What Has Been the Progress and Growth of the Ayurvedic Herbal Extract Market in Recent Years?
The ayurvedic herbal extract market has seen considerable growth due to a variety of factors.
• The ayurvedic herbal extract market has experienced strong growth in recent years. It will increase from $48.47 billion in 2024 to $52.25 billion in 2025, at a CAGR of 7.8%.
Factors contributing to this growth include cultural heritage and tradition, greater consumer awareness, government support and regulations, rising chronic health conditions, and opportunities for global export.
What Is The Expected Growth In The Ayurvedic Herbal Extract Market Size Evolve over the Forecast Period?
The ayurvedic herbal extract market is expected to maintain its strong growth trajectory in upcoming years.
• The ayurvedic herbal extract market is expected to grow to $69.59 billion by 2029, with a CAGR of 7.4%.
Growth is attributed to increasing focus on wellness and preventive healthcare, technological advancements in extraction and formulation, rising consumer spending on natural products, the expansion of distribution channels, and higher research and development investments. Trends include consumer preference for natural and organic products, advancements in extraction and formulation, growing R&D activity, regulatory support, and a focus on preventive health.
What Main Forces Are Fueling Expansion In The Ayurvedic Herbal Extract Market?
The rising preference for natural and plant-based products is expected to drive growth in the Ayurvedic herbal extract market. Consumers are becoming more health-conscious, seeking products that align with clean label movements and dietary preferences like vegetarianism and veganism. Ayurvedic herbal extracts, which emphasize natural and pure ingredients, are gaining popularity as part of this trend. According to the Plant Based Foods Association, plant-based food sales increased by 6.6% in 2022, which supports growth in the Ayurvedic herbal extract market.
What Are The Primary Segments In The Global Ayurvedic Herbal Extract Market?
The ayurvedic herbal extract market covered in this report is segmented –
1) By Type: Ashwagandha, Ajwain, Bramhi, Ginseng, Cardamom, Cumin, Basil, Neem, Licorice Root, Other Types
2) By Form: Liquid Or Tinctures, Powders, Essential Oils, Other Forms
3) By Application: Food And Beverages, Personal Care And Cosmetics, Pharmaceutical And Nutraceutical, Animal Feed
Subsegments:
1) By Ashwagandha: Root Extract, Leaf Extract, Organic Ashwagandha Extract, Standardized Ashwagandha Extract (Withanolides), Ashwagandha Powder, Ashwagandha Capsules Or Tablets
2) By Ajwain: Ajwain Seed Extract, Ajwain Oil Extract, Standardized Ajwain Extract (Thymol), Ajwain Powder, Ajwain For Digestive Health Supplements
3) By Brahmi: Brahmi Leaf Extract, Brahmi Powder, Bacopa Monnieri Extract, Standardized Brahmi Extract (Bacosides), Brahmi Capsules OrTablets, Brahmi Oil For Hair Care
4) By Ginseng: Asian Ginseng (Panax Ginseng) Extract, American Ginseng Extract, Ginseng Root Powder, Standardized Ginseng Extract (Ginsenosides), Red Ginseng Extract, Ginseng Capsules Or Tablets
5) By Cardamom: Green Cardamom Extract, Black Cardamom Extract, Cardamom Oil Extract, Cardamom Powder, Standardized Cardamom Extract (Essential Oils)
6) By Cumin: Cumin Seed Extract, Cumin Oil Extract, Cumin Powder, Standardized Cumin Extract (Thymol), Cumin For Digestive Health Supplements
7) By Basil: Holy Basil (Tulsi) Extract, Tulsi Leaf Extract, Organic Basil Extract, Standardized Basil Extract (Ursolic Acid), Basil Oil Extract For Stress Relief, Basil Capsules Or Tablets
8) By Neem: Neem Leaf Extract, Neem Bark Extract, Neem Oil Extract, Organic Neem Extract, Standardized Neem Extract (Azadirachtin), Neem Powder For Skin Care
9) By Licorice Root: Licorice Root Extract, Standardized Licorice Extract (Glycyrrhizin), Licorice Root Powder, Organic Licorice Root Extract, Licorice Root For Respiratory Health, Licorice Extract Capsules Or Tablets
10) By Other Types: Turmeric Extract, Tulsi Extract, Amla Extract, Moringa Extract, Shatavari Extract, Gotu Kola Extract, Ginger Extract, Triphala Extract, Fenugreek Extract
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How Are New Trends Impacting The Size Of The Ayurvedic Herbal Extract Market?
Companies in the ayurvedic herbal extract market are creating products that cater to the growing demand for natural health solutions. In July 2024, Zydus Wellness, an India-based consumer goods company, launched Complan Immuno-Gro, an immunity-boosting beverage based on Ayurvedic ingredients like brahmi and ashwagandha. The product is marketed to support children's immune systems, growth, and memory.
Who Are the Key Players In The Ayurvedic Herbal Extract Market?
Major companies operating in the ayurvedic herbal extract market are:
• Dabur India Limited
• Aimil Pharmaceuticals Ltd.
• Emami Group
• Charak Pharma Pvt. Ltd.
• Swanson Health Products Inc.
• Vasu Healthcare Pvt. Ltd.
• Nature's Way Products Inc.
• Natural Remedies Pvt. Ltd.
• Gaia Herbs Inc.
• Maharishi AyurVeda Products International Inc.
• Organic India Private Limited
• Sriveda Sattva Private Limited
• Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
• Kairali Ayurvedic Group
• Patanjali Ayurved Limited
• Sandu Pharmaceuticals Ltd.
• Botanic Healthcare Private Limited
• Himalaya Global Holdings Ltd.
• Ayush Herbs Inc.
• Zandu Pharmaceuticals Works Ltd.
• Ancient Greenfiels Private Limited
• Vicco Laboratories
• Natreon Inc.
• Kerala Ayurveda Limited
• Herbal Hills Wellness
What Is The Most Dominant Region In The Ayurvedic Herbal Extract Market?
Asia-Pacific was the largest region in the ayurvedic herbal extract market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the ayurvedic herbal extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
