The Global Ayurvedic Products Market share is expected to grow at a higher growth rate supported by the rising awareness about the benefits of Ayurvedic health supplements and personal care products among the population. Increasing demand for healthy and herbal cosmetics among various countries has also increased the share for Ayurvedic Products in the global market. Developing economic conditions of various regions is fueling up the market demand for Ayurvedic Products on the global level.
The demand for Ayurvedic Products in personal care products is growing at a significant rate, whereas, Ayurvedic Products for healthcare and medicinal purposes holds a share of a lion in the market. Organic Ayurvedic Products is anticipated to grow at the highest rate during the forecast period owing to escalating demand for chemical-free medicinal products. In addition, the demand for vegan Ayurvedic products is estimated to have a high growth based on increasing animal welfare concerns among the consumers.
All these factors contribute to the calculated CAGR of 4.2% of Ayurvedic Products Market during 2017-2023.
Ayurvedic Products Market – Key Players
Some of the key players profiled in the Global Ayurvedic Products Market are
- Dabur India Ltd. (India)
- The Himalaya Drug Company (India)
- Natreon Inc (U.S.)
- Patanjali Ayurved Limited (India)
- Basic Ayurveda (India)
- Herbal Hills (India)
- Planet Ayurveda (India)
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Ayurvedic Products Market – Segments
Ayurvedic Products has been segmented on the basis of product-type, which comprises personal care, healthcare and others. Healthcare products is found to hold a major share due to high consumer’s preference.
Ayurvedic Products has been segmented on the basis of specialty attributes, which comprises organic, vegan, GMO-free, and others. Organic Ayurvedic products holds a major share.
Ayurvedic Products has been segmented on the basis of the distribution channel, which comprises supermarket/hypermarket, specialty stores, drug-stores, convenience stores, e-commerce, and others. Sale through drug-stores is growing with a higher growth rate however, supermarket/hypermarket holds a major share among the various distribution channels of Ayurvedic products.
Ayurvedic Products Market – Key Findings
- Market share of vegan Ayurvedic Products is found to be growing at a higher rate during the forecast period owing to rising population of vegan consumers
- Top exporters of Ayurvedic Products include the India, U.S., France, Germany and U.K.
Ayurvedic Products Market – Regional Analysis
The Global Ayurvedic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Asia Pacific accounts for the major market share followed by North America. High demand for herbal and natural healthcare products is influencing the high production volume of Ayurvedic Products in the country is projected to generate a high revenue during the given forecast period. Furthermore, urbanization will support the sale of Ayurvedic products in Asia Pacific region during the forecast period. The Major importers of Ayurvedic Products include the U.S., China, France, Germany and Canada.
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