Herbal Medicine Market Size Expected to Grow by USD 36,636.05 Million: Asia to Contribute 42% of Market Growth – Technavio

NEW YORK, December 7, 2022 /PRNewswire/ — The Herbal Medicine Market by Product, Distribution Channel and Geography – Forecast and Analysis 2023-2027 report was published by Technavio. The market size is expected to increase by $36,636.05 million at a CAGR of 5.96% between 2022 and 2027. The report provides a comprehensive analysis of regional growth opportunities, new product launches, latest trends and post-pandemic recovery of the global market. Download sample PDF report

Regional analysis

By region, the global herbal medicine market is segmented into Asia, North America, Europeand the Rest of the World (ROW). Asia It is estimated to contribute 42% to the growth of the global market over the forecast period. Rising demand for Ayurvedic products such as extracts, dietary supplements, and personal care products and growing number of product launches are driving the growth of the regional market.

Company Profiles

The Herbal Medicine market report includes information on key products and recent developments from major vendors including:

• Arkopharma Laboratories – The company offers herbal medicines such as Arkofluides Joints BIO.

• Blackmore Ltd. – The company offers medicinal plants such as milk thistle and quiet night.

• Dabur India Ltd. – The company offers herbal medicines such as Dabur Honitus Cough Syrup and Dabur Honitus Madhuvaani.

• Dasherb Corp. – The company offers medicinal plants such as PE organic Lalang grass rhizome

• Arizona Naturals

• Beijing Tongrentang Co Ltd.

• Charak Pharma Pvt. ltd.

• doctor Willmar Schwabe GmbH & Co. KG

• To access more supplier profiles available with Technavio, buy the report!

Market dynamics

The market is driven by factors such as improved immune system, low side effects and natural healing properties of herbal medicine. However, insufficient knowledge is hampering the growth of the market.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the companies’ financial performance over the past few years, growth strategies, product innovations, new product launches, investments, and market share growth, among others. Request a sample

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Market segmentation

• By product, the market is segmented into capsules & tablets, powders, extracts, syrups and others. Capsules and tablets segment accounted for the largest market share in 2022.

• By geography, the market is segmented into Asia, North America, Europeand the Rest of the World (ROW). Asia held the largest market share in 2022.

Related reports:

• The Natural Acidity Regulators Market is expected to grow at a CAGR of 7.1% between 2022 and 2027. The market size is expected to increase by $1731.32 million. The growing demand for home food preservation is notably driving the growth of the natural acidity regulators market, although factors such as the adverse effects of acidulants may hamper the growth of the market.

• The Brahmi market the size should increase up to $86.51 million from 2021 to 2026, and the growth momentum of the market will accelerate at a CAGR of 9.06%. Low side effects are particularly driving the growth of the Brahmi market, although factors such as insufficient knowledge about Ayurvedic science in western countries may hamper the growth of the market.

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What are the key data covered in this Herbal Medicine market report?

• Market CAGR over the forecast period 2023-2027

• In-depth information on the factors that will drive the growth of the Herbal Medicine Market between 2023-2027

• Accurate estimation of the Herbal Medicine market size and its contribution to the parent market.

• Accurate predictions on upcoming trends and changes in consumer behavior

• Herbal Medicine Market Industry Growth Across Asia, North America, Europeand the rest of the world (ROW)

• An in-depth analysis of the market competitive landscape and detailed vendor information

• Comprehensive details of factors that will challenge the growth of the Herbal Medicine Market vendors

Contents:

1. Summary

2 Market landscape

3 Market sizing

4 Historical market size

5 Five forces analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic landscape

10 drivers, challenges and trends

11 Supplier Landscape

12 Vendor Analysis

13 Appendix

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.

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