Global Medicinal Herbs Market, By Medicinal Plants Type (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum Spp, Allium Sativum), Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products, Herbal Dietary Supplements), Form (Extracts, Powders, Capsules and Tablets and Syrups), Source (Leaves, Root and Barks, Whole Plants, Fruits), Distribution Channel (Hospital and Retail Pharmacies and E-Commerce), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, 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
The medicinal herbs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.34% in the forecast period of 2021 to 2028 and is expected to reach USD 426.43 billion by 2028. The rise in demand for natural medicine across the globe is escalating the growth of medicinal herbs market.
Medicinal herbs refer to therapeutic systems which use plant materials and generally made up of several parts of plants including flowers, roots, seeds, leaves, oil and bark among others. Since ancient times, this is being used as a treatment for various diseases. Today, medicinal herbs have been enhanced with the new innovative methods and they are available in the form of powders, capsules, tablets and syrups plant extracts.
The increasing consumer’s preference towards traditional medicines and the less side-effect when compared to other form of medicines if taken for longer period are the major factors driving the medicinal herbs market. The rise in the demand for organic and conventional herbs globally and increasing use of these medicines in the form of cosmeceuticals, medicinal tea, health supplement, nutritive jams, medicinal tea and others, the high usage of medicinal herbs in wide range of applications and increase in the number of research and development activities influence the medicinal herbs market. The inclination towards the personal care products produced with natural or organic ingredients and the new product launch by manufacturers of these products innovating with new techniques influence the medicinal herbs market. The growth in the awareness regarding health consciousness and wellness and the increase in the investment and funding by private and public sector for research projects propel the medicinal herbs market. Additionally, change in lifestyle and increase in number of chronic diseases positively affect the medicinal herbs market. Furthermore, innovations and technological advancement extend profitable opportunities to the medicinal herbs market players in the forecast period of 2021 to 2028.
On the other hand, the concerns regarding the risk of causing fatal signs in people because of presence of toxic chemicals and heavy metals are expected to obstruct the medicinal herbs market growth. The issues with the side effects of consuming these herbs such as stomach ache and infection are the challenge the medicinal herbs market in the forecast period of 2021-2028.
This medicinal herbs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 medicinal herbs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medicinal Herbs Market Scope and Market Size
The medicinal herbs market is segmented on the basis of medicinal plants type, category, form, source and distribution channel. The growth amongst these segments will help you analyze 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.
- On the basis of medicinal plants type, the medicinal herbs market is segmented into marrubium vulgare, vaccinium macrocarpon, echinacea, curcuma longa, camellia sinensis, actaea racemose, aloe vera, zingiber officinale, cocos nucifera, cinnamomum spp and allium sativum.
- On the basis of category, the medicinal herbs market is segmented into herbal pharmaceuticals, herbal functional foods, herbal beauty products and herbal dietary supplements.
- On the basis of form, the medicinal herbs market is segmented into extracts, powders, capsules and tablets and syrups.
- On the basis of source, the medicinal herbs market is segmented into leaves, root and barks, whole plants and fruits.
- On the basis of distribution channel, the medicinal herbs market is segmented into hospital and retail pharmacies and e-commerce.
Global Medicinal Herbs Market Country Level Analysis
The medicinal herbs market is analyzed and market size insights and trends are provided by country, medicinal plants type, category, form, source and distribution channel as referenced above.
The countries covered in the medicinal herbs market report are the 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.
North America dominates the medicinal herbs market because of the research and development for herbal medicine, rise in funding for research on medicinal plants and increasing preference for herbal drugs. Asia-Pacific is the second largest market because of the adoption of traditional medicines by pharmaceutical companies, researchers and policymakers.
The country section of the medicinal herbs 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.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The medicinal herbs market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medicinal herbs market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medicinal herbs market. The data is available for historic period 2011-2019.
Competitive Landscape and Medicinal Herbs Market Share Analysis
The medicinal herbs 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 medicinal herbs market.
The major players covered in the medicinal herbs market report are Arizona Natural, Arkopharma, Bio Botanica, Inc., Bionorica SE, Gaia Herbs, Glanbia PLC, Herb Pharm, Herbalife International of America, Inc., Hevert, The Himalaya Drug Company, i-Health, Inc., Indfrag Biosciences, Jemopharm, Natures Aid, Nature’s Bounty, Solgar Inc., Rexall Sundown, Inc., NaturaLife Asia Co., Ltd, Nature's Sunshine Products, Inc., Schaper & Brümmer 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.