Ayurveda Market Analysis, Share, Size, Trends, Market Growth and Segment Forecasts To 2030

Market Overview
Ayurveda Market is expected to reach USD 23,810.04 million by 2030 at CAGR 15.06% during the forecast 2021-2030. Ayurveda is a medical system based on Ayurvedic natural herbs and plants. This is a historical Indian alternative medicine system. Scientists have previously integrated a few essential ayurvedic herbs such as turmeric, ginger, garlic, emblic, Curcuma, cumin, and Indian basil, as well as some other traditional dietary components, into nutraceuticals, food supplements, and functional foods that provide the required individual dietary. These items include natural bioactive components that help to prevent disease.

One of the major drivers driving the market for ayurvedic products is the growing popularity of organic and natural medications, as well as consumer awareness of their benefits. Consumer choice for ayurvedic goods is also influenced by factors such as rising health concerns and understanding of the hazardous consequences of western drugs.

Almost all business sectors have been affected by the COVID-19 epidemic. This outbreak, however, has a favorable impact on the Ayurvedic market. To combat the COVID-19 epidemic, consumers worldwide are increasing their consumption of dietary supplements and immunity boosters. Because most Ayurveda medications provide nutritional supplements and immunity boosters, the Ayurveda market size grows during the pandemic.

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Market Segmentation

By Application
The Ayurveda market applications are divided into three categories: medical, personal care, and others.

By Disease Pattern
Ayurveda is divided into many groups based on illness patterns, such as the nervous system, respiratory system, gastrointestinal tract, cardiovascular system, infectious disease, skeletal system, skin and hair, and others.

By Source
Ayurvedic sources are divided into two categories: vegetables (seeds, roots, leaves and fruit, bark, and others) and animal (oils, bones, and others).

By Form
The Ayurveda market is classified into herbal, herbomineral, mineral, and other types.

By End-User
The Ayurveda industry is classified as follows: academics and research, hospitals and clinics, over, and others.

By Distribution
The Ayurveda market is segmented into four major regions: Asia-Pacific, Europe, North America, the Middle East, and Africa. Asia-Pacific has the greatest market share due to its strong legacy of herbal medicines in India, Sri Lanka, Pakistan, Myanmar, and other countries.

Regional Classification
The Ayurveda market is divided into four key regions: Asia-Pacific, North America, Europe, the Middle East, and Africa. Asia-Pacific has the largest Ayurvedic medicine market share due to its long legacy of herbal treatments in India, Sri Lanka, Pakistan, Myanmar, and other countries. In 2016, India was the largest Ayurveda market, accounting for about USD 1200 million and exporting Ayurvedic pharmaceuticals for nearly USD 64 million. The principal exports of Indian Ayurveda are psyllium and senna, which are predicted to power the future of the Ayurveda business in India.

The prominent key players in the Ayurveda market outlook are the following:
Dabur, Emami Group, Zandu Pharmaceutical Works Ltd, Baidyanath Group, Vicco Labs, Charak Pharma, Patanjali Ayurved Ltd, Hamdard laboratories

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This release was published on openPR.