The Herbal Medicine market is expected to cross $210 Billion at a CAGR of 7.8 during the forecast period.
Herbal Medicine Market Overview
The market includes plant-based medicines used for treating various health conditions. Rising consumer preference for natural and traditional remedies drives market growth.
The Herbal Medicine market is driven by several factors, including:
2024 Market Trends: Key Insights and Predictions
Research on plant-based treatments
Herbal Medicine Market Restraints: An In-Depth Analysis for 2024
Growth Opportunities in the Herbal Medicine Market for 2024
Expansion into wellness industry
Key Challenges Facing the Herbal Medicine Market in 2024
Regulatory challenges
Herbal Medicine Market Segmentation
By Types, Herbal Medicine Market is segmented as:
- Ayurvedic
- Chinese Herbal
- Homeopathic
- Western Herbal
- Unani
Among these, the
By Applications, the Herbal Medicine Market is segmented as:
- Pharmaceuticals
- Skincare
- Nutrition
- Wellness
Of these, the
Herbal Medicine , by Region
On the geographical front, the Asia-Pacific Herbal Medicine industry size is touted to multiply at a robust pace over the forecast duration.
Competitive Landscape
Key Companies Profiled
- Himalaya
- Dabur
- Bio-Botanica
- Arkopharma
- Blackmores
- Schwabe
- Nature’s Way
- Herbalife
- Twinlab
- Tsumura
- Emerson Ecologics
- NBTY
- Ricola
- Bionorica
- Pharma Nord
- Weleda
- Zandu
- Sun Ten
- Herb Pharm
- Bioprex Labs
These companies are undertaking various expansion strategies such as new product development, partnerships, and acquisitions to improve their market share and cater to the growing demand for Herbal Medicine across the globe.
Herbal Medicine Report Scope:
Report Attribute | Details |
Growth Rate | 7.8 |
Base Year | 2024 |
Historical Data | 2020 |
Companies Covered | Himalaya, Dabur, Bio-Botanica, Arkopharma, Blackmores, Schwabe, Nature’s Way, Herbalife, Twinlab, Tsumura, Emerson Ecologics, NBTY, Ricola, Bionorica, Pharma Nord, Weleda, Zandu, Sun Ten, Herb Pharm, Bioprex Labs |
Segments Covered | Pharmaceuticals, Skincare, Nutrition, Wellness |
Types Covered | Ayurvedic, Chinese Herbal, Homeopathic, Western Herbal, Unani |
Customization Scope | *Free report customization with additional or alteration to country, regional or segment scope. |
Recent Developments in the Herbal Medicine Industry
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Chapter 1 Herbal Medicine Market Overview
1.1 Herbal Medicine Definition
1.2 Global Herbal Medicine Market Size Status and Outlook (2018-2032)
1.3 Global Herbal Medicine Market Size Comparison by Region (2018-2032)
1.4 Global Herbal Medicine Market Size Comparison by Type (2018-2032)
1.5 Global Herbal Medicine Market Size Comparison by Application (2018-2032)
1.6 Global Herbal Medicine Market Size Comparison by Sales Channel (2018-2032)
1.7 Herbal Medicine Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Herbal Medicine Market
Chapter 2 Herbal Medicine Market Competition by Player
2.1 Global Herbal Medicine Sales and Market Share by Player (2021-2023)
2.2 Global Herbal Medicine Revenue and Market Share by Player (2021-2023)
2.3 Global Herbal Medicine Average Price by Player (2021-2023)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Herbal Medicine Market Segment by Type
3.1 Global Herbal Medicine Market by Type
3.1.1 Detoxification Medicine
3.1.2 Antipyretic Medicine
3.1.3 Aigestant Medicine
3.1.4 Blood Circulation Medicine
3.1.5 Others
3.2 Global Herbal Medicine Sales and Market Share by Type (2018-2023)
3.3 Global Herbal Medicine Revenue and Market Share by Type (2018-2023)
3.4 Global Herbal Medicine Average Price by Type (2018-2023)
3.5 Conclusion of Segment by Type
Chapter 4 Herbal Medicine Market Segment by Application
4.1 Global Herbal Medicine Market by Application
4.1.1 Western Herbalism
4.1.2 Traditional Chinese Medicine
4.1.3 Others
4.2 Global Herbal Medicine Revenue and Market Share by Application (2018-2023)
4.3 Conclusion of Segment by Application
Chapter 5 Herbal Medicine Market Segment by Sales Channel
5.1 Global Herbal Medicine Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Herbal Medicine Revenue and Market Share by Sales Channel (2018-2023)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Herbal Medicine Market Segment by Region & Country
6.1 Global Herbal Medicine Market Size and CAGR by Region (2018-2032)
6.2 Global Herbal Medicine Sales and Market Share by Region (2018-2023)
6.3 Global Herbal Medicine Revenue and Market Share by Region (2018-2023)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Herbal Medicine Market Share by Type
6.4.3 North America Herbal Medicine Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Herbal Medicine Market Share by Type
6.5.3 Europe Herbal Medicine Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Herbal Medicine Market Share by Type
6.6.3 Asia-Pacific Herbal Medicine Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Herbal Medicine Market Share by Type
6.7.3 South America Herbal Medicine Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Herbal Medicine Market Share by Type
6.8.3 Middle East & Africa Herbal Medicine Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Herbal Medicine Players
7.1 Tsumura
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Schwabe
7.3 Madaus
7.4 Weleda
7.5 Blackmores
7.6 Arkopharma
7.7 SIDO MUNCUL
7.8 Arizona Natural
7.9 Dabur
7.10 Herbal Africa
7.11 Nature’s Answer
7.12 Bio-Botanica
7.13 Potter’s
7.14 Zand
7.15 Nature Herbs
7.16 Imperial Ginseng
7.17 Yunnan Baiyao
7.18 Tongrentang
7.19 TASLY
7.20 Zhongxin
7.21 Kunming Pharma
7.22 Sanjiu
7.23 JZJT
7.24 Guangzhou Pharma
7.25 Taiji
7.26 Haiyao
Chapter 8 Upstream and Downstream Analysis of Herbal Medicine
8.1 Industrial Chain of Herbal Medicine
8.2 Upstream of Herbal Medicine
8.3 Downstream of Herbal Medicine
Chapter 9 Development Trend of Herbal Medicine (2024-2032)
9.1 Global Herbal Medicine Market Size (Sales and Revenue) Forecast (2024-2032)
9.2 Global Herbal Medicine Market Size and CAGR Forecast by Region (2024-2032)
9.3 Global Herbal Medicine Market Size and CAGR Forecast by Type (2024-2032)
9.4 Global Herbal Medicine Market Size and CAGR Forecast by Application (2024-2032)
9.5 Global Herbal Medicine Market Size and CAGR Forecast by Sales Channel (2024-2032)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Herbal Medicine Example
Figure Global Herbal Medicine Revenue (Million $) Status and Outlook (2018-2032)
Figure Global Herbal Medicine Revenue (Million $) Comparison by Region (2018-2032)
Figure Global Herbal Medicine Revenue (Million $) Comparison by Type (2018-2032)
Figure Global Herbal Medicine Revenue (Million $) Comparison by Application (2018-2032)
Figure Global Herbal Medicine Revenue (Million $) Comparison by Sales Channel (2018-2032)
Table Global Herbal Medicine Sales by Player (2021-2023)
Table Global Herbal Medicine Sales Market Share by Player (2021-2023)
Figure Global Herbal Medicine Sales Market Share by Player in 2023
Table Global Herbal Medicine Revenue (Million $) by Player (2021-2023)
Table Global Herbal Medicine Revenue Market Share by Player (2021-2023)
Figure Global Herbal Medicine Revenue Market Share by Player in 2023
Table Global Herbal Medicine Average Price by Player (2021-2023)
Figure Global Herbal Medicine Average Price by Player in 2023
Figure Global Herbal Medicine Players Competition Situation – Top 5 Players’ Revenue Market Share in 2021
Figure Global Herbal Medicine Players Competition Trends – Top 5 Players’ Revenue Market Share in 2023
Figure Example of Detoxification Medicine
Figure Global Detoxification Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Antipyretic Medicine
Figure Global Antipyretic Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Aigestant Medicine
Figure Global Aigestant Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Blood Circulation Medicine
Figure Global Blood Circulation Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Others
Figure Global Others Revenue (Million $) and Growth Rate (2018-2023)
Table Global Herbal Medicine Sales by Type (2018-2023)
Table Global Herbal Medicine Sales Market Share by Type (2018-2023)
Figure Global Herbal Medicine Sales Market Share by Type in 2023
Table Global Herbal Medicine Revenue (Million $) by Type (2018-2023)
Table Global Herbal Medicine Revenue Market Share by Type (2018-2023)
Figure Global Herbal Medicine Revenue Market Share by Type in 2023
Table Global Herbal Medicine Average Price by Type (2018-2023)
Figure Global Herbal Medicine Average Price by Type in 2023
Table Leading Players of Herbal Medicine by Type in 2023
Figure Example of Western Herbalism
Figure Global Herbal Medicine for Western Herbalism Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Traditional Chinese Medicine
Figure Global Herbal Medicine for Traditional Chinese Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Others
Figure Global Herbal Medicine for Others Revenue (Million $) and Growth Rate (2018-2023)
Table Global Herbal Medicine Sales by Application (2018-2023)
Table Global Herbal Medicine Sales Market Share by Application (2018-2023)
Figure Global Herbal Medicine Sales Market Share by Application in 2023
Table Leading Consumers of Herbal Medicine by Application in 2023
Figure Example of Direct Channel
Figure Global Herbal Medicine for Direct Channel Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Distribution Channel
Figure Global Herbal Medicine for Distribution Channel Revenue (Million $) and Growth Rate (2018-2023)
Table Global Herbal Medicine Revenue by Sales Channel (2018-2023)
Table Global Herbal Medicine Revenue Market Share by Sales Channel (2018-2023)
Figure Global Herbal Medicine Revenue Market Share by Sales Channel in 2023
Table Leading Distributors/Dealers of Herbal Medicine by Sales Channel in 2023
Table Global Herbal Medicine Market Size and CAGR by Region (2018-2032)
Table Global Herbal Medicine Sales by Region (2018-2023)
Table Global Herbal Medicine Sales Market Share by Region (2018-2023)
Figure Global Herbal Medicine Sales Market Share by Region in 2023
Table Global Herbal Medicine Revenue (Million $) by Region (2018-2023)
Table Global Herbal Medicine Revenue Market Share by Region (2018-2023)
Figure Global Herbal Medicine Revenue Market Share by Region in 2023
Table North America Herbal Medicine Sales by Country (2018-2023)
Figure North America Herbal Medicine Sales Market Share by Country (2018-2023)
Table North America Herbal Medicine Revenue by Country (2018-2023)
Figure North America Herbal Medicine Revenue Market Share by Country (2018-2023)
Figure North America Herbal Medicine Market Share by Type in 2023
Figure North America Herbal Medicine Market Share by Application in 2023
Figure United States Herbal Medicine Sales and Growth Rate (2018-2023)
Figure United States Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Canada Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Canada Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Table Europe Herbal Medicine Sales by Country (2018-2023)
Figure Europe Herbal Medicine Sales Market Share by Country (2018-2023)
Table Europe Herbal Medicine Revenue by Country (2018-2023)
Figure Europe Herbal Medicine Revenue Market Share by Country (2018-2023)
Figure Europe Herbal Medicine Market Share by Type in 2023
Figure Europe Herbal Medicine Market Share by Application in 2023
Figure Germany Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Germany Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure UK Herbal Medicine Sales and Growth Rate (2018-2023)
Figure UK Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure France Herbal Medicine Sales and Growth Rate (2018-2023)
Figure France Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Italy Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Italy Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Spain Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Spain Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Russia Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Russia Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Table Asia-Pacific Herbal Medicine Sales by Country (2018-2023)
Figure Asia-Pacific Herbal Medicine Sales Market Share by Country (2018-2023)
Table Asia-Pacific Herbal Medicine Revenue by Country (2018-2023)
Figure Asia-Pacific Herbal Medicine Revenue Market Share by Country (2018-2023)
Figure Asia-Pacific Herbal Medicine Market Share by Type in 2023
Figure Asia-Pacific Herbal Medicine Market Share by Application in 2023
Figure China Herbal Medicine Sales and Growth Rate (2018-2023)
Figure China Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Japan Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Japan Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Korea Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Korea Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure India Herbal Medicine Sales and Growth Rate (2018-2023)
Figure India Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Southeast Asia Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Southeast Asia Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Australia Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Australia Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Table South America Herbal Medicine Sales by Country (2018-2023)
Figure South America Herbal Medicine Sales Market Share by Country (2018-2023)
Table South America Herbal Medicine Revenue by Country (2018-2023)
Figure South America Herbal Medicine Revenue Market Share by Country (2018-2023)
Figure South America Herbal Medicine Market Share by Type in 2023
Figure South America Herbal Medicine Market Share by Application in 2023
Figure Brazil Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Brazil Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Mexico Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Mexico Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Argentina Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Argentina Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Colombia Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Colombia Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Table Middle East & Africa Herbal Medicine Sales by Country (2018-2023)
Figure Middle East & Africa Herbal Medicine Sales Market Share by Country (2018-2023)
Table Middle East & Africa Herbal Medicine Revenue by Country (2018-2023)
Figure Middle East & Africa Herbal Medicine Revenue Market Share by Country (2018-2023)
Figure Middle East & Africa Herbal Medicine Market Share by Type in 2023
Figure Middle East & Africa Herbal Medicine Market Share by Application in 2023
Figure Turkey Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Turkey Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure UAE Herbal Medicine Sales and Growth Rate (2018-2023)
Figure UAE Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure Saudi Arabia Herbal Medicine Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Figure South Africa Herbal Medicine Sales and Growth Rate (2018-2023)
Figure South Africa Herbal Medicine Revenue (Million $) and Growth Rate (2018-2023)
Table Company Snapshot of Tsumura
Table Herbal Medicine Introduction of Tsumura
Table Herbal Medicine Sales, Price, Revenue, Gross Margin and Market Share of Tsumura (2021-2023)
Table Industrial Chain of Herbal Medicine
Table Leading Consumers of Herbal Medicine
Figure Global Herbal Medicine Sales and Growth Rate Forecast (2024-2032)
Figure Global Herbal Medicine Revenue and Growth Rate Forecast (2024-2032)
Table Global Herbal Medicine Market Size and CAGR Forecast by Region (2024-2032)
Table Global Herbal Medicine Market Size and CAGR Forecast by Type (2024-2032)
Table Global Herbal Medicine Market Size and CAGR Forecast by Application (2024-2032)
Table Global Herbal Medicine Market Size and CAGR Forecast by Sales Channel (2024-2032)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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