Herbal Medicine Research：CAGR of 6.0% during the forecast period

Herbal medicine--also called botanical medicine or phytomedicine refers to using a plant's seeds, berries, roots, leaves, bark, or flowers for medicinal purposes. Herbalism has a long tradition of use outside of conventional medicine. It is becoming more mainstream as improvements in analysis and quality control along with advances in clinical research show the value of herbal medicine in the treating and preventing disease. Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices.

According to the new market research report “Global Herbal Medicine Market Report 2023-2029”, published by QYResearch, the global Herbal Medicine market size is projected to reach USD 230.63 billion by 2029, at a CAGR of 6.0% during the forecast period.

• Global Herbal Medicine MarketSize(US$ Million), 2018-2029

Based on or includes research from QYResearch: Global Herbal Medicine Market Report 2023-2029.

• Global Herbal Medicine Top23Players Ranking and Market Share（Based on data of 2021, Continually updated）

Based on or includes research from QYResearch: 2021 data information of Global Herbal Medicine Market Report 2023-2029.

The global key manufacturers of Herbal Medicine include Yunnan Baiyao, Tsumura, Tongrentang, TASLY, Zhongxin, Schwabe, Kracie, Sanjiu, Kunming Pharma, JZJT, etc. In 2020, the global top 10 players had a share approximately 5.0% in terms of revenue.

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