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Ayurvedic Medicine Market 2019: Ayurveda is a system of medicine with historical roots in the Indian subcontinent. Globalized and modernized practices derived from Ayurveda traditions are a type of alternative medicine. In countries beyond India, Ayurveda therapies and practices have been integrated into general wellness applications and in some cases in medical use. Globally, the demand for Ayurvedic products is on a continuous rise, which has led to the emergence of Ayurvedic centers in the U.S. and Europe. Within the Asia-Pacific region, India has attained global prominence for its wide Ayurvedic product range, thereby becoming a preferred destination for medical tourism. It holds a negligible share in the overall Ayurvedic products market, as quality standards are not maintained according to international specifications.
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However, the Government of India is taking initiatives to increase this share, for instance, it has set up the Ministry of AYUSH to ensure the optimal development and propagation of Ayurveda. China also has a history of this ancient science and is a major market for Ayurvedic products.
Factors driving consumer preference for Ayurvedic products are raising awareness regarding their benefits, increasing cognizance about ill-effects of allopathy, easy availability, and growing disposable income. Lack of R&D for high yielding varieties, irregular supply of raw material, the absence of a standardized procedure to manufacture Ayurvedic products, and safety regulations are major challenges faced by the market players. Increase in knowledge about natural ingredients in health and personal care products in developed countries, namely the U.S., Canada, Australia, Singapore, and Japan, offers growth opportunity for Ayurvedic products manufacturers.
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This report studies the global market size of Ayurvedic Medicine in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Ayurvedic Medicine in these regions.
This research report categorizes the global Ayurvedic Medicine market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, top manufacturers, development opportunities and challenges, sales channels, distributors and porter’s five forces analysis.
No. of Pages: 97
Key Companies are Analyzed in this Report is:
The report focuses on Global Ayurvedic Medicine Market major leading industry players with information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue, contact information. What’s more, the Ayurvedic Medicine development trends and marketing channels are analyzed. The feasibility of new investment projects is assessed, and also overall research conclusions are offered. This research report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Ayurvedic Medicine Manufacturers
Ayurvedic Medicine Distributors/Traders/Wholesalers
Ayurvedic Medicine Subcomponent Manufacturers
Some List of Tables and Figures
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