The herbal medicines are created of
numerous parts of the plants namely leaves, roots, flower, seeds, barks, oil
and several others. The herbal medicines had been effectively used since the
ancient times for the treatment of several syndromes. By accepting the fresh
innovative methods, herbal medicines are now presented in the forms of syrups,
powders, capsules, tablets, and plant extracts. Some of the aspects namely
increasing the preference for the traditional medicines by the customer and
lesser side-effects even on the usage for a longer duration influence the
requirement for the herbal medicines.
Nonetheless, the worldwide herbal
medicine market based on its products, the global market has been categorized
into Herbal Pharmaceutical, Herbal Functional Foods, Herbal Dietary
Supplements, and several others. Based on its medicinal plants, the market is
sectored on the basis of Aconitum ferox (Ranunculaceae), Andrographis
paniculata (Acanthaceae), Allium sativum (Liliaceae), Crocus sativus
(Iridaceae), Commiphora weightii (Burseraceae). Based on its form, the market
is classified into powder, capsules and tablets, extracts and syrups. On the
basis of its source, the market is categorized into roots and barks, leaves,
fruit, and whole plant. Based on its indication, the market is split into
Cardiovascular Disorders, Digestive Disorders, Respiratory Disorders, Hypnotics
& Sedatives. On the basis of its distribution channel, the market is
sectored as e-commerce and hospitals and retail pharmacies.
Nonetheless, the worldwide herbal
medicine market is expected to increase at a CAGR of 5.88% during the review
period (2018-2023). The increasing utilization of the herbal products is one of
the major aspects influencing the growth of the worldwide herbal medicine
market. Herbal products are greatly utilized by consumers due to their health
benefits. Also, herbal products involve the natural ingredients which are
exceedingly preferred by health-conscious consumers. Therefore, in the coming
years, it is anticipated that the market of the herbal medicine will increase
around the globe more significantly over the coming years.
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Ankur Gupta, Head Marketing &
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