This report focuses on the Herbal Medicine in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. This report categorizes the market based on manufacturers, regions, type, and application.
Herbal medicine industry is dispersive relatively. Currently, there are many producing companies in the world herbal medicine industry. The main market players are Tsumura, Schwabe, Madaus, Yunnan Baiyao, Tongrentang and TASLY. The sales of herbal medicine increase to 763382 MT in 2018 from 636621 MT in 2013 with average growth rate of 3.70%.
In consumption market, Europe and Asia Pacific are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 72.36% of the global consumption volume in total.
Herbal medicine has many types, which include detoxification medicine, antipyretic medicine, Digestant medicine, blood circulation medicine, and others. With fewer side effects of herbal medicine treatment, it will be more and more popular. So, herbal medicine has a huge market potential in the future.
The worldwide market for Herbal Medicine is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 1980300 million US$ in 2023, from 1250700 million US$ in 2017
Further in the report, Herbal Medicine Market is examined for price, cost and gross revenue. These three points are analysed for types, companies and regions. In prolongation with this data sale price for various types, applications and region is also included. The Herbal Medicine market consumption for major regions is given. Additionally, type wise and application wise consumption figures are also given.
The report helps answer the following questions:
– What is the current size of the Herbal Medicine market? – How is the Herbal Medicine market divided into different types of product segments? – How are the overall market and different product segments growing? – How is the market predicted to develop in the future?
The latest industry data included in this report: – Overall Herbal Medicine market size, 2013-2023 – Herbal Medicine market size by product segment, 2013-2023 – Growth rates of the overall market and different product segments, 2013-2023 – Shares of different product segments of the overall Herbal Medicine market, 2013, 2018, and 2023
For more details, visit: https://herbal.global-summit.com/