Herbal Medicine Market: Information By Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products and Herbal Dietary Supplements), By Type of Medicinal Plants (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum spp and Allium Sativum), By Form (Extracts, Powders, Capsules & Tablets and Syrups), By Source (Leaves, Root & Barks, Whole Plants and Fruits), By Distribution Channel (Hospital & Retail Pharmacies and E-Commerce) - Forecast 2027

ID: VPR/HC/1141 Publishing Year: January 2022 Pages: 118 Format:   


Herbal Medicine Market Overview:

Herbal Medicine is a form of nutritional supplement made from the leaves, bark, seeds, oil, berries, and roots of plants. Herbal medicines have been utilised to treat a variety of disorders since ancient times. By utilising new inventive approaches, these drugs are now available in a variety of dose forms. Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, and Herbal Beauty Products are the four categories in which the market is divided. There is little scientific proof for the safety and usefulness of plants used in 21st-century herbalism, which lacks purity and dose requirements.

Fungal and bee products, as well as minerals, shells, and certain animal parts, are widely used in Herbal Medicine. Phytomedicine or phytotherapy are other terms for herbal medicine. The market is divided into Capsules and tablets, Powders, Extracts, Syrups, and Others based on the form. The market is separated into Leaves, Roots & Bark, Fruits, Whole Plants, and Others, according to the source. The market is divided into Hospitals & Retail Pharmacies, and E-commerce, based on the distribution channel.

Key Players:

  • Arkopharma
  • Bayer AG
  • BEOVITA
  • Hishimo Pharmaceuticals
  • Schaper & Brümmer
  • ZeinPharma Germany GmbH
  • Venus Pharma GmbH
  • Dasherb Corp.
  • Arizona Natural Products
  • Blackmores
  • Himalaya Global Holdings Ltd
  • Dr. Willmar Schwabe India Pvt. Ltd.

Market Drivers:

According to Global Herbal Medicine Market Research Report, the rising demand for herbal medicines among the growing population is expected to be a prominent factor driving the market over the study period. Another important factor that is predicted to drive the Global Herbal Medicine Market in the future years is increased knowledge of the benefits of Herbal Medicines. Herbal Medications do not contain any chemicals. As a result, they are increasingly popular among the general public, increasing the growth of the Herbal Medicine Market in the forecast year. Furthermore, they are inexpensive. As a result, the industry is likely to grow significantly.

Opportunities:

Growing research funding and investments in herbal medicines are projected to open up new business prospects in the near future. Furthermore, the COVID-19 outbreak has provided attractive chances for natural medicine manufacturers who would develop the industry.

Market Segmentation:

Product type, source, application, formulation type, distribution channel, and function are all used to segment the Herbal Medicinal Goods Market. The growth of these sectors will assist you in analysing meagre growth segments in the industries, as well as providing users with a comprehensive market overview and industry insights to aid them in making strategic decisions for core market application identification.

The Herbal Medicinal Products Market has been divided into four categories based on product type: homoeopathic medicines, ayurvedic medicines, Chinese medicines, and aromatherapy products.

The Herbal Medical Products Market has been divided into barks, leaves, roots, fruits and vegetables, and others, according to the source.

The Herbal Medicinal Goods Market has been divided into food and drinks, medicines, personal care, and others, depending on the application.

The Herbal Medicinal Goods Market has been divided into syrups, powder, capsules and tablets, oils, and others based on the formulation type.

The Herbal Medicinal Goods Market has been divided into hospital pharmacies, retail pharmacies, online pharmacies, and others based on the distribution channel.

Regional Analysis:

As said above, the Herbal Medicinal Goods Market is examined, with market size insights and trends offered by nation, product type, source, application, formulation type, distribution channel, and function.

The Herbal Medicinal Products Market Report covers the following countries: United States, Canada, and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, United Arab Emirates, United Arab Emirates, United Arab Emirates, United Arab Emirates, United Arab Emirates

Because of the predominance of significant pharmaceutical and medical industries, Europe dominates the Herbal Medicinal Products Market. Government measures that encourage market growth are also boosting market growth in this region. During the projected period, however, the Asia-Pacific area is expected to have the highest compound annual growth rate. This is due to increased research and development capabilities in the field of Herbal Medicines. The largest contributions from this area are India and China.

Covid-19 Impact:

COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. This ongoing study expands on this research methodology to ensure that underlying COVID-19 concerns and potential solutions are addressed. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The updated study considers the impact of COVID-19 on the market and provides insights, analysis, projections, and forecasts.

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