We are monitoring the impact of COVID-19 on Europe Herbal Medicine Market Get in touch with us for detailed analysis Know More
Pulished Date May, 2021
ID: 11552
Share on
Share on

Europe Herbal Medicine Market Research Report – Segmented By Type, Source, Form, and Country – Industry Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: May, 2021
ID: 11552
Pages: 110

Europe Herbal Medicine Market Size (2021 to 2026)

The European Herbal Medicine Market size is forecasted to be growing at a CAGR of 6.02% between 2021 to 2026.

The European herbal medicine market growth is projected to be driven by the factors such as increasing inclination towards natural products, the growing senior population in the developed countries such as Germany, UK, and Spain. Also, the proliferation of chronic diseases across Europe and awareness among the people are expected to drive market growth. Besides, the increasing concerns such as nutritional deficiency and related diseases lead to the herbal medicine market opportunities. The herbal counterpart of these unhealthy nutrients provides consumers with the required nutrition, which is expected to fuel the herbal medicine market in the European region. Herbal drugs are derived from plants and natural resources and have disease-curable benefits with no side effects; this advantageous feature is expected to favor the development of this regional market during the forecast period. The increase in health and well-improving healthcare facilities and government incentives and investments contribute to the development of the herbal medicine market.

Other factors such as marginal side effects, supplier advances, and the FDA's adoption of Current Good Manufacturing Practices (CGMP) for dietary supplements are expected to drive the European herbal medicine market growth. The herbal beauty products segment is expected to expand rapidly during the forecast period, owing primarily to a rise in beauty sales revenue. High disposable income and the availability of a diverse commodity range are driving up market growth. European regulations are expected in the coming years, which will expand marketing prospects for natural goods. In particular, the European Community's implementation of two directives within the defined time frame would substantially affect the market.

The situation in the European market for herbal and natural products is complicated because the market is wide and fragmented, and it includes natural products whether they come under food or medicinal regulation. While herbals and plant extracts are the most common product types, there are many other natural ingredients found in foods and medicines, such as fish oils, vitamins, and minerals. The regulatory authorities' lack of interest and focus limits market expansion. Furthermore, a lack of understanding among people in emerging markets impedes market development. However, Incorrect use of herbal remedies can result in adverse side effects on the body, which is one of the market's restraint factors.

Impact on COVID-19 on the European Herbal Medicine Market:

The herbal medicine market had been negatively impacted during the first half of 2020. The surge in the covid-19 positive cases has led to the region-wide lockdown. The prohibition of transportation had disrupted the supply chain of herbal products. The manufacturing activities of herbal products were stopped and postponed due to the unavailability of the workforce. Moreover, the herbal medical treatment had been performed due to a shift towards the fight against novel coronavirus. However, the market has witnessed significant market growth after the unlock of lockdown. The demand for herbal products has rapidly increased; hence, the pandemic has positively impacted the next half of 2020. Nonetheless, the European herbal medicine market is estimated to register a promising growth rate during the forecast period.

This research report on the European herbal medicine market has been segmented & sub-segmented into the following categories.

By Type: 

  • Herbal Functional Foods
  • Herbal Dietary Supplements
  • Herbal Beauty Products
  • Herbal Pharmaceuticals

By Source: 

  • Roots and barks
  • Fruits
  • Whole plants
  • Leaves
  • Others

By Form:

  • Tablets
  • Capsules
  • Extracts
  • Syrups
  • Powders
  • Others

By Country:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of EU

Regionally, The European herbal medicine market is expected to account substantial share in the global market during the forecast period due to the increasing consumer demand for natural supplements and the aging population. However, new product launches of new natural health products in Europe will improve the market growth. Moreover, European customers are now open to experimenting with complementary and herbal drugs, driving up demand for natural ingredients. The current European regulatory situation in herbal and natural goods is marked by a significant disparity between stringent regulators such as Germany and relaxed countries like the United Kingdom. Non-EU companies find it almost difficult to sell their herbal and natural goods in an EU country due to complex regulations.

The German herbal medicine market is projected to dominate the European market during the forecast period. The market is anticipated to contribute to the European regional market in the coming years. However, the market growth is led by the factors such as the rising prevalence of chronic diseases and growing awareness regarding preventive healthcare. Due to increased visibility, rising use of mobile phones and the internet, vast coverage areas, and offering goods at lower prices, the e-commerce delivery channel segment will produce higher revenues by 2026. Furthermore, the herbal pharmaceuticals segment accounted for a significant share of the overall market in 2020.

The UK herbal medicine market is expected to grow at the fastest CAGR between 2021 to 2026. Developed healthcare infrastructure, growing healthcare spending, and growing geriatric population influence the country's market growth. Furthermore, recent technical advances and an expansion in R&D spending in the healthcare sector generate lucrative opportunities for key market participants, through which market expansion can be possible.  

KEY MARKET PARTICIPANTS:

Some of the prominent companies operating in the European herbal medicine market profiled in this report are TSUMURA & CO., Dr. Willmar Schwabe India Pvt. Ltd., Blackmores Limited, NATURE’S ANSWER, Arkopharma, Arizona Natural Products, Bio-Botanica Inc., Herbal Africa, Sidomuncul, and Nature Herbs.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Source
      1. Roots and barks
      2. Fruits
      3. Whole plants
      4. Leaves
      5. Others
      6. Y-o-Y Growth Analysis, By Source
      7. Market Attractiveness Analysis, By Source
      8. Market Share Analysis, By Source
    2. By Form
      1. Tablets
      2. Capsules
      3. Extracts
      4. Syrups
      5. Powders
      6. Others
      7. Y-o-Y Growth Analysis, By Form
      8. Market Attractiveness Analysis, By Form
      9. Market Share Analysis, By Form
    3. By Source
      1. Roots and barks
      2. Fruits
      3. Whole plants
      4. Leaves
      5. Others
      6. Y-o-Y Growth Analysis, By Source
      7. Market Attractiveness Analysis, By Source
      8. Market Share Analysis, By Source
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
      4. Market Attractiveness Analysis      
      5. Market Share Analysis      
    2. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. TSUMURA & CO.
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Dr. Willmar Schwabe India Pvt. Ltd.
    3. Blackmores Limited
    4. NATURE’S ANSWER
    5. Arkopharma
    6. Arizona Natural Products
    7. Bio-Botanica Inc.
    8. Herbal Africa
    9. Sidomuncul
    10. Nature Herbs
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Europe Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  2. Europe Herbal functioning foods Market, By Region, From 2021 to 2026 (USD Million)
  3. Europe herbal dietary supplements Market, By Region, From 2021 to 2026 (USD Million)
  4. Europe Herbal Beauty Products Market, By Region, From 2021 to 2026 (USD Million)
  5. Europe Herbal Pharmaceuticals Market, By Region, From 2021 to 2026 (USD Million)
  6. Europe Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  7. Europe Rootas and barks Market, By Region, From 2021 to 2026 (USD Million)
  8. Europe Fruits Market, By Region, From 2021 to 2026 (USD Million)
  9. Europe Whole Plants Market, By Region, From 2021 to 2026 (USD Million)
  10. Europe Leaves Market, By Region, From 2021 to 2026 (USD Million)
  11. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  12. Europe Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)
  13. Europe tablets Market, By Region, From 2021 to 2026 (USD Million)
  14. Europe Capsules Market, By Region, From 2021 to 2026 (USD Million)
  15. Europe Extracts Market, By Region, From 2021 to 2026 (USD Million)
  16. Europe Syrups Market, By Region, From 2021 to 2026 (USD Million)
  17. Europe Powders Market, By Region, From 2021 to 2026 (USD Million)
  18. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  19. U.K. Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  20. U.K. Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  21. U.K. Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)
  22. Germany Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  23. Germany Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  24. Germany Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)
  25. France Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  26. France Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  27. France Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)
  28. Italy Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  29. Italy Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  30. Italy Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)
  31. Spain Herbal Medicine Market, By Type, From 2021 to 2026 (USD Million)
  32. Spain Herbal Medicine Market, By Source, From 2021 to 2026 (USD Million)
  33. Spain Herbal Medicine Market, By Form, From 2021 to 2026 (USD Million)

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 3335

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample