Herbal Medicine Market Size is anticipated to reach USD 356 Billion at a CAGR of 10.9% by 2030 – Report by Market Research Future
Research Reports
Oct 19, 2022
Market overview:
The market research made on herbal medicine shows a valuation of USD 356 Billion during the forecast timeline which is till 2030 at a 10.9% CAGR.
The global herbal medicine market shows a report that MRFR has prepared. It states the increased demand for herbal medicine is amongst the expanding populace which is likely to be one significant factor that has been driving the market during the forecast timeline. The increased awareness of the benefits of herbal medicines is likely to be yet another salient reason which can result in a boost in the herbal medicine market in the coming timeline. Herbal medicine is said to be chemical-free and it is considered more prominent in the population and thus augmenting the herbal medicine market size in the prediction term. Also, it is said to be low in value. That is why; the industry is likely to have better momentum.
The increased research investment along with better herbal medicines functioning is likely to bring a better expansion of the market scope in the coming timeline. There has also been a Covid-19 pandemic crisis that offered some lucrative scope for this market which is likely to grow in a better manner. The pandemic crises that occurred because of Covid-19 had a huge impact on the market for global herbal medicine as the demand for such medicine has been surging and boosting immunity in a better manner.
The segment of herbal pharmaceuticals has also gained good traction in Covid-19 times because of its chemical-free nature. There are herbal medicines that are considered the common way to cure different illnesses.
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Market segmentation:
As per the research made, the bifurcation of the herbal medicines market is done into the distribution channel, category, source, medicinal plants, and form
As per the Distribution Channel:
As per the research made, the bifurcation of the herbal medicines market is done into-
- Hospital & retail pharmacies
- E-commerce
As per the Category:
As per the research made, the bifurcation of the herbal medicines market is done into-
- Herbal pharmaceuticals
- Herbal beauty products
- Herbal dietary supplements
- Herbal functional foods
As per the Source:
As per the research made, the bifurcation of the herbal medicines market is done into-
- Fruits
- Root & barks
- Leaves
- Whole plants
As per the Form:
As per the research made, the bifurcation of the herbal medicines market is done into-
- Syrups
- Powders
- Extracts
- Capsules & Tablets
As per the Type of Medicinal Plants
As per the research made, the bifurcation of the herbal medicines market is done into-
- Vaccinium Macrocarpon
- Curcuma Longa
- Actaea Racemose
- Allium Sativum
- Cocos Nucifera
- Aloe Vera
- Camellia Sinensis
- Echinacea
- Marrubium Vulgare
- Zingiber Officinale
- Cinnamomum spp
List of Key Players Covered in the Report:
Arkopharma,Bayer AG,BEOVITA,Hishimo Pharmaceuticals,Schaper & Brümmer,ZeinPharma Germany GmbH,Venus Pharma GmbH,Dasherb Corp.,Arizona Natural Products,Blackmores,Himalaya Global Holdings Ltd,Dr. Willmar Schwabe India Pvt. Ltd.
Regional classification:
The regional analysis has stated that the market of herbal medicines is dominated by Europe in the forecast timeline. The increased research for herbal medicine along with the rise in the investment in the market is showing a good growth of the same in the forecast timeline.
Industry news:
The herbal medicine market is quite fragmented because of different players’ presence and is likely to offer different market expansion opportunities.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/herbal-medicine-market-3250
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About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Information:
Contact us: Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
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