Global Ayurveda Market Size & Trends (Infographic)
The Global Ayurvedic market size is projected to reach USD 16230 million by 2028, from USD 7273.3 million in 2021, at a CAGR of 12.0% during 2022-2028.
India is the largest Ayurvedic market with about 80% market share. The Middle East is second with 5% market share.
Key Market Drivers:
- Increasing cost of conventional medical care
- Growing demand for natural and organic products
- Rising prevalence of chronic diseases
- Increased awareness of the ayurvedic products’ benefits.
- Expanding medical tourism
Key Market Constraints / Barriers:
- Lack of optimal treatments
- Lack of a killer instinct in the ayurveda business
- Severe regulations
The ayurvedic products market in Europe is expected to grow at the second highest CAGR during the forecast period after Asia.
Ayurvedic products are available in a variety of forms, including capsules, tablets, liquids, creams, and ointments. They can be purchased online, in health food stores, and in some pharmacies.
References
- https://www.linkedin.com/pulse/global-ayurvedic-products-market-size-share-value-growth-bhawarkar
- https://www.linkedin.com/pulse/ayurvedic-market-2023-growing-12-cagr-14360-usd
- https://www.maximizemarketresearch.com/market-report/global-ayurvedic-market/23882/
- https://www.linkedin.com/pulse/global-ayurvedic-products-market-size-share-value-growth-bhawarkar
- https://www.linkedin.com/pulse/ayurvedic-market-2023-growing-12-cagr-14360-usd
- https://www.maximizemarketresearch.com/market-report/global-ayurvedic-market/23882/