Global Herbal Medicine Market, June 2021 Report On Size, Share 2021 Trends, Business Growth, Application, Development, Segmentation, Application, Types, Drivers, and Forecast 2030

In a recently published report, Global Herbal Medicine Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Herbal Medicine Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Herbal Medicine Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Herbal Medicine Market is continuously growing across the world over the coming years. The Herbal Medicines are a specific type of dietary supplements extracted from various parts of the plant which includes bark, leaves, seeds, berries and roots. Herbalism has emerged from a long historical tradition of utilizing nature for curing chronic and infectious diseases. The Herbal medicines are available in many dosage forms such as extracts, tablets, dried plants and others. Rise in prevalence of cardiovascular diseases which includes liver & heart diseases and surging aging population in both the developed and developing countries along with release of current good manufacturing practices for dietary supplements are the substantial driving factors of the market across the globe. In addition, recent technological advancements & rise in research & development investment in healthcare sector are the major factor which creating numerous opportunity in the market over the coming years. Herbal medicines are more affordable than conventional medicine, it strengthen the immune system, it is easier to obtain than prescription medicine, it stabilizes the hormone & metabolism and many more. These benefits are also propelling the demand of herbal medicines among its end-users across the world. However, lack of awareness among individuals regarding the use of & dosage of herbal medicines is one of the major factors which limiting the market growth of Herbal Medicine over the coming years.

The regional analysis of Global Herbal Medicine Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/dominant region in the global Herbal Medicine market due to increasing consumption of herbal medicine in developing countries such as India and China. Europe is the second largest region to grow in the Herbal Medicine market due to increasing disposable income of the individuals and rising demand for natural therapies in the region. North America is also expected to grow at higher growth / higher CAGR over the forecast period 2018-2025.
The major market player included in this report are:
• Tsumura
• Schwabe
• Madaus
• Weleda
• Blackmores
• Arkopharma
• Arizona Natural
• Dabur

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

 Root
 Leaf
 Flower
 Other

By End-User:

 Western Herbalism
 Traditional Chinese Medicine
 Others

By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Herbal Medicine Market in Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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