Herbal medicine market size to increase by USD 36,636.05 million: Asia to contribute 42% of market growth - Technavio

NEW YORK, Dec. 7, 2022 /PRNewswire/ -- The Herbal Medicine Market by Product, Distribution Channel and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 36,636.05 million at a CAGR of 5.96% between 2022 and 2027. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report

Regional Analysis

By region, the global herbal medicine market is segmented into Asia, North America, Europe, and the Rest of the World (ROW). Asia is estimated to contribute 42% to the growth of the global market over the forecast period. The rise in the demand for ayurvedic products such as extracts, dietary supplements, and personal care products and the increasing number of product launches driving the growth of the regional market.

Company Profiles

The herbal medicine market report includes information on the key products and recent developments of leading vendors, including:

• Arkopharma Laboratories - The company offers herbal medicine such as Arkofluides Articulations BIO.
• Blackmores Ltd. - The company offers herbal medicine such as milk thistle and tranquil night.
• Dabur India Ltd. - The company offers herbal medicine such as Dabur Honitus Cough Syrup and Dabur Honitus Madhuvaani.
• Dasherb Corp. - The company offers herbal medicine such as Organic Lalang Grass Rhizome P.E.
• Arizona Natural Products
• Beijing Tongrentang Co Ltd.
• Charak Pharma Pvt. Ltd.
• Dr. Willmar Schwabe GmbH & Co. KG
• To gain access to more vendor profiles available with Technavio, buy the report!

Market Dynamics

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

Competitive Analysis

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

Market Segmentation

• By product, the market is segmented into capsules and tablets, powders, extracts, syrups, and others. The capsules and tablets segment accounted for the largest share of the market in 2022.
• By geography, the market is segmented into Asia, North America, Europe, and the Rest of the World (ROW). Asia held the largest share of the market in 2022.

Related Reports:

• The natural acidity regulator market is estimated to grow at a CAGR of 7.1% between 2022 and 2027. The size of the market is forecast to increase by USD 1731.32 million. The growing demand for home food preservation is notably driving the natural acidity regulator market growth, although factors such as the adverse effects of acidulants may impede the market growth.
• The Brahmi market size is expected to increase to USD 86.51 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.06%. The low side effects are notably driving the Brahmi market growth, although factors such as inadequate knowledge about ayurvedic science in western countries may impede the market growth.

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What are the key data covered in this herbal medicine market report?

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will drive the growth of the herbal medicine market between 2023 and 2027
• Precise estimation of the size of the herbal medicine market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the herbal medicine market industry across Asia, North America, Europe, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive details of factors that will challenge the growth of herbal medicine market vendors

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global herbal medicine market 2017 - 2021
• Exhibit 18: Historic Market Size ? Data Table on Global herbal medicine market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size ? Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Capsules and tablets - Market size and forecast 2022-2027
• Exhibit 34: Chart on Capsules and tablets - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Capsules and tablets - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Capsules and tablets - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Capsules and tablets - Year-over-year growth 2022-2027 (%)

• 6.4 Powders - Market size and forecast 2022-2027
• Exhibit 38: Chart on Powders - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Powders - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Powders - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Powders - Year-over-year growth 2022-2027 (%)

• 6.5 Extracts - Market size and forecast 2022-2027
• Exhibit 42: Chart on Extracts - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Extracts - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Extracts - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Extracts - Year-over-year growth 2022-2027 (%)

• 6.6 Syrups - Market size and forecast 2022-2027
• Exhibit 46: Chart on Syrups - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Syrups - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Syrups - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Syrups - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product 
• Exhibit 54: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 55: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 57: Chart on Comparison by Distribution Channel
• Exhibit 58: Data Table on Comparison by Distribution Channel

• 7.3 Hospitals and retail pharmacies - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Hospitals and retail pharmacies - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Hospitals and retail pharmacies - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Hospitals and retail pharmacies - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Hospitals and retail pharmacies - Year-over-year growth 2022-2027 (%)

• 7.4 E-commerce - Market size and forecast 2022-2027 
• Exhibit 63: Chart on E-commerce - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on E-commerce - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on E-commerce - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on E-commerce - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 67: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
• Exhibit 85: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Arkopharma Laboratories 
• Exhibit 120: Arkopharma Laboratories - Overview
• Exhibit 121: Arkopharma Laboratories - Product / Service
• Exhibit 122: Arkopharma Laboratories - Key offerings

• 12.4 Beijing Tongrentang Co Ltd. 
• Exhibit 123: Beijing Tongrentang Co Ltd. - Overview
• Exhibit 124: Beijing Tongrentang Co Ltd. - Product / Service
• Exhibit 125: Beijing Tongrentang Co Ltd. - Key offerings

• 12.5 Bio Botanica Inc. 
• Exhibit 126: Bio Botanica Inc. - Overview
• Exhibit 127: Bio Botanica Inc. - Product / Service
• Exhibit 128: Bio Botanica Inc. - Key offerings

• 12.6 Blackmores Ltd. 
• Exhibit 129: Blackmores Ltd. - Overview
• Exhibit 130: Blackmores Ltd. - Business segments
• Exhibit 131: Blackmores Ltd. - Key offerings
• Exhibit 132: Blackmores Ltd. - Segment focus

• 12.7 Dabur India Ltd. 
• Exhibit 133: Dabur India Ltd. - Overview
• Exhibit 134: Dabur India Ltd. - Business segments
• Exhibit 135: Dabur India Ltd. - Key offerings
• Exhibit 136: Dabur India Ltd. - Segment focus

• 12.8 Dasherb Corp. 
• Exhibit 137: Dasherb Corp. - Overview
• Exhibit 138: Dasherb Corp. - Product / Service
• Exhibit 139: Dasherb Corp. - Key offerings

• 12.9 Dr. Willmar Schwabe GmbH and Co. KG 
• Exhibit 140: Dr. Willmar Schwabe GmbH and Co. KG - Overview
• Exhibit 141: Dr. Willmar Schwabe GmbH and Co. KG - Product / Service
• Exhibit 142: Dr. Willmar Schwabe GmbH and Co. KG - Key offerings

• 12.10 Emami Ltd. 
• Exhibit 143: Emami Ltd. - Overview
• Exhibit 144: Emami Ltd. - Product / Service
• Exhibit 145: Emami Ltd. - Key offerings

• 12.11 Hamdard Laboratories 
• Exhibit 146: Hamdard Laboratories - Overview
• Exhibit 147: Hamdard Laboratories - Product / Service
• Exhibit 148: Hamdard Laboratories - Key offerings

• 12.12 Himalaya Global Holdings Ltd. 
• Exhibit 149: Himalaya Global Holdings Ltd. - Overview
• Exhibit 150: Himalaya Global Holdings Ltd. - Product / Service
• Exhibit 151: Himalaya Global Holdings Ltd. - Key offerings

• 12.13 Hishimo Pharmaceuticals Pvt. Ltd. 
• Exhibit 152: Hishimo Pharmaceuticals Pvt. Ltd. - Overview
• Exhibit 153: Hishimo Pharmaceuticals Pvt. Ltd. - Product / Service
• Exhibit 154: Hishimo Pharmaceuticals Pvt. Ltd. - Key offerings

• 12.14 Ricola Group AG 
• Exhibit 155: Ricola Group AG - Overview
• Exhibit 156: Ricola Group AG - Product / Service
• Exhibit 157: Ricola Group AG - Key offerings

• 12.15 Schaper and Brummer GmbH and Co. KG 
• Exhibit 158: Schaper and Brummer GmbH and Co. KG - Overview
• Exhibit 159: Schaper and Brummer GmbH and Co. KG - Product / Service
• Exhibit 160: Schaper and Brummer GmbH and Co. KG - Key offerings

• 12.16 Sido Muncul 
• Exhibit 161: Sido Muncul - Overview
• Exhibit 162: Sido Muncul - Business segments
• Exhibit 163: Sido Muncul - Key offerings
• Exhibit 164: Sido Muncul - Segment focus

• 12.17 Weleda Group 
• Exhibit 165: Weleda Group - Overview
• Exhibit 166: Weleda Group - Business segments
• Exhibit 167: Weleda Group - Key offerings
• Exhibit 168: Weleda Group - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 13.5 List of abbreviations 
• Exhibit 175: List of abbreviations

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Jesse Maida
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SOURCE Technavio