Botanicals And Acupuncture Market Size Projected To Reach $238.42 Billion By 2034 With A Cagr Of 20.9%

The Botanicals And Acupuncture Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Botanicals And Acupuncture Market?
There has been a significant expansion in the size of the botanicals and acupuncture market in the last few years. The market is set to increase from $92.36 billion in 2024 to $111.46 billion in 2025, marking a compound annual growth rate (CAGR) of 20.7%. Factors contributing to this growth during the historic era include the adoption of natural therapies, increase in orthocases, an aging population, and heightened awareness and improvements in diagnostics.

The market size of botanicals and acupuncture is predicted to experience substantial expansion in the coming years, projecting a value of $238.42 billion by 2029 with a 20.9% Compound Annual Growth Rate (CAGR). This anticipated surge during the forecast period can be linked to factors such as higher levels of surgical activities, the growth of ambulatory surgical centers, escalation in sports-related injuries, and increased accident rates. Key trends anticipated during this period include the assimilation of conventional methods into modern healthcare, utilization of botanicals in functional foods and beverages, empirical studies on the effectiveness of botanicals, advancements in acupuncture methods and the inclusion of botanicals and acupuncture in wellness tourism.

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What Are the Different Botanicals And Acupuncture Market Segments?
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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What Are the Primary Drivers Shaping the Botanicals And Acupuncture Market?
The increasing trend of herbal medications is likely to boost the botanicals and acupuncture market's growth. Herbal medications or botanical medicines are substances derived from plant extracts, herbs, or botanical components used for medicinal purposes. Traditional Chinese medicine (TCM) often pairs these medicines with acupuncture to amplify the healing impact of the treatment. For instance, in August 2023, the World Health Organization (WHO), a Switzerland-based UN agency dedicated to global public health, revealed that around 4 billion people, making up 80% of the world's population, incorporate herbal medicine into their healthcare routines. Additionally, herbal remedies are used annually by American citizens representing 30% of the population. Consequently, the growing interest in herbal medications fuels the botanical and acupuncture market's growth. The anticipated market driver is the rise in e-commerce, projected to boost the botanicals and acupuncture market in the future. E-commerce, an electronic trade of goods and services over networks like the internet, is changing how people interact with botanicals and acupuncture. It enables clinics and practitioners to showcase their services, credentials, and client reviews. For instance, as per the International Trade Administration, a US government agency, eCommerce sales in the UK are expected to grow annually by an average rate of 12.6% by 2025. E-commerce comprises 36.3% of the overall UK retail trade, and by 2025, its revenue is anticipated to hit $285.60 billion. Hence, the expansion of e-commerce contributes to the growth of the botanical and acupuncture market.

Which Companies Are Leading in the Botanicals And Acupuncture Market?
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.

What Trends Are Expected to Dominate the Botanicals And Acupuncture Market in the Next 5 Years?
Dominant players in the botanicals and acupuncture market are concentrating on drug discovery, such as the innovative TC Cream, to manufacture products that are scientifically supported and medically authenticated. The TC Cream provides a ground-breaking topical solution for treating psoriasis in patients. It operates by targeting multiple autoimmune signalling channels, thereby offering an effective remedy. In May 2023, the Psoriasis Research Institute of Guangzhou (PRIG), a fully owned research body of HiST Pharma in China, received approval to begin a phase III clinical trial for TC Cream in the US, after getting permission for its Investigational New Drug (IND). This revolutionary botanical drug, TC Cream, helps alleviate the agonising impact of psoriasis for countless people, positioning it as the first of its kind globally for treating this condition.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Botanicals And Acupuncture Market?
2. What is the CAGR expected in the Botanicals And Acupuncture Market?
3. What Are the Key Innovations Transforming the Botanicals And Acupuncture Industry?
4. Which Region Is Leading the Botanicals And Acupuncture Market?

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