Ayurvedic Products Market, By Product Type (Personal Care, Healthcare Products, Others), By Specialty Attribute (Organic, Vegan, GMO-Free, Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Retailers, Convenience Stores, Drug Stores, and E-commerce) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI393920 | Publish Date: March 2024 | No. of Pages: 185

Global Ayurvedic Products Market By Overview

Ayurvedic Products Market was valued at US$ 14.1 Billion in 2024 and is projected to grow at a CAGR of 31.00% to reach US$ 164.6 Billion by 2034.

Ayurvedic medicine is one the world oldest healing systems developed in India, however, in the United States it is considered a form of complementary and alternative medicine. The ayurvedic product stems from the ancient Vedic culture and was taught for many thousands of years. It mostly emphasis on prevention and encourages the maintenance of health through close attention to balance life, diet, lifestyle, and use of herbs. However, the ayurvedic product does not focus on disease but maintains life such that it must be supported by the energy in balance. As the body's natural defense systems will be strong and can more easily defend against disease. 

Few well-designed clinical trials and systematic research suggested that Ayurvedic products or approaches are effective. For instance, 2013 clinical trial compared two ayurvedic formulations of plant extract against the natural product glucosamine sulfate and the drug celecoxib in 440 people with knee osteoarthritis, and all four products provided a similar reduction in pain. 

Global Ayurvedic Products Market By Dynamics

Increasing awareness and popularity regarding popularity overall the globe is expected to favour the growth of ayurvedic products market. Further, the support of the government, rise in research and development activities. Moreover, the market growth is also fostered due to the growth of nutrition and herbal industry. The minimal side effects also favour the ayurvedic products over the allopathy drives the global ayurvedic products market.

However, the lack of validation in developed nations and its outlook of Ayuvedic products as pseudoscience and supplementary are factors that may hamper the global ayurvedic products market.

Global Ayurvedic Products Market By Segmentation

The Ayurvedic Products Market is segmented based on product type, speciality Attribute, Distribution Channel, and Region.

  • Based on product type, the ayurvedic products market is segmented into Personal Care, Healthcare Products, Others.
  • Further, based on Specialty Attribute the market is segmented in Organic, Vegan, GMO-Free, Others.
  • Based on distribution channel the market is segmented into Supermarket/Hypermarket, Specialty Retailers, Convenience Stores, Drug Stores, and E-commerce.
  • Based on the region the global ayurvedic products Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific accounts highest revenue share to the global ayurvedic products market, due to increased preference of population towards ayurvedic products.

Ayurvedic Products Market, By Product Type:

  • Personal Care
  • Healthcare Products
  • Others

 Ayurvedic Products Market, By Specialty Attribute:

  • Organic
  • Vegan
  • GMO-Free
  • Others

Ayurvedic Products Market, By Distribution Channel:

  • Supermarket/Hypermarket
  • Speciality Retailers
  • Convenience Stores
  • Drug Stores
  • E-commerce

Ayurvedic Products Market, By Region:

North America

  • North America Ayurvedic Products Market, By Product Type
  • North America Ayurvedic Products Market, By Specialty Attribute
  • North America Ayurvedic Products Market, By Distribution Channel
  • North America Ayurvedic Products Market, By Country

U.S.

Canada

Europe

  • Europe Ayurvedic Products Market, By Product Type
  • Europe Ayurvedic Products Market, By Specialty Attribute
  • Europe Ayurvedic Products Market, By Distribution Channel
  • Europe Ayurvedic Products Market, By Country

Germany

  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
  • Asia Pacific
  • Asia Pacific Ayurvedic Products Market, By Product Type
  • Asia Pacific Ayurvedic Products Market, By Specialty Attribute
  • Asia Pacific Ayurvedic Products Market, By Distribution Channel
  • Asia Pacific Ayurvedic Products Market, By Country
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Latin America Ayurvedic Products Market, By Product Type
  • Latin America Ayurvedic Products Market, By Specialty Attribute
  • Latin America Ayurvedic Products Market, By Distribution Channel
  • Latin America Ayurvedic Products Market, By Country

Brazil

Mexico

Rest of Latin America

Middle East & Africa

  • Middle East & Africa Ayurvedic Products Market, By Product Type
  • Middle East & Africa Ayurvedic Products Market, By Specialty Attribute
  • Middle East & Africa Ayurvedic Products Market, By Distribution Channel
  • Middle East & Africa Ayurvedic Products Market, By Country

GCC

Israel

South Africa

Rest of Middle East & Africa

Global Ayurvedic Products Market By Key Players

The key players operating the global ayurvedic products market Emami Group, Vicco Laboratories, Patanjali Ayurved Ltd., Baidyanath Group, Dabur, Hamdard Laboratories, Charak Pharma, and Zandu Pharmaceutical Works Ltd. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.

Global Ayurvedic Products Market By Company Profile

  • Emani Group
  • Company Overview 
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Vicco Laboratories
  • Patanjali Ayurved Ltd
  • Baidyanath Group
  • Dabur
  • Hamdard Laboratories
  • Charak Pharma
  • Zandu Pharmaceutical Works Ltd

 “*” marked represents similar segmentation in other categories in the respective section

FAQs

The Ayurvedic Products Market is segmented into product type, speciality Attribute, Distribution Channel, and Region.

Global restraints may include challenges related to standardization of Ayurvedic formulations, limited scientific validation of certain products, and variations in regulatory frameworks across different regions.

The market is primarily driven by increasing consumer awareness of natural and holistic healthcare solutions, the growing popularity of Ayurvedic beauty and wellness products, and the preference for chemical-free alternatives.

The report considers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period, indicating its dominance in the Ayurvedic Products Market.

The key players in the target market include Vicco Laboratories, Patanjali Ayurved Ltd, Baidyanath Group, Dabur, Hamdard Laboratories, Charak Pharma, and Zandu Pharmaceutical Works Ltd.