Herbal Medicine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW
Herbal Medicine is a type of medicine that uses roots, stems, leaves, flowers, and seeds of plants Herbal medicine is the use of medicinal plants on the basis of traditional medicine. A type of medicine that uses roots, stems, leaves, flowers, or seeds of plants to improve health, prevent disease and treat illness. Herbs such as Chamomile, Echinacea, Feverfew, Garlic, Ginger, Gingko, Ginseng, and Goldenseal are some examples of herbal medicines.

MARKET SCOPE
The "Global Herbal Medicine Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Herbal Medicine market with detailed market segmentation by category, source, form, and distribution channel. The report provides key statistics on the market status of the leading Herbal Medicine market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on the category the market is segmented as, herbal pharmaceuticals, herbal functional foods, herbal dietary supplements, and herbal beauty products.
  
•   Based on the source the market is segmented as, leaves, roots and barks, fruits, whole plants, and others.
  
•   Based on form the market is segmented as, capsules and tablets, powders, extracts, syrups, and others.
  
•   Based on the distribution channel the market is segmented as, hospitals and retail pharmacies, and e-commerce.
  

MARKET DYNAMICS
Drivers:

•   Rising prevalence of heart, lung, liver, kidney, and other disorders.
  
•   Increasing preference for traditional medicines by consumers
  
•   Extensive R&D efforts by pharmaceutical and herbal medicine companies to make advanced herbal formulation is expected to fuel the market growth.
  
•   Rising cases of severe side effects in patients.
  

Restraints:

•   Long duration of treatment.
  
•   Whereas, high cost of some herbal medicines is expected to restrain the market growth during the forecast period.
  

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Herbal Medicine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the Herbal Medicine market in these regions.

IMPACT OF COVID-19 ON HERBAL MEDICINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Herbal Medicine Market Report Analysis

Herbal Medicine Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Bayer AG
• Arkopharma
• Venus Pharma GmbH
• Beovita
• Schaper and Brummer
• Zein Pharma Germany GmbH
• Arizona Natural Products
• Dasherb Corp.
• Hishimo Pharmaceuticals

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Category

• Herbal Pharmaceuticals
• Herbal Functional Foods
• Herbal Dietary Supplements
• Herbal Beauty Products

By Source

• Leaves
• Roots and Barks
• Fruits
• Whole Plants

By Form

• Capsules and tablets
• Powders
• Extracts
• Syrups

By Distribution Channel

• Hospitals and Retail Pharmacies
• E-commerce

MARKET PLAYERS
The report covers key developments in the Herbal Medicine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Herbal Medicine market are anticipated to lucrative growth opportunities in the future with the rising demand for Herbal Medicine in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Herbal Medicine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BAYER AG
  
•   ARKOPHARMA
  
•   VENUS PHARMA GMBH
  
•   BEOVITA
  
•   SCHAPER AND BRUMMER
  
•   ZEIN PHARMA GERMANY GMBH
  
•   ARIZONA NATURAL PRODUCTS
  
•   DASHERB CORP
  
•   HISHIMO PHARMACEUTICALS
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Herbal Medicine Market Report Scope