About Ayurvedic Herbs
The Ayurvedic herbs market growth is propelled by rising in consumer health consciousness and an improved distribution network. shoppers are ready to pay a lot of for those merchandise that give health advantages, and this awareness is expected to be a driver for the Ayurvedic herbal products market development. Ayurvedic Herbs and their products are still in emergent stages in varied western countries like Argentina, Canada, and Peru alongside different developing regions. These are still untapped, which present lucrative Ayurvedic herbs market opportunities for manufacturers of Ayurvedic herbs products. Growing attention to alternative medicine is creating opportunities and Ayurvedic herbs market trends for the natural ingredients in coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Growing attention to alternative medicine is creating opportunities and Ayurvedic herbs market trends for the natural ingredients in coming years. There is an opportunity for suppliers of natural ingredients in developing countries, especially since some ingredients are not grown in Europe. The herbal and ayurvedic herbs are being demanded in the market Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Ayurvedic Herbs market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Colgate-Palmolive Company (United States), Dabur India Ltd. (India), Emami Limited (India), Kairali Ayurvedic Group (India), P&G (United States), Patanjali Ayurved Limited (India), Shahnaz Ayurveda Pvt. Ltd (India), Shree Baidyanath Ayurveda Bhawan Pvt. Ltd (India), The Himalaya Drug Company (India) and Unilever (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ayurvedic Herbs market by Type (Withania Somnifera (Ashwagandha), Frankincense (Boswellia), Indian Gooseberry (Triphala), Bacopa Monnieri (Brahmi), Turmeric, Cumin, Bitter Melon and Others) and Region.
On the basis of geography, the market of Ayurvedic Herbs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Raw will boost the Ayurvedic Herbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Business to Business will boost the Ayurvedic Herbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Indication, the sub-segment i.e. Cardiovascular Diseases will boost the Ayurvedic Herbs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trends to Adopt the Natural Ingredients and Increasing Adoption by The Developing Countries
Market Growth Drivers:
Increase In Disposable Income and Increase In Awareness About the Health Benefits
Challenges:
Intense Competition in The Market
Restraints:
High Cost of The Herbs
Opportunities:
Increased Scientific Research and Development Activities
Market Leaders and their expansionary development strategies
In October 2023, Himalaya Drug Company and The Himalaya Drug Research Institute signed a partnership agreement to develop new ayurvedic herbal medicines. The two organizations will combine their expertise in traditional Indian medicine and modern science to develop new treatments for a variety of diseases.
In September 2023, Dabur India Ltd. acquired Baidyanath Group. This acquisition will strengthen Dabur's position in the ayurvedic herbs market and expand its reach into the northern Indian market.
Key Target Audience
Manufacturers of Ayurvedic Herbs, Suppliers and distributors of Ayurvedic Herbs, Vendors of Ayurvedic Herbs, Raw Material Supplier of Ayurvedic Herbs, Governmental and Regulatory bodies and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.