Global Medicinal Herbs Market, By Medicinal Plants Type (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum Spp, Allium Sativum), Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products, Herbal Dietary Supplements), Form (Extracts, Powders, Capsules and Tablets and Syrups), Source (Leaves, Root and Barks, Whole Plants, Fruits), Distribution Channel (Hospital and Retail Pharmacies and E-Commerce) - Industry Trends and Forecast to 2030.
Medicinal Herbs Market Analysis and Size
The increasing consumer’s preference towards traditional medicines and the less side-effect when compared to other form of medicines if taken for longer period are the major factors driving the global medicinal herbs market. The rise in the demand for organic and conventional herbs globally and increasing use of these medicines in the form of cosmeceuticals, medicinal tea, health supplement, nutritive jams, medicinal tea and others, the high usage of medicinal herbs in wide range of applications and increase in the number of research and development activities influence the global medicinal herbs market. The inclination towards the personal care products produced with natural or organic ingredients and the new product launch by manufacturers of these products innovating with new techniques influence the global medicinal herbs market.
Data Bridge Market Research analyzes that the global medicinal herbs market which was USD 165.66 billion in 2022, is expected to reach USD 347.50 billion by 2030, and is expected to undergo a CAGR of 11.16% during the forecast period 2023 to 2030. “Marrubium Vulgare ” dominates the medicinal plants type segment of the global medicinal herbs market owing to the increase in the importance of herbal medicine. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medicinal Herbs Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Medicinal Plants Type (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum Spp, Allium Sativum), Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products, Herbal Dietary Supplements), Form (Extracts, Powders, Capsules and Tablets and Syrups), Source (Leaves, Root and Barks, Whole Plants, Fruits), Distribution Channel (Hospital and Retail Pharmacies and E-Commerce)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East & Africa
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Market Players Covered
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Arizona Natural (U.S.), Arkopharma (France), Bio Botanica, Inc. (U.S), Bionorica SE (Germany), Gaia Herbs (U.S.), Glanbia PLC (Ireland), Herb Pharm (U.S.), Herbalife International of America, Inc..(U.S.), Hevert (U.S.), The Himalaya Drug Company (India), i-Health, Inc. (U.S.), Indfrag Biosciences (India)
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Market Opportunities
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Market Definition
Medicinal herbs refer to therapeutic systems which use plant materials and generally made up of several parts of plants including flowers, roots, seeds, leaves, oil and bark among others. Since ancient times, this is being used as a treatment for various diseases. Today, medicinal herbs have been enhanced with the new innovative methods and they are available in the form of powders, capsules, tablets and syrups plant extracts.
Global Medicinal Herbs Market Dynamics
Drivers
- Increasing Consumer’s Preference Towards Traditional Medicines
The less side-effect when compared to other form of medicines if taken for longer period are the major factors driving the medicinal herbs market. Increasing consumer’s preference towards traditional medicines is expected to act as a driver.
- Rise in the Demand for Organic and Conventional Herbs
The rise in the demand for organic and conventional herbs globally and increasing use of these medicines in the form of cosmeceuticals, medicinal tea, health supplement, nutritive jams, medicinal tea and others, the high usage of medicinal herbs in wide range of applications.
Opportunity
- Increase in the number of Research and Development
Increase in the number of research and development activities influence the global medicinal herbs market. The inclination towards the personal care products produced with natural or organic ingredients and the new product launch by manufacturers of these products innovating with new techniques influence the global medicinal herbs market.
Restraint/Challenge
- Strict Government Regulations
Strict regulations often require extensive documentation, adherence to specific procedures, and meticulous record-keeping. This places a significant compliance burden on healthcare distributors, requiring them to allocate resources, time, and expertise to ensure compliance with regulatory requirements. Non-compliance can lead to penalties, delays, and even suspension of distribution licenses.
Recent Development
- In June 2021, STADA expanded its European consumer healthcare portfolio by acquiring healthcare brands from Sanofi in key countries such as France, Germany, Poland and Spain
Global Medicinal Herbs Market Scope
The global medicinal herbs market is segmented on the basis of medicinal plants type, category, form, source and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Medicinal Plants Type
- Marrubium Vulgare
- Vaccinium Macrocarpon
- Echinacea
- Curcuma Longa
- Camellia Sinensis
- Actaea Racemose
- Aloe Vera
- Zingiber Officinale
- Cocos Nucifera
- Cinnamomum Spp
- Allium Sativum
Category
- Herbal Pharmaceuticals
- Herbal Functional Foods
- Herbal Beauty Products
- Herbal Dietary Supplements
Form
- Extracts
- Powders
- Capsules and Tablets
- Syrups
Source
- Leaves
- Root and Barks
- Whole Plants and Fruits
Distribution Channel
- Hospital
- Retail Pharmacies
- E-Commerce
Global Medicinal Herbs Market Regional Analysis/Insights
The global medicinal herbs market is analyzed and market size insights and trends are provided by country, medicinal plants type, category, form, source and distribution channel as referenced above.
The countries covered in the global medicinal herbs market report are the U.S., Canada, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa.
North America dominates the global medicinal herbs market because of the strong base of healthcare facilities, the strong presence of major players in the market, increasing inclination towards herbal medicines and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth in the global medicinal herbs market during the forecast period of 2023 to 2030 due to the increase in the government initiatives to promote awareness, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global medicinal herbs market also provides you with detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global medicinal herbs market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global healthcare distribution market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Medicinal Herbs Market Share Analysis
The global medicinal herbs market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global medicinal herbs market are:
- Arizona Natural (U.S.)
- Arkopharma (France)
- Bio Botanica, Inc.(U.S.)
- Bionorica SE (Germany)
- Gaia Herbs (U.S.)
- Glanbia PLC (Ireland)
- Herb Pharm (U.S.)
- Herbalife International of America, Inc.(U.S.)
- Hevert (U.S.)
- The Himalaya Drug Company (India)
- i-Health, Inc. (U.S.)
- Indfrag Biosciences (India)
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