Herbal Medicine Market Overview

The size of the herbal medicine market was estimated at USD 261.31 billion in 2024, and it is anticipated that total revenue will increase at a compound annual growth rate (CAGR) of 12% between 2025 and 2032, to reach over USD 646.99 billion.

Herbal Medicine Market Scope and Methodology:

The Herbal Medicine market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Herbal Medicine market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Herbal Medicine Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Herbal Medicine Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

Herbal Medicine Market Regional Insights

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Herbal Medicine market situations in various nations. The Herbal Medicine market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

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Herbal Medicine Market Segmentation

by Form

Tablet & Capsules
Liquid & Gel
Powder

In 2024, the tablet and capsule sector had the biggest market share, accounting for 34.2%. The medications come in tablet and capsule form, and in addition to the number of prescriptions mentioned, the use of tablets and capsules is growing. Herbal products are also becoming more and more common in the pharmaceutical sector. It is anticipated that the tablet and capsule sector will continue to dominate the market as a result.

by Source

Leaves
Root Barks
Whole Plants
Fruits

by Distribution Channel

Hospital & Retail Pharmacies
E-Commerce

by Application

Herbal Pharmaceuticals
Herbal Functional Foods
Herbal Beauty Products
Herbal Dietary Supplements

In 2024, Herbal Pharmaceuticals is anticipated to hold the biggest market share and dominate the industry. A wide variety of applications, each meeting distinct customer needs across many industries, define the herbal medicine market. Because of their inherent therapeutic qualities and the rising demand for alternative medicine, these items are becoming more and more well-liked. Demand for herbal functional foods is also rising as more people use herbal ingredients in their diets due to their potential health benefits, such as improving digestion and immunity.

by End Use Industry

Food & Beverages
Personal Care & Beauty Applications
Pharmaceutical & Nutraceutical
Others

The increased consumer demand for functional and herbal-infused meals and drinks is likely to propel the Food & Beverages segment to the top of the herbal medicine market in 2024. The Pharmaceutical & Nutraceutical section comes in second, as herbal-based supplements and medications become more and more well-liked because of their health advantages. The growing popularity of natural and organic beauty products is expected to drive the Personal Care & Beauty Applications segment's consistent expansion.

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Herbal Medicine Market Key Players

1. Nature's Sunshine Products
2. Nature's Answer
3. Potter's Herbals
4. Bio-Botanica Inc.
5. Cultivator Natural Products Pvt. Ltd. (India)
6. Dabur Ltd.
7. PT Industri Jamu and Pharmaceutical Sido Muncul, and Tbk
8. Haiyao Co., Ltd.
9. Genius Nature Herbs Pvt Ltd.
10. Guangzhou Pharma Co.
11. Bionorica SE
12. Arkopharma
13. Patanjali Ayurved Ltd.
14. Beovita
15. ZeinPharma Germany GmbH
16. Dasherb Corp
17. Hishimo Pharmaceuticals
18. Patanjali Ayurved Ltd.
19. Himalaya Global Holdings Ltd.
20. Herbalife Nutrition
21. Blackmores Limited
22. Ricola AG
23. Emami Limited
24. Traditional Medicinals
25. Herb Pharm
26. Schaper & Brümmer GmbH & Co. KG
27. Solaray
28. 21ST Century HealthCare, Inc. (U.S.)
29. Dr. Willmar Schwabe India Pvt. Ltd
30. AYUSH Ayurvedic Pte Ltd.

Key questions answered in the Herbal Medicine Market are:

• What is Herbal Medicine ?
• What was the Herbal Medicine market size in 2023?
• What is the growth rate of the Herbal Medicine Market?
• Which are the factors expected to drive the Herbal Medicine market growth?
• What is the CAGR at which the Herbal Medicine market will grow during the forecast period?
• What are the different segments of the Herbal Medicine Market?
• Which is the fastest growing region in the Herbal Medicine market?
• What growth strategies are the players considering to increase their presence in Herbal Medicine ?
• What are the upcoming opportunities and trends for the Herbal Medicine Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Herbal Medicine Market?
• Who are the leading companies and what are their portfolios in Herbal Medicine Market?
• What segments are covered in the Herbal Medicine Market?
• Who are the key players in the Herbal Medicine market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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