Market Overview:
The global OTC herbal and traditional medicines market is expected to register a CAGR of 6.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing awareness about the benefits of traditional medicines and rising demand for detoxification medicine. Based on type, the global OTC herbal and traditional medicines market is segmented into OTC herbal medicine and traditional medicine. Traditional medicine held a larger share in 2017, owing to its wide range of applications in various diseases such as detoxification, antipyretic, digestive, and blood circulation diseases. However, over the forecast period (2018-2030), OTC herbal medicine is expected to witness higher growth due to its growing popularity among consumers for treating various health conditions without any side effects. On the basis of application, detoxification Medicine accounted for a major share in 2017 followed by antipyretic Medicine; however Digestive Medicine is projected grow at highest CAGR over next 10 years owing high prevalence rate gastrointestinal problems across globe . Similarly Blood Circulation Medicines are also anticipated grow with significant CAGR during forecast period on account escalating incidences cardiovascular problems globally . Regionally North America commanded largest revenue share in 2017 followed by Europe while Asia Pacific region would exhibit fastest growth rates throughout assessment timeframe .
Product Definition:
OTC herbal and traditional medicines are plant-based remedies that have been used for centuries to treat various illnesses. These therapies are often less expensive and more accessible than conventional medications, and they may be less likely to cause side effects. Some people believe that OTC herbal and traditional medicines are more effective than conventional treatments, while others view them as complementary therapies.
OTC Herbal:
OTC herbal is a new term in the market which stands for Over-the-Counter Herbal. It includes all herbs, roots, and plants that are used for healing purposes without any medical prescription. OTC herbal products include tablets, capsules, and powders as well as oils. These can be used by people of all ages but they must comply with the regulations set by each country's government.
Traditional Medicine:
Traditional medicine is the knowledge of healing through medicinal plants, herbs, and other such natural resources by using various techniques. It's a system of healthcare that has been used for thousands of years. The practice of traditional medicine is not only limited to the people living in rural areas but also to those who are urban and belong to different cultural groups.
Application Insights:
Based on the application, the global market is segmented into detoxification medicine, antipyretic medicine, digestive medicines, blood circulation medicines and others. The OTC herbal and traditional medicines are widely used for treating various diseases related to each of these applications. In 2017, the OTC herbal and traditional medicines were majorly used for treating detoxification disorders which accounted for over 40% of total revenue generated by this industry globally.
The blood circulation medicine segment is expected to witness significant growth in near future owing to increasing incidences of heart diseases along with other circulatory system disorders such as stroke and heart attack that often require medical attention at an early stage when they occur. This has led manufacturers across the globe to develop products specifically designed for use in case of emergencies only thus generating higher revenue compared with regular commercial practices where a disease state requires continuous treatment over a longer period thereby driving growth further.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 30.0% in 2017. This is attributed to growing consumer awareness regarding the benefits of traditional medicines and increasing R&D activities for development of new products. Moreover, presence or adoption of regulatory bodies that monitor herbal and traditional medicine products is also expected to drive growth over the forecast period. Increasing demand for natural-based pharmaceuticals due to growing consumer preference coupled with rising prevalence Osteoarthritis, rheumatoid arthritis, gout among other conditions has further propelled growth in this region.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to high unmet medical needs coupled with rapidly improving healthcare infrastructure especially in emerging countries such as China & India which are major consumers as well as producers across this region including ASEAN nations Indonesia, Malaysia Thailand Philippines Vietnam China & Japan).
Growth Factors:
- Increasing awareness about the benefits of traditional and herbal medicines among consumers.
- Rising demand for natural and organic products across the globe.
- Growing popularity of complementary and alternative medicine therapies.
- Proliferation of online retail channels for selling traditional and herbal medicines products.
Scope Of The Report
Report Attributes
Report Details
Report Title
OTC Herbal and Traditional Medicines Market Research Report
By Type
OTC Herbal, Traditional Medicine
By Application
Detoxification Medicine, Antipyretic Medicine, Digestive Medicine, Blood Circulation Medicine
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global OTC Herbal and Traditional Medicines Market Report Segments:
The global OTC Herbal and Traditional Medicines market is segmented on the basis of:
Types
OTC Herbal, Traditional Medicine
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
Detoxification Medicine, Antipyretic Medicine, Digestive Medicine, Blood Circulation Medicine
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 OTC Herbal and Traditional Medicines 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:
- OTC Herbal
- Traditional Medicine
- By Application:
- Detoxification Medicine
- Antipyretic Medicine
- Digestive Medicine
- Blood Circulation Medicine
- 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 OTC Herbal and Traditional Medicines 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.
How you may use our products:
- 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?
OTC herbal and traditional medicines are products that are not typically prescribed by a doctor, but can be purchased over the counter. These products may include supplements, herbs, and other natural remedies.
Some of the major companies in the otc herbal and traditional medicines 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 otc herbal and traditional medicines market is expected to register a CAGR of 6.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. OTC Herbal and Traditional Medicines 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. OTC Herbal and Traditional Medicines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. OTC Herbal and Traditional Medicines Market - Supply Chain
4.5. Global OTC Herbal and Traditional Medicines Market Forecast
4.5.1. OTC Herbal and Traditional Medicines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. OTC Herbal and Traditional Medicines Market Size (000 Units) and Y-o-Y Growth
4.5.3. OTC Herbal and Traditional Medicines Market Absolute $ Opportunity
5. Global OTC Herbal and Traditional Medicines 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. OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
5.3.1. OTC Herbal
5.3.2. Traditional Medicine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global OTC Herbal and Traditional Medicines 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. OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
6.3.1. Detoxification Medicine
6.3.2. Antipyretic Medicine
6.3.3. Digestive Medicine
6.3.4. Blood Circulation Medicine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global OTC Herbal and Traditional Medicines 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. OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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. OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Demand Share Forecast, 2019-2026
9. North America OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
9.4.1. Detoxification Medicine
9.4.2. Antipyretic Medicine
9.4.3. Digestive Medicine
9.4.4. Blood Circulation Medicine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
9.7.1. OTC Herbal
9.7.2. Traditional Medicine
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 OTC Herbal and Traditional Medicines Demand Share Forecast, 2019-2026
10. Latin America OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
10.4.1. Detoxification Medicine
10.4.2. Antipyretic Medicine
10.4.3. Digestive Medicine
10.4.4. Blood Circulation Medicine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
10.7.1. OTC Herbal
10.7.2. Traditional Medicine
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 OTC Herbal and Traditional Medicines Demand Share Forecast, 2019-2026
11. Europe OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
11.4.1. Detoxification Medicine
11.4.2. Antipyretic Medicine
11.4.3. Digestive Medicine
11.4.4. Blood Circulation Medicine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
11.7.1. OTC Herbal
11.7.2. Traditional Medicine
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 OTC Herbal and Traditional Medicines Demand Share, 2019-2026
12. Asia Pacific OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
12.4.1. Detoxification Medicine
12.4.2. Antipyretic Medicine
12.4.3. Digestive Medicine
12.4.4. Blood Circulation Medicine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
12.7.1. OTC Herbal
12.7.2. Traditional Medicine
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 OTC Herbal and Traditional Medicines Demand Share, 2019-2026
13. Middle East & Africa OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines 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 OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Application
13.4.1. Detoxification Medicine
13.4.2. Antipyretic Medicine
13.4.3. Digestive Medicine
13.4.4. Blood Circulation Medicine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa OTC Herbal and Traditional Medicines Market Size and Volume Forecast by Type
13.7.1. OTC Herbal
13.7.2. Traditional Medicine
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 OTC Herbal and Traditional Medicines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global OTC Herbal and Traditional Medicines Market: Market Share Analysis
14.2. OTC Herbal and Traditional Medicines Distributors and Customers
14.3. OTC Herbal and Traditional Medicines 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
