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Market Overview of Global OTC Herbal and Traditional Medicines market:
According to our latest research, the global OTC Herbal and Traditional Medicines market looks promising in the next 5 years. As of 2022, the global OTC Herbal and Traditional Medicines market was estimated at USD 145941.47 million, and it's anticipated to reach USD 200346.76 million in 2028, with a CAGR of 5.42% during the forecast years.
Herbal medicines are naturally derived medicines for treatment of various ailments. These generally represent medicines sourced from medicinal herbs, or, plants. Traditional medicines are sum of practices, skills, and knowledge based on experiences, beliefs, and theories indigenous to various cultures, used for prevention, and maintenance of health. Various types of herbal and traditional medicines include Chinese/oriental medicines, naturopathy, homeopathy, and Ayurveda.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global OTC Herbal and Traditional Medicines market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global OTC Herbal and Traditional Medicines Market Report:
Market Size Estimates: OTC Herbal and Traditional Medicines market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: OTC Herbal and Traditional Medicines market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the OTC Herbal and Traditional Medicines market
Segment Market Analysis: OTC Herbal and Traditional Medicines market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: OTC Herbal and Traditional Medicines market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the OTC Herbal and Traditional Medicines Market: Revenue and sales volume of major countries in each region
OTC Herbal and Traditional Medicines Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the OTC Herbal and Traditional Medicines market in major regions.
OTC Herbal and Traditional Medicines Industry Value Chain: OTC Herbal and Traditional Medicines market raw materials & suppliers, manufacturing process, distributors, downstream customers
OTC Herbal and Traditional Medicines Industry News, Policies & Regulations
Key players in the global OTC Herbal and Traditional Medicines market are covered in Chapter 12:
Herbalife International
Naturex SA
Bio-Botanica, Inc.
Nutraceutical International Corporation
Biovontrade SARL
Bionorica SE
Dabur India Ltd.
Integria Healthcare Pty Ltd.
Blackmores Limited
Ricola AG
Phytomed Herbal Solutions
Amway Corporation
Jiaherb Inc.
The Bioforce Group
The Himalayan Drug Company
Medico Herbs
The Nature's Bounty Co.
Nutra Green Biotechnology Co., Ltd.
In Chapter 2 and Chapter 15.1, based on types, the OTC Herbal and Traditional Medicines market from 2018 to 2028 is primarily split into:
OTC Herbal
Traditional Medicine
In Chapter 3 and Chapter 15.2, based on applications, the OTC Herbal and Traditional Medicines market from 2018 to 2028 covers:
Pharmacy
Drug Store
Modern Trade
Online
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the OTC Herbal and Traditional Medicines market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028