Herbal Medicine Market Size To Increase By USD 39.52 Billion | 42% growth from Asia


NEW YORK, January 3, 2022 / PRNewswire / – The global phytotherapy market observes a substantial growth of Asia. Countries such as China, Japan, and India are emerging as potential markets for herbal medicines. Millennials in the region have a significant demand for health food and nutrition products. In addition, the increase in the number of self-reliant clients who rely on the Internet for information on balanced diet and nutrition is leading to a shift in medical diagnoses and treatments towards the consumption of herbal medicines. Additionally, the proliferation of retail stores that sell herbal medicines creates new growth opportunities for market players.

The latest market research report titled Herbal Medicine Market was announced by Technavio, which has proudly partnered with Fortune 500 companies for over 16 years.

Technavio expects the global herbal medicine market to grow by $ 39.52 billion between 2021 and 2026, progressing at a CAGR of 6.69% during the forecast period.

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The Herbal Medicine Market report covers key trends, major growth drivers, and challenges impacting the overall market growth. The immunostimulatory properties of herbal medicine are expected to positively impact the growth of the herbal medicine market during the forecast period. Many herbs are hostile to pathogens. This makes herbal remedies effective in combating various germs including viruses, bacteria, worms, and insects. Several studies by researchers around the world have proven that herbal remedies are effective in improving the immune system and reducing the chances of developing various diseases and medical conditions. This, coupled with a growing awareness, is promoting the growth of the market.

Technavio analyzes the market by product (capsules and tablets, powders, extracts, syrups, and others) and by geography (Asia, North America, Europe, and MEA).

By product, capsules and tablets represented the maximum sales in the market in 2021. They are safe, available at low cost and can be easily administered. Market growth in the segment is expected to be significant during the forecast period.

By geography, Asia will experience maximum growth. The region currently holds 42% of the global market share. The market will grow faster in Asia than in other regions.

This report presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources through analysis of key parameters.

Download our free sample to know the major growth drivers, trends and performing segments of the global Herbal Medicine Market.

Companies mentioned

  • Arizona Natural Products

  • Arkopharma Laboratories

  • Bio Botanica inc.

  • Blackmores Ltd.

  • Dabur India Ltd.

  • Himalaya Global Holdings Ltd.

  • Hishimo Pharmaceuticals Pvt. Ltd.

  • Ricola Ltd.

  • Schaper and Brummer GmbH and Co. KG

  • ZeinPharma Germany GmbH

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Associated reports:
Botanicals and Plant Derivatives Market by Type and Geography Forecast and Analysis 2021-2025

Vitamin K2 Market by Source and Geography – Forecast and Analysis 2022-2026

Scope of the herbal medicine market

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a CAGR of 6.69%

Market growth 2022-2026

$ 39.52 billion

Market structure


Annual growth (%)


Regional analysis

Asia, North America, Europe and MEA

Efficient contribution to the market

Asia at 42%

Main consumer countries

United States, China, Japan, India and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Arizona Natural Products, Arkopharma Laboratories, Bio Botanica Inc., Blackmores Ltd., Dabur India Ltd., Himalaya Global Holdings Ltd., Hishimo Pharmaceuticals Pvt. Ltd., Ricola Ltd., Schaper and Brummer GmbH and Co. KG and ZeinPharma Germany GmbH

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.


If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Technavio research
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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)



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SOURCE Technavio


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