The Europe Herbal Medicine Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
The market is witnessing continuous innovation in product formulations. Companies are investing in research and development to enhance herbal products' efficacy, bioavailability, and taste. This includes the development of standardized extracts, novel delivery methods, and synergistic blends of herbal ingredients. Once confined to specific regions, traditional herbal knowledge is now becoming globally accessible. The traditional medicine systems, facilitated by the Internet and international collaborations, has led to the cross-cultural exchange of herbal practices and remedies. This has contributed to the diversification of these medicine offerings in the market.
E-commerce platforms have revolutionized the market, providing consumers easy access to a vast array of herbal products. Direct-to-consumer sales enable companies to connect with their target audience, communicate the unique benefits of their products, and build brand loyalty. Technology is playing an essential role in the market. From advanced extraction methods to the use of artificial intelligence in drug discovery from plant sources, the integration of technology is enhancing the efficiency and effectiveness of herbal remedies. This synergy between technology and traditional wisdom opens new avenues for product development.
Europe has a rich history of these medicine traditions deeply rooted in various cultures. According to Germany Trade and Invest, Germany generated a production value of EUR 32.4 billion in 2020, making it one of the leading pharmaceutical manufacturing locations in the EU. In 2020, the pharmaceutical industry in Germany invested almost EUR 7.7 billion in R&D. Increased investment from the pharmaceutical sector in the research and development of herbal drugs can lead to the discovery of new therapeutic applications for herbal remedies. This may include the identification of specific compounds with pharmacological properties. It may offer alternative or complementary options for patients. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Herbal Medicine Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25,446.9 million by 2030. The UK market is exhibiting a CAGR of 6.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.1% during (2023 - 2030).
Free Valuable Insights: The Global Herbal Medicine Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Europe Herbal Medicine Market Report Segmentation
By Application
- Pharmaceutical & Nutraceutical
- Personal Care & Beauty Products
- Food & Beverages
By Form
- Tablets & Capsules
- Liquid & Gel
- Powder
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Herbal Medicine Market, by Application
1.4.2 Europe Herbal Medicine Market, by Form
1.4.3 Europe 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. Europe Herbal Medicine Market by Application
5.1 Europe Pharmaceutical & Nutraceutical Market by Country
5.2 Europe Personal Care & Beauty Products Market by Country
5.3 Europe Food & Beverages Market by Country
Chapter 6. Europe Herbal Medicine Market by Form
6.1 Europe Tablets & Capsules Market by Country
6.2 Europe Liquid & Gel Market by Country
6.3 Europe Powder Market by Country
Chapter 7. Europe Herbal Medicine Market by Country
7.1 Germany Herbal Medicine Market
7.1.1 Germany Herbal Medicine Market by Application
7.1.2 Germany Herbal Medicine Market by Form
7.2 UK Herbal Medicine Market
7.2.1 UK Herbal Medicine Market by Application
7.2.2 UK Herbal Medicine Market by Form
7.3 France Herbal Medicine Market
7.3.1 France Herbal Medicine Market by Application
7.3.2 France Herbal Medicine Market by Form
7.4 Russia Herbal Medicine Market
7.4.1 Russia Herbal Medicine Market by Application
7.4.2 Russia Herbal Medicine Market by Form
7.5 Spain Herbal Medicine Market
7.5.1 Spain Herbal Medicine Market by Application
7.5.2 Spain Herbal Medicine Market by Form
7.6 Italy Herbal Medicine Market
7.6.1 Italy Herbal Medicine Market by Application
7.6.2 Italy Herbal Medicine Market by Form
7.7 Rest of Europe Herbal Medicine Market
7.7.1 Rest of Europe Herbal Medicine Market by Application
7.7.2 Rest of Europe 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 Europe Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 2 Europe Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 3 Europe Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 4 Europe Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 5 Europe Pharmaceutical & Nutraceutical Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Pharmaceutical & Nutraceutical Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Personal Care & Beauty Products Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Personal Care & Beauty Products Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 12 Europe Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 13 Europe Tablets & Capsules Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Tablets & Capsules Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Liquid & Gel Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Liquid & Gel Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Powder Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Powder Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Herbal Medicine Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Herbal Medicine Market by Country, 2023 - 2030, USD Million
TABLE 21 Germany Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 22 Germany Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 23 Germany Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 24 Germany Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 25 Germany Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 26 Germany Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 27 UK Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 28 UK Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 29 UK Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 30 UK Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 31 UK Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 32 UK Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 33 France Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 34 France Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 35 France Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 36 France Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 37 France Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 38 France Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 39 Russia Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 40 Russia Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 41 Russia Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 42 Russia Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 43 Russia Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 44 Russia Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 45 Spain Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 46 Spain Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 47 Spain Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 48 Spain Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 49 Spain Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 50 Spain Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 51 Italy Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 52 Italy Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 53 Italy Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 54 Italy Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 55 Italy Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 56 Italy Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 57 Rest of Europe Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 58 Rest of Europe Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 59 Rest of Europe Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of Europe Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 62 Rest of Europe 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 Europe 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 Europe Herbal Medicine Market Share by Application, 2022
FIG 6 Europe Herbal Medicine Market Share by Application, 2030
FIG 7 Europe Herbal Medicine Market by Application, 2019 - 2030, USD Million
FIG 8 Europe Herbal Medicine Market Share by Form, 2022
FIG 9 Europe Herbal Medicine Market Share by Form, 2030
FIG 10 Europe Herbal Medicine Market by Form, 2019 - 2030, USD Million
FIG 11 Europe Herbal Medicine Market Share by Country, 2022
FIG 12 Europe Herbal Medicine Market Share by Country, 2030
FIG 13 Europe 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