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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1747280
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1747280
Medicinal Herbs Market, By Herb Type, By Form, By Application, By Source, By Distribution Channel, By Geography
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PAGES: 160 Pages
DELIVERY TIME: 2-3 business days
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Global Medicinal Herbs Market is estimated to be valued at USD 227.65 Bn in 2025 and is expected to reach USD 478.93 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.21% from 2025 to 2032.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2024 | Market Size in 2025: | USD 227.65 Bn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 11.21% | 2032 Value Projection: | USD 478.93 Bn |
The global medicinal herbs market has witnessed significant growth in recent years, driven by the increasing demand for natural and alternative healthcare solutions. Medicinal herbs, also known as botanical medicines or phytomedicines, have been used for centuries to prevent, treat, and manage various health conditions. These herbs contain bioactive compounds that offer therapeutic benefits, making them a popular choice among health-conscious consumers. The market encompasses a wide range of products, including herbal supplements, teas, extracts, and essential oils, which are derived from various plant species. The growing awareness about the potential side effects of conventional medications, coupled with the rising preference for organic and natural products, has further fueled the demand for medicinal herbs worldwide.
Market Dynamics:
The global medicinal herbs market is driven by several factors, including the increasing prevalence of chronic diseases, the growing geriatric population, and the rising consumer preference for natural and organic products. The COVID-19 pandemic has further accelerated the demand for medicinal herbs, as people seek natural ways to boost their immunity and maintain overall health. Moreover, the growing acceptance of traditional and complementary medicine, especially in developing countries, has opened up new opportunities for market growth. However, the market also faces certain restraints, such as the lack of standardization and quality control in herbal products, which can lead to inconsistency in efficacy and safety. Additionally, stringent regulations and the high cost of research and development pose challenges for manufacturers. Despite these restraints, the market presents significant opportunities, such as the development of innovative herbal formulations, the expansion of distribution channels, and the increasing demand for personalized medicine. The rise of e-commerce platforms has also made medicinal herbs more accessible to consumers worldwide.
Key Features of the Study:
- This report provides in-depth analysis of the global medicinal herbs market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global medicinal herbs market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Bio Botanica, Nature's Answer, Nutraceutical Corporation, Horphag Research (Pycnogenol), Indena S.p.A, Euromed S.A, Martin Bauer Group, Organic Herb Trading, Starwest Botanicals, Traditional Medicinals, Gaia Herbs, Herb Pharm, MediHerb (Integria Healthcare), Blackmores, and Schwabe Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global medicinal herbs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medicinal herbs market
Market Segmentation
- Herb Type Insights (Revenue, USD Bn, 2020 - 2032)
- Ginseng
- Echinacea
- Goldenseal
- Ashwagandha
- Licorice Root
- Chamomile
- Turmeric
- Ginger
- Garlic
- Milk Thistle
- Ginkgo Biloba
- Saw Palmetto
- St John's Wort
- Valerian
- Peppermint
- Aloe Vera
- Other Herbs
- Form Insights (Revenue, USD Bn, 2020 - 2032)
- Raw Herbs/Whole Herbs
- Extracts
- Powdered Extracts
- Liquid Extracts
- Capsules/Tablets
- Teas
- Oils
- Creams/Ointments
- Application Insights (Revenue, USD Bn, 2020 - 2032)
- Pharmaceuticals
- Nutraceuticals
- Dietary Supplements
- Traditional Medicine
- Source Insights (Revenue, USD Bn, 2020 - 2032)
- Conventional
- Organic
- Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
- Pharmacies/Drug Stores
- Online Retail
- Specialty Stores
- Direct Selling
- Supermarkets/Hypermarkets
- Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Bio Botanica
- Nature's Answer
- Nutraceutical Corporation (Now part of Chinese company Bright Food)
- Horphag Research (Pycnogenol)
- Indena S.p.A
- Euromed S.A
- Martin Bauer Group
- Organic Herb Trading
- Starwest Botanicals
- Traditional Medicinals
- Gaia Herbs
- Herb Pharm
- MediHerb (Integria Healthcare)
- Blackmores
- Schwabe Group
Product Code: CMI7923
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Medicinal Herbs Market, By Herb Type
- Global Medicinal Herbs Market, By Form
- Global Medicinal Herbs Market, By Application
- Global Medicinal Herbs Market, By Source
- Global Medicinal Herbs Market, By Distribution Channel
- Global Medicinal Herbs Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Medicinal Herbs Market, By Herb Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Ginseng
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Echinacea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Goldenseal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Ashwagandha
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Licorice Root
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Chamomile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Turmeric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Ginger
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Garlic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Milk Thistle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Ginkgo Biloba
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Saw Palmetto
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- St John's Wort
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Valerian
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Peppermint
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Aloe Vera
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Other Herbs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Medicinal Herbs Market, By Form, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Raw Herbs/Whole Herbs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Extracts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Powdered Extracts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Liquid Extracts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Capsules/Tablets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Teas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Oils
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Creams/Ointments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Medicinal Herbs Market, By Application, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Nutraceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Dietary Supplements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Traditional Medicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Medicinal Herbs Market, By Source, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Organic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Medicinal Herbs Market, By Distribution Channel, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
- Pharmacies/Drug Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Online Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Direct Selling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
- Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
9. Global Medicinal Herbs Market, By Region, 2020 - 2032, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Herb Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Form, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Source, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
10. Competitive Landscape
- Bio Botanica
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nature's Answer
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nutraceutical Corporation (Now part of Chinese company Bright Food)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Horphag Research (Pycnogenol)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Indena S.p.A
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Euromed S.A
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Martin Bauer Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Organic Herb Trading
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Starwest Botanicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Traditional Medicinals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gaia Herbs
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Herb Pharm
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MediHerb (Integria Healthcare)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Blackmores
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Schwabe Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us
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