Regional Analysis
Global Herbal Medicinal Product Market Regional Insights
- North America: North America is the second largest market for herbal medicinal products market, accounting for a share of over 23.5% in 2023, due to rising acquisition and collaboration strategies adopted by the market players in the region. Increasing adaption towards healthy lifestyle and rising living standards and influence of natural product and their benefits.
- Europe: Europe holds dominant position in the market, accounting for a share of over 33.1% in 2023, due to large pharmaceutical and medical industry in the region. Thus, major players in the market are penetrating potential European countries through strategic acquisitions and merger agreement.
- Asia Pacific: Asia Pacific is the fastest-growing market for herbal medicinal products, accounting for a share of over 20% in 2023. As herbs are easily available, in China and India, they are the major producers of herbal products in the world.
| Geographies covered: | - North America: U.S. and Canada
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC Countries, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Central Africa
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India : 