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Herbal Medicine Market Size and Trends Analysis By Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products and Herbal Dietary Supplements), By Type of Medicinal Plants (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum spp and Allium Sativum), By Form (Extracts, Powders, Capsules & Tablets and Syrups), By Source (Leaves, Root & Barks, Whole Plants and Fruits), By Distribution Channel (Hospital & Retail Pharmacies and E-Commerce) – Forecast till 2030
Market Research Future Insights
According to MRFR analysis, the global herbal medicine market is expected to register a CAGR of 10.9% from 2022 to 2030 and hold a value of over USD 356 Billion by 2030.
The herbal medicine market refers to the market for medicinal products made from plant-based ingredients, including roots, leaves, flowers, and seeds. These medicines have been used for centuries in traditional medicine practices and are believed to have therapeutic properties that can help prevent and treat various health conditions. The COVID-19 pandemic has had a significant impact on the herbal medicine market. As people have become more health-conscious and are looking for ways to boost their immune systems, there has been a surge in demand for natural remedies. Additionally, with the disruption of global supply chains, people have turned to herbal medicines as a more accessible and sustainable alternative to pharmaceutical drugs.
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Key Players
Some of the market key players are Arkopharma, Bayer AG, BEOVITA, Hishimo Pharmaceuticals, Schaper & Brümmer, ZeinPharma Germany GmbH, Venus Pharma GmbH, Dasherb Corp., Arizona Natural Products and Blackmores
Market Segmentation
The Global herbal medicine market has been segmented into Category, Type of Medicinal Plants, Form, Source and Distribution Channel.
Based on Category: Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products and Herbal Dietary Supplements
Based on Type of Medicinal Plants: Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum spp and Allium Sativum
Based on Form: Extracts, Powders, Capsules, Tablets and Syrups
Based on Source: Leaves, Root Barks, Whole Plants and Fruits
Based on Distribution Channel: Hospital & Retail Pharmacies and E-Commerce
Browse In-depth Market Research Report (163 Pages) on Herbal Medicine: https://www.marketresearchfuture.com/reports/herbal-medicine-market-3250
Regional Analysis
The herbal medicine market is expected to see significant growth in Asia-Pacific, where traditional medicine is widely used and accepted. Countries like China and India have a long history of using herbal medicine and are among the largest producers and consumers of herbal medicines. However, there is also a growing demand for herbal medicine in North America and Europe, where consumers are increasingly interested in natural and organic products.
Discover More Research Reports on Healthcare Industry by Market Research Future:
Herbal Medicinal Products Market Research Report Information By Type (Traditional Chinese Medicines, Homeopathic Medicines, Aromatherapy Medicines, and Ayurvedic Medicines), By Function (General Wellness, Cardiovascular Health, Gut & Digestive Health, and Cognitive Health), By Form (Powder, Syrups, Ointments, Oils, and Capsules &Tablets), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Ayurveda Market Research Report Information By Form (Herbal, Herbomineral, and Mineral), By Application (Medicinal and Personal Care), By Disease Pattern (Respiratory System, Nervous Systems, Gastrointestinal Tract, Cardiovascular System, Infectious Diseases, and Skeletal System), By End User (Academia & Research, and Hospitals & Clinics), By Source (Vegetable, and Animal & Mineral), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2030
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