India Herbal
Supplements market is anticipated to grow significantly rate in the projected period
of 2028 due to various factors such as increasing health awareness,
rising disposable income, changing lifestyles, and growing prevalence of
lifestyle diseases.
Herbal Supplements are products derived from plants that are
used to treat or prevent various health conditions. They can have different
effects on the body, depending on the type, dosage, and quality of the
supplement. Some Herbal Supplements may have beneficial effects, such as
reducing inflammation, improving digestion, or boosting immunity. According to
the national family health survey, it is estimated that more than 30 - 40% of the
Indian population suffering from anemia due to the micronutrient deficiencies. This
in turn is expected to increase the demand for herbal supplements that address
anemia, thereby supporting the growth of India herbal supplements market.
The rising consumer desire for preventative healthcare and customized
nutrition is the factor that is driving the growth of the herbal supplement
market in India. As consumers become more aware of the negative effects of
chemicals and the advantages of natural components, they are moving away from
medicines and towards nutraceuticals and herbal supplements, thereby fueling
the growth of India herbal supplements market. Additionally, people with hectic
schedules are choosing herbal supplements to meet their nutritional demands and
avoid nutritional deficiencies. However, the market needs to deal with issues
like strict rules governing product labelling and safety claims, a lack of
product standardization and quality control, and intense local and
international rivalry.
Increasing Health Consciousness is a Factor that Drives the
India Herbal Supplements Market Growth
One of the main factors influencing the herbal supplement
market in India is the rise in health consciousness. More and more individuals
are turning to natural and herbal products to support their health as they
become more aware of the advantages of keeping in good health and preventing
medical conditions. People are increasingly choosing natural and organic items
over synthetic ones as they become more health conscious. Since, they are
safer and more natural than synthetic supplements, Herbal Supplements are
becoming more demanded and popular as an among to peoples in India. More people
are emphasizing preventive healthcare due to the rising cost of healthcare. Herbal
Supplements are seen to support good health and prevent diseases, which is in
line with the preventive healthcare approach. As per statistical reports, the
demand for nutritional supplements has increased by over 30% in the
post-COVID-19 period. whereas Amway India reported 13% growth in nutrition segment
that contribute to over 60% of company’s total revenues in year 2020.
In addition, Ayurveda, the traditional system of medicine in
India, has been gaining popularity in after COVID-19 pandemic. As people become
more aware of the benefits of traditional medicine, they are turning towards Herbal
Supplements that are based on Ayurvedic principles. As a result, many companies
shifted or introduced new products to target the customer and created a favorable
market where people are about herbal products and it effect on health. There is
now a wide range of products Herbal Supplement product available to consumers.
This has made it easier for people to access and try out different herbal supplements.
Hence, growing health consciousness are propelling the Indian Herbal
Supplements market by creating a demand for natural and preventive healthcare
products that can support good health and well-being.
Increasing Acceptance of Traditional Medicine is Factor Driving
the Herbal Supplements Market Growth
The increasing acceptance of traditional medicine is another key
driver of the Herbal Supplements market in India. Traditional medicine, also
known as complementary and alternative medicine, refers to the use of natural
products and practices that are based on the knowledge and beliefs of different
cultures and regions. Traditional medicine has been gaining popularity in
recent years due to various reasons, such as the rising awareness of its
benefits, the growing demand for natural and organic products, and the
dissatisfaction with conventional medicine. Ayurveda
is gaining popularity not just in India, but also around the world. As more
people become aware of the benefits of Ayurveda, there is a growing demand for Herbal
Supplements that are based on Ayurvedic principles.
The Indian government has been promoting the use of
traditional medicine, including Ayurveda, through various initiatives. This has
helped to create a favorable environment for the growth of the Herbal
Supplements market in India.
Traditional medicine emphasizes the use of natural
ingredients to support health and wellness. Traditional medicine offers a
variety of health benefits, such as improving immunity, digestion, metabolism,
and mental health. As people become more health-conscious and seek out natural
remedies, they are turning towards Herbal Supplements based on traditional
medicine. Herbal Supplements are also considered to be safer and more
affordable than synthetic drugs, which may have adverse side effects or
interactions. Therefore, the increasing acceptance of traditional medicine is a
key factor driving the Herbal Supplements market growth.
Focus on Preventive Medication is Factor Driving the Herbal
Supplements Market Growth
The focus on preventive healthcare is one of the key drivers
of the Herbal Supplements market in India. With rising healthcare costs and a
growing awareness of the benefits of a healthy lifestyle, more people in India
are focusing on preventive healthcare. This has created a growing demand for Herbal
Supplements that can support good health and prevent diseases.
Herbal Supplements are seen as a natural and safe way to
support good health and prevent diseases, and this has contributed to their
popularity in India. The use of Herbal Supplements as a part of preventive
healthcare has become a common practice in many households in India.
Moreover, the Indian government has been promoting the use of
traditional medicine, including Ayurveda, as a part of preventive healthcare.
The Ministry of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and
Homeopathy) has launched several initiatives to promote the use of traditional
medicine for preventive healthcare. This has created a favorable environment
for the growth of the Herbal Supplements market in India.
Therefore, the focus on preventive healthcare is driving the Herbal
Supplements market in India by creating a demand for natural and safe remedies
that can support good health and prevent diseases. With the growing interest in
traditional medicine and the support of the government, the market for Herbal
Supplements in India is likely to continue to grow in the coming years.
Rising Technological Advancement in India Pushing the Herbal
Supplements Market Growth
The technological advancements that have impacted the Herbal
Supplements market such as:-
- Increasing
demand for organic and natural products:
Consumers in India are increasingly looking for natural and organic products
that are free from chemicals and pesticides. This has led to a growing demand
for Herbal Supplements that are made from organic and natural ingredients.
- Rise
of e-commerce: The Herbal Supplements market
in India has seen a significant rise in e-commerce sales in recent years. This
has made it easier for consumers to access a wider range of products and has
helped to drive the growth of the industry.
- Increasing
focus on research and development: With the growing demand
for herbal supplements, there is a greater focus on research and development to
develop new and innovative products. This has led to the introduction of new
products that are based on the latest scientific research.
Recent Development
·
In 2021,
Bio-Botanica Inc., launched the Herbal Supplement named “Ashwagandha 5404ST”
that intended to protect and improve the skin's complexion. It can be used for
skin treatment, mental health wellness, and immunity booster.
Download Free Sample Report
Market Segmentation
India Herbal Supplements Market is segmented
based on product, form, application, distribution
channels, end user, and region. Based
on the product, the India Herbal Supplements market is divided
into moringa, ashwagandha, echinacea, flaxseeds, turmeric, ginger, ginseng, and
others. Based on the form, the India Herbal
Supplements market is divided into tablets, capsules, soft gels, liquid, powder
& granules. Based on the application, the India Herbal Supplements market
is divided into immunity, general health, energy &
weight management, bone & joint health, and others.
Based on the
distribution channels, the India Herbal Supplements market is divided into pharmacies and drug stores, online,
supermarkets and hypermarkets, and others.
Based on the end user, the India Herbal Supplements market is divided into adult,
geriatric, pregnant females, children, infants.
Company Profiles
Himalaya Wellness Company, Dabur India
Limited, Patanjali Ayurved Ltd., Zandu Realty Limited, Baidyanath Group, Organic
India Pvt. Ltd., Amway India Enterprises Pvt. Ltd., Charak Pharma Pvt. Ltd., Ayurleaf
Herbals, and Herbalife India Private Limited are some of the key players of India
Herbal Supplements market.
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Attribute
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Details
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Base
Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, volume
forecasting, Company shares, competitive landscape, growth factors, and
trends
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Segments
Covered
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Product
Form
Application
Distribution
Channel
End
User
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Key companies profiled
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Himalaya
Wellness Company, Dabur India Limited, Patanjali Ayurved Ltd., Zandu Realty
Limited, Baidyanath Group, Organic India Pvt. Ltd., Amway India Enterprises
Pvt. Ltd., Charak Pharma Pvt. Ltd., Ayurleaf Herbals, and Herbalife India
Private Limited.
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Customization
scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
|
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Pricing and purchase options
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Avail customized purchase
options to meet your exact research needs.
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Delivery
Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, India Herbal Supplements market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
- India Herbal Supplements Market, By Product:
- Moringa
- Echinacea
- Flaxseeds
- Turmeric
- Ginger
- Ginseng
- Others
- India Herbal Supplements Market, By Form:
- Tablets
- Capsules
- Soft Gels
- Liquid
- Powder & Granules
- India Herbal Supplements Market, By Application:
- Immunity
- General Health
- Energy & Weight Management
- Bone & Joint Health
- Others
- India Herbal Supplements Market, By Distribution Channel:
- Pharmacies and Drug Stores
- Online
- Supermarkets and Hypermarkets
- Others
- India Herbal Supplements Market, By Distribution Channel:
- Adult
- Geriatric
- Pregnant Females
- Children
- Infants
- India Herbal Supplements Market, By Region:
Competitive landscape
Company Profiles: Detailed analysis of the major companies in India Herbal
Supplements Market.
Available Customizations:
With the
given market data, TechSci Research offers customizations according to a
company’s specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
India Herbal Supplements Market
is an upcoming report to be released soon. If you wish for an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]