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.
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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).
Global Ayurveda Market Report Segment
By Formulation
- Herbal
- Mineral
- Herbo-Mineral
By Application
- Medical/Therapy
- Personal Care
By Distribution Channel
- Retail Stores
- Supermarkets
- Online Marketplaces
By End-User
- Healthcare
- Academia & Research
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Ayurveda Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Amrutanjan Health Care Ltd.
- Arizone International LLP.
- Baidyanath Ayurved
- Bio Veda Action Research Co.
- Cholayil Pvt. Ltd.
- Emami Ltd.
- Elzac Herbals India
- Hamdard Laboratories
- Himalaya Wellness Co.
- Kairali Ayurvedic Group
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