Asia Pacific, and Rest of the world. Asia-Pacific holds thelargest market share. The rich tradition of herbal medicines led by India,Indonesia, Myanmar, Sri Lanka, and others. The presence of establishedayurvedic manufacturing units, strong governmental initiatives, and ongoingprojects will boost the market in the APAC region.

KeyPlayers
The“Global Ayurvedic Market” study report will provide a valuable insight with anemphasis on the global market including some of the major players such as Emami Limited, Charak Pharma Pvt.Ltd., Vicco Laboratories, Patanjali Ayurved Limited, Leverayush, Dabur IndiaLimited, Shree Baidyanath Ayurved Bhawan Pvt. Ltd., and Himalaya DrugCompany. Our market analysis also entails a sectionsolely dedicated to such major players wherein our analysts provide an insightinto the financial statements of all the major players, along with its productbenchmarking and SWOT analysis. The competitive landscape section also includeskey development strategies, market share, and market ranking analysis of theabove-mentioned players globally.

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