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$2999 USD
The market for herbal medicines was estimated to be worth USD 151.91 billion in 2021, and it is anticipated to increase by USD 347.50 billion by 2029, growing at a CAGR of 11.16% from USD 165.66 billion in 2022. The COVID-19 pandemic has had an unprecedented and overwhelming impact on the world, and demand for herbal medicine is now higher than expected in all regions compared to pre-pandemic levels. According to our research, the global market grew by 8.46% in 2020 compared to 2019. Herbal medications are made from natural ingredients and are used for skin care and overall health. Ayurveda and traditional Chinese medicine are mostly utilised as herbal remedies in a variety of industrial applications in Asia.
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Market Size, Share & COVID-19 Impact Analysis, By Application (Pharmaceutical & Nutraceutical, Food & Beverages, and Personal Care & Beauty Products), By Form (Powder, Liquid & Gel, and Tablets & Capsules), and Regional Forecast
Segmented by Type (Ayurvedic Medicine, Herbal Medicine, Aroma Therapy, Homeopathy, Acupuncture, and Other Types)
Market Size, Share & COVID 19 Impact Analysis, By Application [Pharmaceutical & Nutraceutical, Food & Beverages, and Food & Beverages, Personal care & Beauty Products], By Form [Powder, Liquid & Gel, and Tablets & Capsule], Regional Forecast