Summary

Global Herbal Medicine Market 2024-2028
The herbal medicine market is forecasted to grow by USD 44.75 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the herbal medicine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by boosts immune system, low side effects, and natural healing.
Technavio's herbal medicine market is segmented as below:
By Product
• Capsules and tablets
• Powders
• Extracts
• Syrups
• Others
By Distribution Channel
• Hospitals and retail pharmacies
• E-commerce
By Geographical Landscape
• Asia
• North America
• Europe
• Rest of World (ROW)
This study identifies the inclination toward herbal and natural products as one of the prime reasons driving the herbal medicine market growth during the next few years. Also, growing popularity of e-commerce channels and proliferating demand for personalized herbal medicines will lead to sizable demand in the market.
The report on the herbal medicine market covers the following areas:
• Herbal medicine market sizing
• Herbal medicine market forecast
• Herbal medicine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading herbal medicine market vendors that include Arizona Natural Products, Arkopharma Laboratories, Beijing Tongrentang Co Ltd., Bio Botanica Inc., Blackmores Ltd., Charak Pharma Pvt. Ltd., Dabur India Ltd., Dasherb Corp., Dr. Willmar Schwabe GmbH and Co. KG, Emami Ltd, Hamdard Laboratories, Himalaya Global Holdings Ltd., Hishimo Pharmaceuticals Pvt. Ltd., Imperial Ginseng Products Ltd., Ricola Group AG, Schaper and Brummer GmbH and Co. KG, Sido Muncul, Tsumura and Co., Weleda Group, and ZeinPharma Germany GmbH. Also, the herbal medicine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/herbal-medicine-market-industry-analysis
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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Table of Contents

• 1 Executive Summary
o 1.1 Market overview
o Executive Summary - Chart on Market Overview
o Executive Summary - Data Table on Market Overview
o Executive Summary - Chart on Global Market Characteristics
o Executive Summary - Chart on Market By Geographical Landscape
o Executive Summary - Chart on Market Segmentation by Product
o Executive Summary - Chart on Market Segmentation by Distribution Channel
o Executive Summary - Chart on Incremental Growth
o Executive Summary - Data Table on Incremental Growth
o Executive Summary - Chart on Company Market Positioning
• 2 Market Landscape
o 2.1 Market ecosystem
o Parent Market
o Data Table on - Parent Market
o 2.2 Market characteristics
o Market characteristics analysis
o 2.3 Value chain analysis
o Value Chain Analysis
• 3 Market Sizing
o 3.1 Market definition
o Offerings of companies included in the market definition
o 3.2 Market segment analysis
o Market segments
o 3.3 Market size 2023
o 3.4 Market outlook: Forecast for 2023-2028
o Chart on Global - Market size and forecast 2023-2028 ($ billion)
o Data Table on Global - Market size and forecast 2023-2028 ($ billion)
o Chart on Global Market: Year-over-year growth 2023-2028 (%)
o Data Table on Global Market: Year-over-year growth 2023-2028 (%)
• 4 Historic Market Size
o 4.1 Global Herbal Medicine Market 2018 - 2022
o Historic Market Size - Data Table on Global Herbal Medicine Market 2018 - 2022 ($ billion)
o 4.2 Product segment analysis 2018 - 2022
o Historic Market Size - Product Segment 2018 - 2022 ($ billion)
o 4.3 Distribution Channel segment analysis 2018 - 2022
o Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
o 4.4 Geography segment analysis 2018 - 2022
o Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
o 4.5 Country segment analysis 2018 - 2022
o Historic Market Size - Country Segment 2018 - 2022 ($ billion)
• 5 Five Forces Analysis
o 5.1 Five forces summary
o Five forces analysis - Comparison between 2023 and 2028
o 5.2 Bargaining power of buyers
o Bargaining power of buyers - Impact of key factors 2023 and 2028
o 5.3 Bargaining power of suppliers
o Bargaining power of suppliers - Impact of key factors in 2023 and 2028
o 5.4 Threat of new entrants
o Threat of new entrants - Impact of key factors in 2023 and 2028
o 5.5 Threat of substitutes
o Threat of substitutes - Impact of key factors in 2023 and 2028
o 5.6 Threat of rivalry
o Threat of rivalry - Impact of key factors in 2023 and 2028
o 5.7 Market condition
o Chart on Market condition - Five forces 2023 and 2028
• 6 Market Segmentation by Product
o 6.1 Market segments
o Chart on Product - Market share 2023-2028 (%)
o Data Table on Product - Market share 2023-2028 (%)
o 6.2 Comparison by Product
o Chart on Comparison by Product
o Data Table on Comparison by Product
o 6.3 Capsules and tablets - Market size and forecast 2023-2028
o Chart on Capsules and tablets - Market size and forecast 2023-2028 ($ billion)
o Data Table on Capsules and tablets - Market size and forecast 2023-2028 ($ billion)
o Chart on Capsules and tablets - Year-over-year growth 2023-2028 (%)
o Data Table on Capsules and tablets - Year-over-year growth 2023-2028 (%)
o 6.4 Powders - Market size and forecast 2023-2028
o Chart on Powders - Market size and forecast 2023-2028 ($ billion)
o Data Table on Powders - Market size and forecast 2023-2028 ($ billion)
o Chart on Powders - Year-over-year growth 2023-2028 (%)
o Data Table on Powders - Year-over-year growth 2023-2028 (%)
o 6.5 Extracts - Market size and forecast 2023-2028
o Chart on Extracts - Market size and forecast 2023-2028 ($ billion)
o Data Table on Extracts - Market size and forecast 2023-2028 ($ billion)
o Chart on Extracts - Year-over-year growth 2023-2028 (%)
o Data Table on Extracts - Year-over-year growth 2023-2028 (%)
o 6.6 Syrups - Market size and forecast 2023-2028
o Chart on Syrups - Market size and forecast 2023-2028 ($ billion)
o Data Table on Syrups - Market size and forecast 2023-2028 ($ billion)
o Chart on Syrups - Year-over-year growth 2023-2028 (%)
o Data Table on Syrups - Year-over-year growth 2023-2028 (%)
o 6.7 Others - Market size and forecast 2023-2028
o Chart on Others - Market size and forecast 2023-2028 ($ billion)
o Data Table on Others - Market size and forecast 2023-2028 ($ billion)
o Chart on Others - Year-over-year growth 2023-2028 (%)
o Data Table on Others - Year-over-year growth 2023-2028 (%)
o 6.8 Market opportunity by Product
o Market opportunity by Product ($ billion)
o Data Table on Market opportunity by Product ($ billion)
• 7 Market Segmentation by Distribution Channel
o 7.1 Market segments
o Chart on Distribution Channel - Market share 2023-2028 (%)
o Data Table on Distribution Channel - Market share 2023-2028 (%)
o 7.2 Comparison by Distribution Channel
o Chart on Comparison by Distribution Channel
o Data Table on Comparison by Distribution Channel
o 7.3 Hospitals and retail pharmacies - Market size and forecast 2023-2028
o Chart on Hospitals and retail pharmacies - Market size and forecast 2023-2028 ($ billion)
o Data Table on Hospitals and retail pharmacies - Market size and forecast 2023-2028 ($ billion)
o Chart on Hospitals and retail pharmacies - Year-over-year growth 2023-2028 (%)
o Data Table on Hospitals and retail pharmacies - Year-over-year growth 2023-2028 (%)
o 7.4 E-commerce - Market size and forecast 2023-2028
o Chart on E-commerce - Market size and forecast 2023-2028 ($ billion)
o Data Table on E-commerce - Market size and forecast 2023-2028 ($ billion)
o Chart on E-commerce - Year-over-year growth 2023-2028 (%)
o Data Table on E-commerce - Year-over-year growth 2023-2028 (%)
o 7.5 Market opportunity by Distribution Channel
o Market opportunity by Distribution Channel ($ billion)
o Data Table on Market opportunity by Distribution Channel ($ billion)
• 8 Customer Landscape
o 8.1 Customer landscape overview
o Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
• 9 Geographic Landscape
o 9.1 Geographic segmentation
o Chart on Market share By Geographical Landscape 2023-2028 (%)
o Data Table on Market share By Geographical Landscape 2023-2028 (%)
o 9.2 Geographic comparison
o Chart on Geographic comparison
o Data Table on Geographic comparison
o 9.3 Asia - Market size and forecast 2023-2028
o Chart on Asia - Market size and forecast 2023-2028 ($ billion)
o Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
o Chart on Asia - Year-over-year growth 2023-2028 (%)
o Data Table on Asia - Year-over-year growth 2023-2028 (%)
o 9.4 North America - Market size and forecast 2023-2028
o Chart on North America - Market size and forecast 2023-2028 ($ billion)
o Data Table on North America - Market size and forecast 2023-2028 ($ billion)
o Chart on North America - Year-over-year growth 2023-2028 (%)
o Data Table on North America - Year-over-year growth 2023-2028 (%)
o 9.5 Europe - Market size and forecast 2023-2028
o Chart on Europe - Market size and forecast 2023-2028 ($ billion)
o Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
o Chart on Europe - Year-over-year growth 2023-2028 (%)
o Data Table on Europe - Year-over-year growth 2023-2028 (%)
o 9.6 Rest of World (ROW) - Market size and forecast 2023-2028
o Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
o Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
o Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
o Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
o 9.7 US - Market size and forecast 2023-2028
o Chart on US - Market size and forecast 2023-2028 ($ billion)
o Data Table on US - Market size and forecast 2023-2028 ($ billion)
o Chart on US - Year-over-year growth 2023-2028 (%)
o Data Table on US - Year-over-year growth 2023-2028 (%)
o 9.8 China - Market size and forecast 2023-2028
o Chart on China - Market size and forecast 2023-2028 ($ billion)
o Data Table on China - Market size and forecast 2023-2028 ($ billion)
o Chart on China - Year-over-year growth 2023-2028 (%)
o Data Table on China - Year-over-year growth 2023-2028 (%)
o 9.9 Japan - Market size and forecast 2023-2028
o Chart on Japan - Market size and forecast 2023-2028 ($ billion)
o Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
o Chart on Japan - Year-over-year growth 2023-2028 (%)
o Data Table on Japan - Year-over-year growth 2023-2028 (%)
o 9.10 India - Market size and forecast 2023-2028
o Chart on India - Market size and forecast 2023-2028 ($ billion)
o Data Table on India - Market size and forecast 2023-2028 ($ billion)
o Chart on India - Year-over-year growth 2023-2028 (%)
o Data Table on India - Year-over-year growth 2023-2028 (%)
o 9.11 Germany - Market size and forecast 2023-2028
o Chart on Germany - Market size and forecast 2023-2028 ($ billion)
o Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
o Chart on Germany - Year-over-year growth 2023-2028 (%)
o Data Table on Germany - Year-over-year growth 2023-2028 (%)
o 9.12 UK - Market size and forecast 2023-2028
o Chart on UK - Market size and forecast 2023-2028 ($ billion)
o Data Table on UK - Market size and forecast 2023-2028 ($ billion)
o Chart on UK - Year-over-year growth 2023-2028 (%)
o Data Table on UK - Year-over-year growth 2023-2028 (%)
o 9.13 Market opportunity By Geographical Landscape
o Market opportunity By Geographical Landscape ($ billion)
o Data Tables on Market opportunity By Geographical Landscape ($ billion)
• 10 Drivers, Challenges, and Opportunity/Restraints
o 10.1 Market drivers
o 10.2 Market challenges
o 10.3 Impact of drivers and challenges
o Impact of drivers and challenges in 2023 and 2028
o 10.4 Market opportunities/restraints
• 11 Competitive Landscape
o 11.1 Overview
o 11.2 Competitive Landscape
o Overview on criticality of inputs and factors of differentiation
o 11.3 Landscape disruption
o Overview on factors of disruption
o 11.4 Industry risks
o Impact of key risks on business
• 12 Competitive Analysis
o 12.1 Companies profiled
o Companies covered
o 12.2 Market positioning of companies
o Matrix on companies position and classification
o 12.3 Arkopharma Laboratories
o Arkopharma Laboratories - Overview
o Arkopharma Laboratories - Product / Service
o Arkopharma Laboratories - Key offerings
o 12.4 Beijing Tongrentang Co Ltd.
o Beijing Tongrentang Co Ltd. - Overview
o Beijing Tongrentang Co Ltd. - Product / Service
o Beijing Tongrentang Co Ltd. - Key offerings
o 12.5 Bio Botanica Inc.
o Bio Botanica Inc. - Overview
o Bio Botanica Inc. - Product / Service
o Bio Botanica Inc. - Key offerings
o 12.6 Blackmores Ltd.
o Blackmores Ltd. - Overview
o Blackmores Ltd. - Business segments
o Blackmores Ltd. - Key offerings
o Blackmores Ltd. - Segment focus
o 12.7 Dabur India Ltd.
o Dabur India Ltd. - Overview
o Dabur India Ltd. - Business segments
o Dabur India Ltd. - Key news
o Dabur India Ltd. - Key offerings
o Dabur India Ltd. - Segment focus
o 12.8 Dasherb Corp.
o Dasherb Corp. - Overview
o Dasherb Corp. - Product / Service
o Dasherb Corp. - Key offerings
o 12.9 Dr. Willmar Schwabe GmbH and Co. KG
o Dr. Willmar Schwabe GmbH and Co. KG - Overview
o Dr. Willmar Schwabe GmbH and Co. KG - Product / Service
o Dr. Willmar Schwabe GmbH and Co. KG - Key offerings
o 12.10 Emami Ltd
o Emami Ltd - Overview
o Emami Ltd - Product / Service
o Emami Ltd - Key offerings
o 12.11 Hamdard Laboratories
o Hamdard Laboratories - Overview
o Hamdard Laboratories - Product / Service
o Hamdard Laboratories - Key offerings
o 12.12 Himalaya Global Holdings Ltd.
o Himalaya Global Holdings Ltd. - Overview
o Himalaya Global Holdings Ltd. - Product / Service
o Himalaya Global Holdings Ltd. - Key offerings
o 12.13 Hishimo Pharmaceuticals Pvt. Ltd.
o Hishimo Pharmaceuticals Pvt. Ltd. - Overview
o Hishimo Pharmaceuticals Pvt. Ltd. - Product / Service
o Hishimo Pharmaceuticals Pvt. Ltd. - Key offerings
o 12.14 Ricola Group AG
o Ricola Group AG - Overview
o Ricola Group AG - Product / Service
o Ricola Group AG - Key offerings
o 12.15 Schaper and Brummer GmbH and Co. KG
o Schaper and Brummer GmbH and Co. KG - Overview
o Schaper and Brummer GmbH and Co. KG - Product / Service
o Schaper and Brummer GmbH and Co. KG - Key offerings
o 12.16 Sido Muncul
o Sido Muncul - Overview
o Sido Muncul - Business segments
o Sido Muncul - Key offerings
o Sido Muncul - Segment focus
o 12.17 Weleda Group
o Weleda Group - Overview
o Weleda Group - Product / Service
o Weleda Group - Key offerings
• 13 Appendix
o 13.1 Scope of the report
o 13.2 Inclusions and exclusions checklist
o Inclusions checklist
o Exclusions checklist
o 13.3 Currency conversion rates for US$
o Currency conversion rates for US$
o 13.4 Research methodology
o Research methodology
o 13.5 Data procurement
o Information sources
o 13.6 Data validation
o Data validation
o 13.7 Validation techniques employed for market sizing
o Validation techniques employed for market sizing
o 13.8 Data synthesis
o Data synthesis
o 13.9 360 degree market analysis
o 360 degree market analysis
o 13.10 List of abbreviations
o List of abbreviations