WiseGuyReports.Com Publish a New Market Research Report On –“ Ayurvedic Market Global Potential Growth,Share,Demand and Analysis Of Key Players Forecasts to 2026”.
Ayurvedic Industry 2019
Ayurveda is derived from the Sanskrit term Ayurvedica. Ayurveda medicine system has Indian origin, and around 75% of the Indian population use it in various forms. Ayurvedic medicine is derived from varieties of herbs which nullify the chances of any side effects.
Global Ayurvedic Market was value US$ 4.5Bn in 2017 and is expected to reach US$ 14.9Bn by 2026 at a CAGR of 16.14%.
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People in South East Asia often use Ayurvedic medicine to overcome dangerous diseases but to expand the customer base; these days, companies are also producing products related to anti-aging and anti-wrinkle. These cosmetics products received critical and commercial acclamation from varieties of the customer group.
Personal care Ayurvedic products are leading the market share due to increased awareness about personal care, lifestyle changes, and most importantly, there is no side effect.
Market Segmentation of Global Ayurveda Market
The market can be segmented into by Modes of sales, by product, by application, and by distribution channel. The global market segmentation, By mode of sales, includes Online Sale and Retail Sale. The global Ayurveda market By-product includes Personal Care Product, Skin Care, Make-Up, Hair Care, Fragrances, Oral Care, etc. The market can be classified by application like Cancer Treatments, Diabetes, Nervous System Disorders, Respiratory Disorders, Mental Health, etc. By distribution channel, the market can be segmented into Supermarkets, Specialty Stores, Direct Selling, Drug Stores, Departmental Stores, Beauty Salons, Pharmacy, Internet Retailing, etc.
Location-wise Segmentation of Global Ayurveda Market
The geographical segmentation of the global Ayurvedic market includes regions like Europe, Asia Pacific, North America, South America, and the Middle East and Africa region. Due to a large number of manufacturing units, the Asia Pacific region is leading the global market. The traditional use of Ayurveda medicine in countries like India, Sri-Lanka, Indonesia, the market share will increase further in this region.
Country-wise, India has the largest market share in the world. According to an estimation, India contributes a whopping 1200 million USD market share. India is also known as a major ayurvedic drug exporter in the world by exporting 65 million USD drugs in the year 2017 only.
Major Players in the Market
Some of the major industry drivers in the global Ayurveda market are WELEX Laboratories Pvt. Ltd, Zandu Pharmaceuticals Works Ltd., Patanjali, Lotus Herbals, Surya Herbal Limited, Khadi Natural, and Amrutanjan Healthcare Limited.
Latest News in the Global Ayurveda Industry
High cholesterol has emerged as a threat to healthy species. Most of the developed countries are also the most affected ones. Guggul is an Ayurveda medicine which has the potential to eliminate the high cholesterol effect throughout the world. The guggul gum extensively used in India for high cholesterol treatment. It is taken by mouth and also helps the patient to reduce weight. The Guggul is relatively safe to use and has minimum side effects. These benefits will slowly convert to revenues once people aware of the product.
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