Japan Herbal Extracts Market was valued at USD 1.4 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Japan's Herbal Extracts Market: Industry Types and Evolving Requirements
Japan's herbal medicine market has experienced remarkable growth in recent years. In 2023, the market generated a revenue of approximately USD 4.53 billion, accounting for 6.4% of the global herbal medicine market. Projections indicate that by 2030, the market will reach USD 21.53 billion, growing at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2030.
The industry encompasses various types of herbal interventions, with Ayurveda emerging as the largest revenue-generating segment in 2023. Notably, Ayurveda is also the fastest-growing segment, reflecting a significant shift in consumer preferences towards traditional and natural remedies.
Japan's traditional herbal medicine, known as Kampo, plays a pivotal role in this market. Kampo formulations, derived from ancient Chinese medicine, have evolved uniquely within Japanese culture. In 2018, the total production of herbal medicines by the pharmaceutical industry in Japan was approximately USD 1.8 billion, accounting for 2.9% of the total pharmaceutical production value. Kampo products are prescribed under the National Health Insurance reimbursement system and are also available over-the-counter for self-medication, highlighting their integration into mainstream healthcare.
Regulatory frameworks are crucial in maintaining the quality and safety of herbal medicines in Japan. The Japanese Pharmacopoeia (JP) sets official standards, including monographs for 237 crude drugs and 37 Kampo extracts. Good Manufacturing Practices (GMP) guidelines, established in 1987 for ethical Kampo products and merged in 2007, ensure quality management at all production stages. Additionally, the "Approval Standards for OTC Kampo Products," revised in 2008 to include 294 Kampo formulae, play a key role in the regulation of these products.
Industries involved in the production and distribution of herbal extracts must adhere to stringent requirements. Compliance with GMP is mandatory, ensuring that quality management systems are in place throughout the production process. The regulatory requirements for safety and efficacy align with those applicable to conventional pharmaceuticals, emphasizing the importance of standardized manufacturing practices. Furthermore, the standardization of crude drugs is challenging due to factors like genetic diversity and environmental influences. To address this, specific good agricultural practices have been established for 68 crude drugs in Japan as of 2022, ensuring consistency and quality in raw materials.
In conclusion, Japan's herbal extracts market is characterized by robust growth, diverse intervention types, and stringent regulatory requirements. Industries must navigate these evolving standards to meet consumer demand for safe and effective herbal products. The integration of traditional practices like Kampo into modern healthcare underscores the cultural significance and potential of herbal medicine in Japan's pharmaceutical landscape.
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Martin Bauer
Indena
Euromed
Naturex
Bio-Botanica
Maypro
Sabinsa
Pharmchem (Avocal Inc.)
Natural
Xi’an Shengtian
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 Japan Herbal Extracts Market
Herbal Powder Extracts
Herbal Liquid Extracts
Herbal Dry Extracts
Pharmaceuticals
Food and Beverages
Cosmetics and Personal Care
Dietary Supplements
Capsules
Tablets
Syrups
Powders
Creams
Herbs
Flowers
Roots
Seeds
Leaves
Solvent Extraction
Cold Press Extraction
Steam Distillation
Supercritical Fluid Extraction
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Herbal Extracts 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. Japan Herbal Extracts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Herbal Extracts Market, By Type
6. Japan Herbal Extracts Market, By Application
7. Japan Herbal Extracts Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Herbal Extracts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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