Global Herbal Medicine Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

Herbal medicine--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 medicine in the treating and preventing disease.

Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices.
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.

Market Analysis and Insights: Global Herbal Medicine Market
In 2019, the global Herbal Medicine market size was US$ 138350 million and it is expected to reach US$ 218940 million by the end of 2026, with a CAGR of 6.7% during 2021-2026.
Global Herbal Medicine Scope and Market Size
Herbal Medicine market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Herbal Medicine market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the Herbal Medicine market is segmented into
Detoxification Medicine
Antipyretic Medicine
Aigestant Medicine
Blood Circulation Medicine
Others

Segment by Application, the Herbal Medicine market is segmented into
Western Herbalism
Traditional Chinese Medicine
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and Herbal Medicine Market Share Analysis
Herbal Medicine market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Herbal Medicine product introduction, recent developments, Herbal Medicine sales by region, type, application and by sales channel.

The major companies include:
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