SHERIDAN, WY, USA, April 28, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “India Ayurvedic Products Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, India Ayurvedic products market reached a value of INR 515.5 billion in 2021. Looking ahead, IMARC Group expects the market to reach INR 1,536.9 billion by 2027, showing a CAGR of 19.78% over the period 2022-2027.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Ayurveda refers to an ancient natural health system and the science of medicine. It is based on the belief that health and well-being depend on the mind, body and spirit of individuals. Ayurvedic products are mainly derived from animals, plants, metals and minerals. Some of the popular herbs and spices used in the formulation of Ayurvedic products include ashwagandha, boswellia, triphala, brahmi, cumin, turmeric, licorice root, gotu kola, bitter melon, and cardamom. As a result, they help increase disease resistance, remove impurities, and prevent inflammation while improving overall health.
Market Trends and Drivers:
The Indian Ayurvedic products market is mainly driven by the growing preference of the masses for organic and natural products. In this light, the growing awareness about the harmful effects of chemicals used in the formulation of various skincare and personal care products and the increasing health awareness of individuals is creating a positive market outlook. Moreover, the penetration of high-speed internet and the growing popularity of social media among the masses are further boosting the demand for Ayurvedic products in India. Along with this, the continuous improvements in the e-commerce sector and the advent of online delivery models across the country are acting as other major growth drivers. Moreover, many prominent players are investing heavily in launching diverse product variants in the market which are gaining popularity among consumers. Other factors including changing lifestyle preferences, inflation in disposable income levels of individuals, and extensive research and development (R&D) activities conducted by key players are also positively influencing the growth of the market in India.
Competitive Analysis and Segmentation of the Indian Ayurvedic Products Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of India Ayurvedic Products Market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
Dabur India Ltd.
Patanjali Ayurvedic Limited
The Himalayan Pharmaceutical Company
Charak Pharma Pvt. ltd.
Shree Baidyanath Ayurved Bhawan Pvt. ltd.
Kerala Ayurveda Ltd.
Amrutanjan Healthcare Limited
Key Market Segmentation:
The report has segmented the Indian Ayurvedic products market on the basis of product type, organized/unorganized and region.
Breakdown of the market by type of product:
Nutraceuticals and Ayurvedic dietary supplements
Personal care products:
Hair care and fragrances
Breakdown of the market by organized/unorganized:
Market Breakdown by Region:
West and Central India
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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