Herbal Medicinal Products Market Will Expand at 4.5% CAGR Up to 2025: QY Research, Inc.
Los Angeles, CA -- (SBWire) -- 04/11/2019 --Herbal Medicinal Products--also called botanical medicine or phytomedicine refers to using a plant's seeds, berries, roots, leaves, bark, or flowers for medicinal purposes. Herbalism has a long tradition of use outside of conventional medicine. It is becoming more mainstream as improvements in analysis and quality control along with advances in clinical research show the value of Herbal Medicinal Products in the treating and preventing disease.
Herbal Medicinal Products industry is dispersive relatively. Currently, there are many producing companies in the world Herbal Medicinal Products industry. The main market players are Tsumura, Schwabe, Madaus, Yunnan Baiyao, Tongrentang and TASLY. The sales of Herbal Medicinal Products increase to 763382 MT in 2018.
In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 72.36% of the global consumption volume in total.
Herbal Medicinal Products has many types, which include detoxification medicine, antipyretic medicine, Digestant medicine, blood circulation medicine, and others. With fewer side effects of Herbal Medicinal Products treatment, it will be more and more popular. So, Herbal Medicinal Products has a huge market potential in the future.
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In 2018, the global Herbal Medicinal Products market size was 141300 million US$ and it is expected to reach 191700 million US$ by the end of 2025, with a CAGR of 4.5% between 2019 and 2025.
This report studies the Herbal Medicinal Products market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the global top players, covered
Tsumura
Schwabe
Madaus
Weleda
Blackmores
Arkopharma
SIDO MUNCUL
Arizona Natural
Dabur
Herbal Africa
Nature's Answer
Bio-Botanica
Potter's
Zand
Nature Herbs
Imperial Ginseng
Yunnan Baiyao
Tongrentang
TASLY
Zhongxin
Kunming Pharma
Sanjiu
JZJT
Guangzhou Pharma
Taiji
Haiyao
Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa
Market segment by Type, the product can be split into
Detoxification Medicine
Antipyretic Medicine
Aigestant Medicine
Blood Circulation Medicine
Others
Market segment by Application, the market can be split into
Western Herbalism
Traditional Chinese Medicine
Others
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