Global Ayurvedic Herbs Market is Expected to Grow at a CAGR of 12.9 % from 2022 to 2028

The global ayurvedic herbs market is expected to be driven by increasing demand for natural products, increased health consciousness among customers, and global growing medical tourism. When used for a prolonged period, the ayurvedic herbs are known to cure the diseases from the root. This is expected to contribute to market growth during the forecast period. Increasing per capita spending, rising incomes, and increasing investments in healthcare products R&D are expected to have a positive impact on market growth.

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The global ayurvedic herbs market size is estimated at 20.2 USD billion by 2028 and is anticipated to grow at a CAGR of 12.9 % during the projected time frame (2021-2028). Herbs are the core components of Ayurveda. Ayurved is the traditional practice of medicine in India. Around 75% of Indians use some form of medicine derived from Ayurveda. Ayurvedic herbs can be used for skin care, mental disorders, hair care, healthcare, liver disorders, immune system functioning, and others.,The global ayurvedic herbs market size is estimated at 20.2 USD billion by 2028 and is anticipated to grow at a CAGR of 12.9 % during the projected time frame (2021-2028). Herbs are the core components of Ayurveda. Ayurved is the traditional practice of medicine in India. Around 75% of Indians use some form of medicine derived from Ayurveda. Ayurvedic herbs can be used for skin care, mental disorders, hair care, healthcare, liver disorders, immune system functioning, and others.

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Distribution Channel of Ayurvedic Herbs Market By distribution channel, the ayurvedic herbs market is classified into offline and online. The offline segment is expected to dominate the market during the forecast period. Consumers prefer fresh herbs for healthcare treatments. Offline stores are easily accessible and consumers can easily verify the products before making a purchase. This is expected to contribute to segment growth during the forecast period Regional Analysis of Ayurvedic Herbs Market By region, the ayurvedic herbs market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, South America. Asia Pacific is expected to hold the share in ayurvedic herbs market during the forecast period. The regional market dominance can be because the origin of ayurvedic herbs is Asia Pacific and most herbs are found in the region. Most of the regional population relies on ayurvedic medicine, which is also expected to contribute to market growth. Key Development

In May 2021, Dabur India launched a new ayurvedic product named Anu Tailam, an ayurvedic nasal drop. This product is a unique blend with ayurvedic ingredients, ready to use nasal drop gives fast and long-lasting relief from nasal congestion headache.
In March 2021, eBay partnered with Kerala Ayurveda to expand its business in the US market and other countries to bring innovative ayurvedic solutions at a global level. The program was certified by the states of Washington and California.
In September 2020, Lotus Herbals announced 100% acquisition of Soultree, an organic skin-care and make-up company of Vedicare Ayurveda.
In December 2019, Dabur India launched two breakthrough products - Ratanprash, a health restorative and Hridayasava, a special medicine for improving heart health to popularize Ayurveda among modern customers.

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Market Segmentation

By Product Type
Healthcare
Dietary Supplements
Ayurvedic Medicine
Food & Beverage
Personal Care
Skin Care
Oral Care
Hair Care & Fragrances

By Application
Skin Care
Heart Disorders
Digestive Problems
Autoimmune Diseases
Cancer
Others

By Distribution Channel
Offline
Online

By Region:
North America
Europe
Asia Pacific
Middle East & Africa
South America

Key Companies listed The major companies listed in the ayurvedic herbs market include Dabur India Ltd., Patanjali Ayurved Limited, Baidyanath Group, Vicco Laboratories, Zandu Pharmaceuticals, Hamdard Laboratories, and Amrutanjan Healthcare, others. These companies are spread over North America, Europe, South America, and Asia Pacific markets, which empowers it to take into account clients over the globe. The company's leading position in the Ayurvedic Herbs Market is endorsed by its wide product portfolio.

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