Global OTC Herbal and Traditional Medicines Market Research Report 2023(Status and Outlook)
Report Overview
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.
APAC is the largest OTC Herbal and Traditional Medicines market with about 50% market share. Europe is follower, accounting for about 22% market share.The key manufacturers are 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 etc. Top 3 companies occupied about 1% market share.
The Global OTC Herbal and Traditional Medicines Market Size was estimated at USD 144460.00 million in 2022 and is projected to reach USD 174076.73 million by 2029, exhibiting a CAGR of 2.70% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global OTC Herbal and Traditional Medicines market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global OTC Herbal and Traditional Medicines Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the OTC Herbal and Traditional Medicines market in any manner.
Global OTC Herbal and Traditional Medicines Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
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
Market Segmentation (by Type)
OTC Herbal
Traditional Medicine
Market Segmentation (by Application)
Military and Aerospace
Nuclear and Energy Research
Imaging Technologies & X-rays
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the OTC Herbal and Traditional Medicines Market
Overview of the regional outlook of the OTC Herbal and Traditional Medicines Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of OTC Herbal and Traditional Medicines
- 1.2 Key Market Segments
- 1.2.1 OTC Herbal and Traditional Medicines Segment by Type
- 1.2.2 OTC Herbal and Traditional Medicines Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 OTC Herbal and Traditional Medicines Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global OTC Herbal and Traditional Medicines Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global OTC Herbal and Traditional Medicines Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 OTC Herbal and Traditional Medicines Market Competitive Landscape
- 3.1 Global OTC Herbal and Traditional Medicines Sales by Manufacturers (2018-2023)
- 3.2 Global OTC Herbal and Traditional Medicines Revenue Market Share by Manufacturers (2018-2023)
- 3.3 OTC Herbal and Traditional Medicines Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global OTC Herbal and Traditional Medicines Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers OTC Herbal and Traditional Medicines Sales Sites, Area Served, Product Type
- 3.6 OTC Herbal and Traditional Medicines Market Competitive Situation and Trends
- 3.6.1 OTC Herbal and Traditional Medicines Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest OTC Herbal and Traditional Medicines Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 OTC Herbal and Traditional Medicines Industry Chain Analysis
- 4.1 OTC Herbal and Traditional Medicines Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of OTC Herbal and Traditional Medicines Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 OTC Herbal and Traditional Medicines Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global OTC Herbal and Traditional Medicines Sales Market Share by Type (2018-2023)
- 6.3 Global OTC Herbal and Traditional Medicines Market Size Market Share by Type (2018-2023)
- 6.4 Global OTC Herbal and Traditional Medicines Price by Type (2018-2023)
- 7 OTC Herbal and Traditional Medicines Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global OTC Herbal and Traditional Medicines Market Sales by Application (2018-2023)
- 7.3 Global OTC Herbal and Traditional Medicines Market Size (M USD) by Application (2018-2023)
- 7.4 Global OTC Herbal and Traditional Medicines Sales Growth Rate by Application (2018-2023)
- 8 OTC Herbal and Traditional Medicines Market Segmentation by Region
- 8.1 Global OTC Herbal and Traditional Medicines Sales by Region
- 8.1.1 Global OTC Herbal and Traditional Medicines Sales by Region
- 8.1.2 Global OTC Herbal and Traditional Medicines Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America OTC Herbal and Traditional Medicines Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe OTC Herbal and Traditional Medicines Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific OTC Herbal and Traditional Medicines Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America OTC Herbal and Traditional Medicines Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa OTC Herbal and Traditional Medicines Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 Tsumura
- 9.1.1 Tsumura OTC Herbal and Traditional Medicines Basic Information
- 9.1.2 Tsumura OTC Herbal and Traditional Medicines Product Overview
- 9.1.3 Tsumura OTC Herbal and Traditional Medicines Product Market Performance
- 9.1.4 Tsumura Business Overview
- 9.1.5 Tsumura OTC Herbal and Traditional Medicines SWOT Analysis
- 9.1.6 Tsumura Recent Developments
- 9.2 Schwabe
- 9.2.1 Schwabe OTC Herbal and Traditional Medicines Basic Information
- 9.2.2 Schwabe OTC Herbal and Traditional Medicines Product Overview
- 9.2.3 Schwabe OTC Herbal and Traditional Medicines Product Market Performance
- 9.2.4 Schwabe Business Overview
- 9.2.5 Schwabe OTC Herbal and Traditional Medicines SWOT Analysis
- 9.2.6 Schwabe Recent Developments
- 9.3 Madaus
- 9.3.1 Madaus OTC Herbal and Traditional Medicines Basic Information
- 9.3.2 Madaus OTC Herbal and Traditional Medicines Product Overview
- 9.3.3 Madaus OTC Herbal and Traditional Medicines Product Market Performance
- 9.3.4 Madaus Business Overview
- 9.3.5 Madaus OTC Herbal and Traditional Medicines SWOT Analysis
- 9.3.6 Madaus Recent Developments
- 9.4 Weleda
- 9.4.1 Weleda OTC Herbal and Traditional Medicines Basic Information
- 9.4.2 Weleda OTC Herbal and Traditional Medicines Product Overview
- 9.4.3 Weleda OTC Herbal and Traditional Medicines Product Market Performance
- 9.4.4 Weleda Business Overview
- 9.4.5 Weleda OTC Herbal and Traditional Medicines SWOT Analysis
- 9.4.6 Weleda Recent Developments
- 9.5 Blackmores
- 9.5.1 Blackmores OTC Herbal and Traditional Medicines Basic Information
- 9.5.2 Blackmores OTC Herbal and Traditional Medicines Product Overview
- 9.5.3 Blackmores OTC Herbal and Traditional Medicines Product Market Performance
- 9.5.4 Blackmores Business Overview
- 9.5.5 Blackmores OTC Herbal and Traditional Medicines SWOT Analysis
- 9.5.6 Blackmores Recent Developments
- 9.6 Arkopharma
- 9.6.1 Arkopharma OTC Herbal and Traditional Medicines Basic Information
- 9.6.2 Arkopharma OTC Herbal and Traditional Medicines Product Overview
- 9.6.3 Arkopharma OTC Herbal and Traditional Medicines Product Market Performance
- 9.6.4 Arkopharma Business Overview
- 9.6.5 Arkopharma Recent Developments
- 9.7 SIDO MUNCUL
- 9.7.1 SIDO MUNCUL OTC Herbal and Traditional Medicines Basic Information
- 9.7.2 SIDO MUNCUL OTC Herbal and Traditional Medicines Product Overview
- 9.7.3 SIDO MUNCUL OTC Herbal and Traditional Medicines Product Market Performance
- 9.7.4 SIDO MUNCUL Business Overview
- 9.7.5 SIDO MUNCUL Recent Developments
- 9.8 Arizona Natural
- 9.8.1 Arizona Natural OTC Herbal and Traditional Medicines Basic Information
- 9.8.2 Arizona Natural OTC Herbal and Traditional Medicines Product Overview
- 9.8.3 Arizona Natural OTC Herbal and Traditional Medicines Product Market Performance
- 9.8.4 Arizona Natural Business Overview
- 9.8.5 Arizona Natural Recent Developments
- 9.9 Dabur
- 9.9.1 Dabur OTC Herbal and Traditional Medicines Basic Information
- 9.9.2 Dabur OTC Herbal and Traditional Medicines Product Overview
- 9.9.3 Dabur OTC Herbal and Traditional Medicines Product Market Performance
- 9.9.4 Dabur Business Overview
- 9.9.5 Dabur Recent Developments
- 9.10 Herbal Africa
- 9.10.1 Herbal Africa OTC Herbal and Traditional Medicines Basic Information
- 9.10.2 Herbal Africa OTC Herbal and Traditional Medicines Product Overview
- 9.10.3 Herbal Africa OTC Herbal and Traditional Medicines Product Market Performance
- 9.10.4 Herbal Africa Business Overview
- 9.10.5 Herbal Africa Recent Developments
- 9.11 Nature’s Answer
- 9.11.1 Nature’s Answer OTC Herbal and Traditional Medicines Basic Information
- 9.11.2 Nature’s Answer OTC Herbal and Traditional Medicines Product Overview
- 9.11.3 Nature’s Answer OTC Herbal and Traditional Medicines Product Market Performance
- 9.11.4 Nature’s Answer Business Overview
- 9.11.5 Nature’s Answer Recent Developments
- 9.12 Bio-Botanica
- 9.12.1 Bio-Botanica OTC Herbal and Traditional Medicines Basic Information
- 9.12.2 Bio-Botanica OTC Herbal and Traditional Medicines Product Overview
- 9.12.3 Bio-Botanica OTC Herbal and Traditional Medicines Product Market Performance
- 9.12.4 Bio-Botanica Business Overview
- 9.12.5 Bio-Botanica Recent Developments
- 9.13 Potter’s
- 9.13.1 Potter’s OTC Herbal and Traditional Medicines Basic Information
- 9.13.2 Potter’s OTC Herbal and Traditional Medicines Product Overview
- 9.13.3 Potter’s OTC Herbal and Traditional Medicines Product Market Performance
- 9.13.4 Potter’s Business Overview
- 9.13.5 Potter’s Recent Developments
- 9.14 Zand
- 9.14.1 Zand OTC Herbal and Traditional Medicines Basic Information
- 9.14.2 Zand OTC Herbal and Traditional Medicines Product Overview
- 9.14.3 Zand OTC Herbal and Traditional Medicines Product Market Performance
- 9.14.4 Zand Business Overview
- 9.14.5 Zand Recent Developments
- 9.15 Nature Herbs
- 9.15.1 Nature Herbs OTC Herbal and Traditional Medicines Basic Information
- 9.15.2 Nature Herbs OTC Herbal and Traditional Medicines Product Overview
- 9.15.3 Nature Herbs OTC Herbal and Traditional Medicines Product Market Performance
- 9.15.4 Nature Herbs Business Overview
- 9.15.5 Nature Herbs Recent Developments
- 9.16 Imperial Ginseng
- 9.16.1 Imperial Ginseng OTC Herbal and Traditional Medicines Basic Information
- 9.16.2 Imperial Ginseng OTC Herbal and Traditional Medicines Product Overview
- 9.16.3 Imperial Ginseng OTC Herbal and Traditional Medicines Product Market Performance
- 9.16.4 Imperial Ginseng Business Overview
- 9.16.5 Imperial Ginseng Recent Developments
- 9.17 Yunnan Baiyao
- 9.17.1 Yunnan Baiyao OTC Herbal and Traditional Medicines Basic Information
- 9.17.2 Yunnan Baiyao OTC Herbal and Traditional Medicines Product Overview
- 9.17.3 Yunnan Baiyao OTC Herbal and Traditional Medicines Product Market Performance
- 9.17.4 Yunnan Baiyao Business Overview
- 9.17.5 Yunnan Baiyao Recent Developments
- 9.18 Tongrentang
- 9.18.1 Tongrentang OTC Herbal and Traditional Medicines Basic Information
- 9.18.2 Tongrentang OTC Herbal and Traditional Medicines Product Overview
- 9.18.3 Tongrentang OTC Herbal and Traditional Medicines Product Market Performance
- 9.18.4 Tongrentang Business Overview
- 9.18.5 Tongrentang Recent Developments
- 9.19 TASLY
- 9.19.1 TASLY OTC Herbal and Traditional Medicines Basic Information
- 9.19.2 TASLY OTC Herbal and Traditional Medicines Product Overview
- 9.19.3 TASLY OTC Herbal and Traditional Medicines Product Market Performance
- 9.19.4 TASLY Business Overview
- 9.19.5 TASLY Recent Developments
- 9.20 Zhongxin
- 9.20.1 Zhongxin OTC Herbal and Traditional Medicines Basic Information
- 9.20.2 Zhongxin OTC Herbal and Traditional Medicines Product Overview
- 9.20.3 Zhongxin OTC Herbal and Traditional Medicines Product Market Performance
- 9.20.4 Zhongxin Business Overview
- 9.20.5 Zhongxin Recent Developments
- 9.21 Kunming Pharma
- 9.21.1 Kunming Pharma OTC Herbal and Traditional Medicines Basic Information
- 9.21.2 Kunming Pharma OTC Herbal and Traditional Medicines Product Overview
- 9.21.3 Kunming Pharma OTC Herbal and Traditional Medicines Product Market Performance
- 9.21.4 Kunming Pharma Business Overview
- 9.21.5 Kunming Pharma Recent Developments
- 9.22 Sanjiu
- 9.22.1 Sanjiu OTC Herbal and Traditional Medicines Basic Information
- 9.22.2 Sanjiu OTC Herbal and Traditional Medicines Product Overview
- 9.22.3 Sanjiu OTC Herbal and Traditional Medicines Product Market Performance
- 9.22.4 Sanjiu Business Overview
- 9.22.5 Sanjiu Recent Developments
- 9.23 JZJT
- 9.23.1 JZJT OTC Herbal and Traditional Medicines Basic Information
- 9.23.2 JZJT OTC Herbal and Traditional Medicines Product Overview
- 9.23.3 JZJT OTC Herbal and Traditional Medicines Product Market Performance
- 9.23.4 JZJT Business Overview
- 9.23.5 JZJT Recent Developments
- 9.24 Guangzhou Pharma
- 9.24.1 Guangzhou Pharma OTC Herbal and Traditional Medicines Basic Information
- 9.24.2 Guangzhou Pharma OTC Herbal and Traditional Medicines Product Overview
- 9.24.3 Guangzhou Pharma OTC Herbal and Traditional Medicines Product Market Performance
- 9.24.4 Guangzhou Pharma Business Overview
- 9.24.5 Guangzhou Pharma Recent Developments
- 9.25 Taiji
- 9.25.1 Taiji OTC Herbal and Traditional Medicines Basic Information
- 9.25.2 Taiji OTC Herbal and Traditional Medicines Product Overview
- 9.25.3 Taiji OTC Herbal and Traditional Medicines Product Market Performance
- 9.25.4 Taiji Business Overview
- 9.25.5 Taiji Recent Developments
- 9.26 Haiyao
- 9.26.1 Haiyao OTC Herbal and Traditional Medicines Basic Information
- 9.26.2 Haiyao OTC Herbal and Traditional Medicines Product Overview
- 9.26.3 Haiyao OTC Herbal and Traditional Medicines Product Market Performance
- 9.26.4 Haiyao Business Overview
- 9.26.5 Haiyao Recent Developments
- 10 OTC Herbal and Traditional Medicines Market Forecast by Region
- 10.1 Global OTC Herbal and Traditional Medicines Market Size Forecast
- 10.2 Global OTC Herbal and Traditional Medicines Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe OTC Herbal and Traditional Medicines Market Size Forecast by Country
- 10.2.3 Asia Pacific OTC Herbal and Traditional Medicines Market Size Forecast by Region
- 10.2.4 South America OTC Herbal and Traditional Medicines Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of OTC Herbal and Traditional Medicines by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global OTC Herbal and Traditional Medicines Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of OTC Herbal and Traditional Medicines by Type (2024-2029)
- 11.1.2 Global OTC Herbal and Traditional Medicines Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of OTC Herbal and Traditional Medicines by Type (2024-2029)
- 11.2 Global OTC Herbal and Traditional Medicines Market Forecast by Application (2024-2029)
- 11.2.1 Global OTC Herbal and Traditional Medicines Sales (K MT) Forecast by Application
- 11.2.2 Global OTC Herbal and Traditional Medicines Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
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