Global Herbal Medicine Market Size Study & Forecast, by Application (Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products) by Form (Powder, Liquid & Gel, Tablets & Capsules) and Regional Analysis, 2023-2030

Global Herbal Medicine Market Size Study & Forecast, by Application (Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products) by Form (Powder, Liquid & Gel, Tablets & Capsules) and Regional Analysis, 2023-2030


Global Herbal Medicine Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Herbal medicine, also known as botanical medicine or phytotherapy, involves using plants, plant extracts, and plant-based substances to promote health and treat various ailments. This traditional form of medicine has been practiced for centuries across cultures worldwide and continues to be a significant aspect of healthcare in many societies. Herbal remedies can come in various forms, including teas, tinctures, capsules, and topical preparations. The Herbal Medicine market is expanding because of factors such as the growing popularity of traditional medicine systems, expanding research and development, and increasing demand for herbal ingredients in the cosmetic industry.

The cosmetics industry presents lucrative opportunities for exporters from developing nations seeking to penetrate developed markets. This is fueled by a growing consumer preference for natural ingredients in cosmetics, as well as efforts by cosmetics firms to incorporate herbal alternatives over synthetic components. The enduring demand for natural ingredients in toiletries and cosmetics is anticipated to continue during the forecast period. According to Statista in the year 2021 global revenue in the 'Natural Cosmetics stood at USD 11.92 billion which increased to USD 12.93 billion in the year 2023 and it is projected to reach USD 18.01 billion by the year 2028. This rising revenue indicates the rising demand and consumer preference towards natural cosmetics which is driving the market growth. In addition, expanding distribution channels and increasing urbanization and lifestyle changes are creating new opportunities for market growth. However, the availability of alternatives and limited awareness regarding the associated benefits stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Herbal Medicine Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the rising personal care and beauty product industry and, growing demand for natural ingredients, in the region. Aisa Pacific is expected to grow significantly during the forecast period, owing to factors such as the burgeoning consumer consciousness surrounding health and an evolving preference for natural care products stemming from heightened environmental awareness. This transition reflects growing apprehensions regarding the potential adverse effects of alternative medicines on personal well-being. Consequently, these changes have wielded a considerable influence on the U.S. market landscape.

Major market players included in this report are:
Cultivator Natural Products Pvt. Ltd. (India)
21ST Century HealthCare, Inc. (United States)
Herbalife Nutrition (United States)
ZeinPharma Germany GmbH (Germany)
Blackmores Limited (Australia)
Himalaya Global Holdings Ltd. (India)
Nutraceutical Corporation (United States)
Emami Limited (India)
Nature's Answer, LLC. (United States)
Patanjali Ayurved Limited (India)

Recent Developments in the Market:
 In June 2023, Traditional Medicinals, a prominent botanical wellness company in North America, introduced its latest creation, Organic Lemon Ginger tea, to the Canadian market. This refreshing blend comprises organic ingredients such as lemon peel, ginger, hibiscus, and lemongrass. With its zesty, sweet, and mildly spicy flavor profile, this herbal tea can be enjoyed either hot or cold.
 In January 2023, Handard, an Indian traditional medicine manufacturer, expanded its product range by introducing new items such as face washes, shampoos, and oral hygiene products, diversifying its offerings to cater to a wider audience.

Global Herbal Medicine Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Application, Form, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:
Pharmaceutical & Nutraceutical
Food & Beverages
Personal Care & Beauty Products
By Form:
Powder
Liquid & Gel
Tablets & Capsules
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Herbal Medicine Market, by Region, 2020-2030 (USD Billion)
1.2.2. Herbal Medicine Market, by Application, 2020-2030 (USD Billion)
1.2.3. Herbal Medicine Market, by Form, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Herbal Medicine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Herbal Medicine Market Dynamics
3.1. Herbal Medicine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing Popularity of Traditional Medicine Systems
3.1.1.2. Expanding Research and Development in Herbal Medicine Development
3.1.1.3. Increasing Demand for Herbal Ingredients in Cosmetic Industry
3.1.2. Market Challenges
3.1.2.1. Availability of Alternatives
3.1.2.2. Limited Awareness about the effectiveness of herbal medicine
3.1.3. Market Opportunities
3.1.3.1. Expanding Distribution Channels
3.1.3.2. Increasing Urbanization and Lifestyle Changes
Chapter 4. Global Herbal Medicine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Herbal Medicine Market, by Application
5.1. Market Snapshot
5.2. Global Herbal Medicine Market by Application, Performance - Potential Analysis
5.3. Global Herbal Medicine Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Herbal Medicine Market, Sub Segment Analysis
5.4.1. Pharmaceutical & Nutraceutical
5.4.2. Food & Beverages
5.4.3. Personal Care & Beauty Products
Chapter 6. Global Herbal Medicine Market, by Form
6.1. Market Snapshot
6.2. Global Herbal Medicine Market by Form, Performance - Potential Analysis
6.3. Global Herbal Medicine Market Estimates & Forecasts by Form 2020-2030 (USD Billion)
6.4. Herbal Medicine Market, Sub Segment Analysis
6.4.1. Powder
6.4.2. Liquid & Gel
6.4.3. Tablets & Capsules
Chapter 7. Global Herbal Medicine Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Herbal Medicine Market, Regional Market Snapshot
7.4. North America Herbal Medicine Market
7.4.1. U.S. Herbal Medicine Market
7.4.1.1. Application breakdown estimates & forecasts, 2020-2030
7.4.1.2. Form breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Herbal Medicine Market
7.5. Europe Herbal Medicine Market Snapshot
7.5.1. U.K. Herbal Medicine Market
7.5.2. Germany Herbal Medicine Market
7.5.3. France Herbal Medicine Market
7.5.4. Spain Herbal Medicine Market
7.5.5. Italy Herbal Medicine Market
7.5.6. Rest of Europe Herbal Medicine Market
7.6. Asia-Pacific Herbal Medicine Market Snapshot
7.6.1. China Herbal Medicine Market
7.6.2. India Herbal Medicine Market
7.6.3. Japan Herbal Medicine Market
7.6.4. Australia Herbal Medicine Market
7.6.5. South Korea Herbal Medicine Market
7.6.6. Rest of Asia Pacific Herbal Medicine Market
7.7. Latin America Herbal Medicine Market Snapshot
7.7.1. Brazil Herbal Medicine Market
7.7.2. Mexico Herbal Medicine Market
7.8. Middle East & Africa Herbal Medicine Market
7.8.1. Saudi Arabia Herbal Medicine Market
7.8.2. South Africa Herbal Medicine Market
7.8.3. Rest of Middle East & Africa Herbal Medicine Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Cultivator Natural Products Pvt. Ltd (India)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. 21ST Century HealthCare, Inc. (United States)
8.3.3. Herbalife Nutrition (United States)
8.3.4. ZeinPharma Germany GmbH (Germany)
8.3.5. Blackmores Limited (Australia)
8.3.6. Himalaya Global Holdings Ltd. (India)
8.3.7. Nutraceutical Corporation (United States)
8.3.8. Emami Limited (India)
8.3.9. Nature's Answer, LLC. (United States)
8.3.10. Patanjali Ayurved Limited (India)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of Tables
TABLE 1. Global Herbal Medicine Market, report scope
TABLE 2. Global Herbal Medicine Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Herbal Medicine Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 4. Global Herbal Medicine Market estimates & forecasts by Form 2020-2030 (USD Billion)
TABLE 5. Global Herbal Medicine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Herbal Medicine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Herbal Medicine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Herbal Medicine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Herbal Medicine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Herbal Medicine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Herbal Medicine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Herbal Medicine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Herbal Medicine Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Herbal Medicine Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Herbal Medicine Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Herbal Medicine Market estimates & forecasts, by segment 2020-2030 (USD Billion)
TABLE 68. South Africa Herbal Medicine Market estimates & forecasts 2020-2030 (USD Billion)
TABLE 69. South Africa Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Herbal Medicine Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Herbal Medicine Market
TABLE 72. List of primary sources, used in the study of global Herbal Medicine Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIGURE 1. Global Herbal Medicine Market, research methodology
FIGURE 2. Global Herbal Medicine Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Herbal Medicine Market, key trends 2022
FIGURE 5. Global Herbal Medicine Market, growth prospects 2023-2030
FIGURE 6. Global Herbal Medicine Market, porters 5 force model
FIGURE 7. Global Herbal Medicine Market, pest analysis
FIGURE 8. Global Herbal Medicine Market, value chain analysis
FIGURE 9. Global Herbal Medicine Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Herbal Medicine Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Herbal Medicine Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Herbal Medicine Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Herbal Medicine Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Herbal Medicine Market, regional snapshot 2020 & 2030
FIGURE 15. North America Herbal Medicine Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Herbal Medicine Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia Pacific Herbal Medicine Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Herbal Medicine Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Herbal Medicine Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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