DUBLIN--(BUSINESS WIRE)--The "Herbal Medicines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Herbal Medicines estimated at US$135 Billion in the year 2022, is projected to reach a revised size of US$178.4 Billion by 2026, growing at a CAGR of 8.1% over the analysis period.
The U.S. Market is Estimated at $24.5 Billion in 2022, While China is Forecast to Reach $32.9 Billion by 2026
The Herbal Medicines market in the U.S. is estimated at US$24.5 Billion in the year 2022. The country currently accounts for a 18.4% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$32.9 Billion in the year 2026 trailing a CAGR of 10.8% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR while Rest of European market (as defined in the study) will reach US$35.8 Billion by the end of the analysis period. The demand for herbal supplements has been predominantly concentrated in the West, due to relatively high levels of health consciousness, and widespread and easy access to products.
Herbal Beauty Products Segment to Reach $20.2 Billion by 2026
Medicinal herbs offer highly functional ingredients for manufacturing beauty products and cosmetics. Herbal ingredients provide reliable ingredients to enrich the cosmetic products and deliver much better functionality than regular chemicals-based cosmetics.
The increasing uptake of these herbal products is credited to rising consumer awareness regarding negative implications of inorganic cosmetics ingredients. In the global Herbal Beauty Products segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment.
Select Competitors (Total 234 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/z3duo8
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Insights on the Herbal Medicines Global Market to 2027 - Featuring Arizona Natural Products, Bayer, Blackmores and Dasherb Among Others -...
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