Herbal Medicine Market
PUBLISHED: 2022 ID: SMRC22020
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Herbal Medicine Market

Herbal Medicine Market Forecasts to 2028 - Global Analysis By Type (Medicinal Part, Medicine Function and Active Ingredient), By Source (Fruits and vegetables, Leaves, Barks and others), By Category (Herbal Pharmaceuticals, Herbal Beauty Products and Others), By Medicinal Plants (Aloe Vera, Marrubium Vulgare and others), By Form (Syrups,Powders,Extracts), By Distribution Channel (Hospitals and Others) and Geography

4.6 (56 reviews)
4.6 (56 reviews)
Published: 2022 ID: SMRC22020

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $186.8 BN

Projected Year Value (2028)

US $325 BN

CAGR (2022 - 2028)

9.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Europe

Fastest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Herbal Medicine Market is accounted for $186.8 billion in 2022 and is expected to reach $325 billion by 2028 growing at a CAGR of 9.7% during the forecast period. Herbal remedies are made from various plant parts such leaves, bark, seeds, berries, and roots. Herbal medicines are available in various dosage forms like tablets, extracts, dried plants, and others. People use herbal medicines to treat illnesses or to maintain or improve their health. Herbal medicines attempt to restore the body's natural balance so that it can heal itself when sick. Different herbs have different effects on various parts of the body.

According to the National School of Medicine and Homeopathy, homeopathic medicines are 70% less expensive than allopathic alternatives and 15% less expensive than generics. With the increased occurrence of liver and heart diseases, as well as the increased R&D activities that go into the development of newer versions of more effective herbal medicine, many health-conscious people are now turning to these natural remedies to cure their diseases. However, low awareness among individuals regarding the employment and dosage of herbal medicines impede the market growth.



Market Dynamics:

Driver:

Demand for Herbal Ingredients in the Cosmetic Industry

The demand for medicinal herbs for cosmeceuticals accounts for nearly a quarter of global market demand and is growing at a rapid pace. With the market expanding at a quick pace, many cosmetic brands are drawn to medicinal herb products due to the high profits. Consumer interest in natural cosmetics is on the rise, and cosmetics companies are putting more emphasis on offering natural herbal substitutes for synthetic components. This trend is anticipated to continue during the forecast period as demand for natural components used in cosmetics and hygiene products grows.

Restraint:

Influence of Regulatory Policies on Status and Safety

Herbal preparations don't often require any evidence of quality. The Herbal Medicines are classified as foods or dietary supplements by governments. The majority of the complications associated with the incorporation of Herbal medicines have been observed to emerge primarily as a result of certain environmental factors. In the case of herbal medicines practitioners are not registered or licensed in some cases. Herbal remedies and related products are being released with no warning. Most countries require safety or toxicological testing due to insufficient tools for monitoring quality control and manufacturing procedures. Without the need for a prescription and without considering potential risks are associated with herbal remedies, which may lead to hindering the market growth.

Opportunity:

High Demand in Developing Countries

Across many developing countries, herbal medicines are an important part of medical treatment. Almost all minor ailments are treated with herbal products and natural preparations. Visits to trained doctors or prescription pharmacists are typically rare in developing and lower-income countries, and are reserved for life-threatening disorders. Herbs used for medicinal purposes in developing countries are unprocessed herbs, plants, or plant parts that have been dried and used whole or cut. Herbs are prepared for internal use as teas (sometimes as pills or capsules) and for external use as salves and poultices. Because most developing countries have minimal regulation regarding the use of herbs as medicines, the growth of the industry in developing countries is expected to be one of the driving factors for the industry.

Threat:

Side Effects

A study discovered that herbal medicines can cause kidney failure and liver damage in some users because they contain toxic chemicals or heavy metals or interact negatively with other drugs. The findings of 52 studies on herbal medicines and toxicology were reviewed by researchers led by the University of Adelaide. Another study of traditional Chinese medicine products in Australia discovered excessive levels of lead, cadmium, and arsenic in 61% of the preparations, levels high enough to cause acute poisoning. Some preparations were discovered to contain pesticides or contaminants linked to improper storage. Many herbal products lacked adequate warning labels regarding side effects and drug interactions.

Covid-19 Impact

The COVID-19 pandemic is expected to positively impact the growth. It has created ample opportunities for players due to increasing demand of herbal immunity boosters. To meet the rising demand for medicinal herbs, market participants are developing a variety of solutions. To maintain market demand, the countries least affected by the lockdown have focused on high-level production. During the pandemic, the market for medicinal herbs, cosmeceuticals, and nutraceutical products is expected to grow. Growth opportunities are expected in the first two quarters of 2021 under an optimistic market scenario, with lockdown for the first three quarters. However, if the lockdown is lifted by the second quarter, market earnings for 2020 will be at their peak.

The Herbal Pharmaceuticals segment is expected to be the largest during the forecast period

Due to the growing geriatric population, combined with rising awareness amongst people Herbal Pharmaceuticals segment is expected to be the largest during the forecast period. Which helps in intensive growth of the global herbal medicine market, along with other important factors such as supplier innovations, few to no side effects of herbal medicine usage, and the FDA's implementation of Current Good Manufacturing Practices (CGMP) for dietary supplements are expected to drive the market growth.

The Herbal Beauty Products segment is expected to have the highest CAGR during the forecast period

The Herbal Beauty Products segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the demand for herbal cosmetics and growing consumer awareness regarding the harmful effects of chemicals being added to beauty products. Rising focus on appearance and looks coupled with increased acceptance of herbal products among consumers are some of the factors that are expected to help the expansion of the market worldwide. Moreover, the increased demand for chemical-free beauty products along with growing awareness about cruelty-free cosmetics is supporting market growth.

Region with highest share:

Europe is projected to hold the largest market share during the forecast period owing to the growing R&D and the increasing investments in the herbal medicines market. The growing prevalence of chronic illness among the expanding populace is expected to be another salient cause that can develop the market in the region. The demand for natural ingredients has grown, and as a result, the personal care and beauty products sectors are expanding at the same time in the region. The population of Europe suffers from a variety of health issues, and as a result, these issues will fuel regional growth.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, due to significant funding for research and development of effective medications derived from herbs and plants in nations like China and India. According to the World Health Organization, almost 80% of Asians use herbal remedies for their basic health. China, India, and Indonesia are the largest exporters of herbal medications and essential oils. Favorable government policies, significant research expenditures, and widespread consumer adoption of Chinese medicines all boost the market in the Asia Pacific region.



Key players in the market

Some of the key players profiled in the Herbal Medicine Market include Patanjali Ayurved Ltd., Arizona Natural Products, Beovita Vital GmbH, Venus Pharma GmbH, Himalaya Global Holdings Ltd., Dabur India Ltd., Blackmores Ltd., Dr. Willmar Schwabe India Pvt. Ltd., Lotus Herbals Pvt Ltd, Arkopharma Laboratories Co. Ltd., Kunnath Pharmaceuticals, Bayer AG and ZeinPharma Germany GmbH.

Key Developments:

In February 2021, Vitamin manufacturer Blackmores will try to expand its company beyond China, with CEO Alastair Symington optimistic that the wellness brand can build a dedicated following in India.

In March 2021, Lotus, one of India's popular beauty companies, launched the Lotus Botanicals brand. Through this e-commerce brand, consumers will be able to order Lotus Botanicals' range of skin and hair care products only through Lotus Botanicals and other third-party eCommerce channels.

In June 2020, Dr. Willmar Schwabe India bought Sanat Products Limited. With this acquisition, the firm will expand its OTC distribution network, which will complement its existing distribution network across India. In the next five years, the organization hopes to have a strong Pan-India presence.

In November 2020, Kunnath Pharmaceuticals, a maker of herbal products from India, launched antiviral immunity booster capsules under the brand name 'Viromune' across India. Through this launch, the company is looking to achieve a turnover of USD 266 million in the next three years.

In August 2019, Himalaya Drug Company announced the launch of Shahicool Herbal Sharbat and Gripe Water. Pure Herbs, Forest Honey, Throat Lozenges, and Chyvanaprasha are the other goods in the consumer health division’s portfolio, which now totals six.

Products Covered:
• Medicinal Part
• Medicine Function
• Active Ingredient

Sources Covered:
• Fruits and vegetables
• Leaves
• Barks
• Roots
• Other Sources

Category Covered:
• Herbal Pharmaceuticals
• Herbal Beauty Products
• Herbal Dietary Supplements
• Herbal Functional Foods

Medicinal Plants Covered:
• Aloe Vera
• Marrubium Vulgare
• Cinnamomum Spp
• Echinacea
• Curcuma Longa
• Camellia Sinensis
• Allium Sativum
• Vaccinium Macrocarpon
• Zingiber Officinale
• Actaea Racemose
• Cocos Nucifera

Forms Covered:
• Tablets & Capsules
• Syrups
• Powders
• Extracts

Distribution Channels Covered:
• Hospitals and Retail Pharmacies
• E-commerce

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Herbal Medicine Market, By Product
5.1 Introduction
5.2 Medicinal Part
5.3 Medicine Function
5.4 Active Ingredient

6 Global Herbal Medicine Market, By Source
6.1 Introduction
6.2 Fruits and vegetables
6.3 Leaves
6.4 Barks
6.5 Roots
6.6 Other Sources

7 Global Herbal Medicine Market, By Category
7.1 Herbal Pharmaceuticals
7.2 Herbal Beauty Products
7.3 Herbal Dietary Supplements
7.4 Herbal Functional Foods

8 Global Herbal Medicine Market, By Medicinal Plants
8.1 Introduction
8.2 Aloe Vera
8.3 Marrubium Vulgare
8.4 Cinnamomum Spp
8.5 Echinacea
8.6 Curcuma Longa
8.7 Camellia Sinensis
8.8 Allium Sativum
8.9 Vaccinium Macrocarpon
8.10 Zingiber Officinale
8.11 Actaea Racemose
8.12 Cocos Nucifera

9 Global Herbal Medicine Market, By Form
9.1 Tablets & Capsules
9.2 Syrups
9.3 Powders
9.4 Extracts

10 Global Herbal Medicine Market, By Distribution Channel
10.1 Hospitals and Retail Pharmacies
10.2 E-commerce

11 Global Herbal Medicine Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Patanjali Ayurved Ltd.
13.2 Arizona Natural Products
13.3 Beovita Vital GmbH
13.4 Venus Pharma GmbH
13.5 Himalaya Global Holdings Ltd.
13.6 Dabur India Ltd.
13.7 Blackmores Ltd.
13.8 Dr. Willmar Schwabe India Pvt. Ltd.
13.9 Lotus Herbals Pvt Ltd
13.10 Arkopharma Laboratories Co. Ltd.
13.11 Kunnath Pharmaceuticals
13.12 Bayer AG
13.13 ZeinPharma Germany GmbH

List of Tables
1 Global Herbal Medicine Market Outlook, By Region (2020-2028) ($MN)
2 Global Herbal Medicine Market Outlook, By Product (2020-2028) ($MN)
3 Global Herbal Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
4 Global Herbal Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
5 Global Herbal Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
6 Global Herbal Medicine Market Outlook, By Source (2020-2028) ($MN)
7 Global Herbal Medicine Market Outlook, By Introduction (2020-2028) ($MN)
8 Global Herbal Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
9 Global Herbal Medicine Market Outlook, By Leaves (2020-2028) ($MN)
10 Global Herbal Medicine Market Outlook, By Barks (2020-2028) ($MN)
11 Global Herbal Medicine Market Outlook, By Roots (2020-2028) ($MN)
12 Global Herbal Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
13 Global Herbal Medicine Market Outlook, By Category (2020-2028) ($MN)
14 Global Herbal Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
15 Global Herbal Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
16 Global Herbal Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
17 Global Herbal Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
18 Global Herbal Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
19 Global Herbal Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
20 Global Herbal Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
21 Global Herbal Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
22 Global Herbal Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
23 Global Herbal Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
24 Global Herbal Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
25 Global Herbal Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
26 Global Herbal Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
27 Global Herbal Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
28 Global Herbal Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
29 Global Herbal Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
30 Global Herbal Medicine Market Outlook, By Form (2020-2028) ($MN)
31 North America Herbal Medicine Market Outlook, By Country (2020-2028) ($MN)
32 North America Medicine Market Outlook, By Product (2020-2028) ($MN)
33 North America Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
34 North America Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
35 North America Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
36 North America Medicine Market Outlook, By Source (2020-2028) ($MN)
37 North America Medicine Market Outlook, By Introduction (2020-2028) ($MN)
38 North America Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
39 North America Medicine Market Outlook, By Leaves (2020-2028) ($MN)
40 North America Medicine Market Outlook, By Barks (2020-2028) ($MN)
41 North America Medicine Market Outlook, By Roots (2020-2028) ($MN)
42 North America Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
43 North America Medicine Market Outlook, By Category (2020-2028) ($MN)
44 North America Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
45 North America Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
46 North America Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
47 North America Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
48 North America Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
49 North America Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
50 North America Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
51 North America Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
52 North America Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
53 North America Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
54 North America Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
55 North America Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
56 North America Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
57 North America Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
58 North America Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
59 North America Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
60 North America Medicine Market Outlook, By Form (2020-2028) ($MN)
61 North America Medicine Market Outlook, By Tablets & Capsules (2020-2028) ($MN)
62 North America Medicine Market Outlook, By Syrups (2020-2028) ($MN)
63 North America Medicine Market Outlook, By Powders (2020-2028) ($MN)
64 North America Medicine Market Outlook, By Extracts (2020-2028) ($MN)
65 North America Medicine Market Outlook, By Distribution Channel (2020-2028) ($MN)
66 North America Medicine Market Outlook, By Hospitals and Retail Pharmacies (2020-2028) ($MN)
67 North America Medicine Market Outlook, By E-commerce (2020-2028) ($MN)
68 Europe Herbal Medicine Market Outlook, By Country (2020-2028) ($MN)
69 Europe Medicine Market Outlook, By Product (2020-2028) ($MN)
70 Europe Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
71 Europe Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
72 Europe Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
73 Europe Medicine Market Outlook, By Source (2020-2028) ($MN)
74 Europe Medicine Market Outlook, By Introduction (2020-2028) ($MN)
75 Europe Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
76 Europe Medicine Market Outlook, By Leaves (2020-2028) ($MN)
77 Europe Medicine Market Outlook, By Barks (2020-2028) ($MN)
78 Europe Medicine Market Outlook, By Roots (2020-2028) ($MN)
79 Europe Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
80 Europe Medicine Market Outlook, By Category (2020-2028) ($MN)
81 Europe Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
82 Europe Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
83 Europe Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
84 Europe Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
85 Europe Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
86 Europe Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
87 Europe Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
88 Europe Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
89 Europe Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
90 Europe Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
91 Europe Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
92 Europe Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
93 Europe Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
94 Europe Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
95 Europe Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
96 Europe Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
97 Europe Medicine Market Outlook, By Form (2020-2028) ($MN)
98 Europe Medicine Market Outlook, By Tablets & Capsules (2020-2028) ($MN)
99 Europe Medicine Market Outlook, By Syrups (2020-2028) ($MN)
100 Europe Medicine Market Outlook, By Powders (2020-2028) ($MN)
101 Europe Medicine Market Outlook, By Extracts (2020-2028) ($MN)
102 Europe Medicine Market Outlook, By Distribution Channel (2020-2028) ($MN)
103 Europe Medicine Market Outlook, By Hospitals and Retail Pharmacies (2020-2028) ($MN)
104 Europe Medicine Market Outlook, By E-commerce (2020-2028) ($MN)
105 Asia Pacific Herbal Medicine Market Outlook, By Country (2020-2028) ($MN)
106 Asia Pacific Medicine Market Outlook, By Product (2020-2028) ($MN)
107 Asia Pacific Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
108 Asia Pacific Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
109 Asia Pacific Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
110 Asia Pacific Medicine Market Outlook, By Source (2020-2028) ($MN)
111 Asia Pacific Medicine Market Outlook, By Introduction (2020-2028) ($MN)
112 Asia Pacific Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
113 Asia Pacific Medicine Market Outlook, By Leaves (2020-2028) ($MN)
114 Asia Pacific Medicine Market Outlook, By Barks (2020-2028) ($MN)
115 Asia Pacific Medicine Market Outlook, By Roots (2020-2028) ($MN)
116 Asia Pacific Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
117 Asia Pacific Medicine Market Outlook, By Category (2020-2028) ($MN)
118 Asia Pacific Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
119 Asia Pacific Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
120 Asia Pacific Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
121 Asia Pacific Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
122 Asia Pacific Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
123 Asia Pacific Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
124 Asia Pacific Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
125 Asia Pacific Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
126 Asia Pacific Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
127 Asia Pacific Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
128 Asia Pacific Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
129 Asia Pacific Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
130 Asia Pacific Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
131 Asia Pacific Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
132 Asia Pacific Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
133 Asia Pacific Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
134 Asia Pacific Medicine Market Outlook, By Form (2020-2028) ($MN)
135 Asia Pacific Medicine Market Outlook, By Tablets & Capsules (2020-2028) ($MN)
136 Asia Pacific Medicine Market Outlook, By Syrups (2020-2028) ($MN)
137 Asia Pacific Medicine Market Outlook, By Powders (2020-2028) ($MN)
138 Asia Pacific Medicine Market Outlook, By Extracts (2020-2028) ($MN)
139 Asia Pacific Medicine Market Outlook, By Distribution Channel (2020-2028) ($MN)
140 Asia Pacific Medicine Market Outlook, By Hospitals and Retail Pharmacies (2020-2028) ($MN)
141 Asia Pacific Medicine Market Outlook, By E-commerce (2020-2028) ($MN)
142 South America Herbal Medicine Market Outlook, By Country (2020-2028) ($MN)
143 South America Medicine Market Outlook, By Product (2020-2028) ($MN)
144 South America Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
145 South America Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
146 South America Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
147 South America Medicine Market Outlook, By Source (2020-2028) ($MN)
148 South America Medicine Market Outlook, By Introduction (2020-2028) ($MN)
149 South America Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
150 South America Medicine Market Outlook, By Leaves (2020-2028) ($MN)
151 South America Medicine Market Outlook, By Barks (2020-2028) ($MN)
152 South America Medicine Market Outlook, By Roots (2020-2028) ($MN)
153 South America Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
154 South America Medicine Market Outlook, By Category (2020-2028) ($MN)
155 South America Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
156 South America Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
157 South America Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
158 South America Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
159 South America Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
160 South America Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
161 South America Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
162 South America Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
163 South America Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
164 South America Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
165 South America Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
166 South America Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
167 South America Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
168 South America Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
169 South America Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
170 South America Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
171 South America Medicine Market Outlook, By Form (2020-2028) ($MN)
172 South America Medicine Market Outlook, By Tablets & Capsules (2020-2028) ($MN)
173 South America Medicine Market Outlook, By Syrups (2020-2028) ($MN)
174 South America Medicine Market Outlook, By Powders (2020-2028) ($MN)
175 South America Medicine Market Outlook, By Extracts (2020-2028) ($MN)
176 South America Medicine Market Outlook, By Distribution Channel (2020-2028) ($MN)
177 South America Medicine Market Outlook, By Hospitals and Retail Pharmacies (2020-2028) ($MN)
178 South America Medicine Market Outlook, By E-commerce (2020-2028) ($MN)
179 Middle East & Africa Herbal Medicine Market Outlook, By Country (2020-2028) ($MN)
180 Middle East & Africa Medicine Market Outlook, By Product (2020-2028) ($MN)
181 Middle East & Africa Medicine Market Outlook, By Medicinal Part (2020-2028) ($MN)
182 Middle East & Africa Medicine Market Outlook, By Medicine Function (2020-2028) ($MN)
183 Middle East & Africa Medicine Market Outlook, By Active Ingredient (2020-2028) ($MN)
184 Middle East & Africa Medicine Market Outlook, By Source (2020-2028) ($MN)
185 Middle East & Africa Medicine Market Outlook, By Introduction (2020-2028) ($MN)
186 Middle East & Africa Medicine Market Outlook, By Fruits and vegetables (2020-2028) ($MN)
187 Middle East & Africa Medicine Market Outlook, By Leaves (2020-2028) ($MN)
188 Middle East & Africa Medicine Market Outlook, By Barks (2020-2028) ($MN)
189 Middle East & Africa Medicine Market Outlook, By Roots (2020-2028) ($MN)
190 Middle East & Africa Medicine Market Outlook, By Other Sources (2020-2028) ($MN)
191 Middle East & Africa Medicine Market Outlook, By Category (2020-2028) ($MN)
192 Middle East & Africa Medicine Market Outlook, By Herbal Pharmaceuticals (2020-2028) ($MN)
193 Middle East & Africa Medicine Market Outlook, By Herbal Beauty Products (2020-2028) ($MN)
194 Middle East & Africa Medicine Market Outlook, By Herbal Dietary Supplements (2020-2028) ($MN)
195 Middle East & Africa Medicine Market Outlook, By Herbal Functional Foods (2020-2028) ($MN)
196 Middle East & Africa Medicine Market Outlook, By Medicinal Plants (2020-2028) ($MN)
197 Middle East & Africa Medicine Market Outlook, By Aloe Vera (2020-2028) ($MN)
198 Middle East & Africa Medicine Market Outlook, By Marrubium Vulgare (2020-2028) ($MN)
199 Middle East & Africa Medicine Market Outlook, By Cinnamomum Spp (2020-2028) ($MN)
200 Middle East & Africa Medicine Market Outlook, By Echinacea (2020-2028) ($MN)
201 Middle East & Africa Medicine Market Outlook, By Curcuma Longa (2020-2028) ($MN)
202 Middle East & Africa Medicine Market Outlook, By Camellia Sinensis (2020-2028) ($MN)
203 Middle East & Africa Medicine Market Outlook, By Allium Sativum (2020-2028) ($MN)
204 Middle East & Africa Medicine Market Outlook, By Vaccinium Macrocarpon (2020-2028) ($MN)
205 Middle East & Africa Medicine Market Outlook, By Zingiber Officinale (2020-2028) ($MN)
206 Middle East & Africa Medicine Market Outlook, By Actaea Racemose (2020-2028) ($MN)
207 Middle East & Africa Medicine Market Outlook, By Cocos Nucifera (2020-2028) ($MN)
208 Middle East & Africa Medicine Market Outlook, By Form (2020-2028) ($MN)
209 Middle East & Africa Medicine Market Outlook, By Tablets & Capsules (2020-2028) ($MN)
210 Middle East & Africa Medicine Market Outlook, By Syrups (2020-2028) ($MN)
211 Middle East & Africa Medicine Market Outlook, By Powders (2020-2028) ($MN)
212 Middle East & Africa Medicine Market Outlook, By Extracts (2020-2028) ($MN)
213 Middle East & Africa Medicine Market Outlook, By Distribution Channel (2020-2028) ($MN)
214 Middle East & Africa Medicine Market Outlook, By Hospitals and Retail Pharmacies (2020-2028) ($MN)
215 Middle East & Africa Medicine Market Outlook, By E-commerce (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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