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.
Herbal Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.67%
Market growth 2021-2025
USD 105.94 billion
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 40%
China, US, Japan, France, and Germany
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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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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- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Herbal supplements and remedies - Market size and forecast 2020-2025
- Herbal medicine - Market size and forecast 2020-2025
- Herbal cosmetics - Market size and forecast 2020-2025
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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
- Schaper and Brummer GmbH and Co. KG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
- Collation of data
- Estimation of key figures
- Analysis of derived insights
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape