Ayurveda Market Booming at a CAGR of 15.06% to hit USD 23,810.04 million by 2030

Ayurveda Market is expected to grow USD 23,810.04 million at a CAGR 15.06% during the forecast 2021-2030.

Ayurvedic medicine is a homeopathic system that’s several thousands of years old and is derived from Ayurvedic plants. The system started in India approximately 5,000 years ago when the Aryans invaded India.

The market is fragmented and consists of many companies:  small, medium, and large. These companies, command about 80% of the Indian Ayurvedic market. Many Ayurvedic scientists have incorporated Ayurvedic herbs into modern supplements, nutraceuticals, and functional foods. These goals are to provide a natural and balanced diet for those who take these.

Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6166

In recent years, ayurvedic medicines and foods have become popular (especially in the West) because they are designed to keep humans as strong and healthy as possible. Many Western cosmetics and various nutritional and personal care products use Ayurvedic herbs and plants.

The WHO has endorsed the Ayurvedic system and has recommended that as many people worldwide as possible follow it.

COVID-19 has helped the Ayuvedic market by increasing the demand for the products that use its herbs and plants.

Most companies have registered growth rates ranging from 50 – to 90% during the pandemic and post-pandemic periods. For example, demand for honey has increased by 45% since the pandemic’s start.

The weather conditions don’t always favor the growth of high-quality and high-yielding Ayurvedic plants and herbs. This is a significant restraint in the global Ayurvedic market. Using lower quality ingredients in Ayurvedic products shortens their shelf lives considerably. Therefore, some people are against buying these products.

More people are aware of the harmful effects of various chemicals and ingredients in personal care and food products on their health and the environment. They prefer products made using Ayurvedic ingredients since these are perceived to be healthier and more natural. This is a significant opportunity in the global Ayurvedic market.

The global Ayurvedic industry lacks global standards and quality control processes. Therefore, many companies have complained about not adhering to international standards and quality control processes.

Segment overview

By application

The global Ayurvedic market can be groped into medicine, personal care, and others based on application.

By disease pattern

The global Ayurvedic market can be grouped into the nervous system, respiratory system, gastrointestinal tract, cardiovascular system, infectious disease, skeletal system, skin, hair, and others based on disease pattern.

By source

The global Ayurvedic market can be grouped into animals and vegetables based on the source.

By form

The global Ayurvedic market can be grouped into herbal, herbo-mineral, mineral, and others based on form.

By end-user

The global Ayurvedic market can be grouped into academia and research, hospitals, clinics, and others.

By distribution

The global Ayurvedic market can be grouped into organized, over-the-counter, and others based on distribution.

By region

The global Ayurvedic market can be grouped into Asia-Pacific, the European Union, North America, the Middle East, and Africa.

Regional analysis

The Asia-Pacific region is expected to lead the pack in market share for the forecast period. The reason is that the Ayurvedic market and tradition started in this region. India had the largest market share in 2016 and was the world’s largest exporter of Ayurvedic products.

Russia comes in second place in market share, and the United States comes third.

Industry news

Dabur India is the world’s largest and most respected scientific Ayurvedic firm. It introduced two new and revolutionary products recently.

Patanjali is the world’s leading Ayurvedic company. It recently acquired a mid-cap firm listed on both the American and Indian stock exchanges.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/ayurveda-market-6166

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Related Reports:

Monoclonal Antibody Custom Service Market

Malocclusion Market

Thyroid Disorder Market

Cardiopulmonary Exercise Testing Market

Pharmaceutical Grade Lactose Market

Tags: Ayurveda Market Research, Ayurveda Market, Ayurveda Market Analysis, Ayurveda Market News See Campaign: https://www.marketresearchfuture.com/reports/ayurveda-market-6166

Contact Information:

Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America +1 646 845 9312 Email: [email protected]

Tags:
Wire, Research Newswire, English