India Botanicals & Acupuncture Market Size & Outlook
India botanicals & acupuncture market, 2016-2027 (US$M)
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India botanicals & acupuncture market highlights
- The India botanicals & acupuncture market generated a revenue of USD 2,552.6 million in 2019 and is expected to reach USD 11,389.2 million by 2027.
- The India market is expected to grow at a CAGR of 20.6% from 2020 to 2027.
- In terms of segment, botanicals was the largest revenue generating intervention scope in 2019.
- Acupuncture is the most lucrative intervention scope segment registering the fastest growth during the forecast period.
Botanicals & acupuncture market data book summary
| Market revenue in 2019 | USD 2,552.6 million |
| Market revenue in 2027 | USD 11,389.2 million |
| Growth rate | 20.6% (CAGR from 2019 to 2027) |
| Largest segment | Botanicals |
| Fastest growing segment | Acupuncture |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Botanicals, Acupuncture |
| Key market players worldwide | Moderna Inc, Green Cross Health Ltd, Herb Pharm, Nestle SA, Nordic Naturals, LKK Health Products Group, ARC Physical Therapy+, Columbia Nutritional, Herbal Hills, Helio USA |
Other key industry trends
- In terms of revenue, India accounted for 6.6% of the global botanicals & acupuncture market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, India botanicals & acupuncture market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,389.2 million by 2027.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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India botanicals & acupuncture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanicals & acupuncture market will help companies and investors design strategic landscapes.
Botanicals was the largest segment with a revenue share of 65.08% in 2019. Horizon Databook has segmented the India botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
Ayurveda originated in India, and it has strong government support, with high prevalence of lifestyle diseases as well as a large pool of local market entities, which has led to consistent demand for botanical medicines in India.
The market has a number of players that are engaged in manufacturing herbal products, which is aiding growth.
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Target buyers of India botanicals & acupuncture market databook
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Our clientele includes a mix of botanicals & acupuncture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India botanicals & acupuncture market, including forecasts for subscribers. This country databook contains high-level insights into India botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
India botanicals acupuncture market size, by intervention scope, 2016-2027 (US$M)
India Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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