Medicinal Herbs Market- Industry Size, Global Share, Growth, Application, SWOT Analysis, Top Company Profile, Merger, Regional Outlook 2020-2030
Verfasser: ashwani_kailiya on Monday, 6 July 2020The global medicinal herbs market will grow at a stellar CAGR over the forecast period, 2020-2030. High consumption of immunity boosting food products in tandem with rising preference for plant-derived items will be critical in propelling market growth. Players are investing in R&D activities to further extend the applicability of medicinal herbs.
Europe is the manufacturing hub of personal care and beauty products, owing to strong presence of leading cosmetic manufacturers. About half of medicinal herbs in Europe are consumed in liquid form, as they offer greater convenience compared to solid/powder form. Manufacturers of medicinal herbs are turning to e-commerce channels to expand their revenue pool. Further, consumption of liquid medicinal herbs will surge 3X in the decade ahead.
“Consumers, especially in developing regions, have been relying on traditional medicines for disease treatment. For instance, the Traditional Chinese Medicine (TCM) hospital in China is utilizing traditional medicinal herbs to treat (COVID-19) affected patients,” says the Fact.MR report.
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Medicinal Herbs Market: Key Takeaways