The global herbal medicine market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing awareness about the benefits of herbal medicines, growing demand for natural products and rising incidences of chronic diseases.
Detoxification medicine accounted for the largest share in the global herbal medicine market in 2017 and is expected to continue its dominance throughout the forecast period. Detoxification medicines are used for treating various ailments such as liver disorders, kidney disorders, skin problems and respiratory problems. Antipyretic medicines accounted for a significant share in 2017 and are expected to grow at a CAGR of 7% during the forecast period due to their ability to reduce fever caused by infections or other conditions like influenza or malaria. Aigestant medicines are used for treating stomach-related issues such as indigestion, constipation or diarrhea while blood circulation medicines are used for treating heart-related issues like high blood pressure or chest pain caused due to clogged arteries.
- The global population is aging and the elderly are more susceptible to chronic diseases, which can be treated with herbal medicines.
- The rise in chronic diseases has led to a rise in the use of herbal medicines as an alternative treatment for these conditions.
- There is a growing interest in natural remedies and people are becoming more aware of the benefits of using herbal medicine over synthetic drugs that have side effects.
- There is an increasing number of people who are looking for alternatives to traditional Western medicine.
- Herbal medicines can be used as a complementary therapy alongside conventional treatments.
Industry Growth Insights published a new data on “Herbal Medicine Market”. The research report is titled “Herbal Medicine Market research by Types (Detoxification Medicine, Antipyretic Medicine, Aigestant Medicine, Blood Circulation Medicine, Others), By Applications (Western Herbalism, Traditional Chinese Medicine, Others), By Players/Companies Tsumura, Schwabe, Madaus, Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural, Dabur, Herbal Africa, Nature’s Answer, Bio-Botanica, Potter’s, Zand, Nature Herbs, Imperial Ginseng, Yunnan Baiyao, Tongrentang, TASLY, Zhongxin, Kunming Pharma, Sanjiu, JZJT, Guangzhou Pharma, Taiji, Haiyao”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Herbal Medicine Market Research Report
By Type
Detoxification Medicine, Antipyretic Medicine, Aigestant Medicine, Blood Circulation Medicine, Others
By Application
Western Herbalism, Traditional Chinese Medicine, Others
By Companies
Tsumura, Schwabe, Madaus, Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural, Dabur, Herbal Africa, Nature’s Answer, Bio-Botanica, Potter’s, Zand, Nature Herbs, Imperial Ginseng, Yunnan Baiyao, Tongrentang, TASLY, Zhongxin, Kunming Pharma, Sanjiu, JZJT, Guangzhou Pharma, Taiji, Haiyao
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Herbal Medicine Market Report Segments:
The global Herbal Medicine market is segmented on the basis of:
Types
Detoxification Medicine, Antipyretic Medicine, Aigestant Medicine, Blood Circulation Medicine, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Western Herbalism, Traditional Chinese Medicine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tsumura
- Schwabe
- Madaus
- Weleda
- Blackmores
- Arkopharma
- SIDO MUNCUL
- Arizona Natural
- Dabur
- Herbal Africa
- Nature’s Answer
- Bio-Botanica
- Potter’s
- Zand
- Nature Herbs
- Imperial Ginseng
- Yunnan Baiyao
- Tongrentang
- TASLY
- Zhongxin
- Kunming Pharma
- Sanjiu
- JZJT
- Guangzhou Pharma
- Taiji
- Haiyao
Highlights of The Herbal Medicine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Detoxification Medicine
- Antipyretic Medicine
- Aigestant Medicine
- Blood Circulation Medicine
- Others
- By Application:
- Western Herbalism
- Traditional Chinese Medicine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Herbal Medicine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Herbal medicine is a form of alternative medicine that uses plants to treat health problems. Herbs are typically used in combination with other treatments, such as acupuncture or massage.
Some of the major companies in the herbal medicine market are Tsumura, Schwabe, Madaus, Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural, Dabur, Herbal Africa, Nature¢â‚¬â„¢s Answer, Bio-Botanica, Potter¢â‚¬â„¢s, Zand, Nature Herbs, Imperial Ginseng, Yunnan Baiyao, Tongrentang, TASLY, Zhongxin, Kunming Pharma, Sanjiu, JZJT, Guangzhou Pharma, Taiji, Haiyao.
The herbal medicine market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Herbal Medicine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Herbal Medicine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Herbal Medicine Market - Supply Chain
4.5. Global Herbal Medicine Market Forecast
4.5.1. Herbal Medicine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Herbal Medicine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Herbal Medicine Market Absolute $ Opportunity
5. Global Herbal Medicine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Herbal Medicine Market Size and Volume Forecast by Type
5.3.1. Detoxification Medicine
5.3.2. Antipyretic Medicine
5.3.3. Aigestant Medicine
5.3.4. Blood Circulation Medicine
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Herbal Medicine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Herbal Medicine Market Size and Volume Forecast by Application
6.3.1. Western Herbalism
6.3.2. Traditional Chinese Medicine
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Herbal Medicine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Herbal Medicine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Herbal Medicine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Herbal Medicine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Herbal Medicine Demand Share Forecast, 2019-2026
9. North America Herbal Medicine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Herbal Medicine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Herbal Medicine Market Size and Volume Forecast by Application
9.4.1. Western Herbalism
9.4.2. Traditional Chinese Medicine
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Herbal Medicine Market Size and Volume Forecast by Type
9.7.1. Detoxification Medicine
9.7.2. Antipyretic Medicine
9.7.3. Aigestant Medicine
9.7.4. Blood Circulation Medicine
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Herbal Medicine Demand Share Forecast, 2019-2026
10. Latin America Herbal Medicine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Herbal Medicine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Herbal Medicine Market Size and Volume Forecast by Application
10.4.1. Western Herbalism
10.4.2. Traditional Chinese Medicine
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Herbal Medicine Market Size and Volume Forecast by Type
10.7.1. Detoxification Medicine
10.7.2. Antipyretic Medicine
10.7.3. Aigestant Medicine
10.7.4. Blood Circulation Medicine
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Herbal Medicine Demand Share Forecast, 2019-2026
11. Europe Herbal Medicine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Herbal Medicine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Herbal Medicine Market Size and Volume Forecast by Application
11.4.1. Western Herbalism
11.4.2. Traditional Chinese Medicine
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Herbal Medicine Market Size and Volume Forecast by Type
11.7.1. Detoxification Medicine
11.7.2. Antipyretic Medicine
11.7.3. Aigestant Medicine
11.7.4. Blood Circulation Medicine
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Herbal Medicine Demand Share, 2019-2026
12. Asia Pacific Herbal Medicine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Herbal Medicine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Herbal Medicine Market Size and Volume Forecast by Application
12.4.1. Western Herbalism
12.4.2. Traditional Chinese Medicine
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Herbal Medicine Market Size and Volume Forecast by Type
12.7.1. Detoxification Medicine
12.7.2. Antipyretic Medicine
12.7.3. Aigestant Medicine
12.7.4. Blood Circulation Medicine
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Herbal Medicine Demand Share, 2019-2026
13. Middle East & Africa Herbal Medicine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Herbal Medicine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Herbal Medicine Market Size and Volume Forecast by Application
13.4.1. Western Herbalism
13.4.2. Traditional Chinese Medicine
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Herbal Medicine Market Size and Volume Forecast by Type
13.7.1. Detoxification Medicine
13.7.2. Antipyretic Medicine
13.7.3. Aigestant Medicine
13.7.4. Blood Circulation Medicine
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Herbal Medicine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Herbal Medicine Market: Market Share Analysis
14.2. Herbal Medicine Distributors and Customers
14.3. Herbal Medicine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tsumura
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schwabe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Madaus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Weleda
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Blackmores
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arkopharma
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SIDO MUNCUL
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Arizona Natural
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dabur
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Herbal Africa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Natures Answer
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bio-Botanica
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Potters
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zand
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nature Herbs
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Imperial Ginseng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yunnan Baiyao
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tongrentang
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. TASLY
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zhongxin
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
