Ayurvedic Product Manufacturing

The Ayurvedic product manufacturing industry in India is a rapidly growing sector, deeply rooted in the country's ancient medical system of Ayurveda. This industry has gained significant momentum in recent years due to increasing awareness of natural and holistic health solutions both domestically and internationally.

The Ayurvedic product manufacturing industry in India is set for robust growth, supported by strong consumer demand, government initiatives, and global acceptance. Companies in this sector are increasingly focusing on innovation, quality, and sustainability to capitalize on the growing market opportunities.

The sector of Ayush has experienced a yearly growth of 17% from 2014 to 2020. The industry's market size has increased from $2.85 Bn in 2014 to $18.1 Bn, showing a remarkable growth of nearly 6 times. The industry is expected to create around 3 million employment opportunities.

Distribution in Ayush market size: Herbal Plants (43.35%), Nutraceuticals (24.65%), Pharmaceuticals (14.11%), Cosmeceuticals (8.37%), Plant Derivatives (5.14%), and Plant Extracts (4.39%). The field of herbal medicine expanded by 7.4% annually from 2014 to 2020. Different sub-categories, notably the herbal medicine industry, grew by 18.5% in 2020 with a market share of 14.1% during that time.

The country saw a significant increase in exports in the sector, growing from $1.09 billion in 2014 to $1.54 billion in 2020, with an annual growth rate of 5.9%. In 2020, herbal pharmaceuticals made up 35.2% of Ayush's exports, with extracts and nutraceuticals each accounting for approximately 22% of the total. Additionally, medicinal and aromatic plants contributed 19.9% to the overall export share. India sends Ayush products to various markets including the USA, Nepal, Russia, Philippines, UAE, Kenya, Germany, Vietnam, China, Italy, The UK, Western Europe, Japan, Hong Kong, and more.

The Ministry of Ayush and the World Health Organization (WHO) are setting up the first and only global office for traditional medicine (WHO- Global Centre for Traditional Medicine). The Host Country agreement was signed by the World Health Organization and the Government of India on March 25th, 2022 to set up the W.H.O- Global Centre for Traditional Medicine in Jamnagar, Gujarat. The Government of India has pledged about $250 Mn over 10 years to support the WHO Global Centre for Traditional Medicine as the primary investor.

The Ministry of Ayush is continually working on creating a conducive environment for investments, forming collaborations with reputable academic institutions like CCRAS and CSIR for Transfer of Technology (ToT), and advancing digitization with platforms like e-Charak and e-Aushadi.

• Herbal Supplements: Including products like Ashwagandha, Brahmi, and Triphala.
• Personal Care Products: Such as Ayurvedic shampoos, conditioners, soaps, and skincare products.
• Medicines: Traditional Ayurvedic formulations like Chyawanprash, Arishtas, and Asavas.
• Health Foods: Including Ayurvedic teas, juices, and dietary supplements.

• Increasing Health Awareness: Growing awareness of health and wellness has led to higher demand for natural and herbal products.
• Government Support: Initiatives like the Ministry of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy) promote traditional Indian medicine.
• COVID-19 Impact: The pandemic has led to a surge in demand for immunity-boosting products, many of which are Ayurvedic.
• Rising Disposable Income: Higher income levels have increased consumer spending on health and wellness products.

• Innovation and R&D: Increased focus on research and development to create new and effective Ayurvedic formulations.
• E-commerce Growth: Expansion of online retail channels to reach a broader audience.
• Global Expansion: Growing export opportunities and global acceptance of Ayurvedic products.
• Sustainable Practices: Emphasis on sustainable sourcing of raw materials and eco-friendly manufacturing processes.  

Now is the perfect opportunity to launch your Ayurvedic or herbal cosmetics brand with the help of our successful third-party manufacturing services. Having extensive experience and skill in producing Ayurvedic and herbal products, Corpseed can assist you in launching your brand with no upfront investment. The Ayurvedic company in India offers its expertise in manufacturing, packaging, and branding to help you achieve success and reputation in the market without needing to invest heavily.