Herbal Medicinal Products Market Outlook (2023 to 2033)

The herbal medicinal products market revenue totaled US$ 199.07 billion in 2023, according to Future Market Insights (FMI) study. The overall sales of herbal medicinal products are expected to reach US$ 417.99 billion by 2033, thriving at a CAGR of 7.7 % during the forecast period.

With consumer awareness regarding herbal medicines on the rise and increasing investments in promoting traditional medicine, sales are expected to accelerate. The demand for ayurvedic medicine also is estimated to grow, accounting for nearly 57% of herbal medicine sales in 2021.

How is the Adoption of Traditional Medicine Aiding Market Growth?

Medicinal plants are indispensable elements of complementary or alternative medicines. Due to this, they have occupied a significant part in different communities of lower-income economies. Moreover, due to inadequate healthcare facilities and low purchasing power, lower-income economies are primary markets for herbal medication.

Herbs have been viewed as a vital source of healing and preventive properties for human beings and have been used to extract important bioactive compounds. Nearly 80% of the global population uses traditional medicines, creating a conducive environment for growth.

What are the Key Opportunities for Market Players?

E-commerce distribution channels have witnessed a dramatic increase in herbal medicinal product sales in recent years. This change is attributed to investments in improving online purchase experiences with the help of targeted marketing and superior online education.

Many online distributors, such as Amazon, have developed portfolios dedicated to herbal products. Online distributors provide live chat options to address customer-specific requirements. In addition, manufacturers and retailers offer free access to ‘wellness tools’ to create a customized list of herbal medicinal products based on specific conditions and requirements.

How Does the Inadequate Supply of Raw Materials Continue Disrupting the Herbal Medicinal Market?

A shortage of raw materials needed for the production of herbal medicines and the resultant increase in the cost of exported ingredients is a key factor hampering growth.

Product substitution is a prime factor restraining market growth. Synthetic ingredients and probiotics are a few alternatives, proving to be strong competitors of traditional herbal products. The availability of pseudo-herbal products is a significant challenge.

Attributes Details
Market CAGR (2023 to 2033) 7.7%
Market Valuation (2023) US$ 199.07 billion
Market Valuation (2033) US$ 417.99 billion

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Herbal Medicinal Products Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook

As per Future Market Insights (FMI), the global market recorded a steady CAGR of 2.4% between 2018 and 2022. Increasing focus on alternative medicines with a focus on preventive measures is driving current sales figures. Expansion and product launches in emerging markets are key factors promoting market growth.

The transition from conventional to traditional medicines has bolstered growth in the industry due to increasing awareness about cost-effective herbal remedies. Herbal medicines, including homeopathy and health supplements, are finding traction as affordable and effective treatment options.

According to the National School of Medicine and Homeopathy, homeopathic medicines are 70% cost-effective compared to allopathic alternatives and 15% more cost-effective than generics.

The developing manufacturing sector in emerging economies is expected to promote market growth. Despite several challenges manufacturers face, the growing need for value-added products is likely to boost the market in the coming years.

As per WHO, around 21,000 plant species carry chemical constituents preferred for medicinal properties. Companies producing herbal medicinal products are actively strategizing business opportunities through acquisitions and partnerships to strengthen their portfolio.

The growth of the market is attributed to significant companies actively participating in acquisitions to expand their market presence.

In May 2019, Blackmores Limited expanded its 30,000 sq. soft gel and hard tablet manufacturing facility at Braeside in Victoria. Similarly, in June 2021, STADA expanded its European consumer healthcare portfolio by acquiring healthcare brands from Sanofi in key countries such as France, Germany, Italy, Poland, and Spain.

Category-wise Insights

What are the Sales Prospects of Ayurvedic Medicine?

Ayurvedic medicine is estimated to show steady growth, reflecting a high share of 57% in 2023. Consumers are focused on preventive care as compared to treatments. As a result, many adult and senior consumers are opting for supplements from natural origins.

The herbal industry is driving the sales of supplements compared to herbal medicine due to the higher focus on herbal diets and lifestyles for the foreseeable future.

What is the Demand Outlook for Capsules/Tablets?

Capsules/tablets are projected to show steady growth in the forecast period with a CAGR of 8.5%, accounting for a market share of 43% in 2023. Several herbal drugs are formulated in tablet or capsule formats to prevent degradation and increase shelf life and bioavailability.

What is the Scope of Growth for Mail Order Pharmacies?

Despite hospital pharmacies leading the market, mail-order pharmacies have reflected significant growth with an 8.1% CAGR. Mail order is more convenient for consumers as a broader range of products are readily available in addition to better discounts and offers to minimize costs.

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Country-wise Insights

How Does the United States Remain a Key Herbal Medicine Market?

In 2023, The United States is estimated to account for over 69% value share in North America. The dominance is driven by higher health awareness. Rising living standards, health consciousness, and increasing disposable incomes are boosting the demand for effective treatments with minimal side effects.

The adoption of stress and anxiety-relieving treatments, including aromatherapy and ayurvedic panchakarma, supplement market growth.

Herbal products are used by over 20% of the population, as per the 2020 Journal of General Internal Medicine data. Most herbs used in the country include garlic, ginkgo Bilbao, ginseng, St. John's Wort, and echinacea.

Why is Germany Considered a More Lucrative Market within Europe?

Germany is expected to account for over 18% of the Europe market by 2033. Increasing prescriptions of homeopathic medications in Germany drive demand. Homeopathy has developed into an essential element in the medicine industry.

According to a European Commission study in 2017, 3 out of 4 people in Western Europe are aware of homeopathy, and around 29% use homeopathic medicines regularly. In Germany, 94% of the population is aware of homeopathy, and 60% use this regularly.

What are the Factors Supporting Herbal Medicines Sales in Australia?

The Australian market is estimated to exhibit a 7.8% CAGR throughout the forecast period. The appearance of e-commerce has produced boundless opportunities in Australia. Growing product penetration through online retail channels is a significant factor driving market growth. Sales of herbal supplements through e-commerce are expected to grow significantly over the forecast period.

Buyers' demands for green label products are pushing manufacturers to change sales channels from niche distribution channels to majority mass retailers. Furthermore, retail pharmacy chains are also expanding product choices, which has resulted in higher sales in recent years.

How Does India Remain at the Fore of Herbal Medicine Demand?

Since ancient times, India has been the land of Ayurveda and herbal products. In India, around 70% of the population uses herbal products as a primary medication for various ailments. Adopting complementary medication is attributed to the safety and efficacy of herbal medicines. Lower risk of side effects compared to mainstream medicines and escalating cost of conventional healthcare support growth in the country.

What is the Scope for Sales of Herbal Medicines in China?

The market for herbal medicinal products in China is exhibiting an 11.8% CAGR and is expected to account for 57% of the East Asia market by 2033. China is one of the leading exporters of herbal medicines and essential oils, followed by India and Indonesia. Favorable government policies, heavy investments in research, and high adoption of Chinese medicines by consumers support the Chinese traditional medicines industry.

According to the Chinese Journal of Traditional Chinese Medicine, around US$ 3.0 billion worth of traditional Chinese medicines are exported from China each year. Similarly, the annual consultation of traditional Chinese medicine practitioners is more than 500 million, which accounts for around 20% of Chinese outpatients visits.

Competitive Landscape

Herbal medicine manufacturers aim to carry out strategic expansions and file patents to consolidate growth in a competitive market. The herbal medicinal products market is highly competitive by several essential players that invest heavily in research and development activities.

They carry out unique and innovative products through research and development activities. The manufacturer is developing high-quality products as per their consumer's requirements.

The key players actively focus on acquiring maximum revenue through their various marketing strategies. These strategies are mergers, partnerships, agreements, collaborations, and product launches.

Recent Developments in the Global Herbal Medicinal Products Market are:

  • In October 2020, Arkopharma SA filed a patent for the Arkodigest No Reflux 100% natural composition to improve digestion.
  • In November 2020, Mountain Rose Herbs purchased the Phoenix Industrial Park in Eugene, with 205,000 square feet of functional space and a 12-acre campus. It is part of a business expansion strategy to develop it into green space.
  • Himalaya Drug Company launched herbal-based products for the healthcare industry, including personal care products, herbal supplements, and veterinary products. It is one of the leading companies that offer high-quality products through its research and development activities.

Other Essential Players in the Global Market are:

  • Blackmores Limited
  • Sanofi-Aventis Healthcare PTY Ltd.
  • Arkopharma SA
  • Nutraceutical Corporation
  • STADA Arzneimittel AG
  • Himalaya Global Holdings Ltd
  • Integria Healthcare
  • Boiron Group
  • Young Living Essential Oils
  • Mountain Rose Herbs

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Scope of Report

Attribute Details
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis US$ billion for Value
Key Countries Covered The United States, The United Kingdom, Japan, India, China, Australia, Germany
Key Segments Covered Product Type, Form, Distribution Channel, Region
Key Companies Profiled Blackmores Limited; Sanofi-Aventis Healthcare PTY Ltd.; Arkopharma SA; Nutraceutical Corporation; STADA Arzneimittel AG; Himalaya Global Holdings Ltd; Integria Healthcare; Boiron Group; Young Living Essential Oils; Mountain Rose Herbs
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Herbal Medicinal Products Market by Category

By Product Type:

  • Ayurvedic
  • Homeopathic Medicines
  • Chinese Medicines
  • Aromatherapy product

By Form:

  • Capsules/Tablets
  • Powder
  • Syrups
  • Oil and ointment
  • Others

By Distribution Channel:

  • Hospital pharmacies
  • Retail pharmacies
  • Mail order pharmacies
  • e_commerce

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa (MEA)

Frequently Asked Questions

Which industry is the key consumer of herbal medicinal products?

The primary consumer for herbal medicinal products is the pharmaceutical industry.

Who are the key herbal medicinal products market players?

Some of the key players in the herbal medicinal products market are Schwabe, Bionorica, and Madaus.

What is the current market valuation of the herbal medicinal products market?

The market is estimated to secure a valuation of US$ 199.07 billion in 2023.

How big will the herbal medicinal products market be by 2033?

The market is estimated to reach US$ 417.99 billion by 2033.

Which end-use industry holds lucrative opportunities in the herbal medicinal products market?

The pharmaceutical sector holds high revenue potential in the herbal medicinal products market.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2018 to 2022
    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2023 to 2033
        5.3.1. Ayurvedic
        5.3.2. Homeopathic Medicines
        5.3.3. Chinese Medicines
        5.3.4. Aromatherapy product
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
    5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) Analysis By Form, 2018 to 2022
    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Form, 2023 to 2033
        6.3.1. Capsules/Tablets
        6.3.2. Powder
        6.3.3. Syrups
        6.3.4. Oil and ointment
        6.3.5. Others
    6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
    6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) Analysis By Distribution Channel, 2018 to 2022
    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Distribution Channel, 2023 to 2033
        7.3.1. Hospital pharmacies
        7.3.2. Retail pharmacies
        7.3.3. Mail order pharmacies
        7.3.4. e_commerce
    7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2018 to 2022
    7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Western Europe
        8.3.4. Eastern Europe
        8.3.5. South Asia and Pacific
        8.3.6. East Asia
        8.3.7. Middle East and Africa
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        9.2.1. By Country
            9.2.1.1. USA
            9.2.1.2. Canada
        9.2.2. By Product Type
        9.2.3. By Form
        9.2.4. By Distribution Channel
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Product Type
        9.3.3. By Form
        9.3.4. By Distribution Channel
    9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Product Type
        10.2.3. By Form
        10.2.4. By Distribution Channel
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By Form
        10.3.4. By Distribution Channel
    10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. UK
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Western Europe
        11.2.2. By Product Type
        11.2.3. By Form
        11.2.4. By Distribution Channel
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Form
        11.3.4. By Distribution Channel
    11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        12.2.1. By Country
            12.2.1.1. Poland
            12.2.1.2. Russia
            12.2.1.3. Czech Republic
            12.2.1.4. Romania
            12.2.1.5. Rest of Eastern Europe
        12.2.2. By Product Type
        12.2.3. By Form
        12.2.4. By Distribution Channel
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Form
        12.3.4. By Distribution Channel
    12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Bangladesh
            13.2.1.3. Australia
            13.2.1.4. New Zealand
            13.2.1.5. Rest of South Asia and Pacific
        13.2.2. By Product Type
        13.2.3. By Form
        13.2.4. By Distribution Channel
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Form
        13.3.4. By Distribution Channel
    13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. Japan
            14.2.1.3. South Korea
        14.2.2. By Product Type
        14.2.3. By Form
        14.2.4. By Distribution Channel
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Form
        14.3.4. By Distribution Channel
    14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Israel
            15.2.1.4. Rest of MEA
        15.2.2. By Product Type
        15.2.3. By Form
        15.2.4. By Distribution Channel
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Form
        15.3.4. By Distribution Channel
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. USA
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2022
            16.1.2.1. By Product Type
            16.1.2.2. By Form
            16.1.2.3. By Distribution Channel
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2022
            16.2.2.1. By Product Type
            16.2.2.2. By Form
            16.2.2.3. By Distribution Channel
    16.3. Brazil
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2022
            16.3.2.1. By Product Type
            16.3.2.2. By Form
            16.3.2.3. By Distribution Channel
    16.4. Mexico
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2022
            16.4.2.1. By Product Type
            16.4.2.2. By Form
            16.4.2.3. By Distribution Channel
    16.5. Germany
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2022
            16.5.2.1. By Product Type
            16.5.2.2. By Form
            16.5.2.3. By Distribution Channel
    16.6. UK
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2022
            16.6.2.1. By Product Type
            16.6.2.2. By Form
            16.6.2.3. By Distribution Channel
    16.7. France
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2022
            16.7.2.1. By Product Type
            16.7.2.2. By Form
            16.7.2.3. By Distribution Channel
    16.8. Spain
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2022
            16.8.2.1. By Product Type
            16.8.2.2. By Form
            16.8.2.3. By Distribution Channel
    16.9. Italy
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2022
            16.9.2.1. By Product Type
            16.9.2.2. By Form
            16.9.2.3. By Distribution Channel
    16.10. Poland
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2022
            16.10.2.1. By Product Type
            16.10.2.2. By Form
            16.10.2.3. By Distribution Channel
    16.11. Russia
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2022
            16.11.2.1. By Product Type
            16.11.2.2. By Form
            16.11.2.3. By Distribution Channel
    16.12. Czech Republic
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2022
            16.12.2.1. By Product Type
            16.12.2.2. By Form
            16.12.2.3. By Distribution Channel
    16.13. Romania
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2022
            16.13.2.1. By Product Type
            16.13.2.2. By Form
            16.13.2.3. By Distribution Channel
    16.14. India
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2022
            16.14.2.1. By Product Type
            16.14.2.2. By Form
            16.14.2.3. By Distribution Channel
    16.15. Bangladesh
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2022
            16.15.2.1. By Product Type
            16.15.2.2. By Form
            16.15.2.3. By Distribution Channel
    16.16. Australia
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2022
            16.16.2.1. By Product Type
            16.16.2.2. By Form
            16.16.2.3. By Distribution Channel
    16.17. New Zealand
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2022
            16.17.2.1. By Product Type
            16.17.2.2. By Form
            16.17.2.3. By Distribution Channel
    16.18. China
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2022
            16.18.2.1. By Product Type
            16.18.2.2. By Form
            16.18.2.3. By Distribution Channel
    16.19. Japan
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2022
            16.19.2.1. By Product Type
            16.19.2.2. By Form
            16.19.2.3. By Distribution Channel
    16.20. South Korea
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2022
            16.20.2.1. By Product Type
            16.20.2.2. By Form
            16.20.2.3. By Distribution Channel
    16.21. GCC Countries
        16.21.1. Pricing Analysis
        16.21.2. Market Share Analysis, 2022
            16.21.2.1. By Product Type
            16.21.2.2. By Form
            16.21.2.3. By Distribution Channel
    16.22. South Africa
        16.22.1. Pricing Analysis
        16.22.2. Market Share Analysis, 2022
            16.22.2.1. By Product Type
            16.22.2.2. By Form
            16.22.2.3. By Distribution Channel
    16.23. Israel
        16.23.1. Pricing Analysis
        16.23.2. Market Share Analysis, 2022
            16.23.2.1. By Product Type
            16.23.2.2. By Form
            16.23.2.3. By Distribution Channel
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Product Type
        17.3.3. By Form
        17.3.4. By Distribution Channel
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. Blackmores Limited
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
        18.1.2. Sanofi-Aventis Healthcare PTY Ltd.
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
        18.1.3. Arkopharma SA
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
        18.1.4. Nutraceutical Corporation
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
        18.1.5. STADA Arzneimittel AG
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
        18.1.6. Himalaya Global Holdings Ltd
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
        18.1.7. Integria Healthcare
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
        18.1.8. Boiron Group
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
        18.1.9. Young Living Essential Oils
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
        18.1.10. Mountain Rose Herbs
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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