India herbal products market is
projected to grow at a CAGR of 18% during 2019 - 2024. The herbal products
market in India is growing due to the rising awareness about the side effects
of chemical formulations and health benefits of herbal supplements over artificial
ones. Moreover, in India, the consumer preference is shifting towards safe,
natural and luxurious products due to increasing disposable income and rising popularity
of plant-based ingredients.
The herbal
products market is categorized into Personal Care & Cosmetics products
and Healthcare products, among which Personal Care & Cosmetics products segment
is expected to grow at a higher pace than Healthcare products throughout the
forecast period. The Personal Care & Cosmetics products category holds the
majority share on account of their huge popularity. Additionally, due to the popularity
of plant-based ingredients used in herbal Personal Care & Cosmetics products,
like Patanjali’s and Himalaya’s soap-free face wash, rosewater toner by Dabur
and Lotus, luxury personal care & cosmetic products by Forest Essentials,
etc., this category has been witnessing significant growth throughout the
historical period and is anticipated to maintain its dominance during the
forecast period as well.
South India dominated the
country’s herbal products market in 2018, and the region is expected to
maintain its dominance during the forecast period. Some of the major players
operating in India herbal products market are Patanjali
Ayurveda Ltd, Dabur Limited, The Himalaya Drug Company, Amway, Lotus Herbals
Private Limited, and others.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of India herbal products market
- To classify and forecast India herbal products market based on
category, by distribution channel, regional distribution, and company.
- To identify drivers and challenges for India herbal products market
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India herbal products market
- To conduct pricing analysis for India herbal products market
- To identify and analyze the profile of leading players involved in India
herbal products market
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers across the globe. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the service offerings, distribution
channels and presence of all major manufacturers across the globe.
TechSci
Research calculated the market size of India herbal products market using a bottom-up approach, wherein data for various applications
across various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target
Audience:
- Herbal products manufacturers,
suppliers, and distributors
- Organizations, forums and
alliances related to herbal products market
- Government
bodies such as regulating authorities and policy makers
- Market research and
consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers
and partners, end users, etc. besides allowing them in strategizing investments
and capitalizing on market opportunities.
Report Scope:
In this report, India herbal products market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, By Category
- Personal Care & Cosmetics
- Healthcare
- Market, By
Distribution Channel
- Traditional &
Departmental Stores
- Supermarkets/Hypermarkets
- Online
- Others
- Market, By
Region:
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in India herbal products 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).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com