Global OTC Herbal and Traditional Medicines Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global OTC Herbal and Traditional Medicines Market 2024 by Manufacturers, Regions, Type and Application, 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.

According to our (Global Info Research) latest study, the global OTC Herbal and Traditional Medicines market size was valued at US$ 157140 million in 2023 and is forecast to a readjusted size of USD 188160 million by 2030 with a CAGR of 2.6% during review period.

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.

This report is a detailed and comprehensive analysis for global OTC Herbal and Traditional Medicines market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global OTC Herbal and Traditional Medicines market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2019-2030

Global OTC Herbal and Traditional Medicines market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2019-2030

Global OTC Herbal and Traditional Medicines market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2019-2030

Global OTC Herbal and Traditional Medicines market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/Kg), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for OTC Herbal and Traditional Medicines

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global OTC Herbal and Traditional Medicines market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tsumura, Schwabe, Madaus, Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural, Dabur, Herbal Africa, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

OTC Herbal and Traditional Medicines market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
OTC Herbal
Traditional Medicine

Market segment by Application
Detoxification Medicine
Antipyretic Medicine
Digestive Medicine
Blood Circulation Medicine

Major players covered
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 segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe OTC Herbal and Traditional Medicines product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of OTC Herbal and Traditional Medicines, with price, sales quantity, revenue, and global market share of OTC Herbal and Traditional Medicines from 2019 to 2024.

Chapter 3, the OTC Herbal and Traditional Medicines competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the OTC Herbal and Traditional Medicines breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and OTC Herbal and Traditional Medicines market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of OTC Herbal and Traditional Medicines.

Chapter 14 and 15, to describe OTC Herbal and Traditional Medicines sales channel, distributors, customers, research findings and conclusion.