India’s Ayurvedic market to reach 1.2 liters per year by 2028

news business

India’s Ayurvedic market to reach 1.2 liters per year by 2028

array (
[galleryId] => 853e4c736d9e7b2c936ca7820d2ae8763decf0b067abf1e5
[thumbImage] => https://ngs-space1.sgp1.digitaloceanspaces.com/am/uploads/mediaGallery/image/1626184686285.jpg-thmb
[largeImage] => https://ngs-space1.sgp1.digitaloceanspaces.com/am/uploads/mediaGallery/image/1626184686285.jpg-sldr
[fullImage] => https://ngs-space1.sgp1.digitaloceanspaces.com/am/uploads/mediaGallery/image/1626184686285.jpg-org
[videoObj] =>
=> Ayurveda
[altText] =>
India’s Ayurveda market to reach Rs 1.2L cr by FY28  Ahmedabad Mirror =>
India’s Ayurveda market to reach Rs 1.2L cr by FY28 => )

ayurveda

P.T.I.

April 6, 2024 10:00 AM | Updated: April 6, 2024 12:45 AM | 4 minute read

#New Delhi
According to the study, the Indian Ayurvedic products market is expected to reach USD 16.27 billion or Rs 1.2 billion by FY 2028, from the current USD 7 billion or Rs 57.45 billion.

According to Ayurvedic technology startup Nilog Street, the Ayurvedic products market is witnessing significant growth due to the increasing demand for natural and herbal remedies in the domestic and international markets.

India’s Ayurvedic products market is expected to grow significantly, with market value increasing significantly to Rs 126,000 crore (US$ 16.27 billion) by FY28, Nilog Street cited research findings. He said there are predictions.

According to research by NirogStreet, the overall market for Ayurvedic products and services is expected to grow at a CAGR of 15% from FY2023 to FY2028, with the products and services segments growing at a CAGR of 16% and 12.4%, respectively. It is expected that.
​​​​​​​
The study also estimated the value of the country’s Ayurvedic manufacturing industry at Rs 89.75 billion (US$11 billion) in FY22. This figure includes exports of around Rs 40,900 crore. P.T.I.