The herbal market is projected to grow by USD 105.94 billion with a CAGR of 6.67%, during the forecast period 2020 to 2025.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (herbal supplements and remedies, herbal medicine, and herbal cosmetics) and geography (APAC, North America, Europe, South America, and MEA).

The herbal market report also offers information on several market vendors, including Archer Daniels Midland Co., Arkopharma Laboratories, Dabur India Ltd., Dasherb Corp., Glanbia Nutritionals Inc., Herbalife Nutrition Ltd., Himalaya Global Holdings Ltd., Hishimo Pharmaceuticals Pvt. Ltd., Patanjali Ayurved, and Schaper and Brummer GmbH and Co. KG among others.

Archer Daniels Midland Co. - The company offers herbal solutions that include phospholipids, vitamin E capsules, plant sterols, soy isoflavones, and flaxseed oil which can be used in a variety of nutritional supplements and in a variety of other applications such as nutrition bars, beverages, spreads, and dressings, under the brand name of ADM. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals.

What will the Herbal Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the global herbal market as a part of the global personal products market within the global household and personal products market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Herbal Market: Key Drivers, Trends, and Challenges

The increase in the prevalence of liver and heart diseases is notably driving the market growth, although factors such as adverse climatic conditions affecting herbal plat production may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Herbal Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the herbal market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Herbal Market?

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40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for herbal in APAC. Market growth in this region will be faster than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What is the Fastest-Growing Product Segment in the Herbal Market?

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The market share growth by the herbal supplements and remedies segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment. 

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What are the Key Data Covered in this Herbal Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of market vendors

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