Herbal Medicine Market Size Expected to Grow by USD 39.52 Billion | 42% growth originally in Asia

0

NEW YORK, January 3, 2022 /PRNewswire/ — The global herbal medicine market sees substantial growth Asia. countries such as China, Japanand India are emerging as potential markets for herbal medicines. Millennials in the region show a significant demand for dietary and nutritional food products. Additionally, a growth in the number of self-reliant customers relying on the Internet for information on healthy diets and nutrition is resulting in a shift from medical diagnosis and treatment to the consumption of herbal medicines. Additionally, the rise of retail stores that sell herbal medicines is creating new growth opportunities for market players.

The latest market research report titled Herbal Medicine Market has been announced by Technavio, which has been proud to partner with Fortune 500 companies for over 16 years.

Technavio expects the global herbal medicine market to grow by $39.52 billion between 2021 and 2026, growing at a CAGR of 6.69% during the forecast period.

Purchase our full report to discover future growth opportunities and the exact variation of growth in the market.
Read our free sample before you buy

The Herbal Medicine Market report provides an overview of key trends, key growth drivers, and challenges impacting the overall market growth. The immune-boosting properties of herbal medicine are expected to positively impact the growth of the herbal medicine market over the forecast period. Many grasses are hostile to pathogens. This makes herbal remedies effective in fighting various germs including viruses, bacteria, worms and insects. Several studies conducted by researchers around the world have proven that herbal medicines are effective in improving the immune system and reducing the risk of developing various diseases and medical conditions. This coupled with growing awareness is driving the growth of the market.

Technavio analyzes the market by product (capsules and tablets, powders, extracts, syrups, and others) and geography (Asia, North America, Europeand MEA).

By product, capsules and tablets accounted for the maximum sales in the market in 2021. They are safe, inexpensively available and can be easily administered. Market growth in the segment is expected to be significant over the forecast period.

By geography, Asia will experience maximum growth. The region currently holds 42% of the global market share. The market will grow faster in Asia than in other regions.

This report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters.

Download our free sample for highlights on key growth drivers, trends, and performing segments of the global Herbal Medicines Market.

Companies cited

  • Arizona Naturals

  • Arkopharma Laboratories

  • Bio Botanique Inc.

  • Blackmore Ltd.

  • Dabur India Ltd.

  • Himalaya Global Holdings Ltd.

  • Hishimo Pharmaceuticals Pvt. ltd.

  • Ricola Ltd.

  • Schaper and Brummer GmbH and Co. KG

  • ZeinPharma Germany GmbH

Subscribe to our “Lite Plan” billed annually on $3000 to join a community, who are eligible to view 3 reports per month and download 3 reports per year.

Related reports:
Botanical and Plant-Derived Drugs Market by Type and Geography Forecast and Analysis 2021-2025

Vitamin K2 Market by Source and Geography – Forecast and Analysis 2022-2026

Scope of the herbal medicine market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 6.69%

Market Growth 2022-2026

$39.52 billion

Market structure

Fragmented

Annual growth (%)

6.01

Regional analysis

Asia, North America, Europe and MEA

Successful market contribution

Asia at 42%

Main consumer countries

United States, China, Japan, India and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Arizona Natural Products, Arkopharma Laboratories, Bio Botanica Inc., Blackmores Ltd., Dabur India Ltd., Himalaya Global Holdings Ltd., Hishimo Pharmaceuticals Pvt. Ltd., Ricola Ltd., Schaper and Brummer GmbH and Co. KG and ZeinPharma Germany GmbH

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Quote

Quote

Show original content to download multimedia:https://www.prnewswire.com/news-releases/herbal-medicine-market-size-to-grow-by-usd-39-52-bn–42-growth-to-originate-in-asia– technavio-301451238.html

SOURCETechnavio

Share.

Comments are closed.