Ayurvedic Medicine Export From India Complete Guide

Ayurvedic Medicine Export From India Complete Guide – Ayurveda is a traditional healthcare system and works on holistic healing. This method originated in India around 3000 years ago and still holds great relevance among the general public. Ayurveda also holds a great market demand in the business world and many people are earning great profits especially in export ventures. So, if you are also looking forward to stepping into this industry we have mentioned Ayurvedic Medicine Export From India Complete Guide below. 

Ayurveda is an age-old method of healing and focuses on maintaining a balance between mind, body and spirit. This method works on fighting the disease by strengthening our immune system while promoting general wellness and health. There are many reasons behind why people are now using ayurvedic products in their day to day life such as-

• Detoxify and purify our body 
• Improves skin health
• Improves mental health
• Reduces Digestive issues 
• Aids in weight loss

Market Value of Ayurvedic Products

Ayurveda has created a huge demand worldwide and has become globally accepted. Everyone involved in manufacturing, distribution, selling and exporting Ayurvedic products are earning high profits revenues. The global market size of Ayurveda is expected to grow by US$ 7.19 billion between 2023 to 2028 at a compound annual growth rate of 16.01%. Moreover, the export  market value of Ayurvedic products and Medicine was estimated to be US$ 539 million in the year 2021. India is the chief exporter of Ayurvedic products and covers up to 80% of the market share around the globe. Our nation exports a variety of products like health supplements, essential oil and skin care to countries including Nepal, Mauritius, Sri Lanka, USA and many others. 

Ayurvedic Medicine Export From India Complete Guide

The global demand of Ayurvedic products represents the consumers preference for natural alternatives instead of conventional pharmaceuticals. As the concerns regarding synthetic chemicals and their potential side effects on health are increasing, people are shifting towards natural and holistic approaches like Ayurveda. This demand is responsible for the increase in the export of Ayurvedic medicine and related products globally. So, let’s discuss the factors driving the growth of Ayurvedic Medicine Export From India.

1.Legal and Regulatory Requirements –

It is very important to fulfill the various legal and regulatory requirements. This helps to ensure the safety, compliance and quality of the Ayurvedic products while exporting to the International market. Make sure to go through all the legal requirements such as Ayurvedic product regulation, quality control standards and export documentation for smooth export of the products across the border while maintaining quality standards and guidelines. 

2.Finding Reliable Supplier –

While looking for the supplier make sure that they meet the necessary standards and adhere to quality manufacturing strategies. You can use the Ayurveda Supplier Directory which includes detailed information regarding certifications, manufacturing processes, and product offerings of the verified manufacturers and suppliers in India.

3.Packaging and Labeling Guidelines –

This included adhering to the packaging and labeling guidelines in order to make sure the use of durable material and proper sealing in order to prevent any chances of contamination. 

4.Identifying Target Market –

Market research helps to analyze the current market trend, consumer demand and potential market for export to ensure future profit. 

5.Navigating International Trade Barriers –

Trade barriers helps to make sure that all the international health and safety standards are being fulfilled in order to prevent any legal compliance.

6.Promotional Strategies –

Implement great marketing and promotional strategies in order to reach more and more customers. Choosing an appropriate distribution channel is very necessary. Nowadays, one of the major ways you can promote your services is through online marketing. You can use social media platforms, content marketing and search engine optimization to reach a wider customer base.  

What are the Documents Required for Ayurvedic Medicine Export From India? 

To ensure that your Ayurvedic export business runs smoothly, you need to get certain documents and licenses. The documents needed depend on the type of product, mode of shipping, and destination country.

• IEC- Import Export Code
• In case of manufacturer, you need product approval from AYUSH
• In case of exporting consumables FSSAI license is required.
• Free sale certificate is required in case of exporting Ayurvedic medicine and supplements.
• FDA (Food and Drug Administration) registration.
• NPOP( National Program for Organic Production) certification.  
• COA (Certificate of Analysis)
• GMP(Good Manufacturing Practices) Certificate.
• IOR( Importer of Record)
• Exporting Documents.
• Patent and trademark registration
• Product Liability Insurance.
• Certificate of Origin
• Bill of Lading

Conclusion 

In conclusion, the export of Ayurvedic medicine and related products is really profitable with a low chance of risk. India is the largest exporter of Ayurvedic products and has created a huge market network with countries like USA, UAE, Japan, Nepal, Mauritius, Sri Lanka and many others. There are many factors driving the export of Ayurvedic products from India. So, It is a great time to invest and start in such a business to earn long term profits.

FAQS on Ayurvedic Medicine Export From India Complete Guide

Question 1. What is meant by IEC?

Answer 1. IEC stands for Import Export Code. It is an unique identification number consisting of 10 digits and is issued by DGFT (Directorate General of Foreign Trade), Ministry of Commerce Industry and Government of India. IEC is very essential in running an International trade business.

Question 2. Which Licenses are required for the export of Ayurvedic products from India?

Answer 2. In order to run an Ayurvedic export business you need IEC, FSSAI license, AYUSH and FDA registration.

Question 3. What is India’s market value in terms of export of Ayurvedic Products? 

Answer 3. India is the largest exporter of Ayurvedic products worldwide and constitutes up to 80% of the market share. In 2023, the market value amounted to around US$ 628 million. India’s exporting channel includes countries like Nepal, Sri Lanka, Japan, Hungary, Mauritius, USA, UAE, Serbia and many others. In India, the Ayurvedic products are exported by 536 exporters to around 3062 buyers. 

Question 4. What kind of Ayurvedic products are exported from India?

Answer 4. There are several varieties of products being exported from India to various countries. The type of products include-

• Health supplements- Dietary supplements containing Turmeric. Aswaghandha, Neem extracts and Chyawanprash have created a huge market in foreign countries especially after Covid-19 pandemic. 
• Skincare– These includes face washes, serums, oils and masks enriched with Ayurvedic and herbal properties. 
• Medicines– They are made from natural ingredients and contain Turmeric, Ashwagandha, Chyawanprash, Brahmi and Triphala etc.