Herbal Medicine Market Size, Share, and Analysis, By Form (Powder, Liquid & Gel, Tablets & Capsules), By Application (Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products), By Distribution Channel (Hospital & Retail Pharmacies, E-Commerce) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Herbal Medicine Market size was USD 134.23 billion in 2021 and projected to grow from USD 173.3 billion in 2023 to USD 556.4 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period.
Herbal Medicine is the practice of using plants to treat illness and improve overall health and wellbeing. Herbs should be used carefully since they may come into contact with other medicinal drugs. The practice of using plants medicinally to alleviate illness and improve overall health and wellbeing has roots in ancient societies. The majority of pharmaceutical drugs are derived from synthetic copies of naturally occurring substances found in plants.
MARKET HIGHLIGHTS
Herbal Medicine Market is expected to reach USD 556.4 billion, growing at a CAGR of 13.8% during the forecast period owing to the growing awareness regarding the side effects of allopathic medicines and the benefits of using the herbal medications. Other significant factors influencing the market growth include increasing cases of chronic diseases and the growing population.
Herbal Medicine Market Segments:
- Form
- Powder
- Liquid & Gel
- Tablets & Capsules
- Application
- Pharmaceutical & Nutraceutical
- Food & Beverages
- Personal Care & Beauty Products
- Distribution Channel
- Hospital & Retail Pharmacies
- E-Commerce
Growth Drivers
Growing Use of Herbal Medicines due to Multiple Benefits is Expected to Boost the Market Growth
Strong Demand for Herbal and Natural Ingredients is Expected to Boost the Market Growth
Restraint
Several Regulations and Guidelines for Importing Herbal Products to Restrain the Market Growth
Key Players
- Bayer AG
- Himalaya Wellness Company
- Dabur India Ltd.
- Blackmores Ltd.
- SuAyu
- Arkopharma
- Versus Arthritis
- Schaper & Brümmer GmbH & Co. KG
- Hishimo Pharmaceuticals Pvt. Ltd.
- Hishimo Pharmaceuticals
- Dasherb Corp.
- Better Health Channel
- Genius Nature Herbs Pvt. Ltd.
- BEOVITA
- S.P Pharma
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
- 1. Executive Summary
- 1.1.Regional Market Share
- 1.2. Business Trends
- 1.3. Herbal Medicine Market: COVID-19 Outbreak
- 1.4.Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1. Research Objective
- 2.2.Research Approach
- 2.3.Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6.Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1. Market Definition
- 3.2.Herbal Medicine Market: COVID-19 Impact
- 3.3.Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4. Herbal Medicine Market – Industry Insights
- 4.1.Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7.Market Dynamics
- 7.1. Introduction
- 7.2.Growth Drivers
- 7.3.Market Opportunities
- 7.4. Market Restraints
- 7.5.Market Trends
- 8. Market Analysis
- 8.1. Porters Five Forces
- 8.2. PEST Analysis
- 8.2.1. Political
- 8.2.2.Economic
- 8.2.3.Social
- 8.2.4.Technological
- 9. Herbal Medicine Market
- 9.1. Overview
- 9.2.Historical Analysis (2016-2021)
- 9.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 10. Herbal Medicine Market Size & Forecast 2022A-2032F
- 10.1.Overview
- 10.2. Key Findings
- 10.3. Market Segmentation
- 10.3.1. By Form
- 10.3.1.1.Powder
- 10.3.1.1.1.By Value (USD Million) 2022-2032F
- 10.3.1.1.2. Market Share (%) 2022-2032F
- 10.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
- 10.3.1.2. Liquid & Gel
- 10.3.1.2.1. By Value (USD Million) 2022-2032F
- 10.3.1.2.2.Market Share (%) 2022-2032F
- 10.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
- 10.3.1.3. Tablets & Capsules
- 10.3.1.3.1. By Value (USD Million) 2022-2032F
- 10.3.1.3.2.Market Share (%) 2022-2032F
- 10.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
- 10.3.2.By Application
- 10.3.2.1. Pharmaceutical & Nutraceutical
- 10.3.2.1.1. By Value (USD Million) 2022-2032F
- 10.3.2.1.2.Market Share (%) 2022-2032F
- 10.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
- 10.3.2.2.Food & Beverages
- 10.3.2.2.1.By Value (USD Million) 2022-2032F
- 10.3.2.2.2. Market Share (%) 2022-2032F
- 10.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
- 10.3.2.3.Personal Care & Beauty Products
- 10.3.2.3.1.By Value (USD Million) 2022-2032F
- 10.3.2.3.2. Market Share (%) 2022-2032F
- 10.3.2.3.3.Y-o-Y Growth (%) 2022-2032F
- 10.3.3.By Distribution Channel
- 10.3.3.1. Hospital & Retail Pharmacies
- 10.3.3.1.1. By Value (USD Million) 2022-2032F
- 10.3.3.1.2.Market Share (%) 2022-2032F
- 10.3.3.1.3.Y-o-Y Growth (%) 2022-2032F
- 10.3.3.2.E-Commerce
- 10.3.3.2.1.By Value (USD Million) 2022-2032F
- 10.3.3.2.2. Market Share (%) 2022-2032F
- 10.3.3.2.3.Y-o-Y Growth (%) 2022-2032F
- 11.North America Herbal Medicine Market Size & Forecast 2022A-2032F
- 11.1.Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1.By Form
- 11.3.2. By Application
- 11.3.3. By Distribution Channel
- 11.4.Country
- 11.4.1. United States
- 11.4.2.Canada
- 12. Europe Herbal Medicine Market Size & Forecast 2022A-2032F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Form
- 12.3.2.By Application
- 12.3.3.By Distribution Channel
- 12.4. Country
- 12.4.1.Germany
- 12.4.2. United Kingdom
- 12.4.3. France
- 12.4.4. Italy
- 12.4.5. Spain
- 12.4.6. Russia
- 12.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 13. Asia Herbal Medicine Market Size & Forecast 2022A-2032F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Form
- 13.3.2.By Application
- 13.3.3.By Distribution Channel
- 13.4. Country
- 13.4.1.India
- 13.4.2. China
- 13.4.3. South Korea
- 13.4.4. Japan
- 13.4.5. Rest of APAC
- 14. Middle East and Africa Herbal Medicine Market Size & Forecast 2022A-2032F
- 14.1.Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Form
- 14.3.2.By Application
- 14.3.3.By Distribution Channel
- 14.4. Country
- 14.4.1.Israel
- 14.4.2. GCC
- 14.4.3. North Africa
- 14.4.4. South Africa
- 14.4.5. Rest of Middle East and Africa
- 15. Latin America Herbal Medicine Market Size & Forecast 2022A-2032F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Form
- 15.3.2.By Application
- 15.3.3.By Distribution Channel
- 15.4. Country
- 15.4.1.Mexico
- 15.4.2. Brazil
- 15.4.3. Rest of Latin America
- 16. Competitive Landscape
- 16.1. Company market share, 2021
- 16.2. Key player overview
- 16.3. Key stakeholders
- 17. Company Profiles
- 17.1.Bayer AG
- 17.1.1.Company Overview
- 17.1.2. Financial Overview
- 17.1.3. Key Product; Analysis
- 17.1.4.Company Assessment
- 17.1.4.1.Product Portfolio
- 17.1.4.2. Key Clients
- 17.1.4.3. Market Share
- 17.1.4.4. Recent News & Development (Last 3 Yrs.)
- 17.1.4.5. Executive Team
- 17.2. Himalaya Wellness Company
- 17.3. Dabur India Ltd.
- 17.4. Blackmores Ltd.
- 17.5. SuAyu
- 17.6. Arkopharma
- 17.7. Versus Arthritis
- 17.8. Schaper & Brümmer GmbH & Co. KG
- 17.9. Hishimo Pharmaceuticals Pvt. Ltd.
- 17.10. Hishimo Pharmaceuticals
- 17.11.Dasherb Corp.
- 17.12. Better Health Channel
- 17.13. Genius Nature Herbs Pvt. Ltd.
- 17.14. BEOVITA
- 17.15. S.P Pharma
- 17.16. Other Prominent Players
- 18. Appendix
- 19. Consultant Recommendation
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