India Herbals Products Market Size, Share, Growth & Forecast 2025

1. FY2015 – FY2025 INDIA HERBALS PRODUCTS MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Herbals Products India herbal products market is projected to grow at a robust CAGR during the forecast period. The herbal products market in India is growing due to the rising awareness about the side effects of chemical formulations and health benefits of herbal supplements over artificial ones. Moreover, in India, the consumer preference is shifting towards safe, natural and luxurious products due to increasing disposable income and rising popularity of plant-based ingredients. Market Segmentation DISTRIBUTION CHANNEL CATEGORY Year Range Personal Care & Cosmetics • Traditional & • Healthcare • Departmental Stores Review Period Supermarkets/Hyperm • FY2015 – FY2018 arkets Base Year Online • FY2019 Others • Estimated Year REGION FY2020 North • Forecast Period East • FY2021 – FY2025 West • South • 2 © TechSci Research

3. Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on India Herbals Products Market 4. Executive Summary 5. Voice of Customers Brand recall 5.1. Sources of Information 5.2. Preferred point of purchase 5.3. Factors influencing purchase decision 5.4. 6. India Herbals Products Market Outlook Market Size & Forecast 6.1. 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Category (Personal Care & Cosmetics and Healthcare) By Distribution Channel Supermarkets/Hypermarkets, Online and Others) By Region (Traditional & Departmental Stores, 6.2.2. 6.2.3. 6.2.4. By Company (FY2019) Market Attractiveness Index 6.3. 7. India Herbals Personal Care & Cosmetics Products Market Outlook Market Size & Forecast 7.1. 7.1.1. By Value 7.2. Market Share & Forecast 3 © TechSci Research

4. Table of Contents S. No. Contents Page No. 7.2.1 By Product Type (Cosmetics, Skin Care, Body Care, Others) 7.2.2. By Distribution Channel Pricing Analysis 7.3. 8. India Herbals Healthcare Products Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1 By Product Type (Nutraceuticals and Pharmaceuticals) 8.2.2. By Distribution Channel Pricing Analysis 8.3. 9. Supply Chain Analysis 10. Import-Export Dynamics 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Policy & Regulatory Landscape 14. India Economic Profile 15. Competitive Landscape 16. Strategic Recommendations 17. About Us & Disclaimer 4 © TechSci Research

5. RESEARCH METHODOLOGY RESEARCH METHODOLOGY

6. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in India herbals products market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India herbals products market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 6

7. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India herbals products market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the rising awareness about the side effects of chemical formulations. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India herbals products market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year FY2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as herbals products companies, channel partners, end- user industry experts, and other industry participants. The team interviewed more than 15-20 herbals products market companies, 100 – 120 end use industries, and 15 – 20 industry experts and other • value chain stakeholders in India herbals products market to obtain the overall market size for FY2015-FY2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2015-FY2019. 7

8. Research Methodology Respondents were asked about the current and future market growth rates, market shares by category, by distribution channel, by region and by • company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by category, by distribution channel, by region and by company were calculated based on the responses received through primary • surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of herbals products market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India herbals • products market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 8

9. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ Patanjali Ayurveda Ltd ▪ World Bank ▪ Dabur Limited ▪ TechSci Research Proprietary Database & Knowledge ▪ The Himalaya Drug Company Repository ▪ Amway ▪ Company Annual Reports ▪ Lotus Herbals Pvt. Ltd. ▪ Industry Magazines ▪ Forest Essentials ▪ Industry Reports ▪ VLCC ▪ News Dailies ▪ Ayur Herbals ▪ Credible Paid Databases ▪ Khadi Natural ▪ Herbalife Nutrition 9 © TechSci Research

10. Industry Brief 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. 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. 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. 10 © TechSci Research

11. Sample Data - Snapshot India Herbals Products Market Size, By Value (USD Million), FY2015-FY2025F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value YY% CAGR By Value XX% FY2015 FY2019 FY2020E FY2025F By Value (USD Million) India Herbals Products Market Size, By Value, FY2019F 100% 25% 20% 17% 12% 8% Total Company 1 Company 2 Company 3 Company 4 Company 5 India Herbals Healthcare Products Market Size, By Product Type, By Value, FY2015-FY2025F Nutraceuticals Pharmaceuticals 50% 50% FY2025F 50% 50% FY2024F 50% 50% FY2023F 50% 50% FY2022F 50% 50% FY2021F 50% 50% FY2020E 50% 50% FY2019 50% 50% FY2018 50% 50% FY2017 50% 50% FY2016 50% 50% FY2015 11 © TechSci Research

12. Report Ordering Report Name: INDIA HERBALS PRODUCTS MARKET FORECAST & OPPORTUNITIES FY2015 – FY2025 Report Price License Type Price Electronic Access - Single User License $2950 Electronic Access - Multi-User License $3750 Custom Research License $7500 To View Sample OR Purchase Report 12 © TechSci Research

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