
Herbal Medicine Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032
Description
The report on the global herbal medicine market provides qualitative and quantitative analysis for the period from 2022-2032. The global herbal medicine market was valued at USD 77.45 billion in 2023 and is expected to reach USD 304.65 billion in 2032, with a CAGR of more than a 16.74% during the forecast period 2024-2032. The study on herbal medicine market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.
The report on herbal medicine market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global herbal medicine market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global herbal medicine market over the period of 2022-2032. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global herbal medicine market is segmented on the basis of source, application, formulation type, and distribution channel.
The Global Herbal Medicine Market by Source
The companies covered in the report include
1. Comprehensive analysis of the global as well as regional markets of the herbal medicine market.
2. Complete coverage of all the segments in the herbal medicine market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global herbal medicine market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
The report on herbal medicine market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global herbal medicine market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global herbal medicine market over the period of 2022-2032. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Report Findings
1) Drivers
- Growing consumer interest in natural remedies and holistic health drives the herbal medicine market.
- Government support and regulations favoring the utilization of herbal medicines are playing a pivotal role in expanding the market.
- Stringent regulatory challenges and quality control issues can hinder the growth of the herbal medicine market.
- Advancements in research and technology can provide lucrative opportunities for the growth of the market.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global herbal medicine market is segmented on the basis of source, application, formulation type, and distribution channel.
The Global Herbal Medicine Market by Source
- Barks
- Leaves
- Roots
- Others
- Food and Beverages
- Pharmaceuticals
- Others
- Syrups
- Powder
- Capsules & Tablets
- Others
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
The companies covered in the report include
- Himalaya Global Holdings Ltd.
- Schaper & Brümmer
- Hishimo Pharmaceuticals Pvt. Ltd.
- Blackmores Limited
- Bio-Botanica, Inc.
- Bayer AG
- Patanjali Ayurved Limited
- Weleda
- Nutraceuticals Group
- Emami Limited
1. Comprehensive analysis of the global as well as regional markets of the herbal medicine market.
2. Complete coverage of all the segments in the herbal medicine market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global herbal medicine market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
300 Pages
- Chapter 1. Preface
- 1.1. Report Description
- 1.2. Research Methods
- 1.3. Research Approaches
- Chapter 2. Executive Summary
- 2.1. Herbal Medicine Market Highlights
- 2.2. Herbal Medicine Market Projection
- 2.3. Herbal Medicine Market Regional Highlights
- Chapter 3. Global Herbal Medicine Market Overview
- 3.1. Introduction
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.3. Porter's Five Forces Analysis
- 3.4. IGR-Growth Matrix Analysis
- 3.4.1. IGR-Growth Matrix Analysis by Source
- 3.4.2. IGR-Growth Matrix Analysis by Application
- 3.4.3. IGR-Growth Matrix Analysis by Formulation Type
- 3.4.4. IGR-Growth Matrix Analysis by Distribution Channel
- 3.4.5. IGR-Growth Matrix Analysis by Region
- 3.5. Value Chain Analysis of Herbal Medicine Market
- Chapter 4. Herbal Medicine Market Macro Indicator Analysis
- Chapter 5. Company Profiles and Competitive Landscape
- 5.1. Competitive Landscape in the Global Herbal Medicine Market
- 5.2. Companies Profiles
- 5.2.1. Himalaya Global Holdings Ltd.
- 5.2.2. Schaper & Brümmer
- 5.2.3. Hishimo Pharmaceuticals Pvt. Ltd.
- 5.2.4. Blackmores Limited
- 5.2.5. Bio-Botanica, Inc.
- 5.2.6. Bayer AG
- 5.2.7. Patanjali Ayurved Limited
- 5.2.8. Weleda
- 5.2.9. Nutraceuticals Group
- 5.2.10. Emami Limited
- Chapter 6. Global Herbal Medicine Market by Source
- 6.1. Barks
- 6.2. Leaves
- 6.3. Roots
- 6.4. Others
- Chapter 7. Global Herbal Medicine Market by Application
- 7.1. Food and Beverages
- 7.2. Pharmaceuticals
- 7.3. Others
- Chapter 8. Global Herbal Medicine Market by Formulation Type
- 8.1. Syrups
- 8.2. Powder
- 8.3. Capsules & Tablets
- 8.4. Others
- Chapter 9. Global Herbal Medicine Market by Distribution Channel
- 9.1. Hospital Pharmacies
- 9.2. Retail Pharmacies
- 9.3. Online Pharmacies
- 9.4. Others
- Chapter 10. Global Herbal Medicine Market by Region 2024-2032
- 10.1. North America
- 10.1.1. North America Herbal Medicine Market by Source
- 10.1.2. North America Herbal Medicine Market by Application
- 10.1.3. North America Herbal Medicine Market by Formulation Type
- 10.1.4. North America Herbal Medicine Market by Distribution Channel
- 10.1.5. North America Herbal Medicine Market by Country
- 10.1.5.1. The U.S. Herbal Medicine Market
- 10.1.5.1.1. The U.S. Herbal Medicine Market by Source
- 10.1.5.1.2. The U.S. Herbal Medicine Market by Application
- 10.1.5.1.3. The U.S. Herbal Medicine Market by Formulation Type
- 10.1.5.1.4. The U.S. Herbal Medicine Market by Distribution Channel
- 10.1.5.2. Canada Herbal Medicine Market
- 10.1.5.2.1. Canada Herbal Medicine Market by Source
- 10.1.5.2.2. Canada Herbal Medicine Market by Application
- 10.1.5.2.3. Canada Herbal Medicine Market by Formulation Type
- 10.1.5.2.4. Canada Herbal Medicine Market by Distribution Channel
- 10.1.5.3. Mexico Herbal Medicine Market
- 10.1.5.3.1. Mexico Herbal Medicine Market by Source
- 10.1.5.3.2. Mexico Herbal Medicine Market by Application
- 10.1.5.3.3. Mexico Herbal Medicine Market by Formulation Type
- 10.1.5.3.4. Mexico Herbal Medicine Market by Distribution Channel
- 10.2. Europe
- 10.2.1. Europe Herbal Medicine Market by Source
- 10.2.2. Europe Herbal Medicine Market by Application
- 10.2.3. Europe Herbal Medicine Market by Formulation Type
- 10.2.4. Europe Herbal Medicine Market by Distribution Channel
- 10.2.5. Europe Herbal Medicine Market by Country
- 10.2.5.1. Germany Herbal Medicine Market
- 10.2.5.1.1. Germany Herbal Medicine Market by Source
- 10.2.5.1.2. Germany Herbal Medicine Market by Application
- 10.2.5.1.3. Germany Herbal Medicine Market by Formulation Type
- 10.2.5.1.4. Germany Herbal Medicine Market by Distribution Channel
- 10.2.5.2. United Kingdom Herbal Medicine Market
- 10.2.5.2.1. United Kingdom Herbal Medicine Market by Source
- 10.2.5.2.2. United Kingdom Herbal Medicine Market by Application
- 10.2.5.2.3. United Kingdom Herbal Medicine Market by Formulation Type
- 10.2.5.2.4. United Kingdom Herbal Medicine Market by Distribution Channel
- 10.2.5.3. France Herbal Medicine Market
- 10.2.5.3.1. France Herbal Medicine Market by Source
- 10.2.5.3.2. France Herbal Medicine Market by Application
- 10.2.5.3.3. France Herbal Medicine Market by Formulation Type
- 10.2.5.3.4. France Herbal Medicine Market by Distribution Channel
- 10.2.5.4. Rest of Europe Herbal Medicine Market
- 10.2.5.4.1. Rest of Europe Herbal Medicine Market by Source
- 10.2.5.4.2. Rest of Europe Herbal Medicine Market by Application
- 10.2.5.4.3. Rest of Europe Herbal Medicine Market by Formulation Type
- 10.2.5.4.4. Rest of Europe Herbal Medicine Market by Distribution Channel
- 10.3. Asia Pacific
- 10.3.1. Asia Pacific Herbal Medicine Market by Source
- 10.3.2. Asia Pacific Herbal Medicine Market by Application
- 10.3.3. Asia Pacific Herbal Medicine Market by Formulation Type
- 10.3.4. Asia Pacific Herbal Medicine Market by Distribution Channel
- 10.3.5. Asia Pacific Herbal Medicine Market by Country
- 10.3.5.1. China Herbal Medicine Market
- 10.3.5.1.1. China Herbal Medicine Market by Source
- 10.3.5.1.2. China Herbal Medicine Market by Application
- 10.3.5.1.3. China Herbal Medicine Market by Formulation Type
- 10.3.5.1.4. China Herbal Medicine Market by Distribution Channel
- 10.3.5.2. Japan Herbal Medicine Market
- 10.3.5.2.1. Japan Herbal Medicine Market by Source
- 10.3.5.2.2. Japan Herbal Medicine Market by Application
- 10.3.5.2.3. Japan Herbal Medicine Market by Formulation Type
- 10.3.5.2.4. Japan Herbal Medicine Market by Distribution Channel
- 10.3.5.3. India Herbal Medicine Market
- 10.3.5.3.1. India Herbal Medicine Market by Source
- 10.3.5.3.2. India Herbal Medicine Market by Application
- 10.3.5.3.3. India Herbal Medicine Market by Formulation Type
- 10.3.5.3.4. India Herbal Medicine Market by Distribution Channel
- 10.3.5.4. Rest of Asia-Pacific Herbal Medicine Market
- 10.3.5.4.1. Rest of Asia-Pacific Herbal Medicine Market by Source
- 10.3.5.4.2. Rest of Asia-Pacific Herbal Medicine Market by Application
- 10.3.5.4.3. Rest of Asia-Pacific Herbal Medicine Market by Formulation Type
- 10.3.5.4.4. Rest of Asia-Pacific Herbal Medicine Market by Distribution Channel
- 10.4. RoW
- 10.4.1. RoW Herbal Medicine Market by Source
- 10.4.2. RoW Herbal Medicine Market by Application
- 10.4.3. RoW Herbal Medicine Market by Formulation Type
- 10.4.4. RoW Herbal Medicine Market by Distribution Channel
- 10.4.5. RoW Herbal Medicine Market by Sub-region
- 10.4.5.1. Latin America Herbal Medicine Market
- 10.4.5.1.1. Latin America Herbal Medicine Market by Source
- 10.4.5.1.2. Latin America Herbal Medicine Market by Application
- 10.4.5.1.3. Latin America Herbal Medicine Market by Formulation Type
- 10.4.5.1.4. Latin America Herbal Medicine Market by Distribution Channel
- 10.4.5.2. Middle East Herbal Medicine Market
- 10.4.5.2.1. Middle East Herbal Medicine Market by Source
- 10.4.5.2.2. Middle East Herbal Medicine Market by Application
- 10.4.5.2.3. Middle East Herbal Medicine Market by Formulation Type
- 10.4.5.2.4. Middle East Herbal Medicine Market by Distribution Channel
- 10.4.5.3. Africa Herbal Medicine Market
- 10.4.5.3.1. Africa Herbal Medicine Market by Source
- 10.4.5.3.2. Africa Herbal Medicine Market by Application
- 10.4.5.3.3. Africa Herbal Medicine Market by Formulation Type
- 10.4.5.3.4. Africa Herbal Medicine Market by Distribution Channel
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