AYURVEDA GOES GLOBAL: HOW INDIAN HEALING SHAPES GLOBAL WELLNESS TRENDS
Ayurveda, the ancient Indian system of medicine, has transcended its traditional roots to become a significant influence in the global wellness industry. With its holistic approach to health - emphasising balance, natural remedies, and preventive care, Ayurveda aligns seamlessly with contemporary wellness trends that prioritize sustainability, mental well-being, and personalized health solutions.
Global market growth
According to Grand View Research, the global Ayurveda market has experienced substantial growth in recent years. In 2023, the market was valued at approximately USD 14.4 billion and is projected to reach USD 76.91 billion by 2030, growing at a compound annual growth rate (CAGR) of 27.2%. This expansion reflects a growing consumer preference for natural and holistic health solutions over conventional pharmaceuticals.Ayurveda's integration into wellness trends
Holistic health focus: Ayurveda's emphasis on balancing the mind, body, and spirit resonates with consumers seeking comprehensive health solutions.
Natural ingredients: The use of plant-based, organic ingredients appeals to environmentally conscious consumers.
Preventive care: Ayurveda's focus on prevention aligns with the growing demand for proactive health management.
Personalised wellness: Ayurvedic practices tailor health recommendations to individual constitutions (doshas), catering to the trend of personalised medicine.
Regional adoption
While Ayurveda originated in India, its adoption has been widespread:
Europe: Dominated the global Ayurveda market in 2023, accounting for over 30% of the market share.
North America: Recognised as the fastest-growing market, driven by increasing consumer interest in alternative medicine and natural products.
Asia-Pacific: Remains the largest market, with countries like India and China leading in Ayurvedic product consumption and production.
Ayurvedic brands and global expansion
Indian brands have played a pivotal role in promoting Ayurveda worldwide. Brands like Patanjali Ayurved have significantly contributed to popularising Ayurvedic products through its extensive range of offerings and widespread distribution networks.Consumer preferences and market dynamics
There is a change in consumer preference of products that are more transparent, sustainable, and authentic. Ayurvedic products fit these values well due to their focus on natural ingredients and traditional practices. Further, the rise in the supply of Ayurvedic products via e-commerce platforms has helped to increase the access of Ayurvedic products to a global market.The evolution of Ayurveda through the ancient Indian tradition and to an international phenomenon of wellness brings out the ancient relevance and versatility of Ayurveda. With the growing consumer demand of natural, holistic, and individualised health solutions, Ayurveda is set to remain a significant factor in shaping the global health wellness trends, equipping them with the information and solutions that would bring the past and the present together.