Ayurveda Market Research Report – Forecast to 2030

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 | September 2022 | 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.

Segmentation

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

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
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Ayurveda Market Overview


Ayurveda Market is expected to reach USD 23,810.04 million by 2030 at 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 medicine 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 Ayurvedic 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)


 Ayurveda Market by Applications


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

  • Growing awareness of the effectiveness and efficacy of traditional systems of medicine
  • Disillusionment with modern Allopathy with its concurrent high side effects, support from Governments
  • Increase in the R&D activities


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    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.