Organic Medicinal Herbs Market Growth Prospects, Trends, Segments, Key Players and Forecast to 2027

The globalOrganic Medicinal Herbs marketwas valued at USD 346.03 Million in 2020 and is expected to reach USD 533.21 Million by year 2027, at a CAGR of 6.37%. The key factors contributing to the market growth are rising inclination towards natural and organic products, awareness regarding preventive healthcare, and surging spending on health and wellness. Growing elderly population along with the rising prevalence of chronic conditions is also fueling the demand for medicinal herbs across the globe.According to the World Health Organization (WHO) more than one billion people rely on herbal medicines to some extent. The WHO has listed 21,000 plants that have reported medicinal uses around the world. Consumers in developed countries are becoming more attentive to natural products; and are demanding more information on the ingredients and the additives found in their food, drink, and health products including details on processes used to grow the plant raw materials used in the products they are purchasing. In some situations, they are also willing to pay higher prices. The demand for local, organic herbs is rapidly growing with the recovery of herbalism and cohesive medicine. Increasing research funding for herbal medicines, and multiple applications of herbal medicine, increasing demand for natural herbs are some of the important factors driving the growth of the market. Poor standardization, the side-effects, and allergic reactions are the significant limitations for the market growth during 2017-2027.

It is segmented into key regions around the world based on growth rate, share, size, trends, current and emerging factors, production and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and key player presence across the globe. To gain a better understanding of the regional spread and progress of theOrganic Medicinal Herbs Market, the report provides a country-by-country analysis of the market.

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Market Overview:

A growing number of patients are benefiting from cell and gene therapies; previously incurable diseases are finding a cure. Pharmaceutical and healthcare sectors are changing rapidly. With the advent of artificial intelligence (AI) and machine-learning technologies, expectations are rising for more inventive, faster, and less expensive therapeutic development. A data-driven approach could be beneficial to the manufacturing, supply chain, and healthcare ecosystem at large. As a result of increased technology use and data sharing, as well as increased willingness to use prescription and treatment tools, attitudes and behaviors of consumers are changing. Over the next few years, such factors are expected to drive the growth of the pharmaceutical and healthcare markets.

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Companies considered and profiled in this market study

Key participants in the Organic Medicinal Herbs market are Young Living, Symrise AG, Firmenich, Worlee Group, Kangcare Bioindustry Co, Ltd, Sunrise Nutrachem, Organic Spices, Inc., Frontier Natural Products Co-op, Native Extracts Pty Ltd and New Zealand Botanicals among others.

Segments covered in the report

This report forecasts revenue growth at a global, regional country level, and provides an analysis of the market trends in each of the sub-segments from 2017 to 2027. For the purpose of this study, Reports and Data have segmented the Organic Medicinal Herbs market on the basis of herb, form, source, product, end use, and region:

Herb (Revenue, USD Million; 20172027)

Echinacea
Rosemary
Sage
Myrtle
Thyme
NML
Chives
Mint
Multi-herb Products
Others

Source (Revenue, USD Million; 20172027)

Leaves
Roots
Fruits
Others

Product (Revenue, USD Million; 20172027)

Extracts
Essential Oil

Form (Revenue, USD Million; 20172027)

Powder
Liquid

End Use (Revenue, USD Million; 20172027)

Medicinal
Functional food beverage
Others

Regional Outlook (Revenue in USD Million; 20172027)

North America

U.S
Canada

Europe

Germany
France
UK
Spain
Italy
Rest of the Europe

Asia Pacific

China
India
Japan
Rest of Asia-Pacific

Rest of the World

Middle East Africa
Latin America

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Major Points covered in this report are as below:

In this report, market development trends and marketing channels in the Organic Medicinal Herbs Market industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.

This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.

Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.

For companies and individuals interested in theOrganic Medicinal Herbs Market industry, theOrganic Medicinal Herbs Market report provides information on the current market status of theOrganic Medicinal Herbs Market manufacturers and provides valuable guidance and direction.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

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