Global Herbal Medicine Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Herbal Medicine Market Size, Manufacturers, Opportunities and Forecast to 2030


Herbal medicine--also called botanical medicine or phytomedicine refers to using a plant's seeds, berries, roots, leaves, bark, or flowers for medicinal purposes. Herbalism has a long tradition of use outside of conventional medicine. It is becoming more mainstream as improvements in analysis and quality control along with advances in clinical research show the value of herbal medicine in the treating and preventing disease.

Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices.

According to APO Research, The global Herbal Medicine market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Asia-Pacific is the largest region of Herbal Medicine, with a market share about 50%, followed by Europe and North America, etc. Tsumura, Schwabe, Yunnan Baiyao, Tongrentang and TASLY are the key manufacturers of industry, and top 10 players had less than 25% combined market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Herbal Medicine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Herbal Medicine.

The Herbal Medicine market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Herbal Medicine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Tsumura
Schwabe
Madaus
Weleda
Blackmores
Arkopharma
SIDO MUNCUL
Arizona Natural
Dabur
Herbal Africa
Nature’s Answer
Bio-Botanica
Potter’s
Zand
Nature Herbs
Imperial Ginseng
Yunnan Baiyao
Tongrentang
TASLY
Zhongxin
Kunming Pharma
Sanjiu
JZJT
Guangzhou Pharma
Taiji
Haiyao

Herbal Medicine segment by Type

Detoxification Medicine
Antipyretic Medicine
Aigestant Medicine
Blood Circulation Medicine
Others

Herbal Medicine segment by Application

Western Herbalism
Traditional Chinese Medicine
Others

Herbal Medicine Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Herbal Medicine market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Herbal Medicine and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Herbal Medicine.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Herbal Medicine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Herbal Medicine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Herbal Medicine Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Herbal Medicine Sales Estimates and Forecasts (2019-2030)
1.3 Herbal Medicine Market by Type
1.3.1 Detoxification Medicine
1.3.2 Antipyretic Medicine
1.3.3 Aigestant Medicine
1.3.4 Blood Circulation Medicine
1.3.5 Others
1.4 Global Herbal Medicine Market Size by Type
1.4.1 Global Herbal Medicine Market Size Overview by Type (2019-2030)
1.4.2 Global Herbal Medicine Historic Market Size Review by Type (2019-2024)
1.4.3 Global Herbal Medicine Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Herbal Medicine Sales Breakdown by Type (2019-2024)
1.5.2 Europe Herbal Medicine Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Herbal Medicine Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Herbal Medicine Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Herbal Medicine Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Herbal Medicine Industry Trends
2.2 Herbal Medicine Industry Drivers
2.3 Herbal Medicine Industry Opportunities and Challenges
2.4 Herbal Medicine Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Herbal Medicine Revenue (2019-2024)
3.2 Global Top Players by Herbal Medicine Sales (2019-2024)
3.3 Global Top Players by Herbal Medicine Price (2019-2024)
3.4 Global Herbal Medicine Industry Company Ranking, 20
22 VS 2023 VS 2024
3.5 Global Herbal Medicine Key Company Manufacturing Sites & Headquarters
3.6 Global Herbal Medicine Company, Product Type & Application
3.7 Global Herbal Medicine Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Herbal Medicine Market CR5 and HHI
3.8.2 Global Top 5 and
10 Herbal Medicine Players Market Share by Revenue in 2023
3.8.3 20
23 Herbal Medicine Tier 1, Tier 2, and Tier 3
4 Herbal Medicine Regional Status and Outlook
4.1 Global Herbal Medicine Market Size and CAGR by Region: 20
19 VS 2023 VS 2030
4.2 Global Herbal Medicine Historic Market Size by Region
4.2.1 Global Herbal Medicine Sales in Volume by Region (2019-2024)
4.2.2 Global Herbal Medicine Sales in Value by Region (2019-2024)
4.2.3 Global Herbal Medicine Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Herbal Medicine Forecasted Market Size by Region
4.3.1 Global Herbal Medicine Sales in Volume by Region (2025-2030)
4.3.2 Global Herbal Medicine Sales in Value by Region (2025-2030)
4.3.3 Global Herbal Medicine Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Herbal Medicine by Application
5.1 Herbal Medicine Market by Application
5.1.1 Western Herbalism
5.1.2 Traditional Chinese Medicine
5.1.3 Others
5.2 Global Herbal Medicine Market Size by Application
5.2.1 Global Herbal Medicine Market Size Overview by Application (2019-2030)
5.2.2 Global Herbal Medicine Historic Market Size Review by Application (2019-2024)
5.2.3 Global Herbal Medicine Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Herbal Medicine Sales Breakdown by Application (2019-2024)
5.3.2 Europe Herbal Medicine Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Herbal Medicine Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Herbal Medicine Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Herbal Medicine Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Tsumura
6.1.1 Tsumura Comapny Information
6.1.2 Tsumura Business Overview
6.1.3 Tsumura Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Tsumura Herbal Medicine Product Portfolio
6.1.5 Tsumura Recent Developments
6.2 Schwabe
6.2.1 Schwabe Comapny Information
6.2.2 Schwabe Business Overview
6.2.3 Schwabe Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Schwabe Herbal Medicine Product Portfolio
6.2.5 Schwabe Recent Developments
6.3 Madaus
6.3.1 Madaus Comapny Information
6.3.2 Madaus Business Overview
6.3.3 Madaus Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Madaus Herbal Medicine Product Portfolio
6.3.5 Madaus Recent Developments
6.4 Weleda
6.4.1 Weleda Comapny Information
6.4.2 Weleda Business Overview
6.4.3 Weleda Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Weleda Herbal Medicine Product Portfolio
6.4.5 Weleda Recent Developments
6.5 Blackmores
6.5.1 Blackmores Comapny Information
6.5.2 Blackmores Business Overview
6.5.3 Blackmores Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Blackmores Herbal Medicine Product Portfolio
6.5.5 Blackmores Recent Developments
6.6 Arkopharma
6.6.1 Arkopharma Comapny Information
6.6.2 Arkopharma Business Overview
6.6.3 Arkopharma Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Arkopharma Herbal Medicine Product Portfolio
6.6.5 Arkopharma Recent Developments
6.7 SIDO MUNCUL
6.7.1 SIDO MUNCUL Comapny Information
6.7.2 SIDO MUNCUL Business Overview
6.7.3 SIDO MUNCUL Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.7.4 SIDO MUNCUL Herbal Medicine Product Portfolio
6.7.5 SIDO MUNCUL Recent Developments
6.8 Arizona Natural
6.8.1 Arizona Natural Comapny Information
6.8.2 Arizona Natural Business Overview
6.8.3 Arizona Natural Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Arizona Natural Herbal Medicine Product Portfolio
6.8.5 Arizona Natural Recent Developments
6.9 Dabur
6.9.1 Dabur Comapny Information
6.9.2 Dabur Business Overview
6.9.3 Dabur Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Dabur Herbal Medicine Product Portfolio
6.9.5 Dabur Recent Developments
6.
10 Herbal Africa
6.10.1 Herbal Africa Comapny Information
6.10.2 Herbal Africa Business Overview
6.10.3 Herbal Africa Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Herbal Africa Herbal Medicine Product Portfolio
6.10.5 Herbal Africa Recent Developments
6.
11 Nature’s Answer
6.11.1 Nature’s Answer Comapny Information
6.11.2 Nature’s Answer Business Overview
6.11.3 Nature’s Answer Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Nature’s Answer Herbal Medicine Product Portfolio
6.11.5 Nature’s Answer Recent Developments
6.
12 Bio-Botanica
6.12.1 Bio-Botanica Comapny Information
6.12.2 Bio-Botanica Business Overview
6.12.3 Bio-Botanica Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Bio-Botanica Herbal Medicine Product Portfolio
6.12.5 Bio-Botanica Recent Developments
6.
13 Potter’s
6.13.1 Potter’s Comapny Information
6.13.2 Potter’s Business Overview
6.13.3 Potter’s Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Potter’s Herbal Medicine Product Portfolio
6.13.5 Potter’s Recent Developments
6.
14 Zand
6.14.1 Zand Comapny Information
6.14.2 Zand Business Overview
6.14.3 Zand Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Zand Herbal Medicine Product Portfolio
6.14.5 Zand Recent Developments
6.
15 Nature Herbs
6.15.1 Nature Herbs Comapny Information
6.15.2 Nature Herbs Business Overview
6.15.3 Nature Herbs Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Nature Herbs Herbal Medicine Product Portfolio
6.15.5 Nature Herbs Recent Developments
6.
16 Imperial Ginseng
6.16.1 Imperial Ginseng Comapny Information
6.16.2 Imperial Ginseng Business Overview
6.16.3 Imperial Ginseng Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Imperial Ginseng Herbal Medicine Product Portfolio
6.16.5 Imperial Ginseng Recent Developments
6.
17 Yunnan Baiyao
6.17.1 Yunnan Baiyao Comapny Information
6.17.2 Yunnan Baiyao Business Overview
6.17.3 Yunnan Baiyao Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Yunnan Baiyao Herbal Medicine Product Portfolio
6.17.5 Yunnan Baiyao Recent Developments
6.
18 Tongrentang
6.18.1 Tongrentang Comapny Information
6.18.2 Tongrentang Business Overview
6.18.3 Tongrentang Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Tongrentang Herbal Medicine Product Portfolio
6.18.5 Tongrentang Recent Developments
6.
19 TASLY
6.19.1 TASLY Comapny Information
6.19.2 TASLY Business Overview
6.19.3 TASLY Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.19.4 TASLY Herbal Medicine Product Portfolio
6.19.5 TASLY Recent Developments
6.
20 Zhongxin
6.20.1 Zhongxin Comapny Information
6.20.2 Zhongxin Business Overview
6.20.3 Zhongxin Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Zhongxin Herbal Medicine Product Portfolio
6.20.5 Zhongxin Recent Developments
6.
21 Kunming Pharma
6.21.1 Kunming Pharma Comapny Information
6.21.2 Kunming Pharma Business Overview
6.21.3 Kunming Pharma Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.21.4 Kunming Pharma Herbal Medicine Product Portfolio
6.21.5 Kunming Pharma Recent Developments
6.
22 Sanjiu
6.22.1 Sanjiu Comapny Information
6.22.2 Sanjiu Business Overview
6.22.3 Sanjiu Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.22.4 Sanjiu Herbal Medicine Product Portfolio
6.22.5 Sanjiu Recent Developments
6.
23 JZJT
6.23.1 JZJT Comapny Information
6.23.2 JZJT Business Overview
6.23.3 JZJT Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.23.4 JZJT Herbal Medicine Product Portfolio
6.23.5 JZJT Recent Developments
6.
24 Guangzhou Pharma
6.24.1 Guangzhou Pharma Comapny Information
6.24.2 Guangzhou Pharma Business Overview
6.24.3 Guangzhou Pharma Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.24.4 Guangzhou Pharma Herbal Medicine Product Portfolio
6.24.5 Guangzhou Pharma Recent Developments
6.
25 Taiji
6.25.1 Taiji Comapny Information
6.25.2 Taiji Business Overview
6.25.3 Taiji Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.25.4 Taiji Herbal Medicine Product Portfolio
6.25.5 Taiji Recent Developments
6.
26 Haiyao
6.26.1 Haiyao Comapny Information
6.26.2 Haiyao Business Overview
6.26.3 Haiyao Herbal Medicine Sales, Revenue and Gross Margin (2019-2024)
6.26.4 Haiyao Herbal Medicine Product Portfolio
6.26.5 Haiyao Recent Developments
7 North America by Country
7.1 North America Herbal Medicine Sales by Country
7.1.1 North America Herbal Medicine Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.1.2 North America Herbal Medicine Sales by Country (2019-2024)
7.1.3 North America Herbal Medicine Sales Forecast by Country (2025-2030)
7.2 North America Herbal Medicine Market Size by Country
7.2.1 North America Herbal Medicine Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.2.2 North America Herbal Medicine Market Size by Country (2019-2024)
7.2.3 North America Herbal Medicine Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Herbal Medicine Sales by Country
8.1.1 Europe Herbal Medicine Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.1.2 Europe Herbal Medicine Sales by Country (2019-2024)
8.1.3 Europe Herbal Medicine Sales Forecast by Country (2025-2030)
8.2 Europe Herbal Medicine Market Size by Country
8.2.1 Europe Herbal Medicine Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.2.2 Europe Herbal Medicine Market Size by Country (2019-2024)
8.2.3 Europe Herbal Medicine Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Herbal Medicine Sales by Country
9.1.1 Asia-Pacific Herbal Medicine Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.1.2 Asia-Pacific Herbal Medicine Sales by Country (2019-2024)
9.1.3 Asia-Pacific Herbal Medicine Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Herbal Medicine Market Size by Country
9.2.1 Asia-Pacific Herbal Medicine Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.2.2 Asia-Pacific Herbal Medicine Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Herbal Medicine Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Herbal Medicine Sales by Country
10.1.1 Latin America Herbal Medicine Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.1.2 Latin America Herbal Medicine Sales by Country (2019-2024)
10.1.3 Latin America Herbal Medicine Sales Forecast by Country (2025-2030)
10.2 Latin America Herbal Medicine Market Size by Country
10.2.1 Latin America Herbal Medicine Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.2.2 Latin America Herbal Medicine Market Size by Country (2019-2024)
10.2.3 Latin America Herbal Medicine Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Herbal Medicine Sales by Country
11.1.1 Middle East and Africa Herbal Medicine Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.1.2 Middle East and Africa Herbal Medicine Sales by Country (2019-2024)
11.1.3 Middle East and Africa Herbal Medicine Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Herbal Medicine Market Size by Country
11.2.1 Middle East and Africa Herbal Medicine Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.2.2 Middle East and Africa Herbal Medicine Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Herbal Medicine Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Herbal Medicine Value Chain Analysis
12.1.1 Herbal Medicine Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Herbal Medicine Production Mode & Process
12.2 Herbal Medicine Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Herbal Medicine Distributors
12.2.3 Herbal Medicine Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings