Latest News- Ayurveda Market: Products is expected to lead the Type segment during 2025-2029

The Ayurveda Market is being driven by Low side effects of ayurveda medicines

The Ayurveda Market is expected to grow at a CAGR of 20.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11299 million. The global ayurveda market is experiencing significant growth due to increasing consumer preference for natural health solutions. With an aging population seeking to avoid the potential side effects of allopathic medicines, ayurvedic medicines have gained popularity. The COVID-19 pandemic has further fueled market growth, as people focus on building immunity against the virus. According to UN projections, the global population aged 60 and above is projected to reach 1 billion by 2030. This demographic shift, coupled with the pandemic, is driving substantial demand for ayurvedic herbal medicines and supplements. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Products
  • Services
• Application
  • Personal care
  • Medicinal
• Geography
  • Asia
    • India
  • North America
    • US
  • Europe
    • France
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Low side effects of ayurveda medicines
• Rising demand for natural medicines
• Increasing launches of new products

However, the market also witnesses some limitations, which are as follows:

• Inadequate knowledge of ayurveda science in Western regions
• Insufficient supply of raw materials
• Stringent regulation on ayurveda products

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Market Scope in Ayurveda Market Research Report

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Research Analysis Overview

Ayurvedic medicine offers natural solutions for various chronic health issues, including obesity, stress, diabetes, and more, through herbal remedies and herbomineral preparations. The intricate procedures of Ayurveda focus on balancing Vatta, Pitta, and Kapha doshas using natural ingredients, free from synthetic chemicals. Ayurvedic goods encompass herbal items, health supplements, oral care products, personal care items, and even medical tourism. Government support for traditional medicine promotes the use of natural herbs and plant-based medications for treating a wide range of conditions. Anti-wrinkle and anti-aging creams are also popular Ayurvedic offerings.

Market Research Overview

The Ayurvedic market encompasses businesses involved in the research and development or production of herbal remedies, Ayurvedic medicines, and related products. This sector includes herbal, herbomineral, mineral, and medicinal offerings for personal care, obesity management, and chronic health issues. The market's expansion is influenced by the growing prevalence of chronic conditions and increasing consumer awareness of alternative treatments. Additionally, demographic shifts, such as aging populations in regions like Europe and the US, will fuel demand for Ayurvedic solutions to address respiratory system issues and other health concerns associated with aging. This market segment is a significant contributor to the global healthcare industry, which is projected to grow substantially due to an aging population and rising healthcare expenditures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/