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Herbal Medicine Market Set to Reach USD 515.79 Billion by 2030

01-09-2025 01:26 PM CET | Health & Medicine

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Herbal Medicine Market

Herbal Medicine Market

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global herbal medicine market is experiencing substantial expansion, driven by increasing consumer preference for natural and plant-based remedies. Valued at approximately USD 233.31 billion in 2023, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 12%, reaching an estimated USD 515.79 billion by 2030.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/148333/

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The surge in demand for herbal medicines is attributed to growing awareness of their therapeutic benefits, minimal side effects, and the global shift towards sustainable and organic healthcare solutions. Herbal medicines, derived from various plant parts such as seeds, roots, berries, leaves, and bark, are available in multiple forms, including dried plants, tablets, and extracts, catering to diverse consumer preferences.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The herbal medicine market is witnessing notable activities across various countries, marked by growth opportunities, emerging trends, and strategic consolidations:

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's herbal medicine market is expanding, driven by the country's rich biodiversity and traditional use of medicinal plants. The Vietnamese government is promoting the integration of herbal medicine into the national healthcare system, encouraging research and development in this sector.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is experiencing growth in its herbal medicine market, supported by government initiatives to promote traditional medicine and the country's rich heritage of herbal remedies. The Thai government's efforts to standardize and promote herbal products are creating opportunities for market expansion.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's herbal medicine market is characterized by the integration of traditional Kampo medicine into modern healthcare. The Japanese government supports the use of Kampo, and there is a growing trend towards combining herbal remedies with conventional treatments to enhance patient outcomes.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's herbal medicine industry is witnessing consolidation through strategic partnerships and mergers. Companies are investing in research and development to create innovative herbal products, aligning with the global trend towards natural health solutions.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is updating its regulatory framework to support the growth of the herbal medicine market. The Health Sciences Authority (HSA) is implementing guidelines to ensure the safety and efficacy of herbal products, fostering consumer confidence and market growth.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States is experiencing significant growth in the herbal medicine market, driven by increasing consumer demand for natural health products. The market is characterized by a diverse range of products and a competitive landscape, with companies focusing on product innovation and quality assurance.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe dominates the herbal medicine market, holding a market share of 44.82% in 2023. The region's rich tradition of herbal remedies, coupled with stringent regulatory standards, ensures high-quality products and consumer trust.

Herbal Medicine ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Food & Beverages
Personal Care & Beauty Applications
Pharmaceutical & Nutraceutical

In 2023, the pharmaceutical and nutraceutical segment had the most market share, accounting for 36% of the total market. The production of nutritional supplements and the alternative medicine sector are known to have a significant need for herbal raw materials. Because herbal medicine offers more advantages than synthetic medicine, people are refocusing their attention. Herbal protein powders and anti-aging products are common dietary supplements in the nutraceutical sector.

๐›๐ฒ ๐…๐จ๐ซ๐ฆ

Liquid & Gel
Tablets & Capsules
Powder

๐›๐ฒ ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ฒ

Herbal Pharmaceuticals
Herbal Functional Foods
Herbal Beauty Products
Herbal Dietary Supplements

๐›๐ฒ ๐’๐จ๐ฎ๐ซ๐œ๐ž

Leaves
Root Barks
Whole Plants
Fruits

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Hospital & Retail Pharmacies
E-Commerce

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ + ๐•๐ข๐ฌ๐ฎ๐š๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/148333/

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ž ๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž๐ฌ:

Part 01: Executive Summary

Part 02: Scope of the Herbal Medicine Market Report

Part 03: Herbal Medicine Market Landscape

Part 04: Herbal Medicine Market Sizing

Part 05: Herbal Medicine Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/148333/

๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Nature's Answer
2. Potter's Herbals
3. Bio-Botanica Inc.
4. Blackmores
5. Dabur Ltd.
6. PT Industri Jamu and Pharmaceutical Sido Muncul, and Tbk
7. Haiyao Co., Ltd.
8. Genius Nature Herbs Pvt Ltd.
9. Guangzhou Pharma Co.
10. Sanjiu Medical & Pharmaceutical
11. Bayer AG
12. Arkopharma
13. Venus Pharma GmbH
14. Schaper & Brummer
15. Beovita
16. ZeinPharma Germany GmbH
17. Arizona Natural Applications
18. Dasherb Corp.
19. Hishimo Pharmaceuticals

๐†๐ž๐ญ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/market-report/herbal-medicine-market/148333/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐‡๐ž๐ซ๐›๐š๐ฅ ๐Œ๐ž๐๐ข๐œ๐ข๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Herbal Medicine ?
What will be the CAGR at which the Herbal Medicine market will grow?
What is the growth rate of the Herbal Medicine Market?
Which are the factors expected to drive the Herbal Medicine market growth?
What are the different segments of the Herbal Medicine Market?
What growth strategies are the players considering to increase their presence in Herbal Medicine ?
What are the upcoming industry applications and trends for the Herbal Medicine Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Herbal Medicine Market?
Who are the leading companies and what are their portfolios in Herbal Medicine Market?
What segments are covered in the Herbal Medicine Market?
๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐จ๐ฎ๐ซ ๐ญ๐จ๐ฉ-๐ฉ๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐ข๐ง๐  ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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