Herbal Medicine Market (Source - Barks, Leaves, Roots, and Others; Application - Food and Beverages, Pharmaceuticals, and Others; Formulation Type - Syrups, Powder, Capsules and Tablets, and Others; Distribution Channel - Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Herbal Medicine Market (Source - Barks, Leaves, Roots, and Others; Application - Food and Beverages, Pharmaceuticals, and Others; Formulation Type - Syrups, Powder, Capsules and Tablets, and Others; Distribution Channel - Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: HC0249 Category: Healthcare & Medical Devices Published: December, 2022

A recent report published by Infinium Global Research on the herbal medicine market provides an in-depth analysis of segments and sub-segments in the global as well as regional herbal medicine market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional herbal medicine market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global herbal medicine market. According to the report, the global herbal medicine market is projected to grow at a significant CAGR over the forecast period of 2022-2028. 

Market Insight

Herbal medications are pharmaceuticals whose active components come from plant tissues like leaves, roots, or flowers. Although the products might be natural, they might not always be safe to use, thus it is advised that patients always let their doctors know about any herbal medications they are taking before having any major surgeries, operations, or other health concerns. Since herbal medications are widely accessible, there are a few things to think about before purchasing one at the drugstore. Although the items are renowned for their ability to improve immunity, several problems have been linked to their consumption. It also covers additional adverse effects and ailments including severe allergic responses. 

The demand for herbal medicinal goods has grown as people are becoming more aware of the side effects of allopathic medications and the advantages of using them instead. The expanding population, which is coupled with an increase in the prevalence of chronic diseases, is another factor impacting the market growth. The market expansion would be fueled by rising demand for herbal medications based on Ayurvedic and Unani teachings. The federal government's increased investment in encouraging the use of these items has a further impact on the market. The market for herbal medicines is also benefited from the rise in healthcare spending, improvements in infrastructure, and strong demand for extended care delivery. The regulatory authority’s lack of focus will, however, slow the market's growth rate. Additionally, a dearth of knowledge regarding herbal therapies would restrain market expansion. 


Herbal Medicine Market


The largest cosmetics industry in the world is in Europe, which is predicted to offer promising chances for new entrants from developing nations. The market for personal care and beauty goods is seeing a simultaneous increase in demand for natural ingredients, and this pattern is predicted to continue. Therefore the increasing demand from European nations, the region is expected to make a significant contribution to market growth during the forecast period. The market for health products in Europe is seeing a rise in the popularity of turmeric. It is used as a supplement and in medicinal goods to strengthen the immune, digestive, and overall health because of its anti-inflammatory and antioxidant characteristics. 

Segment Covered

The report on the global herbal medicine market covers segments such as source, application, formulation type, and distribution channel. On the basis of source, the sub-markets include barks, leaves, roots, and others. On the basis of application, the sub-markets include food and beverages, pharmaceuticals, and others. On the basis of formulation type, the sub-markets include syrups, powder, capsules and tablets, and others. On the basis of distribution channel, the sub-markets include hospital pharmacies, retail pharmacies, online pharmacies, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Bayer AG, Schaper & Brümmer, Venus Pharma GmbH, Himalaya Global Holdings Ltd., Arkopharma, Hishimo Pharmaceuticals Pvt. Ltd., Arizona Natural, Blackmores Limited, BEOVITA, and Patanjali Ayurved. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the herbal medicine market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.


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