Medicinal Herbs Market Size, Share, Trends, Growth and Competitive Outlook


Data Bridge Market Research analyzes that the global medicinal herbs market which was USD 165.66 billion in 2022, is expected to reach USD 347.50 billion by 2030, and is expected to undergo a CAGR of 11.16% during the forecast period 2023 to 2030. “Marrubium Vulgare ” dominates the me

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"Global Medicinal Herbs Market – Industry Trends and Forecast to 2030

Global Medicinal Herbs Market, By Medicinal Plants Type (Marrubium Vulgare, Vaccinium Macrocarpon, Echinacea, Curcuma Longa, Camellia Sinensis, Actaea Racemose, Aloe Vera, Zingiber Officinale, Cocos Nucifera, Cinnamomum Spp, Allium Sativum), Category (Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Beauty Products, Herbal Dietary Supplements), Form (Extracts, Powders, Capsules and Tablets and Syrups), Source (Leaves, Root and Barks, Whole Plants, Fruits), Distribution Channel (Hospital and Retail Pharmacies and E-Commerce) - Industry Trends and Forecast to 2030.

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The global medicinal herbs market is experiencing significant growth due to the rising awareness about the health benefits of natural remedies and the increasing demand for herbal products. The market is driven by factors such as the growing preference for organic and natural products, the increasing prevalence of chronic diseases, and the rising adoption of herbal medicines as complementary treatments. Medicinal herbs are being used for various purposes such as improving immunity, reducing inflammation, managing stress and anxiety, promoting digestion, and enhancing overall well-being. The market is also witnessing a surge in research and development activities to discover new medicinal applications of herbs and improve their cultivation techniques.

**Segments**

- **Type**: Based on type, the market is segmented into Chinese herbs, Indian herbs, and Western herbs. Each type of medicinal herb offers unique medicinal properties and is used for specific health conditions.
- **Application**: The market is segmented by application into pharmaceuticals, food and beverages, personal care and cosmetics, and others. Medicinal herbs are utilized in various industries for their therapeutic benefits and natural ingredients.
- **Form**: The market is categorized into raw herbs, herbal extracts, essential oils, and others. Different forms of medicinal herbs cater to the diverse needs of consumers and industries.

**Market Players**

- **Naturex**: Naturex is a key player in the global medicinal herbs market, offering a wide range of herbal extracts and natural ingredients for various applications.
- **Arjuna Natural Extracts Ltd.**: Arjuna Natural Extracts Ltd. is known for its high-quality standardized herbal extracts used in pharmaceuticals, nutraceuticals, and food products.
- **Indena S.p.A.**: Indena S.p.A. is a leading provider of botanical extracts and active ingredients derived from medicinal plants for the pharmaceutical and healthcare industries.
- **Bio-Botanica Inc.**: Bio-Botanica Inc. specializes in the manufacturing of botanical extracts, herbal supplements, and natural personal care products.
- **Amway**: Amway offers a range ofThe global medicinal herbs market is witnessing robust growth as consumers increasingly seek natural and organic remedies for various health conditions. The growing awareness about the health benefits of medicinal herbs, coupled with the rising prevalence of chronic diseases, is driving the demand for herbal products across the globe. With a shift towards natural and holistic approaches to healthcare, medicinal herbs are being recognized for their potential in improving immunity, managing stress, reducing inflammation, promoting digestion, and enhancing overall well-being. This trend towards herbal medicine is further supported by the expanding research and development activities focused on exploring new therapeutic applications of medicinal herbs and enhancing cultivation techniques.

In terms of market segments, the medicinal herbs market is categorized based on types such as Chinese herbs, Indian herbs, and Western herbs. Each type of medicinal herb offers distinct medicinal properties and is utilized for specific health conditions, catering to the diverse needs of consumers seeking natural remedies. Additionally, the market is segmented by application into pharmaceuticals, food and beverages, personal care and cosmetics, and other industries. Medicinal herbs find widespread usage in pharmaceutical formulations, functional foods, beauty products, and other applications due to their therapeutic properties and natural ingredients. Furthermore, the market is segmented by different forms of medicinal herbs, including raw herbs, herbal extracts, essential oils, and others, offering a variety of options for consumers and industries to incorporate herbal ingredients into their products.

Key players in the global medicinal herbs market such as Naturex, Arjuna Natural Extracts Ltd., Indena S.p.A., Bio-Botanica Inc., and Amway play a significant role in shaping the market landscape. These companies are known for their expertise in providing high-quality herbal extracts, botanical ingredients, and natural supplements for various industries. Naturex, for instance, offers a diverse portfolio of herbal extracts catering to different applications, while companies like Arjuna Natural Extracts Ltd. focus on standardized herbal extracts used in pharmaceuticals and nutraceuticals. Indena S.p.A. is renowned for its botanical extracts and active**Global Medicinal Herbs Market, By Medicinal Plants Type**

- Marrubium Vulgare
- Vaccinium Macrocarpon
- Echinacea
- Curcuma Longa
- Camellia Sinensis
- Actaea Racemose
- Aloe Vera
- Zingiber Officinale
- Cocos Nucifera
- Cinnamomum Spp
- Allium Sativum

**Category**

The global medicinal herbs market is categorized into herbal pharmaceuticals, herbal functional foods, herbal beauty products, and herbal dietary supplements. Each category serves distinct consumer needs, with herbal pharmaceuticals focusing on medicinal treatments, herbal functional foods promoting health and wellness benefits, herbal beauty products enhancing skincare and beauty regimens, and herbal dietary supplements supporting overall well-being.

**Form**

Medicinal herbs are available in various forms such as extracts, powders, capsules, tablets, and syrups. These different forms cater to consumer preferences and ease of use, ensuring that individuals can incorporate medicinal herbs into their daily routines in a way that best suits their needs.

**Source**

The sources of medicinal herbs include leaves, roots and barks, whole plants, and fruits. Each part of the plant offers unique medicinal properties and is utilized in the extraction of herbal ingredients for various applications in pharmaceuticals, food products, and personal care items.

**Distribution Channel**

The distribution channels for medicinal herbs include hospitals, retail pharmacies, and e-commerce platforms

 

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Medicinal Herbs Market

Chapter 3: Regional analysis of the Global Medicinal Herbs Market industry

Chapter 4: Medicinal Herbs Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Countries Studied:

  1. North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  2. Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  3. Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  4. Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

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