According to IMARC Group’s latest report, titled “India Ayurvedic Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India ayurvedic products market reached a value of INR 515.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 1,536.9 Billion by 2027, exhibiting a CAGR of 19.78% during 2022-2027.
Ayurveda is an ancient science and a holistic healthcare system. An ayurvedic treatment involves products derived from plants, animals and minerals. It works at an energy level to treat weight gain, imbalanced hormones, removing bad toxins from the body, insomnia, bloating, asthma and high blood pressure. These treatments are mainly based on the use of various herbs and spices like ashwagandha, bosimellia, brahmi, cumin, turmeric and butter melon. The medicinal properties of ayurvedic treatments are also applied in the formulation of several personal care products, such as hair care, skin care and makeup items, which are gaining popularity in India.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The India ayurvedic products market is primarily being driven by the increasing demand for medicines with natural and organic ingredients and formulations. Besides this, growing awareness regarding side effects of western medicines is further contributing to the steadily rising demand for ayurvedic products. Other factors, such as increasing disposable income and rising consumer expenditure capacities, especially on healthcare products, and an improved distribution network of these products, are further creating a positive outlook for the India ayurvedic products market.
India Ayurvedic Products Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the India ayurvedic products market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Dabur India Ltd.
- Patanjali Ayurved Limited
- The Himalaya Drug Company
- Amrutanjan Healthcare Limited
- Vicco Laboratories
- Charak Pharma Pvt. Ltd.
- Hamdard Laboratories
- Forest Essentials
- Emami Ltd.
- Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- Kerala Ayurveda Ltd.
Key Market Segmentation:
The report has segmented the India ayurvedic products market on the basis of products type, organized/unorganized and region.
- Market Breakup by Products Type
- Healthcare Products
- Ayurvedic Nutraceuticals and Dietary Supplements
- Ayurvedic Medicines
- Personal Care Products
- Skin Care
- Oral Care
- Hair Care and Fragrances
- Healthcare Products
- Market Breakup by Organized/Unorganized
- Market Breakup by Region
- North India
- East India
- West and Central India
- South India
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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