Press release
Herbal Medicine Market Expected to Soar to USD 879.65 Billion, Boasting a 20.5% Annual Growth Rate By 2032 | Schaper & Brรผmmer, Hishimo Pharmaceuticals, Blackmores Ltd.
Polaris Market Research has recently published its latest analysis titled "Herbal Medicine Market." The report reveals that the market for herbal medicine was valued at USD 164.22 billion in 2023. The market is projected to grow to USD 879.65 billion by 2032, exhibiting a CAGR of 20.5% during the forecast period.The surging aggregate of several kinds of illnesses is expected to reinforce the industry development rate in the course of the prognosis period. Moderately low prices of these commodities and structuring excessive value for customers are essentially reinforcing the advancement of the market size. Moreover, the consciousness of the commodities among consumers covering the globe will additionally push the commodity growth rate, which in turn will behave positively for herbal medicine market growth. Also, as per the National Center for Biotechnology Information 2015, the World Health Organization (WHO) declared that roughly 70% to 80% of the global population are reliant on herbal sources for their cure.
๐๐ฅ๐ข๐๐ค ๐ญ๐จ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ซ๐ข๐ฏ๐ ๐๐ฆ๐ฉ๐๐๐ญ๐๐ฎ๐ฅ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/herbal-medicine-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Herbal medicine has its genesis in bygone cultures. It includes the medicinal usage of plants to cure illness and improve overall health and well-being. Some herbs have formidable components and should be consumed with a simultaneous degree of awareness as pharmaceutical medication. Several pharmaceutical medications are dependent on synthetic varieties of organically transpiring compounds detected in plants. For instance, the heart medicine digitalis stemmed from the foxglove plant. Herbal medicines carry functional components. The functional ingredients of several herbal compositions are as yet not known. Some pharmaceutical medications are dependent on a solitary functional component stemming from a plant source. Exponents of herbal medicine accept that a functional component can lose its influence or become less secure if utilized in separation from the remainder of the plant.
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐
The industry contenders play a part in commodity advancement and invention as well as augmenting their footprint. For instance, in December 2017, Himalaya Global Holdings Ltd. instigated herbal medicine known as Oro-T, an enhanced mouth-rinsing commodity for cancer patients. Some of the companies which are currently dominating the herbal medicine market are:
โข Arizona Natural Products
โข Dasherb Corp
โข Venus Pharma GmbH
โข Himalaya Global Holdings Ltd.
โข ZeinPharma Germany GmbH
โข Schaper & Brรผmmer
โข Hishimo Pharmaceuticals
โข Blackmores Ltd.
โข BEOVITA
โข Bayer AG
โข Dr. Willmar Schwable India Pvt. Ltd.
โข Dabur
โข Patanjali Ayurved Ltd
โข Arkopharma
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.polarismarketresearch.com/buy/447/2
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
โข Rising Health Awareness: Increased consumer awareness of the health benefits of natural products drives demand for herbal medicines.
โข Chronic Disease Prevalence: Growing incidence of chronic diseases such as diabetes, cardiovascular disorders, and arthritis boosts the need for alternative treatments.
โข Cultural and Traditional Acceptance: Long-standing cultural practices and traditional acceptance of herbal medicines in various regions support market growth.
โข Research and Development: Advancements in scientific research validating the efficacy and safety of herbal medicines enhance market credibility and consumer trust.
โข Regulatory Support: Favorable regulatory frameworks and increased government support for herbal medicine research and development encourage market expansion.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy)
โข Asia Pacific (Japan, China, India, Thailand)
โข Latin America (Mexico, Brazil, Chile)
โข MEA (UAE, Saudi Arabia, South Africa)
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/herbal-medicine-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐ฒ ๐๐๐ญ๐๐ ๐จ๐ซ๐ฒ
โข Herbal Pharmaceuticals
โข Herbal Functional Foods
โข Herbal Dietary Supplements
โข Herbal Beauty Products
๐๐ฒ ๐ ๐จ๐ซ๐ฆ
โข Tablets & Capsules
โข Powders
โข Extracts
โข Syrups
โข Others
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
โข Leaves
โข Roots and barks
โข Fruits
โข Whole plants
โข Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
โข Hospitals & Retail Pharmacies
โข E-commerce
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ข๐๐-๐ซ๐๐ง๐ ๐ข๐ง๐ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐จ๐ ๐๐๐'๐ฌ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐๐ฅ๐ข๐ง๐ข๐๐๐ฅ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/eclinical-solutions-market
๐๐ฅ๐ญ๐ซ๐๐ฌ๐จ๐ฎ๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
https://www.polarismarketresearch.com/industry-analysis/ultrasound-devices-market
๐๐๐ฆ๐จ๐๐ฒ๐ง๐๐ฆ๐ข๐ ๐๐จ๐ง๐ข๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-hemodynamic-monitoring-devices-market
๐๐๐๐ ๐๐ง๐ ๐๐๐๐ค ๐๐๐ง๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/global-head-and-neck-cancer-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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