Global Ayurvedic Nutraceuticals and Dietary Supplements Market

Ayurvedic Nutraceuticals And Dietary Supplements Market Size, Share, Growth Analysis, By Target consumer(Infant, Children, Adults, Pregnant women), By Form(Tablets, Powder, Liquids, Others), By Distribution Channel(Pharmacies, Drug Stores, Hypermarket/Supermarket, Online Stores), By Region - Industry Forecast 2024-2031


Report ID: SQMIG30I2367 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 96 | Figures: 76

Ayurvedic Nutraceuticals And Dietary Supplements Market Insights

Ayurvedic Nutraceuticals And Dietary Supplements Market size was valued at USD 266.24 billion in 2019 and is poised to grow from USD 286.21 billion in 2023 to USD 548.73 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The global market for Ayurvedic Nutraceuticals and Dietary Supplements is primarily being driven by a strong demand for non-traditional medicinal products to obtain better outcomes than those obtained from conventional pharmaceutical treatments. Additionally, many governments around the world supply herbal products at prices that are comparably lower than those of synthetically produced medicines, making it simpler for people with limited disposable means to purchase them. 

The global market for herbal medicinal products is also being significantly driven by rising awareness of the advantages of allopathic medications. Finally, a lot of goods are being introduced that contain botanical components to provide them medical characteristics. As a result, from a commodity-based perspective, these commodities are also powerfully propelling the worldwide market for Ayurvedic Nutraceuticals and Dietary Supplements market. 
Due to their "natural" designation, ayurvedic supplements are becoming more and more popular. In order to improve their health, consumers are choosing dietary supplements and ayurvedic nutraceuticals. The global market for ayurvedic nutraceuticals and dietary supplements has consequently expanded as a result of rising prices for medical and dietary goods.

Consumers are being pushed to live healthier lives by an increased sedentary lifestyle. There are an increasing number of mental and physical health issues. Nowadays, a high number of people are looking for safer, healthier, and more affordable options. Because more people are aware of them, ayurvedic nutraceuticals and dietary supplements are becoming more popular.

US Ayurvedic Nutraceuticals And Dietary Supplements Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Ayurvedic Nutraceuticals And Dietary Supplements Market size was valued at USD 266.24 billion in 2019 and is poised to grow from USD 286.21 billion in 2023 to USD 548.73 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

The ayurvedic nutraceuticals and dietary supplements market is highly fragmented, with numerous small and major companies competing on price and quality. 'Dabur India Ltd.', 'Himalaya Drug Company', 'Patanjali Ayurved Ltd.', 'Amway Corporation', 'Baidyanath Ayurved Bhawan Pvt. Ltd.', 'Charak Pharma Pvt. Ltd.', 'Emami Ltd.', 'Hamdard Laboratories India', 'Vicco Laboratories', 'Organic India Pvt. Ltd.', 'Kerala Ayurveda Ltd.', 'Zandu Realty Ltd.', 'Nutraceutical International Corporation', 'Natreon Inc.', 'Natura Biotechnol Pvt. Ltd.', 'Nature's Life', 'Bio-Botanica Inc.', 'The Himalaya Drug Company USA', 'Sundial Brands LLC', 'Gaia Herbs Inc.'

The global demand for plant-based products has skyrocketed. The vast majority of natural and Ayurvedic substances are of plant or non-animal origin. Vegetarianism is well-established and influences supplement selections made by customers. In response to this need, vegetarian polymer—cellulose based capsules known as HPMC are now commercially accessible (hydroxypropyl methylcellulose).

Significant Health Benefits to Human Health: The health benefits associated with ayurvedic ingredients is driving the demand for ayurvedic nutraceuticals market. 

Geographically, Asia Pacific, particularly India, is expected to be the dominant market in the global Ayurvedic medicines market as the originator and birthplace of the world's Ayurvedic medicines markets. Furthermore, the global Ayurvedic medicines market would expand as a result of technology advancements used by local and global Ayurvedic medicines manufacturers in India and other regions.

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Global Ayurvedic Nutraceuticals and Dietary Supplements Market

Report ID: SQMIG30I2367

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