The Asia Pacific Herbal Medicine Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
Herbal medicine finds its roots in ancient healing traditions across the globe. Traditional treatment systems, such as Ayurveda in India, Traditional Chinese Medicine (TCM), and Native American herbalism, have long relied on plant-derived remedies to restore balance and alleviate illnesses. The pharmaceutical industry has increasingly recognized the therapeutic potential of herbal compounds. Active ingredients extracted from medicinal plants are being incorporated into pharmaceutical formulations, leading to the development of these medicines that meet modern regulatory standards. This integration has expanded the scope of these medicine in treating various conditions, from common ailments to chronic diseases.
Herbal extracts and botanicals are integral to the booming nutraceutical and dietary supplement industry. Consumers seeking natural alternatives for maintaining wellness and preventing health issues take herbal supplements. These products often combine traditional wisdom with scientific research to offer a holistic approach to health and well-being. The cosmetic and personal care industry has witnessed a surge in herbal formulations. Plant-derived ingredients are prized for their skincare benefits, including anti-aging, moisturizing, and anti-inflammatory properties. Herbal extracts, essential oils, and botanicals are increasingly featured in various skincare and beauty products.
Asia Pacific has a rich heritage of traditional medicine systems, including Ayurveda, Traditional Chinese Medicine (TCM), Kampo, and traditional healing practices from various cultures. according to the International Trade Administration, biopharmaceuticals account for approximately 15% of drug sales in Japan, whereas biopharmaceutical sales account for approximately 30% of all pharmaceutical sales globally. Biopharmaceutical companies in Japan can engage in research to explore the therapeutic potential of herbal compounds. This research can lead to identifying bioactive molecules in herbs that may have applications in biopharmaceutical drug development. Therefore, the factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Herbal Medicine Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31,382.8 million by 2030. The Japan market is registering a CAGR of 7.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9% during (2023 - 2030).
Free Valuable Insights: The Global Herbal Medicine Market is Predict to reach $342 Billion by 2030, at a CAGR of 7.9%
Based on Application, the market is segmented into Pharmaceutical & Nutraceutical, Personal Care & Beauty Products, and Food & Beverages. Based on Form, the market is segmented into Tablets & Capsules, Liquid & Gel, and Powder. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Herbalife nutrition Ltd.
- Blackmores Limited (Kirin Holdings Company, Limited)
- Himalaya Global Holdings Ltd.
- Nutraceutical Corporation
- Patanjali Ayurved Limited
- Genius Nature Herbs Private Limited
- Bio-Botanica, Inc.
- 21ST Century HealthCare, Inc.
- Emami Limited
- Cultivator Natural Products Pvt. Ltd.
Asia Pacific Herbal Medicine Market Report Segmentation
By Application
- Pharmaceutical & Nutraceutical
- Personal Care & Beauty Products
- Food & Beverages
By Form
- Tablets & Capsules
- Liquid & Gel
- Powder
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Herbal Medicine Market, by Application
1.4.2 Asia Pacific Herbal Medicine Market, by Form
1.4.3 Asia Pacific Herbal Medicine Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Herbal Medicine Market
Chapter 5. Asia Pacific Herbal Medicine Market by Application
5.1 Asia Pacific Pharmaceutical & Nutraceutical Market by Country
5.2 Asia Pacific Personal Care & Beauty Products Market by Country
5.3 Asia Pacific Food & Beverages Market by Country
Chapter 6. Asia Pacific Herbal Medicine Market by Form
6.1 Asia Pacific Tablets & Capsules Market by Country
6.2 Asia Pacific Liquid & Gel Market by Country
6.3 Asia Pacific Powder Market by Country
Chapter 7. Asia Pacific Herbal Medicine Market by Country
7.1 China Herbal Medicine Market
7.1.1 China Herbal Medicine Market by Application
7.1.2 China Herbal Medicine Market by Form
7.2 Japan Herbal Medicine Market
7.2.1 Japan Herbal Medicine Market by Application
7.2.2 Japan Herbal Medicine Market by Form
7.3 India Herbal Medicine Market
7.3.1 India Herbal Medicine Market by Application
7.3.2 India Herbal Medicine Market by Form
7.4 South Korea Herbal Medicine Market
7.4.1 South Korea Herbal Medicine Market by Application
7.4.2 South Korea Herbal Medicine Market by Form
7.5 Singapore Herbal Medicine Market
7.5.1 Singapore Herbal Medicine Market by Application
7.5.2 Singapore Herbal Medicine Market by Form
7.6 Malaysia Herbal Medicine Market
7.6.1 Malaysia Herbal Medicine Market by Application
7.6.2 Malaysia Herbal Medicine Market by Form
7.7 Rest of Asia Pacific Herbal Medicine Market
7.7.1 Rest of Asia Pacific Herbal Medicine Market by Application
7.7.2 Rest of Asia Pacific Herbal Medicine Market by Form
Chapter 8. Company Profiles
8.1 Herbalife Nutrition Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.5 SWOT Analysis
8.2 Blackmores Limited (Kirin Holdings Company, Limited)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.5 SWOT Analysis
8.3 Himalaya Global Holdings Ltd.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Geographical Expansions:
8.3.3 SWOT Analysis
8.4 Nutraceutical Corporation
8.4.1 Company Overview
8.5 Patanjali Ayurved Limited
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Genius Nature Herbs Private Limited
8.6.1 Company overview
8.7 Bio-Botanica, Inc.
8.7.1 Company Overview
8.8 21 ST Century HealthCare, Inc.
8.8.1 Company Overview
8.9 Emami Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Product Launches and Product Expansions:
8.9.5 SWOT Analysis
8.10. Cultivator Natural Products Pvt. Ltd.
8.10.1 Company Overview
TABLE 1 Asia Pacific Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Pharmaceutical & Nutraceutical Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Pharmaceutical & Nutraceutical Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Personal Care & Beauty Products Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Personal Care & Beauty Products Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Tablets & Capsules Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Tablets & Capsules Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Liquid & Gel Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Liquid & Gel Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Powder Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Powder Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Herbal Medicine Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Herbal Medicine Market by Country, 2023 - 2030, USD Million
TABLE 21 China Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 22 China Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 23 China Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 24 China Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 25 China Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 26 China Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 27 Japan Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 28 Japan Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 29 Japan Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 30 Japan Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 31 Japan Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 32 Japan Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 33 India Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 34 India Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 35 India Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 36 India Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 37 India Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 38 India Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 39 South Korea Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 40 South Korea Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 41 South Korea Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 42 South Korea Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 43 South Korea Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 44 South Korea Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 45 Singapore Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 46 Singapore Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 47 Singapore Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 48 Singapore Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 49 Singapore Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 50 Singapore Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 51 Malaysia Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 52 Malaysia Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 53 Malaysia Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 54 Malaysia Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 55 Malaysia Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 56 Malaysia Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 57 Rest of Asia Pacific Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 59 Rest of Asia Pacific Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of Asia Pacific Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 63 Key Information – Herbalife nutrition Ltd.
TABLE 64 Key Information – Blackmores Limited
TABLE 65 Key Information – Himalaya Global Holdings Ltd.
TABLE 66 Key Information – Nutraceutical Corporation
TABLE 67 Key Information – Patanjali Ayurved Limited
TABLE 68 Key Information – Genius Nature Herbs Private Limited
TABLE 69 Key Information – Bio-Botanica, Inc.
TABLE 70 Key Information – 21ST Century HealthCare, Inc.
TABLE 71 Key Information – Emami Limited
TABLE 72 Key Information – Cultivator Natural Products Pvt. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Herbal Medicine Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Herbal Medicine Market
FIG 4 Porter’s Five Forces Analysis - Herbal Medicine Market
FIG 5 Asia Pacific Herbal Medicine Market Share by Application, 2022
FIG 6 Asia Pacific Herbal Medicine Market Share by Application, 2030
FIG 7 Asia Pacific Herbal Medicine Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Herbal Medicine Market Share by Form, 2022
FIG 9 Asia Pacific Herbal Medicine Market Share by Form, 2030
FIG 10 Asia Pacific Herbal Medicine Market by Form, 2019 - 2030, USD Million
FIG 11 Asia Pacific Herbal Medicine Market Share by Country, 2022
FIG 12 Asia Pacific Herbal Medicine Market Share by Country, 2030
FIG 13 Asia Pacific Herbal Medicine Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Herbalife nutrition Ltd.
FIG 15 SWOT Analysis: Blackmores Limited
FIG 16 SWOT Analysis: Himalaya Global Holdings Ltd.
FIG 17 SWOT Analysis: Patanjali Ayurved Limited
FIG 18 SWOT Analysis: Emami Limited