Us Medicinal Herbs Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Medicinal Herbs Market was valued at USD 50 Billion in 2022 and is projected to reach USD 75 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Medicinal Herbs Market has been gaining substantial attention in recent years, driven by a growing interest in natural health remedies and the increasing consumer demand for plant-based products. As people seek alternatives to pharmaceutical drugs, medicinal herbs are becoming more popular due to their perceived health benefits and fewer side effects. In 2024, the market was valued at over $6 billion, and it is expected to grow significantly in the coming years.
With a rise in chronic diseases such as arthritis, anxiety, and diabetes, more individuals are turning to medicinal herbs to manage their symptoms and improve overall health. Key herbs like turmeric, echinacea, and ginseng have established themselves as top contenders in the market, each with its unique set of therapeutic qualities. For instance, turmeric is widely known for its anti-inflammatory properties, while ginseng is valued for its energy-boosting and stress-reducing effects.
The rise of e-commerce has also contributed to the boom in the medicinal herbs market. Consumers are increasingly purchasing herbal supplements and teas online, giving them access to a wide variety of products from different brands. The convenience of ordering from home and the ability to research the benefits of specific herbs has made online shopping a preferred choice for many. Additionally, many individuals are seeking these herbs not just for personal use but for use in holistic practices and wellness routines.
The demand for organic products is another driving force in the US medicinal herbs market. As consumers become more conscious of the quality of the products they purchase, organic herbs are becoming a priority. This trend has led to the growth of organic herb farms and a more sustainable approach to herb cultivation.
In addition to personal use, medicinal herbs are finding their way into food and beverage products. Herbal teas, supplements, and even food additives infused with medicinal herbs are becoming mainstream. As a result, we can expect the market to expand beyond traditional health stores into more diverse retail outlets. Just as industries such as the "100 Gigabit Fiber Optic Transceiver Market" have seen impressive growth, so too will the medicinal herbs market, adapting to modern consumer preferences while maintaining its deep-rooted ties to nature.
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Gaia Herbs
Arkopharma
Bio Botanica
Inc
Herb Pharm
Hevert
The Himalaya Drug Company
Indfrag Biosciences
Jemopharm
Natures Aid
Nature's Sunshine Products
Inc
Schaper & Brümmer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medicinal Herbs Market
Herbal Leaves
Roots and Rhizomes
Seeds and Nuts
Flowers and Blossoms
Barks
Liquid Extracts
Powders
Capsules
Tablets
Teas and Infusions
Pharmaceutical Companies
Cosmetic Industry
Nutraceutical Companies
Herbalists and Practitioners
Research Institutions
Online Retail
Offline Retail
Pharmacies
Health Food Stores
Supermarkets and Hypermarkets
Health Maintenance
Chronic Disease Management
Skin Care
Dietetics
Stress Relief and Anxiety Management
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medicinal Herbs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medicinal Herbs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medicinal Herbs Market, By Type
6. Global Medicinal Herbs Market, By Application
7. Global Medicinal Herbs Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Medicinal Herbs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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