Ayurveda Market: Beating Historical Challenges, What's Next
The Latest Released Ayurveda Industry in 2022 market study has evaluated the?future growth potential of Ayurveda Industry in India 2022 market? and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Ayurveda Industry in 2022 market. The study includes market share analysis and profiles of players such as Dabur India Limited, Emami Limited, Herbolab India Private Limited, Patanjali Ayurved Limited, Shahnaz Ayurveda Private Limited, Shree Baidyanath Ayurved Bhawan Private Limited, The Himalaya Drug Company, Ananda In The Himalayas, Mercure Goa Deevaya Retreat, Somatheeram Ayurvedic Hospital and Yoga Centre Private Limited.
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The Indian Systems of Medicine (ISM) is a globally recognized traditional system of medicine. It includes India’s ancient medicinal practices such as Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy (together called AYUSH). Ayurvedic medicinal practices are based on complex herbal compounds, minerals, and metal substances. In the past few decades, Ayurveda has evolved and has been widely accepted as the science of using herbs and other medicinal plants for developing healthcare and wellness products. Some of the major players operating in the Indian Ayurveda industry are Dabur India Limited, Emami Limited, Patanjali Ayurveda Limited, Shahnaz Ayurveda Private Limited, Shree Baidyanath Ayurved Bhawan Private Limited, and The Himalaya Drug Company.
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Market insights:
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The revenue of the Ayurveda industry in India is expected to reach INR 1,060.13 Bn by 2026, expanding at a CAGR of ~17.51% during the 2021 – 2026 period. Improved awareness regarding the benefits of Ayurvedic products, consumers' inclination toward well-being, and concerns regarding the use of chemicals in daily-use products are factors driving the growth of this market. However, the major challenges hindering the growth of the market are shortage of quality raw materials to produce Ayurvedic compounds and unavailability of skilled personnel in the industry.
Major Highlights of the Ayurveda Industry in 2022 Market report released by HTF MI
Segment insights:
Based on usage, the Ayurveda industry in India is segmented into Ayurveda products and Ayurveda services. In 2021, Ayurveda products, which includes personal care products, food and beverages, household products, and healthcare products, held the largest of the market due to increasing demand during the first and second waves of the COVID-19 pandemic. The Ayurveda services segment is expected expand again in the next few years given its effectiveness in boosting immunity during the pandemic.
Revenue and Sales Estimation — Historical Revenue and sales volume are presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry.
SWOT Analysis on Ayurveda Industry in 2022 Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
? Local System and Other Regulation: Regional variations in Laws for the use of Ayurveda Industry in 2022
? Regulation and its Implications
? Other Compliances
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COVID-19 impact analysis:
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The COVID-19 pandemic resulted in increased demand for ingredients and herbs used for making Ayurvedic medicines. Moreover, the AYUSH Ministry and the Indian government have undertaken several initiatives, such as dedicated storefront for Ayurveda products on Amazon.in, and campaigns to distribute prophylactic medicines to treat COVID-19. Ayurvedic compounds usually have intrinsic properties to boost human body’s resistance capacity. As a result, the demand for Ayurvedic products surged across the country during the pandemic.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
? Political (Political policy and stability as well as trade, fiscal, and taxation policies)
? Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
? Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
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? Technological (Changes in digital or mobile technology, automation, research, and development)
? Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
? Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Heat map Analysis, 3-Year Financial and Detailed Company Profiles of Key & Emerging Players: Dabur India Limited, Emami Limited, Herbolab India Private Limited, Patanjali Ayurved Limited, Shahnaz Ayurveda Private Limited, Shree Baidyanath Ayurved Bhawan Private Limited, The Himalaya Drug Company, Ananda In The Himalayas, Mercure Goa Deevaya Retreat, Somatheeram Ayurvedic Hospital and Yoga Centre Private Limited
Geographically, the following regions together with the listed national/local markets are fully investigated:
? APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
? Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
? North America (U.S., Canada, and Mexico)
? South America (Brazil, Chile, Argentina, Rest of South America)
? MEA (Saudi Arabia, UAE, South Africa)
Some Extracts from Ayurveda Industry in India 2022 Market Study Table of Content
Ayurveda Industry in India 2022 Market Size (Sales) Market Share by Type (Product Category) in 2021
Ayurveda Industry in 2022 Market by Application/End Users
Global Ayurveda Industry in India 2022 Sales and Growth Rate (2017-2028)
Ayurveda Industry in 2022 Competition by Players/Suppliers, Region, Type, and Application
Ayurveda Industry in 2022 (Volume, Value, and Sales Price) table defined for each geographic region defined.
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in complete table of Contents
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