Herbal Medicinal Products Market is expected to exhibit a CAGR of 5.5% over the forecast period, Owing to Increasing Adoption of Herbal Medicinal Products

Herbal medicinal products are defined as any medicinal product that contains active ingredients, such as one or more herbal preparations, one or more herbal substances, or a combination of the two. Moreover, such product include plant extracts, such as glycosides, polysaccharide, terpenoids, phenols, alkaloids, and resins. Herbal medicines are used to treat various medical conditions and enhance general health and wellbeing.

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Drivers:

Growing demand for herbal medicinal products due to low side effects, safety and high therapeutic effectiveness is expected to augment the growth of the global herbal medicinal products market. Herbal medicine research plays an important role in maintaining the overall health. The World Health Organization (WHO), Nigeria, India, China, and the United States have made significant research investments in traditional herbal medicines.

Moreover, increasing prevalence of allergic diseases, such as sinusitis, asthma, allergic rhinitis, and other respiratory allergies, are expected to fuel the global herbal medicinal products market growth over the forecast period. According to WHO, in 2013, more than 300 million people around the world suffered from asthma, and this number is expected to reach 400 million by 2025.

Furthermore, according to the research team from Wuyi Traditional Chinese Medicine Hospital, Herbal medicines improve quality of life of people with allergic rhinitis by relieving symptoms, and thus provide a safe and effective treatment option.

Regional Analysis:

Growth of the global herbal medicinal products market, in Asia Pacific, is driven by the presence of major players in the region. Manufacturers are adopting various strategies, such as acquisitions or collaborations, to expand their product offerings, as well as to promote ayurvedic products.

For example, in 2017, Amazon and Dabur India launched a platform to offer ayurvedic products of Dabur, as well as to provide information about ayurvedic products. Moreover, in 2016, Shree Dhanwantri Herbals and Lovely Professional University’s School of Ayurvedic Pharmaceutical Sciences teamed up to manufacture and promote ayurvedic products worldwide.

Trends:

Market players are developing novel products with high therapeutic effectiveness and lower side effects, which in turn is expected to boost the growth of the market. For example, in 2019, Sanfe announced the launch of period pain relief roll-on, an oil-based natural formulation that can be applied to the pain affected areas.

Major Key Players Include In Herbal Medicinal Products Market: Sanofi S.A, Himalaya Global Holdings Ltd., Arkopharma Laboratories, Integria Healthcare, Young Living Essential Oils, Boiron, Blackmores Ltd., and Soho Flordis International (SFI)

Main points in Herbal Medicinal Products Market Report Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Herbal Medicinal Products Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Herbal Medicinal Products Industry Impact

Chapter 2 Global Herbal Medicinal Products Competition by Types, Applications, and Top Regions and Countries
2.1 Global Herbal Medicinal Products (Volume and Value) by Type
2.3 Global Herbal Medicinal Products (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Herbal Medicinal Products Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Herbal Medicinal Products Market Analysis
Chapter 6 East Asia Herbal Medicinal Products Market Analysis
Chapter 7 Europe Herbal Medicinal Products Market Analysis
Chapter 8 South Asia Herbal Medicinal Products Market Analysis
Chapter 9 Southeast Asia Herbal Medicinal Products Market Analysis
Chapter 10 Middle East Herbal Medicinal Products Market Analysis
Chapter 11 Africa Herbal Medicinal Products Market Analysis
Chapter 12 Oceania Herbal Medicinal Products Market Analysis
Chapter 13 South America Herbal Medicinal Products Market Analysis
Chapter 14 Company Profiles and Key Figures in Herbal Medicinal Products Business
Chapter 15 Global Herbal Medicinal Products Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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• Current and future of Herbal Medicinal Products Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
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• The latest developments, market shares, and strategies that are employed by the major market players

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