The Global Herbal Medicine Market report titled “Herbal Medicine Market Research Report-Forecast to 2023″ is a specialist investigation report by Market Research Future includes broad essential research alongside the definite examination of subjective and additionally quantitative perspectives by different industry specialists, key sentiment pioneers to pick up a more profound understanding of the market and industry execution. Considering all these factors the market for herbal medicine is expected to reach $ 111 billion by the end of 2023, this market is projected to growing at a CAGR of ~7.2 % during 2017-2023.
Market Research Future published new report, titled “Herbal Medicine Market -Research Report: Global Forecast to 2023”.
Market Highlights of Global Herbal Medicine Market:
Herbal medicine, is a medicinal system which uses plant or animal materials such as seeds, roots, leaves, bark, flowers, oils etc. for medicinal purposes. Herbalism has emerged from a long historical tradition of using nature for curing diseases. According to WHO estimates, almost 80% of population of many Asian and African countries depend on traditional medicine for primary health care.
The herbal medicine market is led by growth in segment of certain herbs such as Soy, Echinacea, aloe vera and horse chestnut. Ginko is another herb that has been driving the market for herbal medicine. Increasing demand of food supplements such as multivitamins, omega-3 acid, is expected to drive the market growth in the future. The legalization of cannabis in some countries such as US will give a boost to the market for herbal medicine. Fish oil, probiotics etc. are some of the emerging animal segment herbal medicines.
Product development and marketing are strong strategies for the growth of the market. We predict the MLM strategy for faster market uptake by the herbal medicine players to yield greatest benefit. MLM compensates the sales force for personal sales as well as for the sales of others they recruit, which creates a line of distributors and a hierarchy of multiple levels of compensation.
Key Players for Global Herbal Medicine Market:
Key players profiled in the report are Himalaya Drug Company, Blackmores, Tsumura, Schwabe, Madaus, Arkopharma, Sheng Chang Pharmaceutical Company, China Herbs Company, Nutraceutical International Corporation, Ricola AG, Zandu Pharmaceutical Works Ltd, Hamdard laboratories, Dabur, Patanjali Ayurved Ltd.
“Tsumura & Co., H1 2018 Earnings Call, Nov 09, 2017, Nov-13-17” Tsumura & Co. declared dividend of JPY 32.00 per share for the second quarter ended September 30, 2017against JPY 32.00 per share for the same period a year ago. The company expects to pay a year-end dividend of JPY 32.00 per share for the year ending March 31, 2018 against JPY 32.00 per share for the same period a year ago. Thus the annual dividend would amount to JPY 64.00 per share for the year ending March 31, 2018 against JPY 64.00 per share for the same period a year ago.
“China Herb Group Mulls Acquisitions, May-19-16” China Herb Group Holdings Corporation, which has no business operations, intends to evaluate new industry, geographic and market opportunities. Their entry into a new business may take the form of acquiring a business or being acquired by an existing business or, least likely, developing a business organically.
Regional Analysis of Global Herbal Medicine Market:
Asia Pacific countries such as China followed by India accounts for the maximum market share due to its tradition of using the herbal system. Europe is the second largest market due to large disposable income and growing demand for natural therapies and remedies. The European market will be led by France followed by Germany. Asia pacific region will be the fastest region because of which will be led by China and India. The Middle East and Africa market will be led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa is expected to be a laggard due to poor economic and political conditions.
The report for Global Herbal medicine Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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The global herbal medicine market is segmented on the basis of system. Based on the system, the market has been segmented as Ayurveda, Chinese, Western and other. Based on the application, the market has been segmented as pharmaceutical, personal care and other. Based on the source, the market has been segmented as vegetable and animal. The vegetable segment is sub segmented into leaves and fruit, seeds, roots, bark and other. The animal segment is sub segmented into oils, bones, and other.
MAJOR TABLE OF CONTENTS:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 4. Market Factor Analysis
Chapter 5. Global Herbal Medicine Market, By System
Chapter 6. Global Herbal Medicine Market, By Application
Chapter 7. Global Herbal Medicine Market, By Source
Chapter 8. Global Herbal Medicine Market, By Region
Chapter 9. Competitive Landscape
Chapter 10. Company Profile
Chapter 11. Conclusion
Chapter 12. Appendix
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