Ayurveda Market 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
Ayurveda Market Overview
The ayurveda market size is projected to reach USD 23,810.04 million by 2030, at 15.06% CAGR from 2022 to 2030. Ayurveda, the traditional medical system of India, has delineated three categories of fundamental regulatory principles of the body, mind, and behavior.
Ayurveda is known as a system of medicine indigenous to India, which involves both medicinal products and health services. The origin of Ayurveda remains back to 5000 years old Indian Vedic teachings based on fundamental philosophies about life, disease, and health. Ayurveda is accounted for one of the oldest healthcare systems in the world. Over the millenniums, Ayurveda has not only preserved the changing outlook and demands for health services due to the infiltration of modern methods of treatment but, it has grown to be renowned all across the globe.
Ayurveda, the traditional medical system of India, has depicted three categories of fundamental regulatory principles of the body, mind, and behavior. These three ayurveda kinds are Vata, pitta, and Kapha. The market is pushed by lower side effects of the ayurveda lifestyle, increasing ayurveda health benefits, boosting investments in research and developments, and the standardization of ayurvedic treatment and ayurveda supplements. Some of the herding factors promoting the market growth involve growing demand for natural and organic products, increasing consumer awareness and augmenting demand for ayurvedic cosmetics products, and expanding medical tourism globally. Organic skincare products are gaining a firm grip and the market is estimated to expand even further. Moreover, to surge the consumer base, anti-wrinkle & anti-aging creams are expected to drive market growth. In recent years, there has been a noteworthy upsurge in the cases of chronic health problems and obesity among the worldwide population. These health issues around the world are appealing to people to opt the food and beverages with functional benefits to bolster their immunity. These factors are likely to fuel the demand avenues in the worldwide market in the coming years.
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The Global Ayurveda Market is segmented into the following types;
- Personal Care
By Disease Pattern
- Respiratory System
- Nervous Systems
- Gastrointestinal Tract
- Cardiovascular System
- Infectious Diseases
- Skeletal System
- Skin And Hair
- Animal & Mineral
- Academia And Research
- Hospitals And Clinics
The Global Ayurveda Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The Asia-Pacific region held a significant market share of ayurveda in 2021 due to the rich tradition of herbal medicines led by Indonesia, India, Sri Lanka, Myanmar, and others. The presence of well-established ayurvedic manufacturing units, strong governmental initiatives, and ongoing projects will upsurge the market in the APAC region.
North America accounted for the fastest-growing region in 2021 due to the growing awareness among consumers about health.
The Global Ayurveda Market’s prominent key players are
- Emami Limited
- Charak Pharma Pvt. Ltd.
- Vicco Laboratories
- Patanjali Ayurveda Limited
- Dabur India Limited
- Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- Himalaya Drug Company
- Kerala Ayurveda Ltd.
- Amrutanjan Healthcare Limited
- Hamdard Laboratories
- Forest Essentials.
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