Global Ayurvedic Herbs Market, by Product Type (Healthcare, Personal Care), Application (Skin Care, Heart Disorders, Digestive Problems, Autoimmune Diseases, Cancer, Others), Distribution Channel (Offline, Online), Region – Growth, COVID-19 Impact, Trends, and Forecasting till 2028

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The global ayurvedic herbs market size is estimated at 20.2 USD billion by 2028 and is anticipated to grow at a CAGR of 12.9 % during the projected time frame (2021-2028).
  • Market Overview

    The global ayurvedic herbs market size is estimated at 20.2 USD billion by 2028 and is anticipated to grow at a CAGR of 12.9 % during the projected time frame (2021-2028). Herbs are the core components of Ayurveda. Ayurved is the traditional practice of medicine in India. Around 75% of Indians use some form of medicine derived from Ayurveda. Ayurvedic herbs can be used for skin care, mental disorders, hair care, healthcare, liver disorders, immune system functioning, and others. For instance, Arjuna (Terminalia arjuna) is an herb used for cardiovascular health.

    The global ayurvedic herbs market is expected to be driven by increasing demand for natural products, increased health consciousness among customers, and global growing medical tourism. When used for a prolonged period, the ayurvedic herbs are known to cure the diseases from the root. This is expected to contribute to market growth during the forecast period. Increasing per capita spending, rising incomes, and increasing investments in healthcare products R&D are expected to have a positive impact on market growth.

    Optimum therapeutics, lack of stringent regulations and a killer instinct in Ayurveda can restrain the ayurvedic herbs market growth. Also, absence of scientific validation for Ayurveda in countries such as US, where it is not regulated or licensed can hinder the market growth. However, continuous advancements in technology, practical developments in ayurvedic herbs, and untapped emerging markets can provide market growth opportunities.

    The COVID-19 pandemic is expected to have a positive impact on ayurvedic herbs market with increasing consumer awareness about healthy lifestyle and the necessity to build strong immune system. People are continuously shifting towards preventive healthcare to build a strong immune system. Ayurvedic herbs play a significant role in building immune system and body health to fight various infections. This expected to drive the market growth during the forecast period.

    TABLE 1:GLOBAL MARKETSCOPE

    Parameters Covered
    Report Title Global Ayurvedic Herbs Market Report
    Market Size and Forecasting 2018–2028
    Base Year 2020
    Estimated Year 2021
    Forecast Period 2021–2028
    Market Sizing Units Value in USD Billion
    Market Segmentation Covered Product Type, Application, Distribution Channel, and Region
    Regions North America, Europe, Asia Pacific, Middle East and Africa and South America
    Major Key Players Dabur India Ltd., Patanjali Ayurved Limited, Baidyanath Group, Vicco Laboratories, Zandu Pharmaceuticals, Hamdard Laboratories Amrutanjan Healthcare.
    Number of Pages of Report 150
    Customization Available Yes, Customization Is Available As Per The Requirements

    Market Segmentation of Ayurvedic Herbs Market

    Product Type of Ayurvedic Herbs Market

    Product Type of Ayurvedic Herbs Market

    By product type, the market is classified into healthcare and personal care. Healthcare is divided into dietary supplements, ayurvedic medicine, and food & beverage. Personal care is divided in to skin care, oral care, and hair care & fragrances. The healthcare segment is expected to dominate the market during the forecast period due to increasing consumer awareness about the medicinal properties of ayurvedic herbs and side effects of western medicines. For instance, ashwagandha (Withaniasomnifera) reduces stress, anxiety, cortisol level.

    Application Analysis of Ayurvedic Herbs Market

    By Application, the market is divided into skin care, heart disorders, digestive problems, autoimmune diseases, cancer, and others. The digestive problems segment is expected to hold the largest market share during the forecast period. With regular consumption of ayurvedic herbs, the functioning of digestive system can be improved regulating the metabolic activities. Increasing demand for herbs related to digestive issues is expected to contribute to segment growth. Herbs such as fennel, cumin, asafetida, turmeric are used for indigestion.

    Distribution Channel of Ayurvedic Herbs Market

    By distribution channel, the ayurvedic herbs market is classified into offline and online. The offline segment is expected to dominate the market during the forecast period. Consumers prefer fresh herbs for healthcare treatments. Offline stores are easily accessible and consumers can easily verify the products before making a purchase. This is expected to contribute to segment growth during the forecast period

    Regional Analysis of Ayurvedic Herbs Market

    Regional Analysis of Ayurvedic Herbs Market

    By region, the ayurvedic herbs market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, South America. Asia Pacific is expected to hold the share in ayurvedic herbs market during the forecast period. The regional market dominance can be because the origin of ayurvedic herbs is Asia Pacific and most herbs are found in the region. Most of the regional population relies on ayurvedic medicine, which is also expected to contribute to market growth.

    Key Companies listed

    The major companies listed in the ayurvedic herbs market include Dabur India Ltd., Patanjali Ayurved Limited, Baidyanath Group, Vicco Laboratories, Zandu Pharmaceuticals, Hamdard Laboratories, and Amrutanjan Healthcare, others.

    These companies are spread over North America, Europe, South America, and Asia Pacific markets, which empowers it to take into account clients over the globe. The company’s leading position in the Ayurvedic Herbs Market is endorsed by its wide product portfolio.

    Key Development

    • In May 2021, Dabur India launched a new ayurvedic product named Anu Tailam, an ayurvedic nasal drop.This product is a unique blend with ayurvedic ingredients, ready to use nasal drop gives fast and long-lasting relief from nasal congestion headache.
    • In March 2021, eBay partnered with Kerala Ayurveda to expand its business in the US market and other countries to bring innovative ayurvedic solutions at a global level.The program was certified by the states of Washington and California.
    • In September 2020, Lotus Herbals announced 100% acquisition of Soultree, anorganic skin-care and make-up company of Vedicare Ayurveda.
    • In December 2019, Dabur India launched two breakthrough products –Ratanprash, a health restorative and Hridayasava, a special medicine for improving heart health to popularize Ayurveda among modern customers.

    Market Segmentation

    By Product Type

    • Healthcare
    • Dietary Supplements
    • Ayurvedic Medicine
    • Food & Beverage
    • Personal Care
      • Skin Care
      • Oral Care
      • Hair Care & Fragrances

    By Application

    • Skin Care
    • Heart Disorders
    • Digestive Problems
    • Autoimmune Diseases
    • Cancer
    • Others

    By Distribution Channel

    • Offline
    • Online
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  • Chapter 1. Executive Summary

    Chapter 2. Market Introduction

    Chapter 3. Global Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028 – Key Industry Dynamics
    3.1. Key Market Drivers
    3.2. Key Market Restraints
    3.3. Market Opportunities
    3.4. Future Trends
    3.5. Impact Analysis of Drivers and Restraints
    3.6. COVID-19 Impact Analysis
    3.7. Major Developments in the Market

    Chapter 4. Global Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028

    Chapter 5. Global Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028 – By Type
    5.1. Type 1
    5.2. Type 2
    5.3. Type 3

    Chapter 6. Global Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028 – By End User
    6.1. End User 1
    6.2. End User 2
    6.3. End User 3

    Chapter 7. Global Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028 – By Region
    7.1. North America
    7.2. Europe
    7.3. Asia Pacific
    7.4. Middle East & Africa
    7.5. South America

    Chapter 8. North America Market – Analysis and Revenue Forecast 2021-2028
    8.1. Ayurvedic Herbs Market – By Type
    8.1.1. Type 1
    8.1.2. Type 2
    8.1.3. Type 3

    8.2. North America Ayurvedic Herbs Market – By End User
    8.2.1. End User 1
    8.2.2. End User 2
    8.2.3. End User 3
    8.3. North America Ayurvedic Herbs Market – By Country
    8.3.1. U.S.
    8.3.2. Canada

    Chapter 9. Europe Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028
    9.1. Europe Ayurvedic Herbs Market – By Type
    9.1.1. Type 1
    9.1.2. Type 2
    9.1.3. Type 3
    9.2. Europe Ayurvedic Herbs Market –By End User
    9.2.1. End USER 1
    9.2.2. END USER 2
    9.2.3. END USER 3
    9.3. Europe Ayurvedic Herbs Market – By Country
    9.3.1. Germany
    9.3.2. France
    9.3.3. UK
    9.3.4. Spain
    9.3.5. Italy
    9.3.6. Rest of Europe

    Chapter 10. Asia Pacific Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028
    10.1. Asia Pacific Ayurvedic Herbs Market – By Type
    10.1.1. Type 1
    10.1.2. Type 2
    10.1.3. Type 3
    10.2. Asia Pacific DNA Based Cancer Detection Market – By End User
    10.2.1. End USER 1
    10.2.2. END USER 2
    10.2.3. END USER 3
    10.3. Asia Pacific Ayurvedic Herbs Market – By Country
    10.3.1. China
    10.3.2. India
    10.3.3. Japan
    10.3.4. South Korea
    10.3.5. Rest of Asia Pacific

    Chapter 11. South America Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028
    11.1. South America Ayurvedic Herbs Market – By Type
    11.1.1. Type 1
    11.1.2. Type 2
    11.1.3. Type 3
    11.2. South America Ayurvedic Herbs Market – By End User
    11.2.1. End User 1
    11.2.2. End User 2
    11.2.3. End User 3
    11.3. South America Ayurvedic Herbs Market – By Country
    11.3.1. Brazil
    11.3.2. Mexico
    11.3.3. Rest of South America

    Chapter 12. Middle East & Africa Ayurvedic Herbs Market – Analysis and Revenue Forecast 2021-2028
    12.1. Middle East & Africa Ayurvedic Herbs Market – By Type
    12.1.1. Type 1
    12.1.2. Type 2
    12.1.3. Type 3
    12.2. Middle East & Africa Ayurvedic Herbs Market – By End User
    12.2.1. End User 1
    12.2.2. End User 2
    12.2.3. End User 3
    12.3. Middle East & Africa Ayurvedic Herbs Market – By Country
    12.3.1. UAE
    12.3.2. Saudi Arabia
    12.3.3. Turkey
    12.3.4. Rest of Middle East & Africa

    Chapter 13. Competitive Analysis
    13.1.1. Competition Dashboard
    13.1.2. Company Profiles
    13.1.2.1. Company 1
    13.1.2.2. Company 2
    13.1.2.3. Company 3
    13.1.2.4. Company 4
    13.1.2.5. Company 5
    13.1.2.6. Company 6
    13.1.2.7. Company 7
    13.1.2.8. Company 8
    13.1.2.9. Company 9
    13.1.2.10. Company 10

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    • Dabur India Ltd.
    • Patanjali Ayurved Limited
    • Baidyanath Group
    • Vicco Laboratories
    • Zandu Pharmaceuticals
    • Hamdard Laboratories
    • Amrutanjan Healthcare
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    Report Highlights:

    • Complete overview of market
    • Major drivers, restrain, opportunities, and challenges of the market
    • Market Trends and how they are boosting the market growth
    • Changing dynamics in the Market
    • Complete overview of the market
    • Historical, Base year, projected, and current market size in terms of value and volume
    • COVID-19 Impact analysis of the market
    • Current industry trends and developments

    CLIENTS

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