Global Herbal Market 2024-2028

The herbal market is forecasted to grow by USD 130.3 bn during 2023-2028, accelerating at a CAGR of 6.8% during the forecast period. The report on the herbal market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in prevalence of liver and heart diseases, increasing number of healthcare facilities, and increasing demand for natural medicines.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.2%
CAGR	6.8%
Incremental Value	$130.3 bn

Technavio's herbal market is segmented as below:

By Delivery

Over the counter
Prescription

By Product

Herbal supplements and remedies
Herbal medicine
Herbal cosmetics

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the rising awareness about advantages of natural remedies as one of the prime reasons driving the herbal market growth during the next few years. Also, increase in number of clinical studies demonstrating health benefits and growing elderly population will lead to sizable demand in the market.

The report on the herbal market covers the following areas:

Herbal Market sizing
Herbal Market forecast
Herbal Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading herbal market vendors that include Archer Daniels Midland Co., Arizona Natural Products, Arkopharma Laboratories, Bellan Pharmaceuticals, Blackmores Ltd., Dabur India Ltd., Dasherb Corp., Dr. Willmar Schwabe India Pvt. Ltd., Gaia Herbs Inc., Glanbia plc, Greenstorm Foods Pty Ltd, Herbalife International of America Inc., Himalaya Global Holdings Ltd., Hishimo Pharmaceuticals Pvt. Ltd., KPC Products Inc., Patanjali Ayurved Ltd., Schaper and Brummer GmbH and Co. KG, SP Pharmaceuticals, Tsumura and Co., and ZeinPharma Germany GmbH. Also, the herbal market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR71092

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Delivery
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Herbal Market 2018 - 2022
- Historic Market Size - Data Table on Global Herbal Market 2018 - 2022 ($ billion)
4.2 Delivery segment analysis 2018 - 2022
- Historic Market Size - Delivery Segment 2018 - 2022 ($ billion)
4.3 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Delivery

6.1 Market segments
- Chart on Delivery - Market share 2023-2028 (%)
- Data Table on Delivery - Market share 2023-2028 (%)
6.2 Comparison by Delivery
- Chart on Comparison by Delivery
- Data Table on Comparison by Delivery
6.3 Over the counter - Market size and forecast 2023-2028
- Chart on Over the counter - Market size and forecast 2023-2028 ($ billion)
- Data Table on Over the counter - Market size and forecast 2023-2028 ($ billion)
- Chart on Over the counter - Year-over-year growth 2023-2028 (%)
- Data Table on Over the counter - Year-over-year growth 2023-2028 (%)
6.4 Prescription - Market size and forecast 2023-2028
- Chart on Prescription - Market size and forecast 2023-2028 ($ billion)
- Data Table on Prescription - Market size and forecast 2023-2028 ($ billion)
- Chart on Prescription - Year-over-year growth 2023-2028 (%)
- Data Table on Prescription - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Delivery
- Market opportunity by Delivery ($ billion)
- Data Table on Market opportunity by Delivery ($ billion)

7 Market Segmentation by Product

7.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
7.3 Herbal supplements and remedies - Market size and forecast 2023-2028
- Chart on Herbal supplements and remedies - Market size and forecast 2023-2028 ($ billion)
- Data Table on Herbal supplements and remedies - Market size and forecast 2023-2028 ($ billion)
- Chart on Herbal supplements and remedies - Year-over-year growth 2023-2028 (%)
- Data Table on Herbal supplements and remedies - Year-over-year growth 2023-2028 (%)
7.4 Herbal medicine - Market size and forecast 2023-2028
- Chart on Herbal medicine - Market size and forecast 2023-2028 ($ billion)
- Data Table on Herbal medicine - Market size and forecast 2023-2028 ($ billion)
- Chart on Herbal medicine - Year-over-year growth 2023-2028 (%)
- Data Table on Herbal medicine - Year-over-year growth 2023-2028 (%)
7.5 Herbal cosmetics - Market size and forecast 2023-2028
- Chart on Herbal cosmetics - Market size and forecast 2023-2028 ($ billion)
- Data Table on Herbal cosmetics - Market size and forecast 2023-2028 ($ billion)
- Chart on Herbal cosmetics - Year-over-year growth 2023-2028 (%)
- Data Table on Herbal cosmetics - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
- Chart on Asia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
- Chart on Asia - Year-over-year growth 2023-2028 (%)
- Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
- Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
- Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
- Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ billion)
- Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
9.9 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Archer Daniels Midland Co.
- Archer Daniels Midland Co. - Overview
- Archer Daniels Midland Co. - Business segments
- Archer Daniels Midland Co. - Key news
- Archer Daniels Midland Co. - Key offerings
- Archer Daniels Midland Co. - Segment focus
12.4 Arkopharma Laboratories
- Arkopharma Laboratories - Overview
- Arkopharma Laboratories - Product / Service
- Arkopharma Laboratories - Key offerings
12.5 Bellan Pharmaceuticals
- Bellan Pharmaceuticals - Overview
- Bellan Pharmaceuticals - Product / Service
- Bellan Pharmaceuticals - Key offerings
12.6 Blackmores Ltd.
- Blackmores Ltd. - Overview
- Blackmores Ltd. - Business segments
- Blackmores Ltd. - Key offerings
- Blackmores Ltd. - Segment focus
12.7 Dabur India Ltd.
- Dabur India Ltd. - Overview
- Dabur India Ltd. - Business segments
- Dabur India Ltd. - Key news
- Dabur India Ltd. - Key offerings
- Dabur India Ltd. - Segment focus
12.8 Dasherb Corp.
- Dasherb Corp. - Overview
- Dasherb Corp. - Product / Service
- Dasherb Corp. - Key offerings
12.9 Dr. Willmar Schwabe India Pvt. Ltd.
- Dr. Willmar Schwabe India Pvt. Ltd. - Overview
- Dr. Willmar Schwabe India Pvt. Ltd. - Product / Service
- Dr. Willmar Schwabe India Pvt. Ltd. - Key offerings
12.10 Gaia Herbs Inc.
- Gaia Herbs Inc. - Overview
- Gaia Herbs Inc. - Product / Service
- Gaia Herbs Inc. - Key offerings
12.11 Glanbia plc
- Glanbia plc - Overview
- Glanbia plc - Business segments
- Glanbia plc - Key news
- Glanbia plc - Key offerings
- Glanbia plc - Segment focus
12.12 Herbalife International of America Inc.
- Herbalife International of America Inc. - Overview
- Herbalife International of America Inc. - Product / Service
- Herbalife International of America Inc. - Key news
- Herbalife International of America Inc. - Key offerings
12.13 Himalaya Global Holdings Ltd.
- Himalaya Global Holdings Ltd. - Overview
- Himalaya Global Holdings Ltd. - Product / Service
- Himalaya Global Holdings Ltd. - Key offerings
12.14 Hishimo Pharmaceuticals Pvt. Ltd.
- Hishimo Pharmaceuticals Pvt. Ltd. - Overview
- Hishimo Pharmaceuticals Pvt. Ltd. - Product / Service
- Hishimo Pharmaceuticals Pvt. Ltd. - Key offerings
12.15 Patanjali Ayurved Ltd.
- Patanjali Ayurved Ltd. - Overview
- Patanjali Ayurved Ltd. - Product / Service
- Patanjali Ayurved Ltd. - Key offerings
12.16 Schaper and Brummer GmbH and Co. KG
- Schaper and Brummer GmbH and Co. KG - Overview
- Schaper and Brummer GmbH and Co. KG - Product / Service
- Schaper and Brummer GmbH and Co. KG - Key offerings
12.17 ZeinPharma Germany GmbH
- ZeinPharma Germany GmbH - Overview
- ZeinPharma Germany GmbH - Product / Service
- ZeinPharma Germany GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations