Market Research Future (Food and Beverages) Herbal Medicinal Products Market Research, Trend | Page 3

Herbal Medicinal Products Market Research Report- Forecast till 2023
2 Market Overview
Herbal Medicinal Products Market is expected to grow at a CAGR of 8% over the forecast period. Increasing demand
for green label economical cure for medical illnesses like digestive problems, kidney disorders, and flu has surged
the growth of the herbal medicinal products market in this region. These medicines are prepared from herbal plant
extracts such as Polysaccharides, Phenols, Alkaloids, Glycosides, Terpenoids, and Resins, which are less toxic and
have negligible side effects. They are available in various forms such as Capsules, Tablets, Oils/Ointments, Powder
and others.
Asia Pacific region is anticipated to show a significant growth in the herbal medicinal products market over the
forecast period 2017-2023. India and China are leading this market and are projected to be dominating players over
the review period. Availability of raw herbs and high acceptance of ancient medicines based on Ayurvedic
Formulations is considered to be the key driving factor in this region.
Furthermore, consumer shift towards green label products is boosting the demand for herbal medicinal products in
Asia Pacific market. However, due to the absence of legal laws for the use of herbal ingredients in medicinal products
may hinder the herbal medicinal products market. Asia Pacific herbal medicinal products market is anticipated to
grow at a CAGR of 7.5% during the forecast period 2017-2023.
Intended Audience:
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Herbal medicinal products manufacturers
Herbal supplements manufacturers
Hospitals & government agencies
Raw material suppliers
Retailers and wholesaler
E-commerce industry
Traders, importers, and exporters
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