Press release
Herbal Medicine Market: High Growth Forecast & Key Market Trends
Herbal Medicine Market Share
What Is The Projected Market Size Of The Global Herbal Medicine Market And Its Growth Rate?
• The herbal medicine market size grew from $214.32 billion in 2024 to $235.5 billion in 2025, marking a compound annual growth rate (CAGR) of 9.9%.
• This market is forecasted to reach $356.25 billion in 2029 with a CAGR of 10.9%.
• Factors contributing to the growth include traditional practices, lack of access to modern medicine, natural and holistic approach, historical documentation, wellness industry, environmental sustainability, rising chronic health conditions, and consumer demand for natural products.
What Is Driving The Growth In The Herbal Medicine Market?
The increasing use of herbal products in the pharmaceutical industry is propelling the growth of the herbal medicine market. Herbal products are being sought after for their holistic and natural approach to healing, with growing consumer consciousness about wellness and natural remedies. Significant examples include the report by Glanbia Nutritionals that the US herbal supplement market, valued at $5.9 billion, expects a projected compound annual growth rate (CAGR) of 4.3% from 2022 to 2027. Therefore, the increasing use of herbal products in the pharmaceutical industry is set to bolster the growth of the herbal medicine market.
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Who Are the Key Players Driving Herbal Medicine Market Growth?
Key players in the herbal medicine market include:
• Patanjali Ayurved Ltd.
• Dabur Ltd.
• NOW Foods
• Boiron Group
• Nature's Sunshine Products
• Emami Ltd.
• Ricola AG
• Young Living Essential Oils
• Nature's Way
• Swanson Health Products
• Gaia Herbs
• New Chapter
• Bio-Botanica Inc.
• Schaper & Brümmer GmbH & Co. KG
• Traditional Medicinals
• Herb Pharm
• Nature's Answer
• Nature's Bounty
• Himalaya Global Holdings Ltd.
• Arizona Natural Products
• Dasherb Corp
• ZeinPharma Germany GmbH
• Solaray
• Hishimo Pharmaceuticals Pvt. Ltd.
• Beovita Deutschland GmbH & Co. KG
• Dr. Willmar Schwable India Pvt. Ltd.
• Source Naturals
What Are The Key Trends In The Herbal Medicine Market?
Major trends shaping the herbal medicine market include:
• Standardization and quality assurance
• Integration with digital health
• Focus on adaptogen and stress management
• Increasing demand for herbal supplements and nutraceuticals
• Collaboration with conventional medicine
What Are The Segments Of The Global Herbal Medicine Market?
1) By Product: Capsules And Tablets, Powders, Extracts, Syrups, Other Products
2) By Category: Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, Herbal Beauty Products
3) By Distribution Channel: Hospitals, Retail Pharmacies, E-commerce
4) By Application: Pharmaceutical And Nutraceutical, Food And Beverages, Personal Care And Beauty Products
Which Region Leads The Herbal Medicine Market?
In 2024, Europe was the largest region in the herbal medicine market. Nonetheless, Asia-Pacific is anticipated to be the fastest-growing region during the forecast period.
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What Is Covered In The Herbal Medicine Market Global Market Report?
This report offers a comprehensive analysis for the herbal medicine market, including market size analysis, market segmentation analysis, key player focus, growth trends analysis, market contribution, growth drivers, industry challenges, and competitive developments.
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