Global Herbal Medicine Market Expanding at 6.80% CAGR During 2017-2025

Herbal medicines has been in practice for over thousands of years. But only after the advent of social media and information age, herbal medicine information & benefits has been...

Herbal medicines has been in practice for over thousands of years. But only after the advent of social media and information age, herbal medicine information & benefits has been passed on to people all over the world. Moreover, the huge capital investment and low success rate in the R&D of drugs, the pharmaceutical researchers are witnessed to have been using herbal extracts or botanical sources for drug discovery. Thus the expansion of pharmaceutical herbal extracts market is driving the growth of herbal medicine market. On the other hand, nutraceuticals market is witnessed to have positive impact on the growth of herbal medicine market, as the Nutraceuticals work as a dietary supplement for the treatment of chronic diseases and thus has helping hand in the performance of herbal medicines.

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Market Segmentation

On the basis of our in-depth analysis, Global Herbal Medicine Market can be segmented as follows:

By Product Type

  • Tablets & Capsules
  • Powders
  • Extracts
  • Others

By Source

  • Vegetables
  • Fruits
  • Spices
  • Other Herbs

By Application

  • Western Herbalism
  • Traditional Chinese Herbalism
  • Ayurveda
  • Homeopathy

By Region

  • North America Herbal Medicine Market Analysis, 2017-2025
  • Europe Herbal Medicine Market Analysis, 2017-2025
  • Middle East And Africa Herbal Medicine Market Analysis, 2017-2025
  • Latin America Herbal Medicine Market Analysis, 2017-2025
  • Asia Pacific Herbal Medicine Market Analysis, 2017-2025

Global Herbal Medicine Market is driving on the basis of advancement in branches of healthcare mentioned below:

Basil Extracts Market 

Basil is a medicinal and culinary herb belonging to the Lamiaceae family. Basil is known for its aroma and medicinal benefits. The global basil extracts market size is set to reach USD 1.4 billion by 2024, growing at a CAGR of 6.40% over the forecast years. The growth in basil production, advanced technology to extract variants of basil, its application in new areas, along with and the people preference towards adapting herbal products will lead the global basil extracts market to grow at a significant rate.

Herbal Extracts Market

Global herbal extracts market has been growing at a continuous pace because of its various health benefits and increasing awareness about side effects of using chemical based products. The herbal extracts market size is set to reach USD 18 billion by 2024, growing at a CAGR of 7.09% over the forecast years. Based on geography, China Herbal Extracts Market nearly 33.7% market share in 2017 of the Asia Pacific herbal extracts market due to high consumption and production of herbal extracts and herbal products across the country

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“Global Herbal Medicine Market Outlook 2025” includes a comprehensive overview of the global herbal medicine market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, source, application and geography.

The Global Herbal Medicine Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities andinvestments. The comprehensive analysis of herbal medicine market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Our Global Herbal Medicine Market report comprises of the following key players:

TSUMURA & CO., Dr. Willmar Schwabe India Pvt. Ltd., Himalaya Drug Company, Blackmores, Tsumura, Schwabe, Madaus, Arkopharma, Sheng Chang Pharmaceutical Company, China Herbs Company, Nutraceutical International Corporation, Ricola AG, Zandu Pharmaceutical Works Ltd, Hamdard laboratories, Dabur, PatanjaliAyurved Ltd., Nature’s Answer, etc.

Further, Global Herbal Medicine Market Report encompasses the key factors driving the growth of market, opportunities in the market and the factors posing threats & challenges to the market. The herbal medicine market outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

 

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