new york, April 26, 2024 /PRNewswire/ — Global ayurveda market The size is estimated to grow as follows $7.19 According to Technavio, it will reach $1 billion between 2024 and 2028. The market is estimated to grow at a CAGR of 16.01% during the forecast period. Asia It is estimated that it contributes to 79%. For global market growth.
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Technavio has published its latest market research report titled “Global Ayurveda Market 2024-2028”.
The Ayurveda market report projects market growth by revenue at global, regional and country levels from 2017 to 2027.
Regional outlook
- North America
- Europe
- Asia
- Rest of the world
3. Asia – In the future, Asia That would boost the global market by 79%. Technavio’s experts explain why.in Asia, more and more people are aware of the shortcomings of regular medicines and are turning to herbal products. Issues such as overweight, heart problems, lack of nutrients, and the use of artificial products are driving the market. People love treatments like Panchakarma, Ayurvedic Massage, and Yoga Retreats.
- To keep up, we need better ingredients, proof of their effectiveness, and the highest quality materials. In the West, people seek out these supplements, beauty goods, foods, and health care items. We need to teach consumers to eliminate false beliefs. But there are problems getting things from A to B, including labor shortages, conflicts between countries, and environmental concerns.
- We have to keep things the same and give them the OK. There are some differences depending on where people live and what they believe. There is so much to buy at the Ayurvedic market, from spices to medicines to skin products. People like the idea of staying healthy and feeling safe, so that’s what we have to sell.That’s why the market will continue to grow Asia.
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research analysis
The Ayurvedic market includes a wide range of herbal remedies and Ayurvedic products rooted in ancient Indian traditions. These natural remedies address chronic health problems, including obesity, by balancing his three doshas: Vatta, Pitta, and Kapha. Herbal and herbomineral formulations derived from natural ingredients are essential to this system.
Government support and medical tourism are driving the growth of this sector, offering complex procedures and health supplements. Oral care products and personal care products are also part of the Ayurvedic market, demonstrating the versatility of plant-based medicines. The use of synthetic chemicals is minimized, ensuring the authenticity of natural herbs and their therapeutic effectiveness. Anti-wrinkle and anti-aging creams are popular choices, reflecting global demand for effective, natural and holistic approaches to health.
Market overview
Ayurvedic market constitutes an important part of the global healthcare industry. Herbal remedies, an important component of Ayurvedic practice, are in high demand. Obesity, cardiovascular issues, and mental health concerns are common reasons for seeking Ayurvedic treatment. Herbal medicines for these conditions include turmeric, ashwagandha, and guduchi. Ayurvedic practice also emphasizes dietary and lifestyle modifications.
Ayurvedic products are increasing in popularity in the US market, with an estimated CAGR of 11% from 2020 to 2027. Europe, the market is expected to reach 12.2 billion euros by 2027. Ayurvedic treatments have become a natural alternative to conventional medicines and are becoming increasingly attractive to consumers.
Market growth is driven by factors such as rising healthcare costs, increasing awareness of natural remedies, and increasing aging population. The Ayurveda market is expected to continue its steady growth.
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Main topics covered:
1.executive summary
2 Market scenery
3 Determining market size
4 Past market size
5 Five Forces Analysis
6 Market segmentation
7 Customer situation
8 Geographic Landscape
9 drivers, challenges and trends
10 Scenery of Venodor
11 Vendor analysis
12 Appendix
About Technavio
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