India Ayurvedic Products Market: Industry Outlook, Size (INR 1,536.9 Billion), Share, Growth (CAGR of 19.78%), Top Companies Analysis and Research Report 2022-2027

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 size reached INR 515.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 1,536.9 Billion by 2027, exhibiting a growth rate (CAGR) of 19.78% during 2022-2027.

India Ayurvedic Products Market Trends:

The ayurvedic products market in India is primarily boosted by the rising prevalence of various lifestyle diseases and the increasing consumer consciousness about the benefits of ayurvedic products. In addition to this, key players are heavily investing in developing organic and natural medicines to increase their consumer base, which is creating a positive outlook for the market. Moreover, the surging consumer expenditure on healthcare products and the rising awareness regarding the ill effects of western medicines are providing an impetus to the market growth. In line with this, the Government of India (GoI) is actively working toward promoting ayurvedic products through various programs and subsidies, which is further accelerating the market growth. Apart from this, the presence of a robust distribution network of ayurvedic products in the country and easy product availability in online retail stores are positively contributing to the market growth.

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Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2021
• Historical Period: 2016-2021
• Forecast Period: 2022-2027

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.

Industry Definition and Application:

Ayurveda is a traditional medicine native to India which uses a wide range of treatments, including panchakarma, yoga, acupuncture, massage, and herbal medicine, to promote health and well-being. Ayurvedic products effectively analyze and cure diseases after gaining a deep understanding of the individual's appearance, heartbeat, body type, and vision. It is used to treat anxiety, arthritis, asthma, eczema, digestive problems, stress, high cholesterol levels, and rheumatoid arthritis. Currently, ayurvedic products are available in two primary segments, namely healthcare, including nutraceuticals, medicines, and dietary supplements, and personal care products involving skincare, cosmetics, hair care, and oral hygiene.

Key Market Segmentation:

The report has segmented the India ayurvedic products market based on products type, organized/unorganized and region.

Market Breakup by Products Type:

• Healthcare Products:
o Ayurvedic Nutraceuticals and Dietary Supplements
o Ayurvedic Medicines

• Personal Care Products:
o Skin Care
o Oral Care
o Hair Care and Fragrances

Market Breakup by Organized/Unorganized:

• Organized
• Unorganized

Market Breakup by Region:

• North India
• East India
• West and Central India
• South India

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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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