Herbal Medicine Market: By Product Type(Tablets & Capsules, Powders, Extracts), By Source(Vegetables, Fruits, Spices), By Application(Western Herbalism, Traditional Chinese Herbalism, Ayurveda, Homeopathy)

Global Herbal Medicine Market Outlook 2017-2025

As per WHO, 25% of the drugs listed use one or other kind of herbs. Presence of herbal medicines has been for thousands of years. With the advent of social media and information age, people all over the world are better informed than ever. Environmental awareness and social conscience are at forefront of herbal medicine progress. Moreover, the rising popularity of organic, eco-friendly, sustainable and natural alternatives to the pharmaceuticals, as they are considered safer, more natural and healthier, is thus driving the growth of the market. Goldstein Research analyst forecast that the global herbal medicine industry is expected to grow at a CAGR of 6.80% during the 2017-2025 period to reach a market size of USD 128.7 billion by 2025. Asian countries such as India and China have the oldest and widest history of the application of herbal medicines. Even the European countries also have a huge application. In the current scenario, the European region i.e. western herbalism has the highest revenue share in the world total herbal medicine market. The advancing technology has developed medicines that are potent, quick acting and capable to provide symptomatic relief. But the trend is shifting towards the adoption of alternatives that provide more lasting and fundamental prevention and cure rather than only relief.

Global Herbal Medicine Market Segmentation

By Product Type

• Tablets & Capsules
• Powders
• Extracts
• Others

By Source

• Vegetables
• Fruits
• Spices
• Other Herbs

By Application

• Western Herbalism
• Traditional Chinese Herbalism
• Ayurveda
• Homeopathy

Based on application, western herbalism accounted for 45.2% market share in 2017 of total herbal medicine market, followed by traditional Chinese herbalism with 37.0% market share.

By Geography

• North America (U.S. & Canada)  Herbal Medicine  Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Herbal Medicine  Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Herbal Medicine  Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Herbal Medicine  Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Herbal Medicine  Market {Market Share (%), Market Size (USD Billion)}

Based on geography, Europe region accounted for largest revenue share in 2017 of the global Herbal medicine market. The European Herbal & Traditional Medicine Practitioners Association (EHTPA) are promoting the use of herbal medicines as an alternative and also the conducive environment for the production and supply of herbal medicines is positively impacting the growth of market in Europe. Growth of herbal medicine market in Asia Pacific has taken up the pace and is expected to grow at fastest CAGR of 7.4% over the forecast period. 

The expansion of Pharmaceutical Herbal Extracts Market is driving the growth of herbal medicine market. On the other hand, Nutraceuticals Market is witnessed to have positive impact on the growth of herbal medicine market, as the Nutraceuticals work as a dietary supplement for the treatment of chronic diseases and thus has helping hand in the performance of herbal medicines.

Covered In This Global Herbal Medicine Market Report              

The report covers the present ground scenario and the future growth prospects of the Herbal medicine market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Herbal Medicine Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global Herbal medicine market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Herbal Medicine Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Global Herbal medicine market report comprises of the following companies as the key players: TSUMURA & CO., Dr. Willmar Schwabe India Pvt. Ltd., Himalaya Drug Company, Blackmores, Tsumura, Schwabe, Madaus, Arkopharma, Sheng Chang Pharmaceutical Company, China Herbs Company, Nutraceutical International Corporation, Ricola AG, Zandu Pharmaceutical Works Ltd, Hamdard laboratories, Dabur, Patanjali Ayurved Ltd., NATURE'S ANSWER, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Herbal Medicine Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2017-18 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for global Herbal medicine market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the global Herbal medicine  market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects
• A complete overview on herbal medicine industry market size
• Global landscape of the herbal drugs market