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Herbal Medicine Market 2018 | with ~7.2% of CAGR | A Definite Shift towards the Developing World | Forecasts till 2023

Feb 09, 2018 (AB Digital via COMTEX) --

MarketResearchFuture.com adds “Herbal Medicine Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.

Regional analysis:

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.

Global Herbal medicine Market Players:

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.

Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Herbal medicine Market” Research Report – Forecast to 2023.

Market Highlights:

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

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Segmentation:

The global herbal medicine market is segmented on the basis of system. Based on the system, the market has been segmented as Ayurveda, Chinese, and 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.

BRIEF TOC:
CHAPTER 1 INTRODUCTION    
1.1 DEFINITION    
1.2 SCOPE OF STUDY    
1.2.1 RESEARCH OBJECTIVE    
1.2.2 ASSUMPTIONS & LIMITATIONS    
1.2.2.1 ASSUMPTIONS    
1.2.2.2 LIMITATIONS    
1.3 MARKET STRUCTURE:    

CHAPTER 2 RESEARCH METHODOLOGY    
2.1 RESEARCH PROCESS:    
2.2 PRIMARY RESEARCH    
2.3 SECONDARY RESEARCH:    

CHAPTER 3 MARKET DYNAMICS    
3.1 DRIVERS    
3.2 RESTRAINTS        
3.3 OPPORTUNITIES    
3.4 MACROECONOMIC INDICATORS    

CHAPTER 4 MARKET FACTOR ANALYSIS    
4.1 PORTERS FIVE FORCES MODEL    
4.2 BARGAINING POWER OF SUPPLIERS    
4.3 BARGAINING POWER OF BUYERS    
4.4 THREAT OF NEW ENTRANTS    
4.5 THREAT OF SUBSTITUTES    
4.6 INTENSITY OF RIVALRY    

CHAPTER 5 GLOBAL HERBAL MEDICINE MARKET, BY SYSTEM
5.1 AYURVEDA
5.2 CHINESE
5.3 WESTERN
5.4 OTHER

…CONTINUED

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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