Ayurveda, deeply ingrained in India’s cultural and medical heritage, is experiencing a remarkable resurgence in today’s wellness industry. As consumers prioritize natural and holistic healing, the demand for Ayurvedic products is soaring. In India alone, the market for Ayurvedic products reached INR 626 billion in 2022, projected to reach INR 1,824 billion by 2028, with a remarkable CAGR of 19.3%.
Several factors are fueling this growth, including increased health consciousness, government support, and changing consumer preferences towards natural alternatives. The COVID-19 pandemic has further accelerated this trend, prompting a surge in awareness about Ayurveda’s healing benefits.
Government initiatives, such as those by the Ministry of Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH), are instrumental in promoting Ayurveda’s accessibility. Additionally, regulatory bodies like FSSAI are ensuring the safety and quality of Ayurvedic products, instilling consumer trust.
Changing consumer tastes have led to the emergence of new-age brands blending Ayurvedic wisdom with modern technology, offering a range of natural and herbal products catering to health-conscious consumers.
Infrastructure improvements, increased focus on research and development, and the utilization of technology and digital platforms are further propelling the Ayurveda market forward. The establishment of wellness centers and yoga studios contributes to Ayurveda’s sustainability and accessibility.
In this landscape, brands like Butterfly Ayurveda are leading the way, offering freshly prepared foods, herbal teas, and Ayurveda-inspired products backed by research and FSSAI approval.
As Ayurveda gains traction globally and integrates into mainstream healthcare, it is poised to become a significant player in the global wellness industry, offering holistic solutions for a healthier future.