Herbal Medicine Market Share, Size, Trends, Industry Analysis Report By Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, Herbal Beauty Products); By Form (Tablets & Capsules, Powders, Extracts, Syrups, Others); By Sou

Herbal Medicine Market Share, Size, Trends, Industry Analysis Report By Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, Herbal Beauty Products); By Form (Tablets & Capsules, Powders, Extracts, Syrups, Others); By Source (Leaves, Roots & barks, Fruits, Whole Plants, Others); By Distribution Channel (Hospitals & Retail Pharmacies, E-commerce); By Regions, Segments & Forecast, 2024 - 2032



The global Herbal Medicine market size is expected to reach USD 879.65 billion by 2032 according to a new study by Polaris Market Research. The report “Herbal Medicine Market Share, Size, Trends, Industry Analysis Report By Category (Pharmaceuticals, Functional Foods, Dietary Supplements, Beauty Products); By Form (Tablets & Capsules, Powders, Extracts, Syrups, Others); By Source (Leaves, Roots & Barks, Fruits, Whole Plants, Others); By Distribution Channel (Hospitals & Retail Pharmacies, E-commerce); By Regions, Segments & Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing government support and funding amount for research and innovation is driving the market growth. Various factors such as low cost of the products, very less or no side effects of herbal medicine, rising usage by the global population and ease of availability will further aid in market growth over the forecast period.

Plant-based medications are the common treatment source for curing various diseases. According to the National Center for Biotechnology Information, between 70% to 80% of the population across the globe preferred traditional drugs for their treatment. Additionally, it has reported that consumer spending on conventional drugs increased to USD 7.5 billion. This rising demand will further boost the industry growth between 2020 and 2026.

Herbs and plant-based products can be consumed in multiple ways such as tablets & capsules, powders, extracts, syrups and used as oil, ointments, etc. The tablets & capsules form is expected to witness high growth rate between 2020 and 2026. These traditional products are produced from the fruits, leaves, roots, stalk, cloves, etc. Few products that are used to produced herbal medicines are Milk thistle (fruit), Garlic (cloves, root), Echinacea (leaf, stalk, root), Chamomile (flower), etc. Availability of these products across the globe makes it an easily available raw material to produce the drugs. When it comes to herbal medicine, leaves are predicted to hold considerable market share during the study period.

E-commerce distribution channel segment will generate higher revenues by 2026 due to increasing awareness, growing usage of smart phones & internet, large coverage areas and providing products at lower costs. Additionally, in 2019, herbal pharmaceuticals segment held a major share in the overall market. This high market share can be credited to rise in ageing population coupled with increasing consumer awareness.

Asia Pacific herbal medicine is estimated to face significant growth rate over the forecast timeline. According to the World Health Organization, both China and India are investing heavily in research and advancement of better drugs originated from herbs and plants. Presently, North America and Europe hold significant market share. Rising governmental support along with increasing prevalence of chronic diseases is predicted to fuel the region’s market size. Higher predilection for plant-based medications and increasing funding amounts for research and innovation in medicinal herbs and plants is projected to boost the regional industry size.

Major global players are Schaper & Brümmer, Hishimo Pharmaceuticals, Himalaya Global Holdings Ltd., Venus Pharma GmbH, Patanjali Ayurved Ltd, Blackmores Ltd., Dasherb Corp, Bayer AG, ZeinPharma Germany GmbH, Arizona Natural Products, Dr. Willmar Schwable India Pvt. Ltd., BEOVITA, Dabur, and Arkopharma. The industry participants are focusing on product enhancement and global expansions. For instance, in November 2016, Arkopharma acquired DISTRIFA to broaden business expansion in Iberian Peninsula region.

Polaris Market research has segmented the Herbal Medicine market report on the basis of category, form, source, distribution channel and region

Herbal Medicine Category Outlook (Revenue, USD Billion, 2015 – 2026)

- Herbal pharmaceuticals

- Herbal functional foods

- Herbal dietary supplements

- Herbal beauty products

Herbal Medicine Form Outlook (Revenue, USD Billion, 2015 – 2026)

- Tablets & Capsules

- Powders

- Extracts

- Syrups

- Others

Herbal Medicine Source Outlook (Revenue, USD Billion, 2015 – 2026)

- Leaves

- Roots and barks

- Fruits

- Whole plants

- Others

Herbal Medicine Form Distribution Channel (Revenue, USD Billion, 2015 – 2026)

- Hospitals & Retail pharmacies

- E-commerce

Herbal Medicine Regional Outlook (Revenue, USD Billion, 2015 – 2026)

- North America

- U.S.

- Canada

- Europe

- France

- Germany

- UK

- Italy

- Asia Pacific

- Japan

- Thailand

- China

- India

- Latin America

- Mexico

- Brazil

- Chile

- Middle East & Africa

- Saudi Arabia

- UAE

- South Africa


1. Overview and Scope
1. Research goal & scope
2. Research assumptions
3. Research Methodology
1. Primary data sources
2. Secondary data sources
4. Key take-aways
5. Stakeholders
2. Executive Summary
1. Market Definition
2. Market Segmentation
3. Herbal Medicine Market Insights
1. Herbal Medicine – Industry snapshot
2. Herbal Medicine - Ecosystem analysis
3. Herbal Medicine Market dynamics
1. Herbal Medicine – Market Forces
1. Herbal Medicine Market driver analysis
2. Herbal Medicine Market restraint/challenges analysis
3. Herbal Medicine Market opportunity analysis
2. Industry analysis - Porter's five force
1. Bargaining power of supplier
2. Bargaining power of buyer
3. Threat of substitute
4. Threat of new entrant
5. Degree of competition
4. Herbal Medicine Market PEST analysis
5. Value Chain Analysis
6. Herbal Medicine Industry trends
7. Competitive Ranking Analysis, 2019
8. Consumer Buying Behavior
4. Herbal Medicine Market Size and Forecast by Category
1. Global herbal medicine market share by category, 2019 & 2026
2. Herbal pharmaceuticals
1. Global herbal pharmaceuticals herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global herbal pharmaceuticals herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
3. Herbal functional foods
1. Global herbal functional foods herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global herbal functional foods herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
4. Herbal dietary supplements
1. Global herbal dietary supplements herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global herbal dietary supplements herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
5. Herbal beauty products
1. Global herbal beauty products herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global herbal beauty products herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
5. Herbal Medicine Market Size and Forecast by Form
1. Global herbal medicine market share by form, 2019 & 2026
2. Tablets & Capsules
1. Global tablets & capsules herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global tablets & capsules herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
3. Powders
1. Global powder herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global powder herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
4. Extracts
1. Global extracts herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global extracts herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
5. Syrups
1. Global syrups herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global syrups herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
6. Others
1. Global other herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global other herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
6. Herbal Medicine Market Size and Forecast by Source
1. Global herbal medicine market share by source, 2019 & 2026
2. Leaves
1. Global leaves herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global leaves herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
3. Roots and barks
1. Global roots & barks herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global roots & barks herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
4. Fruits
1. Global fruits herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global fruits herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
5. Whole plants
1. Global whole plants herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global whole plants herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
6. Others
1. Global others herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global others herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
7. Herbal Medicine Market Size and Forecast by Distribution Channel
1. Global herbal medicine market share by distribution channel, 2019 & 2026
2. Hospitals & Retail pharmacies
1. Global hospitals & retail pharmacies herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global hospitals & retail pharmacies herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
3. E-commerce
1. Global e-commerce herbal medicine market estimates and forecasts, 2015 - 2026 (USD Billion)
2. Global e-commerce herbal medicine market estimates and forecasts, by region, 2015 - 2026 (USD Billion)
8. Herbal Medicine Market Size and Forecast by Regions
1. Global Herbal Medicine Market share by region, 2018 & 2026
1. North America
1. North America Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. North America Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. North America Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. North America Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
5. U.S.
1. U.S. Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. U.S. Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. U.S. Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. U.S. Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
6. Canada
1. Canada Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Canada Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Canada Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Canada Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
2. Europe
1. Europe Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Europe Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Europe Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Europe Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
5. Germany
1. Germany Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Germany Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Germany Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Germany Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
6. UK
1. UK Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. UK Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. UK Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. UK Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
7. France
1. France Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. France Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. France Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. France Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
8. Italy
1. Italy Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Italy Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Italy Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Italy Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
3. Asia Pacific
1. Asia Pacific Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Asia Pacific Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Asia Pacific Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Asia Pacific Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
5. India
1. India Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. India Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. India Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. India Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
6. China
1. China Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. China Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. China Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. China Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
7.Japan
1. Japan Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Japan Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Japan Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Japan Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
8. Thailand
1. Thailand Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Thailand Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Thailand Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Thailand Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
4. Latin America
1. Latin America Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Latin America Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Latin America Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Latin America Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
5. Brazil
1. Brazil Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Brazil Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Brazil Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Brazil Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
6. Mexico
1. Mexico Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Mexico Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Mexico Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Mexico Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
7. Chile
1. Chile Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Chile Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Chile Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Chile Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
5. Middle East & Africa
1. MEA Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. MEA Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. MEA Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. MEA Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
1. Saudi Arabia
1. Saudi Arabia Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. Saudi Arabia Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. Saudi Arabia Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. Saudi Arabia Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
2. UAE
1. UAE Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. UAE Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. UAE Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. UAE Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
3. South Africa
1. South Africa Herbal Medicine Market by category (USD Billion), 2015 - 2026
2. South Africa Herbal Medicine Market by form (USD Billion), 2015 - 2026
3. South Africa Herbal Medicine Market by source (USD Billion), 2015 - 2026
4. South Africa Herbal Medicine Market by distribution channel (USD Billion), 2015 - 2026
9. Company Profiles
1. Schaper & Brümmer
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
2. Hishimo Pharmaceuticals
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
3. Himalaya Global Holdings Ltd.
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
4. Venus Pharma GmbH
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
5. Patanjali Ayurved Ltd
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
6. Blackmores Ltd
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
7. Dasherb Corp
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
8. Bayer AG
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
9. ZeinPharma Germany GmbH
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
10. Arizona Natural Products
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
11. Willmar Schwable India Pvt. Ltd
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
12. BEOVITA
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
13. Dabur
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
14. Arkopharma
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
*List not exhaustive

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