Ayurvedic Products
Market Trends Application, Share And Trends Analysis By Product-Type (Personal
Care, Healthcare, Others), By Specialty Attribute (Organic, Vegan, Gmo-Free,
And Others), By Distribution Channel (Store Based (Supermarket/Hypermarket,
Specialty Stores, Drug-Stores, Convenience Stores, Others), Non-Store Based
(E-Commerce), And By Region Forecast To 2023
Global Ayurvedic Products Market Trends Overview
As mentioned in the
latest report published by Market Research Future (MRFR), the Global Ayurvedic Products Market Trends is estimated to witness a 4.2% CAGR during
the forecast period. Many factors are influencing a significant rise in the
growth rate between 2017-2023.
Ayurvedic Products
are generally used in personal care and healthcare products. Ayurvedic products
originated from India, and thus, the concentration of ayurvedic product
suppliers is the highest in the country.
Increasing adoption
of traditional methods for medicinal purposes is observed to cause a
significant boost in the global Ayurvedic Products Market Trends. With a rise
in the working woman population, rising disposable income, and a growing
inclination towards chemical free and herbal cosmetics are some of the primary
factors contributing to the ascension of the global ayurvedic market. Apart
from personal care, ayurvedic healthcare products are widely used to cure
asthma, hypertension, allergies, nervous disorders, insomnia, and inflammation.
Such a wide scope of application is bound to promote noticeable growth in the
global Ayurvedic Products Market Trends.
Market Segmentation
The Global Ayurvedic
Products Market Trends has been segmented into product type, specialty
attributes, distribution channel, and region. On the basis of product type, the
global Ayurvedic Products Market Trends is segmented into healthcare and
personal care. Among the two, the healthcare products segment is likely to
garner a larger share of the global Ayurvedic Products Market Trends. Such
market command can be attributed to the growing consumer preference of natural
and side-effect free treatments, in contrast to western medicine.
Based on specialty attributes,
the global Ayurvedic Products Market Trends is segmented into GMO-free,
organic, and vegan. The organic segment is anticipated to lead the global Ayurvedic
Products Market Trends through the forecast period. This can be accredited to
the mounting awareness of the health benefits of organic medicine and organic
skincare products.
Based on
distribution channel, the global Ayurvedic Products Market Trends is segmented
into supermarket/hypermarket, drugstores, convenience stores, specialty stores,
and e-commerce. While the sale through drug stores is growing at a significant
rate, the supermarket/hypermarket segment is expected to hold the biggest share
in the global Ayurvedic Products Market Trends.
Detailed Regional Analysis
The Global Ayurvedic
Products Market Trends is regionally segmented into North America, Asia
Pacific, Europe, and Rest of the World (RoW). Asia Pacific is assessed to hold
the largest share in the global Ayurvedic Products Market Trends during the
conjectured timeline. North America is estimated to follow Asia Pacific and
hold the second largest market share for ayurvedic products. High demand for
ayurvedic products owing to increasing disposable income in the developed
countries present in Asia Pacific and North America are promoting heavy
ascension in the Ayurvedic Products Market Trends. Some of the major importer
nations for ayurvedic products include the U.S., Germany, China, France, and
Canada. Economic growth and developed trading channels are driving the Ayurvedic
Products Market Trends in these countries.
Key Players
The Global Ayurvedic
Products Market Trends has many prominent players including
·
Natreon
Inc (U.S.)
·
Dabur
India Ltd. (India)
·
Patanjali
Ayurved Limited (India)
·
The
Himalaya Drug Company (India)
·
Basic
Ayurveda (India)
·
Herbal
Hills (India)
·
Planet
Ayurveda (India)
Industry Update
June 2019
CESC Ventures will
acquire a major stake in Herbolab India Pvt. Ltd., an ayurvedic medicines and
products manufacturing company under the brand name ‘Dr Vaidya.’ Such an
investment in Herbolab by the Sanjiv Goenka Group will enable the expansion of
the company’s existing product portfolio and bring synergies.
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