People typically choose herbal medicine products initially while trying to avoid negative health impacts. For instance, traditional medicines are typically chosen for treating health problems compared to allopathic treatments, according to the Council for Scientific and Industrial Research (CSIR), 2017. Additionally, because 70% of cases cannot be properly treated by allopathy, traditional medicines are crucial in achieving goals for fair healthcare delivery.
The global Herbal Medicinal Products Market size was valued at US$ 75,807.0 million in 2018, and is expected to exhibit a CAGR of 5.5% over the forecast period (2019 – 2027).
Major Players in the Herbal Medicinal Products Industry:
1. Sanofi S.A
Sanofi S.A,was founded in 1973 and its headquarter in Paris, France. The company operates in 108 countries. In 2018 Sanofi and AstraZeneca announced an agreement to develop and commercialize nirsevimab.
2. Sanofi S.A
Himalaya Global Holdings Ltd was launch in 1930. And its headquarter - Burnaby, Canada. It operate over 106 country .
3. Arkopharma Laboratories
Arkopharma Laboratories was launch in 1916 and it’s headquarter located in Carros, France.it operate over 140 country .In 2020 Arkopharma is a pharmaceutical laboratory specialising in phytotherapy
4. Integria Healthcare
Integria Healthcare was launch in 2009 and it’s headquarter located in Eight Mile Plains, Queensland.it operate over 140 country In 2019
5. Young Living Essential Oils
Young Living Essential Oils founded in 1993, with its headquarters in Lehi, Utah, United States.With businesses in over 8 countries.
6. Boiron, Blackmores Ltd
Boiron, Blackmores Ltd was launch 1948 and its headquarter Minato City, Tokyo, Japan. it operate over 59 country.
7. Soho Flordis International (SFI)
Soho Flordis International (SFI) founded in 2009, with its headquarters in New South Wales, , Australia. .With businesses in over 50 countries. In 2022 SOHO Global Health uses the Differentiation strategy as their uniqueness is using mostly herbal ingredients
*Definition- The herbal medicines product are first choice among people to avoid adverse health effects
