Ayurvedic Herbs Market: Robust Growth Projected, Reaching $21.6 Billion by 2028, Fueled by Rising Health Consciousness and Increased Distribution Networks.

According to a new report published by Allied Market Research, titled, "Ayurvedic herbs Market by Herb type, Form, Disease Indication, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2028."

👉 𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/12359

The global Ayurvedic herbs market size was valued at $9.5 billion in 2020 and is anticipated to reach $21.6 billion by 2028, with a CAGR of 10.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $12 billion from 2020 to 2028. The Ayurvedic herbs market growth is propelled by rise in consumer health consciousness and improved distribution network. Consumers are prepared to pay more for those products that provide health advantages, and this awareness is expected to be a driver for the Ayurvedic herbs products market development. Ayurvedic Herbs and its products are still in nascent stages in various western countries such as Argentina, Canada, and Peru along with other developing regions. These are still untapped, which present lucrative Ayurvedic herbs market opportunities for manufacturers of Ayurvedic herbs products.

Growing attention to alternative medicine is creating opportunities and Ayurvedic herbs market trends for the natural ingredients in coming years. There is an opportunity for suppliers of natural ingredients in developing countries, especially since some ingredients are not grown in Europe. Turmeric, for example, is indigenous to South Asia and is now finding applications in supplements and in medical products. Like turmeric, many other botanicals and essential oils used in natural health products simply cannot be grown in Europe.

👉 𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/12359

According to the Ayurvedic Herbs market analysis, the market is segmented on the basis of herb type, form, disease indication, distribution channel, and region. Based on herb type, the market is categorized into Withania Somnifera (Ashwagandha), Frankincense (Boswellia), Indian Gooseberry (Triphala), Bacopa Monnieri (Brahmi), Turmeric, Cumin, Bitter Melon, Others.

Withania Somnifera (Ashwagandha) are widely used globally and is one of the prime herb types for Ayurvedic herbs; thus, is expected to influence the overall Ayurvedic herbs industry. The Withania Somnifera segment was valued at $2.3 billion and is expected to grow with a CAGR of 10% from 2021 to 2028, to reach $5.0 billion by 2028.

By form, the capsules/tablets segment held a major Ayurvedic herbs market share in 2020, and is expected to remain dominant throughout the forecast period. This is due to the rise in consumer demand for healthy and clean-label herbal products.

👉 𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 : https://www.alliedmarketresearch.com/checkout-final/899d3dc5b5c5708670bfd5d5f6730f76

Based on disease indication, the skin diseases segment held a major share of the Ayurvedic herbs market in 2020. This is attributed to rise in spending on Ayurvedic products herbs for the treatment of the skin.

The business to consumer channel including the hypermarkets/supermarkets segment was the leading channel with maximum share in 2020, growing with significant CAGR during the Ayurvedic herbs market forecast period. This is attributed to increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

Region wise, Asia-Pacific was the prominent region in 2020, garnering maximum share in the Ayurvedic herbs market, owing to huge consumer base and increase in population. Moreover, the region hold the major share owing to rich tradition of herbal medicine led by India, Sri Lanka, Pakistan, Indonesia, among others.

👉 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/12359

📍 The key players profiled in this report include are
𝟏. 𝐂𝐨𝐥𝐠𝐚𝐭𝐞-𝐏𝐚𝐥𝐦𝐨𝐥𝐢𝐯𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
𝟐. 𝐃𝐚𝐛𝐮𝐫 𝐈𝐧𝐝𝐢𝐚 𝐋𝐭𝐝.
𝟑. 𝐄𝐦𝐚𝐦𝐢 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
𝟒. 𝐊𝐚𝐢𝐫𝐚𝐥𝐢 𝐀𝐲𝐮𝐫𝐯𝐞𝐝𝐢𝐜 𝐆𝐫𝐨𝐮𝐩
𝟓. 𝐏𝐫𝐨𝐜𝐭𝐞𝐫 & 𝐆𝐚𝐦𝐛𝐥𝐞 (𝐏&𝐆)
𝟔. 𝐏𝐚𝐭𝐚𝐧𝐣𝐚𝐥𝐢 𝐀𝐲𝐮𝐫𝐯𝐞𝐝 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
𝟕. 𝐒𝐡𝐚𝐡𝐧𝐚𝐳 𝐀𝐲𝐮𝐫𝐯𝐞𝐝𝐚 𝐏𝐯𝐭. 𝐋𝐭𝐝
𝟖. 𝐒𝐡𝐫𝐞𝐞 𝐁𝐚𝐢𝐝𝐲𝐚𝐧𝐚𝐭𝐡 𝐀𝐲𝐮𝐫𝐯𝐞𝐝𝐚 𝐁𝐡𝐚𝐰𝐚𝐧 𝐏𝐯𝐭. 𝐋𝐭𝐝
𝟗. 𝐓𝐡𝐞 𝐇𝐢𝐦𝐚𝐥𝐚𝐲𝐚 𝐃𝐫𝐮𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲
𝟏𝟎. 𝐔𝐧𝐢𝐥𝐞𝐯𝐞𝐫

{ 𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 }

📍 Based on herb type, The Withania Somnifera segment was valued at $2.3 billion and is expected to grow with a CAGR of 10% from 2021 to 2028, to reach $5.0 billion by 2028.

📍 Based on form, Extracts segment witness a major annual growth rate of 10.9%.

📍 Based on disease indication, the skin diseases held the major share and is expected to remain dominant throughout the forecast period.

📍 Based on distribution channel, Business to consumer held the major share of 64.9% in 2020.

📍 Region wise, North America witnessed a major annual growth rate of 11.5%.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.