HERBAL PRODUCTS:

In recent years, the global market for herbal-based products has increased rapidly. The industry is expected to grow at a CAGR of roughly 6.8% during the next few years. The increased awareness of preventive healthcare practises is the market’s primary driver. The world market has been divided into four categories based on sources: leaves, barks, fruits and vegetables, and roots. Herbal plants have therapeutic compounds in their leaves, which are extracted to make herbal supplements. Some of the most frequent leaf extracts used to create these supplements are Ginkgo biloba and Camellia sinensis (green tea). The leaves section of the market has grown due to increased demand for herbal products in healthcare, food and beverage, and cosmetics.

MEDICINAL PLANTS CULTIVATION:

Cultivation of medicinal herbs such as Shankhapushpi, Atis, kuth, kutki, kapikachhu, and karanja is transforming the Indian agricultural Ayurvedic landscape, providing farmers with unprecedented potential to raise their revenue. 25 important medicinal herbs are always in high demand, according to The Traditional Treatment Health Center. Indian Barbery, Licorice, Bael, Isabgol, Atis, Guggal, Kerth, Aonla, Chandan, Senna, Baiberang, Long Pepper, Brahmi, Jatamansi, Madhunashini, Kalmegh, Satavari, Ashwagandha, Chirata, Katki, Shankhpushpi, Ashoka, Giloe, kokum, Safed Musli.

HERBAL COSMETICS:

Due to increased knowledge of the benefits of herbal ingredients, rising per capita income, and growing urbanisation, the herbal cosmetics industry in Asia Pacific is expected to grow at a rapid pace. Vietnam, Indonesia, the Philippines, and Malaysia are transitioning away from chemical-based cosmetics and toward herbal skin care. Manufacturers in the global herbal cosmetics market are expected to benefit from this. Herbal care products are predicted to be produced in European countries such as Germany, France, and the United Kingdom.

AYURVEDIC INDUSTRY:

Ayurveda is an Indian system of medicine that is based on “Ayurvedic” natural herbs. It is a type of complementary medicine. Ayurveda is one of the most popular forms of traditional medicine in India, with about 80% of the population using it. Nepal, Sri Lanka, Pakistan, and Myanmar are among the countries that use it, and it is comparable to Chinese and European traditional medical systems. The global ayurvedic market is predicted to develop at a 16.2 percent compound annual growth rate (CAGR).

Increasing demand for natural and organic products, expanding medical tourism around the globe, rising consumer awareness, and growing demand for Ayurvedic cosmetics products are some of the important drivers driving market growth. Organic skincare products are gaining traction, and the market is expected to grow even more. Anti-ageing and anti-wrinkle creams are expected to drive market expansion, in addition to an expanding consumer base. Furthermore, practical advancements in Ayurvedic medicine would provide excellent investment prospects for market participants.

PRODUCTS COVERED:

• Personal Care Products
• Hair Care & Fragrances
• Skin Care
• Oral Care
• Make-Up
• Healthcare Products
• Ayurvedic Medicines
• Ayurvedic Nutraceuticals
• Dietary Supplements

INDIA HERBAL PRODUCTS MARKET

The herbal products market in India is expected to develop at a CAGR of 18%. The herbal goods industry in India is expanding as people become more aware of the dangers of chemical formulations and the health benefits of herbal supplements over synthetic supplements. Furthermore, due to rising disposable income and the popularity of plant-based components, consumer preferences in India are evolving toward safe, natural, and elegant products.

Personal Care & Cosmetics products and Healthcare goods are the two segments of the herbal products market, with Personal Care & Cosmetics products predicted to grow faster than Healthcare goods over the projected period. Because of its enormous popularity, the Personal Care & Cosmetics items sector holds the largest share.

GLOBAL HERBAL MARKET SIZE:

The global herbal supplements market is expected to increase at a CAGR of 6.2 percent over the next five years. Rising interest in natural products, increased knowledge of preventative healthcare, and increased spending on health and wellbeing are some of the primary drivers driving market growth. The global market for herbal products is being fueled by a growing elderly population as well as an increase in the prevalence of chronic illnesses.

Increased expenditure on health and wellbeing, as well as rising disposable income levels, are predicted to boost demand for herbal supplements internationally, particularly in emerging economies. Consumers are increasingly preferring to purchase health and wellbeing products over luxury things. Herbal supplements aid in the maintenance of cholesterol levels, the regulation of the digestive system, and stress reduction. As a result, rising awareness of the health benefits offered by these products is likely to drive market growth.

TOP PLAYERS WORLDWIDE

• Gaia Herbs.
• Herb Pharm.
• Nature’s Bounty.
• Nutraceutical Corporation.
• Rainbow Light Nutritional Systems.
• Bio-Botanica Inc.
• Arizona Natural Products.