Herbal Medicine Market Size, Share & Trends Estimation Report By Form (Powder,

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6. MarketOverview Herbal medicine is a class of nutritional supplement made from the extracts of different plant parts, such as berries, roots, leaves, bark, and seeds. Since ancient times, herbal remedies have been utilized to cure a wide range of illnesses. Thanks to innovative, state-of-the-art methods, these drugs are accessible in multiple dosage forms. The market is split into Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, and Herbal Beauty Products, based on category.Thesafety and effectiveness of plants employed in 21st-century herbalism, which typically lacks purity and dose requirements, are the subject of little scientific research. Herbal medicine usually includes minerals, shells, certain animal parts, fungi, and products from bees. Phytotherapy and phytomedicine are additional names for herbal medicine.

7. Market Dynamics: • Latest Trends: • Herbal supplements are being used more often. • The usage of herbal products by physicians and patients is growing. According to the WHO, 10% to 50% of individuals in developed nations frequently use herbal products. The primary rationale for utilizing herbal items is their superior ability to aid the body in combating illness compared to synthetic medications. Sometimes, the only accessible and reasonably priced medical alternative in developing nations like Bangladesh, South Africa, Vietnam, China, Japan, India, and South Africa is herbal medicine. These drugs are preferred by patients for coughs, colds, anxiety, stomach issues, and other ailments. It is anticipated that the continued use of herbal supplements will present market expansion prospects. • Driving Factors: • Growing Need of Natural Ingredients in Cosmetic Industry • Exporters can leverage natural components from developing nations to grow their business in developed regions by using the cosmetics sector. The cosmetics industry's need for natural components is growing daily. The primary drivers of this demand are rising consumer interest in natural cosmetics and an increasing emphasis on natural herbal substitutes for synthetic components by the cosmetics industry. Natural substances are gradually replacing synthetic chemicals in cosmetics. The main goals here are to meet consumer needs and transition to more environmentally friendly raw materials. Consumer desire for chemical-free toiletries, cosmetics, and personal care items.

8. The Global Herbal Medicine Market has been segmented into: By Source, Leaves, Roots and barks, Fruits, Whole plants, Others By Form, Powder, Liquid & Gel, Tablets & Capsules, Others By Application, Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products, Others By Category, Herbal Pharmaceuticals, Herbal Functional Foods, Herbal Dietary Supplements, Herbal Beauty Products

9. The Global Herbal Medicine Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Strategic Development: November 2020: Under the brand name "Viromune," antiviral immunity booster tablets were introduced throughout India by Kunnath Pharmaceuticals, an Indian herbal product company. The company hopes to reach USD 266 million in sales within the next three years with this launch. In March 2021, Lotus, a well-known beauty company in India, introduces the Lotus Botanicals line. This e-commerce brand allows users to order skin and hair care items from Lotus Botanicals only through Lotus Botanicals and other third-party e-commerce channels.

11. Market Players • Cultivator Natural Products Pvt.Ltd. (India) • 21ST Century HealthCare, Inc. (U.S.) • Herbalife Nutrition (U.S.) • ZeinPharma Germany GmbH (Germany) • Blackmore’s Limited (Australia) • Himalaya Global Holdings Ltd. (India) • Nutraceuticals Corporation (U.S.) • Emami Limited (India) • Nature's Answer, LLC. (U.S.) • Patanjali Ayurveda Limited (India) • Others

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