Herbal Medicinal Products Market, by Product Type (Ayurvedic Medicines, Homeopathic Medicines, Chinese Medicines, and Aromatherapy), by Dosage Form (Syrups, Tablets and Capsules, Powder, and Others), by Disease Indication (Cough and Cold, Bone Health, Pai

Herbal Medicinal Products Market, by Product Type (Ayurvedic Medicines, Homeopathic Medicines, Chinese Medicines, and Aromatherapy), by Dosage Form (Syrups, Tablets and Capsules, Powder, and Others), by Disease Indication (Cough and Cold, Bone Health, Pain, Allergy, Digestive Disease, Thyroid Disorders, and Others), by Distribution Channel (Hospital Pharmacies, Retail Stores, Specialty Clinics and Stores, and E-commerce), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Herbal medicinal product comprises plant extracts such as alkaloids, phenols, terpenoids, polysaccharide, glycosides, and resins. This plant extracts in herbal medicines have medicinal properties and serve as an alternative source of medicines over conventional allopathy for various body aliments such as gut and digestive problems, hypertension, and other illness. This is expected to increase adoption herbal medicinal formulations and preparation by various industries such as supplements, pharmaceuticals, and others. Moreover, increasing inclination of consumers towards green label product, increasing demand for herbal medicines and its practice from the literature of Unani and Ayurveda, and less side effects and non-toxic properties are expected to fuel growth of the herbal medicinal products market over the forecast period. Furthermore, increasing prevalence of diseases such as digestive problems, flu, and kidney failure has increasing demand for a cost-effective cure, which is expected to expand the global herbal medicinal products market over the forecast period.
Market Dynamics
Herbal medicinal products market is expected to witness significant growth over the forecast period, owing to inclination of consumers from conventional medicines to traditional medicines across the globe. For instance, in November 2017, Organic Aromas, a leading manufacturer of aromatherapy entered into a partnership with McGill University in Montreal, Canada to improve and educate about aromatherapy. The aim of this partnership was to promote correct use of essential oils, develop understanding about aromatherapy, and identify and formulate ‘best practices’ for aromatherapy industry. Furthermore, in November 2017, Organic Aromas launched organic pure essential oils with forty different blends, which has greater aromatherapy effectiveness. Moreover, the company introduced its first wireless rechargeable nebulizing diffuser aromatherapy device, which is sleek and effective with therapeutic benefits. Therefore, launch of such products is expected to drive growth of the herbal medicinal products market over the forecast period.
Rising product launches by market players is expected to drive growth the herbal medicinal products market over the forecast period. For instance, in September 2019, KININ, Inc., launched CBD-infused essential oil wellness pods, which is used with KININ Eco, a personal aromatherapy diffuser for enhancing therapeutic effect of cannabidiol (CBD) and aromatherapy. The new CBD isolate infused pods launched by the company include KININ Recover, KININ Relax, KININ Focus, KININ Meditate, KININ Switch, and KININ Sexy.
Key features of the study:
This report provides in-depth analysis of the herbal medicinal products market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global herbal medicinal products market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
Key companies covered as part of this study include Sanofi S.A, Himalaya Global Holdings Ltd., Arkopharma Laboratories, Integria Healthcare, Young Living Essential Oils, Boiron, Blackmores Ltd., and Soho Flordis International (SFI)
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding their future product launches, technology upgradation, market expansion, and marketing tactics
The global herbal medicinal products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the herbal medicinal products market
Detailed Segmentation:
Global Herbal Medicinal Products Market, By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
Global Herbal Medicinal Products Market, By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
Global Herbal Medicinal Products Market, By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
Global Herbal Medicinal Products Market, By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
Global Herbal Medicinal Products Market, By Region:
North America
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country:
U.S.
Canada
Latin America
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Ayurvedic Medicines
Homeopathic Medicines
Chinese Medicines
Aromatherapy
By Dosage Form:
Syrups
In Hospital End Use
Other End Use
Tablets and Capsules
Powder
Others
By Disease Indication:
Cough and Cold
Bone Health
Pain
Allergy
Digestive Disease
Thyroid Disorders
Others
By Distribution Channel:
Hospital Pharmacies
Retail Stores
Specialty Clinics and Stores
E-commerce
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Sanofi S.A*
Company Overview
Material Portfolio
Financial Performance
Key Highlights
Market Strategies
Himalaya Global Holdings Ltd.
Arkopharma Laboratories
Integria Healthcare
Young Living Essential Oils
Boiron
Blackmores Ltd.
Soho Flordis International (SFI)
“*” marked represents similar segmentation in other categories in the respective section.