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
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 t%li%grow from USD 173.3 billion in 2023 t%li%USD 556.4 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period.
Herbal Medicine is the practice of using plants t%li%treat illness and improve overall health and wellbeing. Herbs should be used carefully since they may come int%li%contact with other medicinal drugs. The practice of using plants medicinally t%li%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 t%li%reach USD 556.4 billion, growing at a CAGR of 13.8% during the forecast period owing t%li%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:
Growth Drivers
Growing Use of Herbal Medicines due t%li%Multiple Benefits is Expected t%li%Boost the Market Growth
Strong Demand for Herbal and Natural Ingredients is Expected t%li%Boost the Market Growth
Restraint
Several Regulations and Guidelines for Importing Herbal Products t%li%Restrain the Market Growth
Key Players
PRODUCT OVERVIEW
Herbal Medicine Market size was USD 134.23 billion in 2021 and projected t%li%grow from USD 173.3 billion in 2023 t%li%USD 556.4 billion by 2032, exhibiting a CAGR of 13.8% during the forecast period.
Herbal Medicine is the practice of using plants t%li%treat illness and improve overall health and wellbeing. Herbs should be used carefully since they may come int%li%contact with other medicinal drugs. The practice of using plants medicinally t%li%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 t%li%reach USD 556.4 billion, growing at a CAGR of 13.8% during the forecast period owing t%li%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 t%li%Multiple Benefits is Expected t%li%Boost the Market Growth
Strong Demand for Herbal and Natural Ingredients is Expected t%li%Boost the Market Growth
Restraint
Several Regulations and Guidelines for Importing Herbal Products t%li%Restrain the Market Growth
Key Players
- Bayer AG
- Himalaya Wellness Company
- Dabur India Ltd.
- Blackmores Ltd.
- SuAyu
- Arkopharma
- Versus Arthritis
- Schaper & Brьmmer GmbH & Co. KG
- Hishim%li%Pharmaceuticals Pvt. Ltd.
- Hishim%li%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 t%li%witness the fastest growth as well as t%li%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 t%li%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 int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%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 & Brьmmer 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
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 & Brьmmer 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
