Ayurvedic Market segmented by mode of sales (retail sale and online sale), by product (personal care products, hair care & fragrances, skin care, oral care, make-up, healthcare products, ayurvedic medicines, ayurvedic nutraceuticals, dietary supplements), by application (cancer treatments, respiratory disorders, mental health, nervous system disorders, diabetes, skin diseases, cardiovascular diseases, autoimmune diseases, other applications), by distribution channel (supermarkets, pharmacy & drug stores, direct selling, beauty salons, specialty stores, internet retailing, departmental stores, other distribution channels), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 14.9Bn by 2026, at a CAGR of 16.14% during a forecast period.
Growing demand for natural and organic products, increasing consumer awareness and growing demand for ayurvedic cosmetics products, expanding medical tourism through the globe. Organic skincare products are achieving fast grip and the market is expected to expand even further.
Personal care products segment is dominating the global ayurvedic market.
Personal care products segment is leading the ayurvedic market globally due to increasing awareness of personal care products, changes in consumption patterns and lifestyles, and improved the purchasing power of women, promises moving times for the personal care industry.
The Asia Pacific has the largest market share for global ayurvedic market during the forecast period.
Asia Pacific region accounts for the largest share of the market due to their rich tradition of herbal medicines led by India, Indonesia, Myanmar, Sri Lanka, and others. India is the largest market and accounts for almost US$ 1200Mn in terms of market value.
Key players operating in global ayurvedic market, Amrutanjan Healthcare Limited, Zandu Pharmaceuticals Works Ltd., WELEX Laboratories Pvt. Ltd, Lotus Herbals, Khadi Natural, Surya Herbal Limited , Maxcure Nutracedics Ltd., Shree Dhootapapeshwar Ltd., AVA Products & Services, Vicco Laboratories, Shree Baidyanath Ayurved Bhawan Pvt. Ltd., Kerala Ayurveda Ltd.,Forest Essentials, Dabur India Ltd., The Himalaya Drug Company, Patanjali Ayurved Limited, HamdardLaboratories,Emami Ltd., Charak Pharma Pvt. Ltd., BACFO Pharmaceuticals Ltd., Charak Pharma and Ayurvedic LifeStyles Inc.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global ayurvedic market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global ayurvedic market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global ayurvedic market positioning of competitors.
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