Herbal Medicine Market size reached USD 185.86 billion in 2020. The market valuation is set to rise from USD 203.03 billion in 2021 to USD 430.05 billion in 2028 at a CAGR of 11.32% during the projected period.
Herbal medications are nutritional supplements made from various plant parts such as leaves, bark, seeds, berries, and roots. Herbal medications come in a variety of dose forms, including pills, extracts, dried herbs, and others. The market is being driven by an increase in the prevalence of liver and heart illnesses. Individuals’ lack of knowledge about the usage and dose of herbal medications, on the other hand, is impeding market expansion. Furthermore, recent technical breakthroughs and increased R&D expenditure in the healthcare industry present profitable prospects for key market participants.
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Global Herbal Medicines Market: Top Key Players
Potter’s
Herbal Africa
Nature Herbs
Zhongxin
Kunming Pharma
Tsumura
Tongrentang
Weleda
Blackmores
Haiyao
Guangzhou Pharma
JZJT
Imperial Ginseng
Arizona Natural
Nature’s Answer
SIDO MUNCUL
Zand
Yunnan Baiyao
Sanjiu
Schwabe
Taiji
TASLY
Dabur
Madaus
Arkopharma
Bio-Botanica
Global Herbal Medicines Market: By Types
Medicinal Part
Medicine Function
Active Ingredient
Global Herbal Medicines Market: By Applications
Western Herbalism
Traditional Chinese Medicine
Others
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
This Market report provides experts analysis, strategies, insights, scope and upcoming trends with different type and applications. This market report also provides tables and figures for good understanding of data. Different data like industry segment, channel segment and many more segment data covered in this report. The aim of this report is to give advice and awareness to businesses interested in this Market.
What’s Included in the Report –
- Herbal Medicine Market size and growth projections, 2022- 2030
- Herbal Medicine Market size, share, and growth projections across regions and countries, 2022- 2030
- Herbal Medicine Market size and CAGR of key products, applications, and end-user verticals, 2022- 2030
- Short and long term Herbal Medicine Market trends, drivers, restraints, and opportunities
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest Herbal Medicine market news and developments
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FAQs:
- What is the driving factor for the growth of the Herbal Medicines market?
- How will the COVID-19 pandemic impact the demand and consumption of the Herbal Medicines market?
- What is the major application area of the Herbal Medicines market?
- Who are the Herbal Medicines manufacturers across the globe?
- Which geographical location is dominant in the Herbal Medicines market?
- Which are the top industry players in the Herbal Medicines market?
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