Global AYUSH and Alternative Medicine Industry Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Ayurvedic Medicine, Herbal Medicine, Aroma Therapy, Homeopathy, Acupuncture and Other Types.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn510548996 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global AYUSH and Alternative Medicine Industry Market (USD Million), 2021 - 2031

In the year 2024, the Global AYUSH and Alternative Medicine Industry Market was valued at USD 630.11 million. The size of this market is expected to increase to USD 1,122.60 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.

The global AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy) and alternative medicine industry has witnessed significant growth in recent years, driven by a resurgence of interest in holistic and traditional healthcare practices. This market is characterized by its diverse array of therapeutic approaches that emphasize natural and preventive health solutions. The increasing consumer awareness about the side effects of conventional pharmaceuticals, along with a growing preference for natural remedies, has propelled the demand for AYUSH and alternative medicine products and services. Governments and health organizations worldwide are also recognizing the potential of these traditional practices, leading to supportive regulatory frameworks and integration into mainstream healthcare systems.

The market's expansion is further fueled by technological advancements and innovative product developments. Companies within this industry are leveraging modern scientific research to validate the efficacy of traditional treatments, thus gaining greater acceptance among the global health-conscious population. The rising prevalence of chronic diseases and the increasing focus on wellness and preventive healthcare are also key factors contributing to the growth of the AYUSH and alternative medicine market. Additionally, the COVID-19 pandemic has highlighted the importance of immune-boosting and stress-relief practices, further accelerating the adoption of alternative medical treatments.

Geographically, the market sees significant contributions from regions with rich histories of traditional medicine, such as Asia-Pacific and the Middle East. However, there is a growing acceptance and integration of AYUSH practices in Western countries as well, where the demand for complementary and alternative medicine is steadily rising. The market is highly competitive, with numerous small and medium-sized enterprises (SMEs) and large corporations vying for market share through product innovation, strategic partnerships, and expanding their distribution networks.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Region
  4. Global AYUSH and Alternative Medicine Industry Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Consumer Awareness
        2. Natural Remedies
        3. Preventive Healthcare
        4. Regulatory Support
      2. Restraints
        1. Regulatory Challenges
        2. Scientific Validation
        3. Market Fragmentation
        4. Limited Awareness
      3. Opportunities
        1. Growing Consumer Demand
        2. Wellness Trends
        3. Digital Health Platforms
        4. Integrative Medicine
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global AYUSH and Alternative Medicine Industry Market, By Type, 2021 - 2031 (USD Million)
      1. Ayurvedic Medicine
      2. Herbal Medicine
      3. Aroma Therapy
      4. Homeopathy
      5. Acupuncture
      6. Other Types
    2. Global AYUSH and Alternative Medicine Industry Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dabur India Ltd
      2. Himalaya Wellness
      3. Sydler Remedies Pvt Ltd
      4. Baidyanath
      5. Patanjali Ayurved Limited
  7. Analyst Views
  8. Future Outlook of the Market