The Latin America, Middle East and Africa Herbal Medicine Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030).
The increasing priority on preventive healthcare and overall well-being is a major factor influencing the market. Consumers proactively seek natural solutions to support their health, driving the demand for herbal remedies and supplements. The market is shaped by regulatory frameworks that vary across regions. The establishment of quality standards and adherence to Good Manufacturing Practices (GMP) are critical factors influencing consumer trust and market growth. Striking a balance between traditional practices and regulatory compliance is a key challenge for industry stakeholders.
With the advancement of ethical consumerism, there is a growing emphasis on ecological sustainability and ethical sourcing practices within the market. Customers are increasingly concerned regarding the impact of harvesting practices on biodiversity and the environment, prompting companies to adopt sustainable and responsible sourcing methods. Scientific research validating the efficacy and safety of herbal remedies is essential for gaining wider acceptance in mainstream healthcare. As traditional practices gain recognition and respect, there is a greater likelihood of integration into mainstream healthcare systems. Collaborations between traditional healers, scientists, and healthcare professionals can lead to a more inclusive and complete approach to healthcare.
According to UAE government statistics, the country has 568 food and beverage processors. These factories produce 5.96 million metric tons (MT) of food and beverage goods annually, with 2.3 MT in staple food items. In 2021, imports of bulk and intermediate products were $4.3 billion. Restaurants and food establishments can incorporate herbal ingredients into their menus, providing consumers with culinary experiences highlighting herbs' diverse uses in both savory and sweet dishes. Food and beverage processors can create dedicated product lines focused on health and wellness, incorporating herbal ingredients that align with traditional and modern practices. As a result, these aspects will boost the market growth in the coming years.
The Brazil market dominated the LAMEA Herbal Medicine Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,767.8 million by 2030. The Argentina market showcasing a CAGR of 9.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Herbal Medicine Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA Herbal Medicine Market Report Segmentation
By Application
- Pharmaceutical & Nutraceutical
- Personal Care & Beauty Products
- Food & Beverages
By Form
- Tablets & Capsules
- Liquid & Gel
- Powder
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Herbal Medicine Market, by Application
1.4.2 LAMEA Herbal Medicine Market, by Form
1.4.3 LAMEA 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. LAMEA Herbal Medicine Market by Application
5.1 LAMEA Pharmaceutical & Nutraceutical Market by Country
5.2 LAMEA Personal Care & Beauty Products Market by Country
5.3 LAMEA Food & Beverages Market by Country
Chapter 6. LAMEA Herbal Medicine Market by Form
6.1 LAMEA Tablets & Capsules Market by Country
6.2 LAMEA Liquid & Gel Market by Country
6.3 LAMEA Powder Market by Country
Chapter 7. LAMEA Herbal Medicine Market by Country
7.1 Brazil Herbal Medicine Market
7.1.1 Brazil Herbal Medicine Market by Application
7.1.2 Brazil Herbal Medicine Market by Form
7.2 Argentina Herbal Medicine Market
7.2.1 Argentina Herbal Medicine Market by Application
7.2.2 Argentina Herbal Medicine Market by Form
7.3 UAE Herbal Medicine Market
7.3.1 UAE Herbal Medicine Market by Application
7.3.2 UAE Herbal Medicine Market by Form
7.4 Saudi Arabia Herbal Medicine Market
7.4.1 Saudi Arabia Herbal Medicine Market by Application
7.4.2 Saudi Arabia Herbal Medicine Market by Form
7.5 South Africa Herbal Medicine Market
7.5.1 South Africa Herbal Medicine Market by Application
7.5.2 South Africa Herbal Medicine Market by Form
7.6 Nigeria Herbal Medicine Market
7.6.1 Nigeria Herbal Medicine Market by Application
7.6.2 Nigeria Herbal Medicine Market by Form
7.7 Rest of LAMEA Herbal Medicine Market
7.7.1 Rest of LAMEA Herbal Medicine Market by Application
7.7.2 Rest of LAMEA 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 LAMEA Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 4 LAMEA Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 5 LAMEA Pharmaceutical & Nutraceutical Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Pharmaceutical & Nutraceutical Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Personal Care & Beauty Products Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Personal Care & Beauty Products Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 12 LAMEA Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 13 LAMEA Tablets & Capsules Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Tablets & Capsules Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Liquid & Gel Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Liquid & Gel Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Powder Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Powder Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Herbal Medicine Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Herbal Medicine Market by Country, 2023 - 2030, USD Million
TABLE 21 Brazil Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 22 Brazil Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 23 Brazil Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 24 Brazil Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 25 Brazil Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 26 Brazil Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 27 Argentina Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 28 Argentina Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 29 Argentina Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 30 Argentina Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 31 Argentina Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 32 Argentina Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 33 UAE Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 34 UAE Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 35 UAE Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 36 UAE Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 37 UAE Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 38 UAE Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 39 Saudi Arabia Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 40 Saudi Arabia Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 41 Saudi Arabia Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 42 Saudi Arabia Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 43 Saudi Arabia Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 44 Saudi Arabia Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 45 South Africa Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 46 South Africa Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 47 South Africa Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 48 South Africa Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 49 South Africa Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 50 South Africa Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 51 Nigeria Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 52 Nigeria Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 53 Nigeria Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 54 Nigeria Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 55 Nigeria Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 56 Nigeria Herbal Medicine Market by Form, 2023 - 2030, USD Million
TABLE 57 Rest of LAMEA Herbal Medicine Market, 2019 - 2022, USD Million
TABLE 58 Rest of LAMEA Herbal Medicine Market, 2023 - 2030, USD Million
TABLE 59 Rest of LAMEA Herbal Medicine Market by Application, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA Herbal Medicine Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of LAMEA Herbal Medicine Market by Form, 2019 - 2022, USD Million
TABLE 62 Rest of LAMEA 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 LAMEA 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 LAMEA Herbal Medicine Market Share by Application, 2022
FIG 6 LAMEA Herbal Medicine Market Share by Application, 2030
FIG 7 LAMEA Herbal Medicine Market by Application, 2019 - 2030, USD Million
FIG 8 LAMEA Herbal Medicine Market Share by Form, 2022
FIG 9 LAMEA Herbal Medicine Market Share by Form, 2030
FIG 10 LAMEA Herbal Medicine Market by Form, 2019 - 2030, USD Million
FIG 11 LAMEA Herbal Medicine Market Share by Country, 2022
FIG 12 LAMEA Herbal Medicine Market Share by Country, 2030
FIG 13 LAMEA 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