The global organic herbal medicine market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Organic herbs are defined as plants that have been cultivated by natural means on unpolluted land by adding organic material without the use of chemical fertilizers, pesticides, or herbicides. Most organic herbs are considered to be healthy food items such as turmeric, cinnamon, ginger, and garlic. However, organic herbs can also be used for medicinal purposes, which are termed organic herbal medicine. The market growth and rising product demand are attributable to increasing health consciousness among consumers. People all over the globe are not just consuming healthier foods, however, also shifting to medical care products with natural ingredients. These factors are contributing to the growth of the global organic herbal medicine market.
In addition to this, the growing disposable income of the global population coupled with the rising healthcare expenditure is also likely to provide a significant boost to the overall market growth. This clearly shows the shift of the global population toward a more sophisticated healthcare subsystem where the growing healthcare expenditure is likely to further push the overall demand for organic herbal medicine, thereby driving the global organic herbal medicine market growth.
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Some key players operating in the market include Tsumura & Co., and Blackmores Ltd., among others. These players are eyeing on strengthening their position in the market by adopting various strategies such as mergers and acquisitions, partnerships and collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in March 2021, Fitday – One Stop Nutrition Shop, a supplement startup based in Hyderabad, India, announced its plans to set up more than 50 brick-and-mortar stores across the country by 2023 with $8 million investment.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Application
- By Product
Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Tsumura & Co., and Blackmores Ltd., among others.
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Global Organic Herbal Medicine Market Report by Segment
By Application
- Hair
- Skin
- Health
By Product
- Health Supplement
- Medicinal Tea
- Herbal Medicines
- Cosmeceuticals
- Others
Global Organic Herbal Medicine Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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