Ayurvedic Products Market report by Market Research Future contains all analytical and statistical transient regarding Market summary, Growth, Demand and Forecast analysis with penetrating summary and solution within the complex industry
Pune, Maharashtra - May 16, 2019 /MarketersMedia/ —
The Global Ayurvedic Products Market share is expected to grow at a higher growth rate supported by the rising awareness about the benefits of Ayurvedic health supplements and personal care products among the population. Increasing demand for healthy and herbal cosmetics among various countries has also increased the share for Ayurvedic Products in the global market. Developing economic conditions of various regions is fueling up the market demand for Ayurvedic Products on the global level. All of these factors contribute to the calculated CAGR of 4.2% of Ayurvedic Products Market during 2017-2023.
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Rising sale of Ayurvedic Products is driven majorly by its diverse and potential application across the personal care and healthcare industries. Ayurvedic products are highly consumed by in the form of health supplements to enhance the body’s immune system. Ayurvedic formulations are also used majorly in personal care products including skin care and hair care products to naturally improve the skin and hair related issues. Rising consumer’s awareness of the wide application of the herbal and natural product is influencing the sale of Ayurvedic products positively.
In addition, increasing beauty-consciousness among the female population in developed regions have led to increased demand for Ayurvedic Products globally. Furthermore, increasing disposable income backed up by developing economic conditions has also influenced the positive growth of this market. The production of Ayurvedic Products is high in the Asia Pacific as India is the origin or Ayurvedic medicines and is projected to increase at a positive growth rate in various countries of North America and Europe over the forecast period.
Ayurvedic Products Market - Key Players
Some of the key players profiled in the Global Ayurvedic Products Market are
Dabur India Ltd. (India)
The Himalaya Drug Company (India)
Natreon Inc (U.S.)
Patanjali Ayurved Limited (India)
Basic Ayurveda (India)
Herbal Hills (India)
Planet Ayurveda (India)
Ayurvedic Products Market - Segments
Ayurvedic Products has been segmented on the basis of product-type, which comprises personal care, healthcare and others. Healthcare products is found to hold a major share due to high consumer’s preference.
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Ayurvedic Products has been segmented on the basis of specialty attributes, which comprises organic, vegan, GMO-free, and others. Organic Ayurvedic products holds a major share.
Ayurvedic Products has been segmented on the basis of the distribution channel, which comprises supermarket/hypermarket, specialty stores, drugstores, convenience stores, e-commerce, and others. Sale through drugstores is growing with a higher growth rate however, supermarket/hypermarket holds a major share among the various distribution channels of Ayurvedic products.
Ayurvedic Products Market - Regional Analysis
The Global Ayurvedic Products Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Asia Pacific accounts for the major market share followed by North America. High demand for herbal and natural healthcare products is influencing the high production volume of Ayurvedic Products in the country is projected to generate a high revenue during the given forecast period. Furthermore, urbanization will support the sale of Ayurvedic products in Asia Pacific region during the forecast period. The Major importers of Ayurvedic Products include the U.S., China, France, Germany and Canada.
Ayurvedic Products Market - Key Findings
Market share of vegan Ayurvedic Products is found to be growing at a higher rate during the forecast period owing to rising population of vegan consumers
Top exporters of Ayurvedic Products include the India, U.S., France, Germany and U.K.
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