HERBAL MEDICINAL PRODUCTS MARKET ANALYSIS

Herbal Medicinal Product Market, By Product Type (Ayurvedic Medicines, Homeopathic Medicines, Chinese Medicines, Aromatherapy), By Dosage Form (Capsules, Powder, Syrups, Oil, Ointments, Others), By Application (Pharmaceutical, Nutraceutical, Personal Care & Beauty Products, Others), By Distribution Channel (Hospital Pharmacies, Retailer Stores, Specialty Clinics & Stores, E-commerce), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

Kunnath Pharmaceuticals, a India based ayurveda and research company, involved in development and manufacture of high quality, result giving ayurvedic medicines and food supplements, launched Viromune antiviral immunity booster capsules
TAMPCOL, a India based Ayurvedic and herbal medicine company, on July 2023, launched chemical free herbal based skin care product range

Acquisition and partnerships

Patanjali Ayurved partnership with Tocklai Tea Research Institute: In 2021, Patanjali Ayurved, an India based multinational health and wellness product manufacturing company, announced a strategic partnership with Tocklai Tea Research Institute, Assam based oldest and largest tea research institute globally. The partnership aimed to research and extract chemical compounds from tea and tea leaves.
Emami Ltd acquired Axiom Ayurveda: On September 2023, Emami Ltd, an India based global ayurvedic based personal care & healthcare products manufacturing company, announced acquisition of Axiom Ayurveda, a India based ayuverdic medicine and personal care manufacturing company. The acquisition will strengthen Emami’s product portfolio.