Global Herbal Medicinal Products Market, By Product Type (Homeopathic Medicines, Ayurvedic Medicines, Chinese Medicines and Aromatherapy Products), Source (Barks, Leaves, Roots, Fruits and Vegetables, and Others), Application (Food and Beverages, Pharmaceuticals, Personal Care, and Others), Formulation Type (Syrups, Powder, Capsules and Tablets, Oils and Others), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others), Function (General Wellness, Cardiovascular Health, Gut and Digestive Health, Cognitive Health and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising prevalence of chronic diseases coupled with the rising awareness regarding the benefits of herbal medicines over allopathic medicines have induced the demand for herbal medicinal products. Data Bridge Market Research analyses that the herbal medicinal products will exhibit a CAGR of around 6.33% for the forecast period of 2021-2028.
Herbal medicinal products are those medicinal products that whose ingredients are obtained from plants and natural resources. The herbal medicinal products are available in the market in the form of tablets, capsules, powder, teas, fresh and dried plants. Since, these are naturally obtained; the medicines don’t have any harmful or side effects on the body. The herbal medicinal products are safe to use and improve an individual’s health and functioning of the organs. However, if consumed incorrectly and not in the right amount, even herbal medicinal products can have harmful effects on the body.
Rising awareness about the negative effects of allopathic medicines and benefits of herbal medicinal products have led to the rise in its demand. Rising population coupled with rising prevalence of chronic diseases are another factors determining the growth of the market. Increased preferences for naturally prepared medicines following the teachings of Ayurveda and Unani will further foster the market growth.
However, lack of attention and focus of the regulatory authorities will demote the market growth rate. Also, lack of awareness regarding herbal therapeutics will further derail the market growth rate.
This herbal medicinal products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on herbal medicinal products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Herbal Medicinal Products Market Scope and Market Size
The herbal medicinal products market is segmented on the basis of product type, source, application, formulation type, distribution channel and function. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product type, the herbal medicinal products market has been segmented into homeopathic medicines, ayurvedic medicines, Chinese medicines and aromatherapy products.
- Based on the source, the herbal medicinal products market has been segmented into barks, leaves, roots, fruits and vegetables, and others.
- Based on the application, the herbal medicinal products market has been segmented into food and beverages, pharmaceuticals, personal care, and others.
- Based on the formulation type, the herbal medicinal products market has been segmented into syrups, powder, capsules and tablets, oils and others.
- Based on the distribution channel, the herbal medicinal products market has been segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others.
- Based on the function, the herbal medicinal products market has been segmented into general wellness, cardiovascular health, gut and digestive health, cognitive health and others.
Herbal Medicinal Products Market Country Level Analysis
The herbal medicinal products market is analysed and market size insights and trends are provided by country, product type, source, application, formulation type, distribution channel and function as referenced above.
The countries covered in the herbal medicinal products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., 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 the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the herbal medicinal products market owing to the prevalence of large pharmaceutical and medical industry. Supportive governmental policies are also driving the market growth in this region. However, it is Asia-Pacific region which is set to undergo the highest compound annual growth rate during the forecast period. This is because of rising research and development proficiencies in the direction of herbal medicinal products. India and China are the major contributors from this region.
The country section of the herbal medicinal products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Herbal Medicinal Products Market Share Analysis
The herbal medicinal products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to herbal medicinal products market.
The major players covered in the herbal medicinal products market report are Arkopharma, Bayer AG, BEOVITA, HISHIMO PHARMACEUTICALS., Schaper & Brümmer, ZeinPharma Germany GmbH, Venus Pharma GmbH., Dasherb Corp., Arizona Natural Products, Blackmores Limited, Himalaya Global Holdings Ltd., Dr. Willmar Schwabe India Pvt. Ltd., The Himalaya Drug Company., Madaus, TSUMURA & CO., Sheng Chang Pharmaceutical Company, Ricola, Zanducare, Hamdard and Dabur.com among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Herbal Medicinal Products Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.