Latest News- Herbal Medicine Market: Capsules and tablets is expected to lead the Product segment during 2025-2029

The Herbal Medicine Market is being driven by Inclination toward herbal and natural remedies

The Herbal Medicine Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 49.98 billion. In the herbal medicine market, technological advancements are revolutionizing research and development. Artificial Intelligence (AI) and machine learning models are utilized to analyze vast datasets, efficiently identifying bioactive plant compounds and predicting therapeutic properties such as anti-inflammatory or antiviral effects. Genomics and biotechnology progress enable mapping of medicinal plants' genetic profiles, enhancing our understanding of their pharmacological mechanisms. On the production side, technologies like spectrometry and high-performance liquid chromatography (HPLC) ensure quality control and standardization, maintaining the integrity and efficacy of herbal medicines. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Capsules and tablets
  • Powders
  • Extracts
  • Syrups
  • Others
• Distribution Channel
  • Hospitals and retail pharmacies
  • E-commerce
• Source
  • Leaves
  • Roots
  • Barks
  • Others
• Application
  • Pharmaceutical and nutraceutical
  • Food and beverages
  • Personal care and beauty products
• Variant
  • General wellness
  • Cardiovascular health
  • Cognitive health
  • Gut and digestive health
  • Others
• Geography
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Inclination toward herbal and natural remedies
• Preference for minimal side effects
• Emphasis on natural healing

However, the market also witnesses some limitations, which are as follows:

• Inadequate knowledge and stringent regulation of herbal medicines
• Difficulty determining inclusion of all plants or basic materials
• Slow healing process

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Market Scope in Herbal Medicine Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Herbal Medicine Market encompasses the production, research, and sale of herbal remedies derived from plant secondary metabolites. These remedies exhibit potent anti-inflammatory activity and antioxidant capacity. However, microbial contamination is a concern, necessitating rigorous quality control in herbal pharmacognosy. Herbal drug interactions, ethnobotanical survey analysis, and traditional formulations in Ayurvedic, Unani, and Homeopathic medicines require careful consideration. Proper packaging, distribution, pricing, and marketing strategies are essential for successful herbal medicine businesses.

Market Research Overview

In the expansive pharmaceuticals sector, encompassing entities involved in research and development (R&D) or manufacturing of various drug categories, including generics, non-generics, and veterinary drugs, herbal extract standardization and phytochemical fingerprinting assume pivotal roles. These techniques ensure consistency and quality in herbal medicines, aligning with industry standards. The global healthcare market, comprising revenue generated by providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is poised for growth. Key drivers include an aging population, with the global population aged 60 years and above projected to reach significant proportions in the US by 2050 and Europe by 2030.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/