Botanicals And Acupuncture Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

What industry-specific factors are fueling the growth of the botanicals and acupuncture market?
The increasing popularity of natural remedies is set to enhance the expansion of the botanicals and acupuncture market. These natural remedies, or botanical treatments, are products made from plant extracts, herbs, or botanical materials for treating health issues. These natural remedies often complement acupuncture in traditional Chinese medicine to increase the effectiveness of the therapy. In August 2023, the World Health Organization stated that nearly 4 billion people, comprising 80% of the world population, rely on herbal medicine as part of their healthcare regime. Additionally, in the United States, about 30% of the population uses herbal remedies each year. As a result of this increasing popularity, the botanical and acupuncture market is forecast to grow. Adjustments to the Botanicals And Acupuncture Market: Growth in Botanicals And Acupuncture Market Due to E-commerce Increase

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What Is the projected market size and growth rate for the botanicals and acupuncture market?
In the past few years, there has been an exponential surge in the size of the botanicals and acupuncture market. It is projected to expand from a value of $92.36 billion in 2024 to a larger value of $111.46 billion in 2025, indicating a compound annual growth rate (CAGR) of 20.7%. Factors contributing to the growth during the historic period include a rising trend in natural therapies, an increase in orthocases, a growing ageing population, as well as enhanced diagnostics and awareness.

The botanicals and acupuncture market is predicted to experience considerable expansion in the upcoming years. The market value is anticipated to reach $238.42 billion by 2029, with a compound annual growth rate (CAGR) of 20.9%. The surge during the forecast period can be associated with an increase in surgical procedures, development of ambulatory surgical centers, spike in sports-related injuries, and rising accident rates. Key future trends include the incorporation of traditional practices into mainstream healthcare, use of botanicals in functional foods and drinks, research supporting botanical effectiveness, advancements in acupuncture methods, and the combination of botanicals and acupuncture in wellness tourism.

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What are the emerging trends shaping the future of the botanicals and acupuncture market?
Key entities in the botanicals and acupuncture market, including major corporations, are devoting their resources to pharmaceutical innovation, a prime example being TC Cream, in an effort to provide scientifically supported and medically approved products. Aiming to address psoriasis issues in patients, TC Cream offers a cutting-edge topical solution. This pioneering therapy targets a variety of autoimmune signaling routes, thereby offering an effective solution. For instance, in May 2023, HiST Pharma's fully owned Chinese research institute, the Psoriasis Research Institute of Guangzhou (PRIG), received the green light to commence a Phase III clinical trial in the United States for TC Cream after acquiring its Investigational New Drug (IND) approval. TC Cream is an innovative botanical medication that has successfully alleviated the damaging impacts of psoriasis for many, earning its reputation as a leading global solution for treating the condition.

What major market segments define the scope and growth of the botanicals and acupuncture market?
The botanicals and acupuncture market covered in this report is segmented -

1) By Intervention: Botanicals, Acupuncture
2) By Application: Prescription, Over The Counter (OTC)
3) By Distribution Method: Direct Sales, E-Sales, Distance Correspondence

Subsegments:
1) By Botanicals: Herbal Supplements, Medicinal Plants, Essential Oils, Plant-Based Extracts
2) By Acupuncture: Traditional Acupuncture, Electroacupuncture, Acupressure, Auricular Acupuncture

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Which region dominates the botanicals and acupuncture market?
Europewas the largest region in the botanicals and acupuncture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the botanicals and acupuncture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the botanicals and acupuncture industry growth?
Major companies operating in the botanicals and acupuncture market report are Archer Daniels Midland Company, International Flavors & Fragrances Inc., Nu Skin Enterprises Inc., Green Cross Corp., Blue Sky Botanics Ltd., Martin Bauer Group, Naturex S.A, Bionorica SE, Lee Kum Kee Health Products Group Limited, Nutraceutical Corporation, Indena S.p.A, P.T. Indesso Aroma Group, Columbia Nutritional LLC, Pukka Herbs Ltd., Gaia Herbs Inc., BI Nutraceuticals Inc., Bio-Botanica Inc., Golden Needle Acupuncture Herbal & Medical Supply, Arjuna Natural Extracts Ltd., Nordic Nutraceuticals ApS, Solaray Inc., Sabinsa Corporation, Salus-Haus GmbH & Co. KG, Synergy Flavors Inc., Herb Pharm LLC, WellSpring Acupuncture, Modern Acupuncture Holdings LLC, Ayush Ayurvedic Pte Ltd., Botanic Innovations LLC, Ransom Naturals Ltd.

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What Is Covered In The Botanicals And Acupuncture Global Market Report?

• Market Size Forecast: Examine the botanicals and acupuncture market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the botanicals and acupuncture market for a structured understanding.
• Key Players Overview: Analyze major players in the botanicals and acupuncture market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the botanicals and acupuncture market.
• Segment Contributions: Evaluate how different segments drive overall growth in the botanicals and acupuncture market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the botanicals and acupuncture market.
• Industry Challenges: Identify potential risks and obstacles affecting the botanicals and acupuncture market.
• Competitive Landscape: Review strategic developments in the botanicals and acupuncture market, including expansions, agreements, and new product launches.

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