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Herbal Medicine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 208 Pages
SKU # FOB18806337

Description

Herbal Medicine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Herbal Medicine Market

The global herbal medicine market witnessed a value of USD 216.40 billion in 2023 and is expected to rise from USD 233.08 billion in 2024 to USD 437 billion by 2032, exhibiting a CAGR of 8.17% during the forecast period from 2024 to 2032.

COVID-19 pandemic increased the herbal medicine market size because more & more people were getting ill. The pandemic increased the medicinal sector because of rising respiratory issues, and various treatments.

It is observed that the increasing demand for natural medicines is driving the herbal medicine market growth. The people prefer natural medicine more in countries that are in the developing phase or have lower-income. Since people here does not have much money to spend on doctors they prefer herbs, which are must cheaper and equally effective on the condition. As a result, a majority of the population of such countries are using herbs for their medicine sector.

The use of herbal medicines as an alternate method for medicines is a new rising trend among the population. It is observed that more than 50% of people and even professionals are suggesting herbal medicines because of their better immunity compared to synthetic drugs.

Comprehensive Analysis of Specialty Fertilizers Market

Segmentation in the herbal medicine market share is driving market because it allows companies to target specific customer groups with tailored services and solutions. The herbal medicine market is classified by form into powder, liquid & gel, and tablets & capsules. By application it is divided as pharmaceutical & nutraceutical, food & beverages, and personal care & beauty products.

Europe leads the herbal medicine market due to its large cosmetics industry, increasing demand for natural ingredients, recognition of turmeric's health benefits, diverse import sources, rising health consciousness, and popularity of ethnic cuisine.

Key players within the herbal medicine market are revolutionizing the industry by means of embracing modern product packaging designs. This strategic pass objectives to charm new customers and pressure up product sales, thereby reshaping the marketplace landscape substantially. These include 21ST Century HealthCare, Inc. (U.S.), Herbalife Nutrition (U.S.), ZeinPharma Germany GmbH (Germany), Blackmores Limited (Australia), Himalaya Global Holdings Ltd. (India), Nutraceutical Corporation (U.S.), Emami Limited (India), Nature's Answer, LLC. (U.S.), Patanjali Ayurved Limited (India), Cultivator Natural Products Pvt. Ltd. (India).

Traditional Medicinals is a prominent botanical wellness firm in North America. It will launch its most recent product organic lemon ginger tea in Canada in June 2023. This combination that's made with organic lemon peel, ginger, hibiscus, and lemongrass, has a zesty, candy, and moderately spiced taste .

Segementation Table

Global Herbal Medicine Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate ○ CAGR of 8.17% from 2024 to 2032

Segmentation By Application

Pharmaceutical & Nutraceutical

Food & Beverages

Personal Care & Beauty Products

By Form

Powder

Liquid & Gel

Tablets & Capsules

By Geography

North America (By Application, Form, and Country)

U.S. (By Application)

Canada (By Application)

Mexico (By Application)

Europe (By Application, Form, and Country)

France (By Application)

Spain (By Application)

U.K. (By Application)

Italy (By Application)

Germany (By Application)

Rest of Europe (By Application)

Asia Pacific (By Application, Form, and Country)

China (By Application)

India (By Application)

Japan (By Application)

South Korea (By Application)

Australia (By Application)

Rest of Asia Pacific (By Application)

South America (By Application, Form, and Country)

Argentina (By Application)

Brazil (By Application)

Rest of South America (By Application)

Middle East and Africa (By Application, Form, and Country)

UAE (By Application)

South Africa (By Application)

Rest of Middle East & Africa (By Application)


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Table of Contents

208 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Overview on the Parent Market
4.2. Supply Chain Analysis
4.3. Industry SWOT Analysis
4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
4.5. Market Analysis and Insights (in Relation with COVID-19)
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges due to the Pandemic
4.5.3. Potential Opportunities Due to COVID-19
5. Global Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Form (Value)
5.2.1.1. Powder
5.2.1.2. Liquid & Gel
5.2.1.3. Tablets & Capsules
5.2.2. By Application (Value)
5.2.2.1. Pharmaceutical & Nutraceutical
5.2.2.2. Food & Beverages
5.2.2.3. Personal Care & Beauty Products
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Form (Value)
6.2.1.1. Powder
6.2.1.2. Liquid & Gel
6.2.1.3. Tablets & Capsules
6.2.2. By Application (Value)
6.2.2.1. Pharmaceutical & Nutraceutical
6.2.2.2. Food & Beverages
6.2.2.3. Personal Care & Beauty Products
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Application (Value)
6.2.3.1.1.1. Pharmaceutical & Nutraceutical
6.2.3.1.1.2. Food & Beverages
6.2.3.1.1.3. Personal Care & Beauty Products
6.2.3.2. Canada
6.2.3.2.1. By Application (Value)
6.2.3.2.1.1. Pharmaceutical & Nutraceutical
6.2.3.2.1.2. Food & Beverages
6.2.3.2.1.3. Personal Care & Beauty Products
6.2.3.3. Mexico
6.2.3.3.1. By Application (Value)
6.2.3.3.1.1. Pharmaceutical & Nutraceutical
6.2.3.3.1.2. Food & Beverages
6.2.3.3.1.3. Personal Care & Beauty Products
7. Europe Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Form (Value)
7.2.1.1. Powder
7.2.1.2. Liquid & Gel
7.2.1.3. Tablets & Capsules
7.2.2. By Application (Value)
7.2.2.1. Pharmaceutical & Nutraceutical
7.2.2.2. Food & Beverages
7.2.2.3. Personal Care & Beauty Products
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By Application (Value)
7.2.3.1.1.1. Pharmaceutical & Nutraceutical
7.2.3.1.1.2. Food & Beverages
7.2.3.1.1.3. Personal Care & Beauty Products
7.2.3.2. France
7.2.3.2.1. By Application (Value)
7.2.3.2.1.1. Pharmaceutical & Nutraceutical
7.2.3.2.1.2. Food & Beverages
7.2.3.2.1.3. Personal Care & Beauty Products
7.2.3.3. Italy
7.2.3.3.1. By Application (Value)
7.2.3.3.1.1. Pharmaceutical & Nutraceutical
7.2.3.3.1.2. Food & Beverages
7.2.3.3.1.3. Personal Care & Beauty Products
7.2.3.4. Spain
7.2.3.4.1. By Application (Value)
7.2.3.4.1.1. Pharmaceutical & Nutraceutical
7.2.3.4.1.2. Food & Beverages
7.2.3.4.1.3. Personal Care & Beauty Products
7.2.3.5. U.K.
7.2.3.5.1. By Application (Value)
7.2.3.5.1.1. Pharmaceutical & Nutraceutical
7.2.3.5.1.2. Food & Beverages
7.2.3.5.1.3. Personal Care & Beauty Products
7.2.3.6. Rest of Europe
7.2.3.6.1. By Application (Value)
7.2.3.6.1.1. Pharmaceutical & Nutraceutical
7.2.3.6.1.2. Food & Beverages
7.2.3.6.1.3. Personal Care & Beauty Products
8. Asia Pacific Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.1.1. By Form (Value)
8.1.1.1. Powder
8.1.1.2. Liquid & Gel
8.1.1.3. Tablets & Capsules
8.1.2. By Application (Value)
8.1.2.1. Pharmaceutical & Nutraceutical
8.1.2.2. Food & Beverages
8.1.2.3. Personal Care & Beauty Products
8.1.3. By Country (Value)
8.1.3.1. China
8.1.3.1.1. By Application (Value)
8.1.3.1.1.1. Pharmaceutical & Nutraceutical
8.1.3.1.1.2. Food & Beverages
8.1.3.1.1.3. Personal Care & Beauty Products
8.1.3.2. India
8.1.3.2.1. By Application (Value)
8.1.3.2.1.1. Pharmaceutical & Nutraceutical
8.1.3.2.1.2. Food & Beverages
8.1.3.2.1.3. Personal Care & Beauty Products
8.1.3.3. Japan
8.1.3.3.1. By Application (Value)
8.1.3.3.1.1. Pharmaceutical & Nutraceutical
8.1.3.3.1.2. Food & Beverages
8.1.3.3.1.3. Personal Care & Beauty Products
8.1.3.4. Australia
8.1.3.4.1. By Application (Value)
8.1.3.4.1.1. Pharmaceutical & Nutraceutical
8.1.3.4.1.2. Food & Beverages
8.1.3.4.1.3. Personal Care & Beauty Products
8.1.3.5. South Korea
8.1.3.5.1. By Application (Value)
8.1.3.5.1.1. Pharmaceutical & Nutraceutical
8.1.3.5.1.2. Food & Beverages
8.1.3.5.1.3. Personal Care & Beauty Products
8.1.3.6. Rest of APAC
8.1.3.6.1. By Application (Value)
8.1.3.6.1.1. Pharmaceutical & Nutraceutical
8.1.3.6.1.2. Food & Beverages
8.1.3.6.1.3. Personal Care & Beauty Products
9. South America Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.1.1. By Form (Value)
9.1.1.1. Powder
9.1.1.2. Liquid & Gel
9.1.1.3. Tablets & Capsules
9.1.2. By Application (Value)
9.1.2.1. Pharmaceutical & Nutraceutical
9.1.2.2. Food & Beverages
9.1.2.3. Personal Care & Beauty Products
9.1.3. By Country (Value)
9.1.3.1. Brazil
9.1.3.1.1. By Application (Value)
9.1.3.1.1.1. Pharmaceutical & Nutraceutical
9.1.3.1.1.2. Food & Beverages
9.1.3.1.1.3. Personal Care & Beauty Products
9.1.3.2. Argentina
9.1.3.2.1. By Application (Value)
9.1.3.2.1.1. Pharmaceutical & Nutraceutical
9.1.3.2.1.2. Food & Beverages
9.1.3.2.1.3. Personal Care & Beauty Products
9.1.3.3. Rest of South America
9.1.3.3.1. By Application (Value)
9.1.3.3.1.1. Pharmaceutical & Nutraceutical
9.1.3.3.1.2. Food & Beverages
9.1.3.3.1.3. Personal Care & Beauty Products
10. Middle East and Africa Herbal Medicine Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.1.1. By Form (Value)
10.1.1.1. Powder
10.1.1.2. Liquid & Gel
10.1.1.3. Tablets & Capsules
10.1.2. By Application (Value)
10.1.2.1. Pharmaceutical & Nutraceutical
10.1.2.2. Food & Beverages
10.1.2.3. Personal Care & Beauty Products
10.1.3. By Country (Value)
10.1.3.1. South Africa
10.1.3.1.1. By Application (Value)
10.1.3.1.1.1. Pharmaceutical & Nutraceutical
10.1.3.1.1.2. Food & Beverages
10.1.3.1.1.3. Personal Care & Beauty Products
10.1.3.2. UAE
10.1.3.2.1. By Application (Value)
10.1.3.2.1.1. Pharmaceutical & Nutraceutical
10.1.3.2.1.2. Food & Beverages
10.1.3.2.1.3. Personal Care & Beauty Products
10.1.3.3. Rest of ME&A
10.1.3.3.1. By Application (Value)
10.1.3.3.1.1. Pharmaceutical & Nutraceutical
10.1.3.3.1.2. Food & Beverages
10.1.3.3.1.3. Personal Care & Beauty Products
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Herbal Medicine Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
12. Company Profiles
12.1. Cultivator Natural Products Pvt. Ltd.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. 21ST Century HealthCare, Inc.
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Herbalife Nutrition
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. ZeinPharma Germany GmbH
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Blackmores Limited
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Himalaya Global Holdings Ltd.
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Nutraceutical Corporation
12.7.1. Emami Limited
12.7.2. Overview
12.7.3. Description
12.7.4. Product Portfolio
12.7.5. Financials (Data as available in public domain and/or on paid databases)
12.7.6. Recent Developments
12.8. Nature's Answer, LLC.
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Patanjali Ayurved Limited
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
13. Strategic Recommendations
14. Appendix

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