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Ayurvedic Products Market Application, Share And Trends Analysis By Product-Type (Personal Care, Healthcare, Others), By Specialty Attribute (Organic, Vegan, Gmo-Free, And Others), By Distribution Channel (Store Based (Supermarket/Hypermarket, Specialty Stores, Drug-Stores, Convenience Stores, Others), Non-Store Based (E-Commerce), And By Region Forecast To 2030
According to MRFR analysis, Ayurvedic Products market is expected to register a CAGR of ~ 12.3% from 2022 to 2030 and hold a value of over USD 28830.5 Million by 2030. The Ayurvedic products market is a growing sector within the global wellness industry. Ayurveda is an ancient Indian system of medicine that emphasizes holistic well-being and balance between the mind, body, and spirit. Ayurvedic products are derived from natural sources such as herbs, plants, minerals, and animal products, and they are used to promote health, prevent diseases, and enhance overall wellness. The global Ayurvedic products market has been experiencing steady growth in recent years. Factors such as increasing consumer awareness about the benefits of natural and organic products, rising demand for alternative healthcare solutions, and a shift towards preventive healthcare have contributed to market expansion.
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Market Segmentation
Ayurvedic Products market has been segmented into type, application, and vertical.
By Product-Type : Personal Care , Healthcare
By Specialty Attribute : Organic , Vegan , Gmo-Free
By Distribution Channel : Store Based , Non-Store Based
Key Players
Dabur India Ltd. (India) , The Himalaya Drug Company (India) , Natreon Inc (U.S.) , Patanjali Ayurved Limited (India) , Basic Ayurveda (India) , Herbal Hills (India) , Planet Ayurveda (India)
Regional Analysis
As the birthplace of Ayurveda, India remains the largest market for Ayurvedic products. The demand for Ayurvedic products in India is driven by the country’s cultural and traditional affinity towards natural remedies. Numerous domestic companies manufacture and distribute Ayurvedic products across India.
The Ayurvedic products market in North America, including the United States and Canada, has been growing steadily. The rising interest in natural and organic products, coupled with increasing awareness about Ayurveda’s benefits, has contributed to the market’s growth. Many Ayurvedic brands from India have expanded their presence in North America, and local companies are also entering the market.
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Ayurvedic products are gaining traction in European countries, including the United Kingdom, Germany, France, and Italy. The European market’s growth can be attributed to the increasing interest in natural and alternative therapies, as well as the growing popularity of yoga and mindfulness practices. Local companies in Europe are also manufacturing Ayurvedic products to meet the demand.
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