Since the last decade, the pharma industry in India had witnessed a tremendous jump. Almost every medicines segment of this industry is contributing equally towards the growth of this industry. But one major segment that has completely transformed this industry is Ayurveda. Ayurveda is one medicines segment that has witnessed incredible growth and expansion in recent times. Almost every individual working with Ayurvedic products have become successful. Therefore, if you want to know that How Ayurveda has changes Indian Pharma Industry, then you are at the right place.

Ayurveda and Ayurvedic medicines are in use since ancient times. People believe in the power of Ayurveda and they are using Ayurvedic medicines in their everyday life. The biggest plus point of Ayurveda is that the medicine or the products are not toxic and this has resulted in better growth. Moreover, the Ayurveda market has the capability to treat any kind of issues be it mild or chronic health issues. In this blog by Arlak Ayurveda, we will provide you information regarding how Ayurveda has changed Indian Pharma Industry.

How Ayurveda has changed Indian Pharma Industry?

Ayurveda has emerged and completely transformed the pharma industry in India. The Ayurvedic market in 2018 was valued at around INR 300 billion and it is expected that by the end of 2024, it may touch INR 710.80 billion. This growth is immense and it justifies what impact it had on the Indian pharma industry.

In recent times, the Ayurveda segment has experienced very tremendous growth in terms of services, medicines, and products. There are various factors that had played a critical role behind this growth like people getting more educated, increased awareness regarding health, the shift of people towards natural products, side-effect offered by chemical based medicines or products, initiatives of the government, an increasing number of pharma companies and much more. All these variables had played a major role in leaving an impact on the Indian pharma industry.

Slowly India has become the Ayurveda hub of the world and the Indian pharma market has been started to consider as the biggest and best Ayurvedic medicines market in the world. The situation now is that India has become the biggest export of Ayurvedic and herbal products or medicines in the world.

People were fed up with the side effects offered by the other chemical based products or medicines and they were searching for products that are made from natural herbs and offer no side effects. To meet these requirements, Ayurveda took a step forward and this segment started delivering products and medicines that are pure, safe, and offer no side effects.
Till 2015, only 67% of the Indians were using Ayurvedic and herbal products or medicines in their everyday life. Year by year this number had witnessed a huge jump and till 2018 it increased to 75%. Moreover, Ayurvedic firms offer a very vast variety of products that cover segments such as oils, tablets, gels, ointments, capsules, churns, syrups, juices, supplements, etc.

Moreover, In India, the Ayurveda market is segmented based on products and services. According to the data, the Ayurveda products segment in 2018 was accounted for around 74% of the share in the market. The major influence that this segment has got is through the sudden change in the attitude of the general public. To keep themselves healthy and live a healthy life, people started using natural food items like oats, herbal tea, spices, corn flakes oils, and much more.

The increase in the number of pharma companies in the Indian market and the sudden rise in people’s awareness regarding the side effects of chemicals on the body have also played a critical role in this success.

To conclude

In the end, we can only say that Ayurveda has completely transformed the Indian Pharma industry. One cannot neglect the contribution of Ayurveda in making the Indian pharma industry a big success. We hope that this article was helpful and you got the information that you were looking for. If you are looking for the best quality Ayurvedic and Herbal product range then have a look at Arlak Ayurveda. We are the best Ayurvedic firm working in the Indian pharma industry.

For more information, you can get in touch with us at +91-7696263636 or you can email us as well at [email protected].