Global Herbal Medicinal Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Herbal Medicinal Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global herbal medicinal products market report has been segmented as per dosage form, sales channel, and region.
Global Herbal Medicinal Products Market: Overview
The herbal medicinal products are prepared from herbal plants and these plants consist several natural ingredients such as alkaloids, polysaccharides, glycosides, phenols, resins, and, terpenoids. Herbal medicinal products provide effective results in many healthcare treatments. Also, these products are considered safe for pregnant women. The herbal medicinal products are available in various forms such as oils, powder, ointments, syrup, and capsules/ tablets.
Global Herbal Medicinal Products Market: Dynamics
Increasing concerns related with side effects of allopathic medicines among individuals and rising preference for herbal treatments among patients suffering from various healthcare conditions are key factors driving growth of the global market over the forecast period. In addition, increasing advertising of herbal medicinal products and treatments across the globe resulting in growing demand for herbal medicinal products is another factor expected to support growth of the target market.
Growing preference for herbal medicinal products to cure various medical disorders such as kidney disorders, influenza, and digestive problems across the globe is another factor expected to boost growth of the global market during the forecast period. In addition, rising government support for several Ayurveda medicines, homeopathic medicines, and aromatherapy across the globe is another key factor expected to fuel growth of the global herbal medicinal products market.
Furthermore, improvements in healthcare sector in emerging countries and increasing adoption of herbal products for manufacturing various drugs in drug manufacturers are major factors expected to proliferate growth of the global market in the next 10 years.
However, availability of allopathic medicines in the market and less awareness about herbal therapeutics and treatments among individuals across the globe are key factors expected to hamper growth of the global market. In addition, stringent regulations regarding raw material sources is another factor may hamper growth of the global market to a certain extent.
Global Herbal Medicinal Products Market: Segment Analysis
Among the dosage form, the capsules and tablets segment is expected to witness significant growth in the global herbal medicinal products market, owing to easy storage and supply of capsule and tablet form medicines. In addition, these tablet form help to provide high dosage accuracy is another factor expected to support growth of this segment.
Global Herbal Medicinal Products Market: Region Analysis
The market in Europe dominates in the global market in terms of revenue followed by the market in the Asia Pacific, owing to high awareness about benefits of herbal medicinal products and treatments among individuals. In addition, wide availability of raw materials in countries such as India, China, and Japan in these regions is another factor supporting growth of the target market in these region. Market in North America is expected to witness average growth in the global market, owing to increasing awareness about aromatherapy products, homeopathic and Ayurveda medicines and treatments among healthcare professionals in countries in the region.
Global Herbal Medicinal Products Market Segmentation:
Segmentation by dosage form:
- Capsules and Tablets
- Others (Oils and Powder)
Segmentation by sales channel:
- Retail Pharmacies
- Hospital Pharmacies
Segmentation by application:
- Food and Beverages
- Personal care
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- ARKOPHARMA Laboratories, Company Limited
- Bio-Botanica Inc.
- Nature's Answer, Inc.
- Sanofi-Aventis Healthcare Pty Ltd
- Tsumura & Co.
- Ricola AG
- Young Living Essential Oils LC
- Schwabe International Gmbh
- Madaus Pharma S.A.
- Blackmores Limited
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