Herbal Medicine Market Size

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Herbal Medicine Market Size, Share, Growth, Analysis, Trends,
and Forescast to 2024 | Hexa Research
“The global herbal medicine market size was valued at USD 71.19
billion in 2016 and is expected to exhibit profitable growth over the
forecast period.”
22 November 2018 The global Herbal Medicine Market is expected to reach USD 117.02 billion by 2024, driven by rising
popularity of herbal therapeutics compared to conventional drugs. The market for herbal medicines and
remedies is anticipated to record profitable growth due to their cost-effectiveness as compared to allopathic
ones.
In 2016, Europe was the largest market for traditional medicines, contributing to 40.8% of the share and is
expected to retain its leadership during the forecast period due to shifting from conventional drugs to herbal
products. Fewer side effects and low toxicity compared to allopathy products are expected to provide a
competitive advantage over other medicines in the market. Additionally, ready acceptance of herbal products
owing to its benefits is the key factor for market growth and is expected to play a significant role in future.
Increased preference of complementary and alternative medicine (CAM) among others has resulted in the
growth of herbal medicines in Asia Pacific. Asia Pacific is expected to record the fastest CAGR of 6.8% over
the forecast period. Furthermore, Europe is anticipated to generate maximum revenue over the forecast
period due to increasing awareness created by various associations such as Association for Natural Medicine
in Europe (AIME).
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Concerning product segment, tablets & capsules are expected to witness the fastest growth owing to
increasing acceptance of tablets over extracts and powders. Furthermore, properties such as high dose
accuracy essential for optimum therapeutic effect will, in turn, promote the herbalism market grow th. The
extracts segment is expected to grow at a lucrative rate as they show an immediate therapeutic effect on
administration.
For instance, in geriatric patients, extracts and other liquid dosage forms are preferred for administration as
tablets show delayed therapeutic effect. Furthermore, extracts provide high potency as they possess only the
active ingredients and no fillers which are present in tablets & capsules.
The rigorous focus on developing better extraction and purification techniques by herba l medicine
manufacturers is expected to fuel the market. Furthermore, respective governments are also introducing
several strategies to promote the uptake of herbal medicine market. For instance, in July 2017, the Chinese
Ministry of Science and Technology invested USD 12.5 million for development of herbal treatments for the
treatment of cancer and HIV/AIDS.
Hexa Research has segmented the global herbal medicine market based on Product, Indication, and region:
Segmentation by Product, 2014 - 2024 (USD Billion)
• Tablets & Capsules
• Powders
• Extracts
• Others
Segmentation by Indication, 2014 - 2024 (USD Billion)
• Digestive Disorders
• Respiratory Disorders
• Blood Disorders
• Others
Segmentation by Region, 2014 - 2024 (USD Billion)
• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
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• Central & South America
• Middle East and Africa
Key Players Analyzed
• TSUMURA & CO.
• Dr. Willmar Schwabe India Pvt. Ltd.
• Blackmores
• NATURE'S ANSWER
• Arkopharma
• Arizona Natural Products
• Herbal Africa
• Bio Botanica, Inc.
• Sidomuncul
• Nature Herbs
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Table of Contents of Herbal Medicine Market:
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Global Herbal Medicine Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.2.1. Raw material trend
2.2.2. Technology trend
2.2.3. Supplier trend
2.2.4. Buyer trend
2.2.5. Regulatory trend
2.3. Market drivers
2.4. Market restraints
2.5. Opportunity Assessment
2.6. Value chain analysis
2.7. PESTEL Analysis
2.8. Porter's Five Forces analysis
2.9. SWOT
Chapter 3. Global Herbal Medicine Market Trends, By Product
3.1. Global herbal medicine market movement, by product, 2016 & 2024
3.1.1. Tablets & Capsules
3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.2. Powders
3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.3. Extracts
3.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.4. Others
3.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 4. Global Herbal Medicine Market Trends, By Indication
4.1. Global herbal medicine market movement, by indication, 2016 & 2024
4.1.1. Digestive Disorders
4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
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4.1.2. Respiratory Disorders
4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.3. Blood Disorders
4.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 5. Global Herbal Medicine Market Trends, By Region
5.1. Global Herbal Medicine market movement, by region, 2016 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.1.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.1.1.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.2.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.1.2.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
5.1.3. Asia-Pacific
5.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.3.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.1.3.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
5.1.4. Central & South America
5.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.4.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.1.4.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
5.1.5. Middle East & Africa
5.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.5.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.1.5.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
Chapter 6. Key Country Markets
6.1. U.S.
6.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.1.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
6.1.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
6.2. Germany
6.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.2.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
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6.2.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
6.3. China
6.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.3.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
6.3.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
6.4. India
6.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
6.4.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
6.4.3. Market estimates and forecast, by indication, 2014 - 2024 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Vendor landscape analysis, 2016
7.2. Strategic framework
7.3. Potential customer base concentration
7.4. Company market positioning
7.5. Company profiles
7.5.1. TSUMURA & CO.
7.5.1.1. Company Overview
7.5.1.2. Financial Performance
7.5.1.3. Product Benchmarking
7.5.1.4. SWOT
7.5.1.5. Recent Initiatives
7.5.1.6. Future Outlook and Strategies
7.5.2. Dr. Willmar Schwabe India Pvt. Ltd.
7.5.2.1. Company Overview
7.5.2.2. Financial Performance
7.5.2.3. Product Benchmarking
7.5.2.4. SWOT
7.5.2.5. Recent Initiatives
7.5.2.6. Future Outlook and Strategies
7.5.3. Blackmores Limited
7.5.3.1. Company Overview
7.5.3.2. Financial Performance
7.5.3.3. Product Benchmarking
7.5.3.4. SWOT
7.5.3.5. Recent Initiatives
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7.5.3.6. Future Outlook and Strategies
7.5.4. NATURE’S ANSWER
7.5.4.1. Company Overview
7.5.4.2. Financial Performance
7.5.4.3. Product Benchmarking
7.5.4.4. SWOT
7.5.4.5. Recent Initiatives
7.5.4.6. Future Outlook and Strategies
7.5.5. Arkopharma
7.5.5.1. Company Overview
7.5.5.2. Financial Performance
7.5.5.3. Product Benchmarking
7.5.5.4. SWOT
7.5.5.5. Recent Initiatives
7.5.5.6. Future Outlook and Strategies
7.5.6. Arizona Natural Products
7.5.6.1. Company Overview
7.5.6.2. Financial Performance
7.5.6.3. Product Benchmarking
7.5.6.4. SWOT
7.5.6.5. Recent Initiatives
7.5.6.6. Future Outlook and Strategies
7.5.7. Bio-Botanica Inc.
7.5.7.1. Company Overview
7.5.7.2. Financial Performance
7.5.7.3. Product Benchmarking
7.5.7.4. SWOT
7.5.7.5. Recent Initiatives
7.5.7.6. Future Outlook and Strategies
7.5.8. Herbal Africa
7.5.8.1. Company Overview
7.5.8.2. Financial Performance
7.5.8.3. Product Benchmarking
7.5.8.4. SWOT
7.5.8.5. Recent Initiatives
7.5.8.6. Future Outlook and Strategies
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7.5.9. Sidomuncul
7.5.9.1. Company Overview
7.5.9.2. Financial Performance
7.5.9.3. Product Benchmarking
7.5.9.4. SWOT
7.5.9.5. Recent Initiatives
7.5.9.6. Future Outlook and Strategies
7.5.10. Nature Herbs
7.5.10.1. Company Overview
7.5.10.2. Financial Performance
7.5.10.3. Product Benchmarking
7.5.10.4. SWOT
7.5.10.5. Recent Initiatives
7.5.10.6. Future Outlook and Strategies
Chapter 8. Methodology and Scope
8.1. Research methodology
8.2. Research Scope & Assumptions
8.3. List of data sources
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The global herbal medicine market is expected to reach USD 117.02 billion by 2024

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