OTC Herbal and Traditional Medicines Market

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.
OTC Herbal and Traditional Medicines Market contains market size and forecasts of OTC Herbal and Traditional Medicines in global, including the following market information:
Global OTC Herbal and Traditional Medicines Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global OTC Herbal and Traditional Medicines Market Sales, 2017-2022, 2023-2028, (MT)
Global top five OTC Herbal and Traditional Medicines companies in 2021 (%)
The global OTC Herbal and Traditional Medicines market was valued at 152670 million in 2021 and is projected to reach US$ 182510 million by 2028, at a CAGR of 2.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
OTC Herbal Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of OTC Herbal and Traditional Medicines include Tsumura, Schwabe, Madaus, Weleda, Blackmores, Arkopharma, SIDO MUNCUL, Arizona Natural and Dabur, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the OTC Herbal and Traditional Medicines manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global OTC Herbal and Traditional Medicines Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global OTC Herbal and Traditional Medicines Market Segment Percentages, by Type, 2021 (%)
OTC Herbal
Traditional Medicine
Global OTC Herbal and Traditional Medicines Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global OTC Herbal and Traditional Medicines Market Segment Percentages, by Application, 2021 (%)
Detoxification Medicine
Antipyretic Medicine
Digestive Medicine
Blood Circulation Medicine
Global OTC Herbal and Traditional Medicines Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global OTC Herbal and Traditional Medicines Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies OTC Herbal and Traditional Medicines revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies OTC Herbal and Traditional Medicines revenues share in global market, 2021 (%)
Key companies OTC Herbal and Traditional Medicines sales in global market, 2017-2022 (Estimated), (MT)
Key companies OTC Herbal and Traditional Medicines sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players 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