Global Ayurveda market is anticipated to grow at a CAGR of 25.2% during the forecast period (2024–2031). The increasing support from state-run organizations to sustain the Ayurveda industry through policies, schemes, and regulations is a key factor driving the global market growth. The support is aimed at strengthening the roots of ancient medicinal practices across the globe and innovating medicinal practices to cure modern-day ailments. For instance, a budget of $464.68 million is set aside for the next five years for Ayush Wellness Centers under the National Ayush Mission. The center has contributed to the wellness sector by revamping the existing 1.5 lakh health centers across the country.
Browse the full report description of “Ayurveda Market Size, Share & Trends Analysis Report by Form (Herbal, Mineral, and Herbo-Mineral), by Application (Medical/Therapy, and Personal), by Distribution Channel (Retail Stores, Supermarkets, and Online Marketplaces), and by End-User (Healthcare, and Academia & Research), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/ayurveda-market
India, a pioneer of the industry is constantly investing and is being relied upon by international organizations to develop and grow the industry's R&D and infrastructure for global consumption. For instance, in November 2020, the World Health Organization (WHO) selected India to set up a traditional medicine center to strengthen research, training, and awareness of Ayurveda. After the announcement, the Indian PM inaugurated two ayurveda institutions: the Institute of Teaching and Research in Ayurveda (ITRA), Jamnagar (Gujarat), and the National Institute of Ayurveda (NIA), Jaipur (Rajasthan).
Market Coverage
• The market number available for 2023-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By Formulation
o By Application
o By Distribution Channel
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Patanjali Ayurveda Ltd., Kerala Ayurveda Ltd., Himalaya, Vicco Laboratories, and Dabur Ltd. among others.
Key questions addressed by the report
Global Ayurveda Market Report Segment
By Formulation
By Application
By Distribution Channel
By End-User
Global Ayurveda Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· The Middle East and Africa
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