Best Ayurvedic Pharma Franchises in India 2023
Written By: Resham Daswani
India's pharma franchises have grown a lot in recent years, thanks to several things that have made the country a good place for this type of business. Likewise, this has boosted the rise in Ayurvedic franchises in India.
Overall, the rise of pharma franchises in India is due to demographic, economic, regulatory, and market factors that have made it easier for entrepreneurs and healthcare professionals to invest in and contribute to the pharmaceutical sector.
Did you know? India is the world’s biggest provider of generic drugs, and its vaccines and generic drugs are known for being reasonably priced. Moreover, the Indian Pharmaceutical industry is currently ranked third in terms of the amount of pharmaceutical production. This is because the industry has grown at a CAGR of 9.43% over the past nine years, making it a thriving business.
A recent EY FICCI analysis predicts that the Indian pharmaceutical market would rise to US$ 130 billion by the end of 2030 as there is growing agreement to provide patients with new, innovative medications.
But that’s not all. The value of the Ayurveda Business in India in 2019 was 335 billion Indian Rupees. Moreover, this is expected to grow a lot over the next few years. By 2025, the market is expected to be worth more than one trillion Indian rupees. Ayurveda is an ancient form of treatment that uses herbs and other plants to treat health problems.
So all those entrepreneurs, businesspeople and health enthusiasts out there, it’s now time to grab the opportunity of starting one of the fastest-growing businesses in India. Start an Ayurvedic pharma franchise in India with the help of FranchiseBazar right away!
Top 5 Ayurvedic Pharma Franchises in India 2023
Ayurvedic pharma franchises are growing quickly in India because of several reasons that make this business model appealing and successful in the country's healthcare system.
Here are the 5 best Ayurvedic pharma franchises to invest in India this year.
Shree Baidyanath Ayurved Bhawan Pvt. Ltd. (Kolkata), also known as Baidyanath, is the leader in Ayurvedic knowledge. Since it was founded in 1917, the Company has been a leader in reviving old knowledge through modern study and manufacturing.
Shree Baidyanath Ayurved Bhawan was started by the late Pt. Ram Dayal Joshi in 1917. His goal was to give the people of India easy access to useful medicines. Heritage will always be a part of the company, which will always try to be the best and set new standards. His only goal was to heal people who were sick.
Baidyanath Ayurveda is the oldest and founder of Ayurvedic medicine. It has also changed with the times, adapting to meet the needs of patients today and working on making high-quality medicines available at affordable prices all over the country.
Also Read: How the 12 Ayurvedic herbs are beneficial to health.
This has been a top name both in India and abroad. Its goal is to make the best health goods without chemicals. It was based on the time-tested and mythical history of the science of Ayurveda.
When making these herbal goods, no man-made materials are used. It works much better than regular vitamins and doesn't hurt you in any way. It is one of the most well-known names of high-end Ayurvedic products sold online.
Weight loss, hair loss, rejuvenation, migraines, stress, obesity, diet, and lifestyle advice are just some of the ailments that can be helped by visiting the Ayurvedic treatment centre. Read on to know more about the benefits of Ayurvedic treatment. Care and Cure Ayurlab offers consultations with Ayurvedic physicians.
Keva Ayurveda is India's first NABH-accredited Ayurveda company. They offer one-stop ayurveda solutions, such as in-clinic consultations, online consultations, ayurveda treatments for outpatients and in-patients, an ayurveda pharmacy, online delivery of medicines across India, and homecare services for the elderly.
Complete care for women, Corporate wellness programmes. Plus than yoga. All consultations and treatments are done with the help of trained and experienced Ayurveda Doctors and Panchakarma Therapists.
Keva Ayurveda opened in 2011 with the goal of making authentic, affordable, and easy-to-get Ayurveda available to everyone.
4. Zandu Ayurveda
Zandu is an Ayurvedic company that has been around for 110 years and stays true to old Ayurvedic texts like the Sushrutha Samhita and the Charaka Samhita. Zandu was one of the first companies to make Ayurvedic supplements.
They never cut corners on quality and follow the strictest rules in the business. All Zandu products are made in modern Ayurvedic research labs that are GMP-certified and run by Zandu Healthcare under the supervision of professional R&D experts.
Because of their great quality and effectiveness, Zandu products are well respected by Ayurvedic doctors. They are often utilised in Ayurvedic treatments.
Zandu thinks that traditional Ayurveda is more important than ever when it comes to helping people stay fit. Zandu Care is a one-stop shop for all your health and wellness needs related to Ayurveda. This lets you get the most out of Ayurveda.
In the forests near Dehradun, a young man with an inquisitive mind watched as farmers fed the roots of a local herb to a group of upset elephants.
That man was Mr M. Manal, the founder of Himalaya. The herb was Rauwolfia Serpentina, which led to the birth of Serpina®, which came out in 1934 and was the first natural drug to treat high blood pressure.
In 1930, Mr Manal first had the idea that he wanted to figure out the secrets of nature. He was determined to show people how study into nature's healing power could be used to help people.
Ninety years later, Himalaya's goal is to touch people's lives with the promise of "Wellness in every Home and Happiness in every Heart."
When the Himalayas started out, people were sceptical about herbal goods. But our father didn't give up on his goals. He bought a hand-operated tabletting machine with bracelets that belonged to his mother.
Benefits of Starting an Ayurvedic Franchise in India
There are a lot of Ayurvedic companies in India that make thousands of products to treat different illnesses. These ayurvedic pharmaceutical companies in India also give young people who want to start their careers in this field ways to make money.
With the Ayurvedic pharma franchise in India, these Ayurvedic companies make it easy to start a business and make a lot of money.
Here are some of the benefits you could gain by being part of this promising and profitable opportunity in India.
- In India, the health and fitness drive is strong, and people are looking for ways to improve their health from all angles. Ayurveda fits in well with this trend and can bring in people who care about their health.
- Ayurvedic products are becoming more popular because people are becoming more aware of their health and prefer natural cures. This growing market gives businesses a big chance to grow.
- Traditional forms of treatment, like Ayurveda, are supported and promoted by the Indian government. This help can make it easier for Ayurveda pharma companies to comply with regulations.
- India is a famous place for wellness tourism, and people come there to try real Ayurvedic treatments. This market can be reached by franchises that sell goods that fit with wellness tourism.
- Ayurveda pharma franchises can help people get better access to health care, especially in places that need it the most. The health and well-being of local areas can be improved by your franchise.
- The Ayurveda industry has been around for a long time, and the information of how to use it has been passed down from generation to generation. This can help your company stay in business for a long time.
Nevertheless, before making a choice, it's important to do a lot of research and think about things like the reputation of the franchisor, the quality of the products, and the terms of the franchise agreement. Any business, including Ayurveda pharma businesses, needs careful planning, hard work, and a promise to give customers what they want.
Q.1 Is the Ayurveda business profitable in India?
Ayurvedic products have a bigger profit margin than other products. This is because it doesn't cost much to make Ayurvedic goods and there is a big market for them. The franchisee could make a profit margin of 30–40%, which is better than most other franchise opportunities.
Q.2. What is the future of Ayurvedic businesses in India?
Now, a few big companies run the Indian Ayurvedic Industry, which also has tiny, small, and medium-sized businesses. Experts in the field say that the global Ayurvedic market will grow by 12% per year from 2022 to 2028.
Q.3. Is there a high demand for Ayurvedic medicines in India?
Ayurveda, a trend that has become a way of life, oversees health care. Indian traditional medicine has spread outside of India and now dominates the healthcare market, with growth rates that look hopeful. This is a great chance for India since it already meets 80% of the market's needs.
People are learning more about Ayurveda, which has led to a rise in the market for Ayurvedic products. Ayurveda is becoming more popular. As the market for ayurvedic pharmaceuticals grows, now is a good time to go with an ayurvedic pharma franchise business in India.
Contact us at FranchiseBazar to know how to get started.
Disclaimer: The brands mentioned in this blog are the recommendations provided by the author. FranchiseBAZAR does not claim to work with these brands / represent them / or are associated with them in any manner. Investors and prospective franchisees are to do their own due diligence before investing in any franchise business at their own risks and discretion. FranchiseBAZAR or its Directors, disclaim any liability or risks arising out of any transactions that may take place due to information provided in this blog.
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