The global Ayurveda market is expected to grow at a CAGR of 25.2% during the forecast period (2024-2031). Increasing support from national organizations to sustain the Ayurveda industry through policies, plans, and regulations is a key factor driving the growth of the global market. This support is aimed at strengthening the roots of ancient medicinal practices across the world and innovating medical practices to treat modern ailments. For instance, under the National Ayurveda Mission, a budget of $464.68 million has been allocated for Ayurvedic Wellness Centers over the next five years. The centers have contributed to the wellness sector by revamping 150,000 existing health centers across the country.
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Being a pioneer in the industry, India continues to invest and is being looked to by international organisations to develop and grow the industry’s R&D and infrastructure for global consumption. For example, in November 2020, the World Health Organisation (WHO) selected India as the country to set up a traditional medicine centre to strengthen Ayurvedic research, training and awareness. Following the announcement, the Prime Minister of India inaugurated two Ayurvedic institutes – Institute of Ayurvedic Education and Research (ITRA) in Jamnagar (Gujarat) and National Institute of Ayurvedic Research (NIA) in Jaipur (Rajasthan).
Global Ayurveda Market Report Segment
By prescription
• Herbs
• Minerals
• Herbal Minerals
By Application
• Medical/Therapy
• Personal Care
By distribution channel
• retail store
• supermarket
• Online Marketplace
By end user
• health care
• Academic Research
The complete Ayurvedic market report is https://www.omrglobal.com/industry-reports/ayurveda-market
Ayurveda Market Report Regional Segment
North America
• America
• Canada
Europe
• Germany
• England
• France
• Spain
• Italy
• Other Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Rest of the World
• Middle East and Africa
• latin america
Company Profile
• Amrutanjan Healthcare Pvt. Ltd.
• Arizona International LLP.
• Vaidanath Ayurveda
• Bioveda Action Research Co., Ltd.
• Cholayil Co., Ltd.
• Emami Co., Ltd.
• Elzak Herbals India
• Hamdard Research Institute
• Himalaya Wellness Co., Ltd.
• Kairali Ayurveda Group
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