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)

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