The Global Herbal Medicine Market Size Was Valued At USD 151.91 Billion In 2021. The Market Is Projected To Grow From USD 165.66 Billion In 2022 To USD 347.50 Billion By 2029, Exhibiting a CAGR Of 11.16% During The Forecast Period. Global Herbal Medicine Market Reports give a Key study on the industry status of the Herbal Medicine Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
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The COVID-19 pandemic has been shocking and has never happened before. When compared to the time before the pandemic, the demand for herbal medicine is higher than expected in all areas. Our research shows that the global market was 8.46% bigger in 2020 than in 2019.
Herbal medicines come from plants and are used to help with health and skin. Most herbal medicines used in Asia come from Ayurveda and old Chinese medicine.
Because the COVID-19 virus helped the market do well, there are more worries about health.
The WHO said that COVID-19 was a worldwide pandemic in March 2020. The pandemic had a big impact on the health and drug industries, and those effects may last in the short and long term. There are also short-term and long-term negative effects on research and development (R&D) and manufacturing, as well as delays in projects and programmes that have nothing to do with the core supply chain/data management operations.
Competitive Landscape and Global Market Share Analysis:
Cultivator Natural Products Pvt. Ltd. (India), 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), Others
Market Segmentation:
By Application:
- Pharmaceutical & Nutraceutical
- Food & Beverages
- Personal Care & Beauty Products
- Others
By Form:
- Powder
- Liquid & Gel
- Tablets & Capsules
- Others
The report on the Herbal Medicine market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
Europe has the biggest market for cosmetics in the world, which is a good place for new companies from developing countries to start. At the same time, beauty and personal care products made with natural ingredients are becoming more popular, and this trend is likely to continue. Based on this demand from European countries, it is likely that Europe will help the market grow a lot in the future. Turmeric is becoming more and more popular in Europe’s market for health products. It is known to have antioxidant and anti-inflammatory properties, so it is used as a supplement and in medicine to improve the immune and digestive systems and overall health. The EU gets most of its turmeric from India, but it also gets some from Thailand, Madagascar, Peru, and Sri Lanka. A big reason why people want turmeric is that people in Europe are living longer. As people in Europe become more health-conscious, the area will grow. Turmeric is a popular spice in the area because it is used in a lot of dishes from different cultures.
People in North America, especially in the U.S., are becoming more health-conscious, and a strong “green wave” is changing how people feel about nature-care products. People think that alternative medicines are bad for their health. This has made the product popular in the United States.
The cosmetics markets in Asia and Latin America are also growing quickly. As more people use the internet, they learn about how natural and herbal products can help them in the long run and want to use them. People in developing countries like India, China, Brazil, and Southeast Asian countries are getting more money to spend, which also helps these markets grow. South Africa, the UAE, Qatar, Saudi Arabia, Kenya, and Nigeria are all developing countries in the Middle East and Africa with some of the most important emerging economies in the world. Families in these countries are getting better at managing their money, which means they can spend more on beauty products. This is likely to be a big reason why the market in this area will grow.
Following are the major TOC of the Herbal Medicine Market:
Chapter 1: Herbal Medicine Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Herbal Medicine Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Herbal Medicine Market Forecast
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Key Reasons to Purchase Herbal Medicine Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Herbal Medicine Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Herbal Medicine Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Herbal Medicine
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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