Ayurveda Market Share is Expected to Witness Healthy Valuation of USD 23.81 Billion at a 15.06% CAGR by 2030

Ayurveda Market Research Report Information By Form (Herbal, Herbomineral, and Mineral), By Application (Medicinal and Personal Care), By Disease Pattern (Respiratory System, Nervous Systems, Gastrointestinal Tract, Cardiovascular System, Infectious Diseases, and Skeletal System), By End User (Academia & Research, and Hospitals & Clinics), By Source (Vegetable, and Animal & Mineral), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030

Market Research Future Insights

According to MRFR analysis, the global Ayurveda market is expected to register a CAGR of 15.06% from 2022 to 2030 and is expected to hold a value of over USD 23.81 billion by 2030.

Ayurveda is a traditional Indian system of medicine that has been practiced for thousands of years. It is based on the concept of balancing the body, mind, and spirit to promote health and prevent disease. The global Ayurveda market includes a wide range of products and services, such as herbal supplements, personal care products, and Ayurvedic therapies.

The Ayurveda market has experienced a significant impact due to the COVID-19 pandemic. As people are becoming more health-conscious and are looking for natural remedies to boost their immunity, the demand for Ayurvedic products has increased. However, the supply chain disruptions and restrictions on international trade have affected the production and distribution of Ayurvedic products in many countries.

Key Players

Some of the top market players are Leverayush, Shree Baidyanath Ayurved Bhawan Pvt. Ltd., Himalaya Drug Company, Kerala Ayurveda Ltd., Amrutanjan Healthcare Limited, Hamdard Laboratories, Forest Essentials.

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Market Segmentation

The Global Ayurveda market has been segmented into based on form, source, application and disease pattern.    

Based on form: herbal, herbomineral, and mineral.

Based on the source: vegetables and animals & minerals.

Based on application: medicinal and personal care.

Based on disease pattern: respiratory system, nervous system, gastrointestinal tract, cardiovascular system, infectious diseases, skeletal system, and skin & hair.

Based end-user: academia & research and hospitals & clinics.

Regional Analysis

 The Ayurveda market is primarily concentrated in India, where it originated and has been practiced for centuries. However, the market is also growing in other regions, such as North America, Europe, and Asia-Pacific. The increasing popularity of Ayurvedic products and services in these regions is driven by the growing awareness about the benefits of natural remedies and the increasing demand for alternative and complementary medicine.

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In India, the Ayurveda market is expected to grow significantly in the coming years, driven by the government’s initiatives to promote traditional medicine and the growing demand for Ayurvedic products among the country’s large population. In North America and Europe, the market is expected to grow due to the increasing adoption of Ayurvedic practices by health-conscious consumers. In Asia-Pacific, the market is expected to grow due to the increasing popularity of Ayurvedic products in countries such as China and Japan.

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