Ayurvedic Products Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Page: 384 | Report Code: CG22130602 | Research Suite: Report (PDF) & Market Data (Excel)

Request Sample Pages to Get Table of Content

Introduction: -

Ayurvedic products typically comprise personal care and healthcare products that are used for different medical treatments. These products have very few adverse effects and assist in the detoxification of the toxic poisons present in the body. The global ayurvedic products market includes players engaged in developing and launching various products, including ayurvedic medicines, ayurvedic nutraceuticals, dietary supplements, skincare, make-up, oral care, hair care, and fragrance products. The ayurvedic products market is projected to flourish at a compounded annual growth rate (CAGR) of 13.5% during the forecast period of 2022-2030.

Growth Drivers:

Governments across major developing regions across the globe, especially India, are putting increased efforts into encouraging the usage of various ayurvedic products. They are offering subsidies and are also launching several awareness programmes to raise their adoption. Moreover, the overall distribution network of ayurvedic products has enhanced robustly, thereby improving the accessibility of these products across both the urban and rural regions. Also, per capita expenditures of people on healthcare products have also witnessed a tremendous surge over the last few years, mainly due to growing disposable incomes and economic growth. All these factors are primarily driving the growth of the global ayurvedic products market.

Moreover, the leading market players present in the ayurvedic product market are increasingly focusing on developing and introducing innovative ayurvedic products to compel and attract a more extensive set of consumers. They are also emphasizing generating awareness among consumers regarding the benefits of these products, which is slated to bode tremendously well for the global ayurvedic products market in the upcoming years.

Furthermore, the enhancing global demand for natural and organic products, the growing medical tourism industry across the globe, the escalating health concerns and awareness pertaining to the side-effects of western medicines, the proliferating demand for ayurvedic cosmetics products, the burgeoning usage of traditional techniques for medical purposes, the increasing number of working women and their preference for chemical-free ayurvedic cosmetics, and the rising number of research activities & collaborations among ayurvedic organizations & companies are among other major factors contributing to the growth of the global ayurvedic products market.

However, the dearth of stringent regulations and optimum treatments in the ayurvedic industry are expected to hinder the growth of the global market to a certain extent during the forecast period of 2022-2030.

Ayurvedic Products Market Segmentation:

By Product Type:

·         Personal Care Products

o   Hair Care & Fragrances

o   Skin Care

o   Oral Care

o   Make-Up

 

·         Healthcare Products

o   Ayurvedic Medicines

o   Ayurvedic Nutraceuticals

o   Dietary Supplements

 

By Mode of Sales:

·         Retail Sale

·         Online Sale

 

By Market Type:

·         Organized

·         Unorganized

 

By Application:

·         Cancer Treatments

·         Respiratory Disorders

·         Mental Health

·         Nervous System Disorders

·         Diabetes

·         Skin Diseases

·         Cardiovascular Diseases

·         Autoimmune Diseases

·         Other Applications

 

By Distribution Channel:

·         Supermarkets/Hypermarkets

·         Specialty Stores

·         Pharmacy Stores

·         Convenience Stores

·         E-commerce

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Ayurvedic Products Market: Product Type Review:

Based on product type, the global ayurvedic products market is segmented into personal care products and healthcare products. The personal care products segment captured the largest share of the market in 2021, and this trend is expected to continue throughout the forecast period of 2022-2030.  The surging awareness regarding personal care products and consumers' rapidly changing lifestyles and consumption patterns are predominantly ascribed to the large share of the personal care products segment.

 

Ayurvedic Products Market: Distribution Channel Review:

Based on distribution channel, the global ayurvedic products market is classified into supermarkets/hypermarkets, specialty stores, pharmacy stores, convenience stores, e-commerce, and others. The supermarkets/hypermarkets segment led the market in 2021. The segment is estimated to retain its dominance further in the market during the forecast period of 2022-2030. The increasing number of supermarkets/hypermarkets across the globe and the easy availability of a wide variety of well-sought products in these markets are among the major factors driving the high growth of this particular segment.

 

Regional Outlook:

The ayurvedic products research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.

 

The Asia Pacific region commanded the largest share of the global ayurvedic products market in 2021, followed by Europe and North America. The region is predicted to maintain its lead further in the market during the forecast period of 2022-2030. Major factors attributable to the large share and high growth of the market in the region include the increased adoption and popularity of ayurvedic products, the presence of well-established ayurvedic manufacturing units and an expanding traditional medicines industry, the rising exports of ayurvedic products to major parts of the globe, the proliferating demand for herbal and natural healthcare products, the growing urbanization, the escalating innovations by manufacturers, and the ever-increasing large consumer base in the region. India, Indonesia, Myanmar, Sri Lanka are the leading contributors to the market in the Asia Pacific region.

 

The European region is anticipated to experience significant growth during the forecast period owing to is expected to have the second-largest share in the global Ayurvedic medicines market throughout the forecast period due to the elevating awareness and interest among people regarding India’s cultural customs & traditions, including ancient Sanskrit based ethnobotanical medicine scriptures.

 

The report also identifies the country market outlook for ayurvedic products, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Ayurvedic Products Market:

The research report offers a competitive analysis of prominent companies operating in the global ayurvedic products market. Some of the leading players profiled in the market research report include:

·         Dabur India Ltd.

·         The Himalaya Drug Company

·         Natreon Inc.

·         Emami Group

·         Maharishi Ayurveda

·         Baidyanalh

·         Shahnaz Husain Group

·         Vicco Laboratories

·         Amrutanjan Healthcare

·         Charak Pharma

·         Botique

·         Patanjali Ayurved Limited

·         Basic Ayurveda

·         Herbal Hills

·         Planet Ayurveda

·         Other Players

Buy Report

  • $1990
  • $3150