Demand For Medicinal Herbs For Cosmeceuticals Accounts For Nearly 1/4th Of The Global Market Demand And Is Expected To Grow At A CAGR Of 8.5% During The Forecasted Period 2021-2031

In March 2020, a significant market demand for traditional medicine was noticed, when a Traditional Chinese Medicine (TCM) hospital suggested the use of herbs to combat coronavirus. AVA, co-owner of Medimix, a herbal soap brand, which was once limited to budgeted hotels and railways has witnessed an unprecedented upswing in demand, especially for liquid hand wash which has grown nearly by 25%. The nutraceutical producers, DSM have been continuously working to produce vitamin C to counter market demand across world and has nearly supplied 50 tonnes of vitamin C products to Hubei province, during the February lockdown.

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Liquid Medicinal Herbs Are Expected to Have Higher Growth Opportunities Owing To Rising Demand for Personal Care

Europe is considered to be the hub for personal care and beauty products owing to the presence of a large number of manufacturers. In Europe, nearly ½ of the medicinal herbs demanded were in liquid form owing to higher profit margins and convenience associated with liquid products. Liquid form has high demand from consumers and manufactures of personal care products owing to its feasibility. Owing to the impact of COVID-19, liquid medicinal herbs are expected to grow 3X during the forecast period.

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Key Takeaways of Medicinal Herb Market

• The European market is expected to maintain its dominance in demand for medicinal herbs during 2020-2030. However, South Asian market will grow at a higher CAGR of nearly 10%.
• Horsetail medicinal herbs are poised to grow at a CAGR of nearly 10.5% owing to its high utilization in haircare during the forecasted period. However, the market of Dandelion will grow by nearly 2.5X by 2030.
• In China, the absolute $ opportunity for medicinal herb will be pegged at US $800 Mn from 2020-2030.
• The market for conventional medicinal herbs will grow by nearly 3X through 2030, owing to the focus of key players to cultivate medicinal herbs through conventional methods.
• In Europe 1/3rd of the demand for medicinal herb is from health supplements and nutritive jams

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Medicinal Herbs Market: Segmentation

FactMR’s study has done the segmentation of medicinal herbs market on the basis of base product type, nature, packaging, and sales channel.

Type

• Horsetail
• Dandelion
• Echinacea
• Valerian
• St. John’s Wort
• Lemon Balm
• Yarrow
• Calendula
• Peppermint
• Spearmint
• Marshmallow Wintergreen

Nature

• Organic
• Conventional

Form

• Whole
• Powder
• Liquid

End-Use

• Medicinal Tea
• Health Supplement
• Nutritive Jams
• Herbal Medicines
• Cosmeceuticals
• Other Uses

Key Country-wise Inclusions

• US Medicinal Herbs Market Market
  • Canada Medicinal Herbs Market Market Sale
  • Germany Medicinal Herbs Market Market Production
  • UK Medicinal Herbs Market Market Industry
  • France Medicinal Herbs Market Market
  • Spain Medicinal Herbs Market Market Supply-Demand
  • Italy Medicinal Herbs Market Market Outlook
  • Russia & CIS Market Analysis
  • China Medicinal Herbs Market Market Intelligence
  • India Medicinal Herbs Market Market Demand Assessment
  • Japan Medicinal Herbs Market Market Supply Assessment
  • ASEAN Medicinal Herbs Market Market Scenario
  • Brazil Medicinal Herbs Market Market Sales Analysis
  • Mexico Medicinal Herbs Market Market Sales Intelligence

The report covers following Medicinal Herbs Market insights and assessment that are helpful for all participants involved in the Intradermal Injections market:

• Data on recently introduced regulations and their impact on key industries and on demand in Medicinal Herbs Market
• Latest industry Medicinal Herbs Market with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Medicinal Herbs Market and changing consumer preferences in major industries.
• Changing Medicinal Herbs Market demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Medicinal Herbs Market major players
• Medicinal Herbs Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Medicinal Herbs Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

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