Personal Care & Cosmetics Category to Lead India Herbal Products Market till 2024
Increasing
awareness about side effects of chemical formulations and benefits of herbal
supplements coupled with rising popularity of plant-based ingredients used in
herbal products to drive India herbal products market
According
to recently released TechSci Research report, “India Herbal Products Market By Category, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2024”, herbal products market in India is projected to grow at
a CAGR of more than 18% during 2019 - 2024, due to the rising awareness about
side effects of chemical formulations and health benefits of herbal supplements.
Shift consumer inclination towards products
based on natural ingredients and growing disposable income are expected to
contribute to the growth of herbal products market in India over the next five
years.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on "India Herbal Products Market"
https://www.techsciresearch.com/report/india-herbals-products-market/4368.html
The distribution channel of herbal products market is
categorized into traditional & departmental stores,
supermarkets/hypermarkets, online, and other channels. Traditional & departmental stores
held the majority share in India herbal products market in 2018, followed by Supermarket/Hypermarket
segment. However, during the forecast period, the share of traditional & departmental stores
is expected to decline on account of higher increase in sales through supermarkets/
hypermarkets and the online mode across the country. In terms of regions, the India
herbal products market is categorized into North, South, East and West regions.
South India held the largest market share in 2018 due to higher consumer awareness
about benefits of herbal products and presence of various wellness centers
across the region.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4368
Customers can
also request for 10% free customization on this report.
Major players operating in India herbal products market include
Patanjali Ayurveda Ltd, Dabur Limited, The Himalaya Drug Company, Amway, Lotus
Herbals Private Limited, and others. In 2018, Patanjali held the largest market
share in the country’s herbal products market, and the company is expected to
continue its dominance through 2024. “India Herbal Products
market is expected to grow at a steady pace due to the rising awareness about
side effects of chemical formulations among the consumers. Adults and young
adults are the primary buyers of herbal products, and consequently, they would
continue to be the target consumer segments for the major players operating in India
herbal products market.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Herbal Products Market By Category, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of
India herbal products market and provides statistics and information on market
structure, consumer behaviour and trends. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities available in
India herbal products market.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]