Ayurveda Market Information by application (medicinal, personal care), by disease pattern (respiratory system, nervous systems, gastrointestinal tract, cardiovascular system, infectious diseases, skeletal system, skin and hair), by source (vegetable, animal and mineral), by form (herbal, herbomineral, mineral), by end-users (academia and research, hospitals and clinics), by distribution (organized, over the counter) - Forecast to 2030
ID: MRFR/Pharma/4707-HCR | February 2021 | Region: Global | 100 Pages
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Ayurveda Market, by Source
6.1 Introduction
6.2 Vegetable
6.3 Animal
6.4 Mineral services
Chapter 7. Global Ayurveda Market, by Disease pattern
7.1 Introduction
7.2 Respiratory System
7.3 Nervous Systems
7.4 Gastrointestinal Track
7.5 Cardiovascular System
7.6 Infectious Diseases
7.7 Skeletal System
7.8 Skin and Hair Problems
7.9 Others
Chapter 8. Global Ayurveda Market, by Application
8.1 Hair Care & Fragrances
8.2 Skin Care
8.3 Oral Care
8.4 Ayurvedic Medicines
8.5 Ayurvedic Nutraceuticals
8.6 Dietary Supplements
8.7 Others
Chapter 9. Global Ayurveda Market, by Form
9.1 Introduction
9.2 Herbal
9.3 Herbomineral
9.4 Mineral
9.5 Others
Chapter 10. Global Ayurveda Market, by Distribution
10.1 Introduction
10.2 Retail Sale
10.3 Online Sale
10.4 Over the Counter
10.5 Others
Chapter 11. Global Ayurveda Market, by End Users
11.1 Introduction
11.2 Pharmaceutical Companies
11.3 Biotechnology Companies
11.4 Medical Device Companies
11.5 Food and Beverage Companies
11.6 Others
Chapter 12. Global Ayurveda Market, by Region
12.1 Introduction
12.2 America
12.2.1 North America
12.2.1.1 US
12.2.1.2 Canada
12.2.2 South America
12.3 Europe
12.3.1 Western Europe
12.3.1.1 Germany
12.3.1.2 France
12.3.1.3 Italy
12.3.1.4 Spain
12.3.1.5 UK
12.3.1.6 Rest of Western Europe
12.3.2 Eastern Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 Republic of Korea
12.4.6 Rest of Asia-Pacific
12.5 Middle East & Africa
12.5.1 United Arab Emirates
12.5.2 Saudi Arabia
12.5.3 Oman
12.5.4 Kuwait
12.5.5 Qatar
12.5.6 Rest of the Middle East & Africa
Chapter 13. Company Landscape
13.1 Introduction
13.2 Market Share Analysis
13.3 Key Development & Strategies
13.3.1 Key Developments
Chapter 14 Company Profiles
14.1 Amrutanjan Health Care Ltd.
14.1.1 Company Overview
14.1.2 Type Overview
14.1.3 Financials
14.2.4 Key Developments
14.1.5 SWOT Analysis
14.2 Zandu Pharmaceuticals Works Ltd.
14.2.1 Company Overview
14.2.2 Type Overview
14.2.3 Financial Overview
14.2.4 Key Developments
14.2.5 SWOT Analysis
14.3 WELEX Laboratories Pvt. Ltd
14.3.1 Company Overview
14.3.2 Type Overview
14.3.3 Financial Overview
14.3.4 Key Development
14.3.5 SWOT Analysis
14.4 Lotus Herbals
14.4.1 Company Overview
14.4.2 Type/Business Segment Overview
14.4.3 Financial Overview
14.4.4 Key Development
14.4.5 SWOT Analysis
14.5 Khadi Natural
14.5.1 Company Overview
14.5.2 Type Overview
14.5.3 Financial overview
14.5.4 Key Developments
14.5.5 SWOT Analysis
14.6 Surya Herbal Ltd.
14.6.1 Company Overview
14.6.2 Type Overview
14.6.3 Financial Overview
14.6.4 Key Developments
14.6.5 SWOT Analysis
14.7 Maxcure Nutracedics Ltd.
14.7.1 Overview
14.7.2 Type Overview
14.7.3 Financials
14.7.4 Key Developments
14.7.5 SWOT Analysis
14.8 Dabur India Ltd.
14.8.1 Overview
14.8.2 Type Overview
14.8.3 Financials
14.8.4 Key Developments
14.8.5 SWOT Analysis
14.9 AVA Products & Services
14.9.1 Overview
14.9.2 Type Overview
14.9.3 Financials
14.9.4 Key Developments
14.9.5 SWOT Analysis
14.10 Vicco Laboratories
14.10.1 Overview
14.10.2 Type Overview
14.10.3 Financials
14.10.4 Key Developments
14.10.5 SWOT Analysis
14.11 The Himalaya Drug Company
14.11.1 Overview
14.11.2 Type Overview
14.11.3 Financials
11.11.4 Key Developments
14.11.5 SWOT Analysis
14.12 Patanjali Ayurved Limited
14.12.1 Overview
14.12.2 Type Overview
14.12.3 Financials
14.12.4 Key Developments
14.12.5 SWOT Analysis
14.13 Others
Chapter 15 Appendix
LIST OF TABLES
Table 1 Global Ayurveda Market, Industry Synopsis, 2020–2027
Table 2 Global Ayurveda Market, Estimates & Forecast, 2020–2027, (USD Million)
Table 3 Global Ayurveda Market, by Region, 2020–2027, (USD Million)
Table 4 Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 5 Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 6 Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 7 Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 8 Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 9 Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 10 North America: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table11 North America: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 12 North America: Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 13 North America: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 14 North America: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 15 North America: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 16 US: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 17 US: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 18 US: Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 19 US: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 20 US: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 21 US: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 22 Canada: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 23 Canada: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 24 Canada: Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 25 Canada: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 26 Canada: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 27 Canada: Global Ayurveda Testing Market, by End Users, 2020–2027, (USD Million)
Table 28 South America: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 29 South America: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 30 South America: Global Ayurveda Testing Market, by Application, 2020 –2027, (USD Million
Table 31 South America: Global Ayurveda Testing Market, by Form, 2020–2027, (USD Million)
Table 32 South America: Global Ayurveda Testing Market, by Distribution, 2020–2027, (USD Million)
Table 33 South America: Global Ayurveda Testing Market, by End Users, 2020–2027, (USD Million)
Table 34 Europe: Global Ayurveda Testing Market, Source, 2020–2027, (USD Million)
Table 35 Europe: Pyrogen Testing Market, by Disease pattern, 2020 –2027, (USD Million)
Table 36 Europe: Pyrogen Testing Market, by Application, 2020 –2027, (USD Million)
Table 37 Europe: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 38 Europe: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 39 Europe: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 40 Western Europe: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 41 Western Europe: Global Ayurveda Market, by Disease pattern ,2020 –2027, (USD Million)
Table 42 Western Europe: Global Ayurveda Market, by Application,2020 –2027, (USD Million)
Table 43 Western Europe: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 44 Western Europe: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 45 Western Europe: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 46 Eastern Europe: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 47 Eastern Europe: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 48 Eastern Europe: Global Ayurveda Market, by Patent Type, 2020 –2027, (USD Million)
Table 49 Eastern Europe: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 50 Eastern Europe: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 51 Eastern Europe: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 52 Asia-Pacific: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 53 Asia-Pacific: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 54 Asia-Pacific: Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 55 Asia-Pacific: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 56 Asia-Pacific: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 57 Asia-Pacific: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
Table 58 Middle East & Africa: Global Ayurveda Market, by Source, 2020–2027, (USD Million)
Table 59 Middle East & Africa: Global Ayurveda Market, by Disease pattern, 2020 –2027, (USD Million)
Table 60 Middle East & Africa: Global Ayurveda Market, by Application, 2020 –2027, (USD Million)
Table 61 Middle East & Africa: Global Ayurveda Market, by Form, 2020–2027, (USD Million)
Table 62 Middle East & Africa: Global Ayurveda Market, by Distribution, 2020–2027, (USD Million)
Table 63 Middle East & Africa: Global Ayurveda Market, by End Users, 2020–2027, (USD Million)
LIST OF FIGURES
Figure 1 Research Application
Figure 2 Market structure for the Global Ayurveda Market
Figure 3 Market Dynamics for the Global Ayurveda Market
Figure 4 Global Ayurveda Market Share, by Source 2020
Figure 5 Global Ayurveda Market Share, by Disease pattern, 2020
Figure 6 Global Ayurveda Market Share, by Application, 2020
Figure 7 Global Ayurveda Market Share, by Form, 2020
Figure 8 Global Ayurveda Market Share, by Distribution, 2020
Figure 9 Global Ayurveda Market Share, by End Users, 2020
Figure 10 Global Ayurveda Market Share, by Region, 2020
Figure 11 North America Global Ayurveda Market Share, by Country, 2020
Figure 12 Europe Prescribed Health Apps Share, by Country, 2020
Figure 13 Asia-Pacific Global Ayurveda MarketShare, by Country, 2020
Figure 14 Middle East & Africa Global Ayurveda Market Share, by Country, 2020
Figure 15 Global Ayurveda Market: Company Share Analysis, 2020 (%)
Figure 16 Amrutanjan Health Care Ltd.: Key Financials
Figure 17 Amrutanjan Health Care Ltd.: Segmental Revenue
Figure 18 Amrutanjan Health Care Ltd.: Geographical Revenue
Figure 19 Zandu Pharmaceuticals Works Ltd.: Key Financials
Figure 20 Zandu Pharmaceuticals Works Ltd.: Segmental Revenue
Figure 21 Zandu Pharmaceuticals Works Ltd.: Geographical Revenue
Figure 22 WELEX Laboratories Pvt. Ltd: Key Financials
Figure 23 WELEX Laboratories Pvt. Ltd: Segmental Revenue
Figure 24 WELEX Laboratories Pvt. Ltd: Geographical Revenue
Figure 25 Lotus Herbals: Key Financials
Figure 26 Lotus Herbals: Segmental Revenue
Figure 27 Lotus Herbals: Geographical Revenue
Figure 28 Khadi Natural: Key Financials
Figure 29 Khadi Natural: Segmental Revenue
Figure 30 Khadi Natural: Geographical Revenue
Figure 31 Surya Herbal Ltd.: Key Financials
Figure 32 Surya Herbal Ltd.: Segmental Revenue
Figure 33 Surya Herbal Ltd.: Geographical Revenue
Figure 34 Maxcure Nutracedics Ltd.: Key Financials
Figure 35 Maxcure Nutracedics Ltd.: Segmental Revenue
Figure 36 Maxcure Nutracedics Ltd.: Geographical Revenue
Figure 37 Dabur India Ltd.: Key Financials
Figure 40 Dabur India Ltd.: Segmental Revenue
Figure 41 Dabur India Ltd.: Geographical Revenue
Figure 42 AVA Products & Services: Key Financials
Figure 43 AVA Products & Services: Segmental Revenue
Figure 44 AVA Products & Services: Geographical Revenue
Figure 45 Vicco Laboratories: Key Financials
Figure 46 Vicco Laboratories: Segmental Revenue
Figure 47 Vicco Laboratories: Geographical Revenue
Figure 48 The Himalaya Drug Company: Key Financials
Figure 49 The Himalaya Drug Company: Segmental Revenue
Figure 50 The Himalaya Drug Company: Geographical Revenue
Figure 51 Patanjali Ayurved Limited: Key Financials
Figure 52 Patanjali Ayurved Limited: Segmental Revenue
Figure 53 Patanjali Ayurved Limited: Geographical Revenue
Ayurveda Market
Ayurveda market is anticipated to grow exponentially USD 23,810.04 million at a CAGR 15.06% during the forecast 2021-2030.
$23,810.04 million
Market Size
15.06%
CAGR
Asia-Pacific, North America, Europe, and the Middle East & Africa
Dominating Region
2021-2030
Forecast Period
Segmentation
Key Players
- Dabur
- Emami Group
- Zandu Pharmaceutical Works Ltd
- Baidyanath Group
- Vicco Labs
- Charak Pharma
- Patanjali Ayurved Ltd
- Hamdard laboratories
Drivers
- Rising awareness among the people regarding the benefits of Ayurveda products is fueling market growth
- Increasing incidence and prevalence of chronic diseases like rheumatic disorders
Ayurveda Market Overview
Ayurveda Market is expected to grow USD 23,810.04 million at a CAGR 15.06% during the forecast 2021-2030.
Ayurveda is one type of medical system derived from Ayurvedic natural herbs and plants. This is an Indian alternative medicine system with historical roots. The Ayurveda industry analysis has several large key players coupled with micro, small, and medium enterprises that capture the market share of 80 percent for Ayurveda in India. In previous years ago, scientists have integrated a few essential ayurvedic herbs such as turmeric, ginger, garlic, emblic, Curcuma, cumin, and Indian basil, and some other traditional dietary components within nutraceuticals, food supplements, and functional foods which provides the required individual dietary. These products have natural bio-active compounds and prevent diseases.
The main goal of the Ayurvedic medicines is to benefit humans to continue their lives strong, and healthy for a long period without depending upon any remedies, complicated surgeries, or other painful interferences. The Ayurvedic ingredients are extensively used in the applications of cosmetics, health supplements, personal care products, oral care products, and drugs. The World Health Organization (WHO) has declared the impetus to the adoption of the traditional systems of medicine like Ayurveda.
COVID-19 Analysis:
The COVID-19 outbreak has impacted almost all the business sectors. But the Ayurveda market is positively impacted by this outbreak. The demand for food supplements and immunity boosters is raised among consumers worldwide to withstand and fight against the COVID-19 pandemic. As most of the ayurvedic products are providing food supplements and immunity boosters which increases the Ayurveda market size during the pandemic.
Several companies, large and small have witnessed 50-90 % growth in the last quarter of the pandemic. Since March 2020, the demand for the Ayurveda market products like honey has raised to 45%, Chyawanprash by 85%, and turmeric by 40% in ayurvedic stores which is very high sales in the market history. In this way, the Ayurveda market size in India has been favored due to the pandemic and increased sales.
Market Dynamics:
Drivers:
Increasing the preference for herbal products like herbal tea, oats, corn flakes, biscuits, jam, cookies, spices, and almond oil which are produced by natural ingredients to maintain a healthy lifestyle is propelling the Ayurveda industry in India. The traditional practices have got the global acceptance for herbal and Ayurveda treatments are escalating the Ayurveda market in India. Hence various Ayurveda rejuvenation and therapeutic centers are established in states like Uttarakhand, Goa, Kerala, and Odisha which are increasing the Ayurveda market size in India.
Rising awareness among the people regarding the benefits of Ayurveda products is fueling market growth. Increasing incidence and prevalence of chronic diseases like rheumatic disorders, allergy, cardiology, and others are accelerating the Ayurveda market growth.
Restraint:
Due to adverse weather conditions in India, the yield of high-quality herbs and medicinal plants is reduced. Moreover, due to excessive use of pesticides and insecticides, the quality of herbs degrades with medicinal properties. As herbal and medicinal plants are the main ingredients of all Ayurveda products, the lack of high-quality plants results in deteriorating the quality of Ayurveda products & services which is restraining the Ayurveda market’s worth and its growth.
Opportunities:
Rising awareness among the consumers regarding the harmful effects of the chemicals on health, also used in the production of popular products like conventional skincare, haircare, body care, and other beauty care products and shifting their preference to the chemical-free herbal personal care products is creating an opportunity to boost the Ayurveda products market.
Challenges:
Several key players are not adhering to the quality standards for the products and services they offer which is a challenge to the growth of the market. In India, FPS (Finished Product Specifications), ISO (International Organization for Standardization), and GMP (Good Manufacturing Practice) are having the quality standards for their products. Moreover, the lack of scientific documentation for Ayurveda in developed nations like the US which is not licensed is limiting the demand for Ayurveda products in the USA. Lack of health insurance approval, scarcity of trained workforce, and lack of National Accreditation Board for Hospitals & Healthcare providers accreditation are the constraints for the prime market.
Study Objectives -
To provide detailed information about the market structure along with various forecast segments and sub-segments for the future years.
To provide the declining factors that are affecting the growth of the Ayurveda market value.
To analyze the Ayurveda market industry analysis based on factors-price analysis, supply chain analysis, etc.
To provide history and forecast revenue segments and sub-segments of the market revenue for the four main geographies.
To provide the country-level analysis of the current market size and forecast perspective.
To provide a strategic profile of the major companies in the market, analyze their core competencies, and draw a global market growth landscape.
To study new products launches, strategic alliances, mergers, and global market research.
Figure 1 Global Ayurveda Market by Applications, 2016 (% Market Share)
Segment Overview:
The Ayurveda medicine market has been divided into seven major forms globally based on disease pattern, application, source, end-users, distribution, form, and region.
Based on Application
The Ayurveda market applications are classified into medicinal, personal care, and others.
Based on Disease Pattern
Ayurveda based on disease patterns is categorized into various types such as the nervous system, respiratory system, gastrointestinal tract, cardiovascular system, infectious disease, skeletal system, skin and hair, and others.
Based on Source
The Ayurveda sources are bifurcated into vegetables ( seeds, roots, leaves and fruit, bark, and others) and animal (oils, bones, and others).
Based on Form
The Ayurveda market based on forms is analyzed into herbal, herbomineral, mineral, and others.
Based on End-user
By end-user, the Ayurveda industry is divided into academia and research, hospitals and clinics, over, and others.
Based on Distribution
The Ayurvedic medicine market by distribution is segmented into organized, over the counter, and others.
Based on Region
Region-wise, the Ayurveda market is divided into four main geographies like Asia-Pacific, Europe, North America, and the Middle East and Africa. Out of these regions, Asia-Pacific is holding the largest market share due to its rich tradition of herbal medicines in India, Srilanka, Pakistan, Myanmar, and others.
Regional Analysis -
Geographically, the Ayurveda market is classified into four major regions like Asia-Pacific, North America, Europe, and the Middle East & Africa. Among them, Asia-Pacific is holding the maximum Ayurvedic medicine market share for its rich tradition of herbal medicines in India, Srilanka, Pakistan, Myanmar, and others. In 2016, India is the largest Ayurveda market among others and holds almost USD 1200 million and exports the Ayurveda drugs nearly USD 64 million. The Psyllium and Senna are the major exports of the Indian Ayurveda which are expected to fuel the future of the Ayurveda industry in India.
Russia is accounting for the second largest market share followed by rising this market in the USA, Kazakhstan, Nepal, Ukraine, Japan, and the Philippines. Due to the growing demand for natural therapies, France, Germany, and U.K are leading this market in Europe.
Competitive Landscape
The prominent key players in the Ayurveda market outlook are the following:
- Dabur
- Emami Group
- Zandu Pharmaceutical Works Ltd
- Baidyanath Group
- Vicco Labs
- Charak Pharma
- Patanjali Ayurved Ltd
- Hamdard laboratories
- Among them, the largest India-based company is Dabur which has a lion's stake in the Indian Ayurveda market.
Recent Developments
In December 2019, the world’s largest Science-based Ayurveda enterpriser, Dabur India Limited introduced the product innovation of two revolutionary breakthrough products which are a health restorative Ratnaprash and the other is the special medicine for improving heart health Hridayasava.
In December 2019, the leading key player, Patanjali acquired a mid-cap firm listed on the NSE and BSE bankrupt Ruchi Soya Industries for Rs.4,350 crore. Moreover, Ruchi Soya is a major producer of soybean products in India.
Report Overview:
This global Ayurveda market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the Ayurveda market drivers, restraints, challenges, and opportunities. The Ayurveda market forecast segments into seven forms as form, disease pattern, source, application, distribution, end-users, and region.
Segmentation Table
The Ayurveda market trends have been segmented into seven forms globally based on the source, disease pattern, form, application, distribution, end-users, and region.
By Application
Medicinal, personal care, and others are a few applications.
By Disease Pattern
The nervous system, respiratory system, gastrointestinal tract, cardiovascular system, infectious disease, skeletal system, skin and hair, and others are the various disease patterns.
By Source
Vegetables ( seeds, roots, leaves and fruit, bark, and others) and animal (oils, bones, and others) are two sources.
By Form
Herbal, herbomineral, mineral, and others are a few forms.
By End-user
Academia and research, hospitals and clinics, over, and others are the few end-users.
By Distribution
Organized, over the counter, and others are a few distributions.
By Region
Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the global market.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: 23,810.04 million |
| CAGR | 2021-2030: 15.06% CAGR |
| Base Year | 2019 |
| Forecast Period | 2021-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Disease Pattern, Source, Form, End-users, Distribution |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Zandu Pharmaceutical Works Ltd, Charak Pharma, Hamdard laboratories, Dabur, Baidyanath Group, Patanjali Ayurved Ltd., Vicco Labs, Emami Group and others. |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Ayurveda is an Indian system of medicine derived from “Ayurvedic” natural herbs and is a form of alternative medicine. Almost 80 percent of people in India use some form of traditional medicine, a category that includes Ayurveda. Other practicing nations include Nepal, Sri Lanka, Pakistan, and Myanmar and as such is comparable to Chinese and European traditional systems of medicine.
Ayurveda market includes Charak Pharma, Zandu Pharmaceutical Works Ltd, Baidyanath Group, Hamdard laboratories, Dabur, Vicco Labs, Patanjali Ayurved Ltd., Emami Group, and others.
Lack of scientific validation could prevent the growth of the Ayurveda market in developed regions.
Ayurveda market would find maximum growth in the Asia Pacific region.
The segments are nervous systems, respiratory system, cardiovascular system, infectious diseases, gastrointestinal tract, skin and hair, skeletal system, and others.
The report includes segments like organized, over the counter, and others.
