Regional demand is largely influenced by the popularity of cosmetics and personal care products with natural and organic ingredients. However, strict regulatory frameworks related to the import and use of herbal raw materials in food, pharmaceutical, and cosmetic applications could hamper the market development slightly.Д®urope is expected to dominate the Herbal Medicine Market share over the projected period. The aforementioned factors will drive the market demand significantly. To capitalize on this trend, beauty and cosmetic brands are introducing newer product varieties with herbal ingredients. Consumers are also shifting toward cosmetics and personal care products with natural and organic ingredients owing to greater safety. Herbal products are being widely used for almost all minor health complaints. The Herbal Medicine Market growth is influenced by surge in product demand for medical purposes in developing countries. Latest industry developments such as product launches, partnerships, mergers, and acquisitions.Д®merging Demand for Natural Medicines and Cosmetics to Augment Growth.Key strategies adopted by the market players.Дњomprehensive insights into the regional developments.Major growth drivers, restraining factors, opportunities, and potential challenges for the market.In terms geography, the market is studied across North America, South America, Asia Pacific, Europe, and the Middle East & Africa. On the basis of application, the market is segmented into food & beverages, pharmaceutical & nutraceutical, and personal care & beauty products.Д«ased on form, the market is classified into liquid & gel, powder, and tablets & capsules. These factors have opened up new opportunities for market players during the pandemic period.ДЄpplication, Form, and Region are studied for the Market Increased focus on immunity has fueled the demand for various pharmaceutical and nutraceutical products with herbal ingredients. However, herbal products experienced an upsurge as consumers became more conscious about their health and wellbeing. Additionally, R&D and drug manufacturing activities also experienced roadblocks during the pandemic. Medicine shortage was experienced worldwide due to a significant spike in COVID-19-related hospital admissions. The COVID-19 pandemic has affected healthcare and pharmaceutical supply chains significantly.

Herbal Medicine Demand Surges due to Increasing Health Consciousness The rising occurrence of such health problems will certainly boost the product demand in the forthcoming years. Herbal medications are mainly used for common cold, cough, nervous health problems, urinary complaints, gastrointestinal issues, and painful conditions such as joint pain, rheumatic diseases, and stiffness. Also, they are naturally-sourced and are hence safer than synthetic products. The main reason more people are inclining toward herbal alternatives is their better tolerance compared to synthetic drugs. Evidently, about 10-50% of individuals in developed countries utilize herbal products. Popularity of herbal products has exploded over the past decade.

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