Herbal medicines are a type of dietary supplements extracted from different parts of the plant such as leaves, bark, seeds, berries, and roots. Herbal medicines are available in various dosage forms such as tablets, extracts, dried plants, and others.
Increase in prevalence of liver and heart diseases drive the market. However, low awareness among individuals regarding the use and dosage of herbal medicines impede the market growth. Moreover, recent technological advancements and increase in R&D investment in healthcare sector create lucrative opportunities for key market players.
The global herbal medicines market is segmented based on product type, application, and geography. Based on product type, the market is divided into medicinal part, medicine function, and active ingredient. Based on application, the market is classified into western herbalism, traditional Chinese medicine, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as Bio-Botanica Inc., Blackmores, Dabur Ltd., Guangzhou Pharma Co, Haiyao Co., Ltd., Genius Nature Herbs Pvt Ltd, Nature's Answer, Inc., Potter's Herbals, PT Industri Jamu and Pharmaceutical Sido Muncul, and Tbk, Sanjiu Medical & Pharmaceutical Co., Ltd. are also provided in the report.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global herbal medicines market.
- In-depth analysis is conducted by constructing market estimations for key market segments between 2017 and 2023.
- This study that evaluates the competitive landscape and value chain is taken into account to help understand the competitive environment globally.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- This report provides the quantitative analysis of the current market and estimations from 2017 to 2023, which assists to identify the prevailing market opportunities.
- Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these regions.
Herbal Medicines Market Key Segments:
By Product Type
- Medicinal Part
- Medicine Function
- Active Ingredient
- Western Herbalism
- Traditional Chinese Medicine
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA