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LAMEA Herbal Medicine Market Size, Share & Trends Analysis Report By Application (Pharmaceutical & Nutraceutical, Personal Care & Beauty Products, and Food & Beverages), By Form, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 82 Pages
  • January 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5928421
The Latin America, Middle East and Africa Herbal Medicine Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030).

The increasing priority on preventive healthcare and overall well-being is a major factor influencing the market. Consumers proactively seek natural solutions to support their health, driving the demand for herbal remedies and supplements. The market is shaped by regulatory frameworks that vary across regions. The establishment of quality standards and adherence to Good Manufacturing Practices (GMP) are critical factors influencing consumer trust and market growth. Striking a balance between traditional practices and regulatory compliance is a key challenge for industry stakeholders.

With the advancement of ethical consumerism, there is a growing emphasis on ecological sustainability and ethical sourcing practices within the market. Customers are increasingly concerned regarding the impact of harvesting practices on biodiversity and the environment, prompting companies to adopt sustainable and responsible sourcing methods. Scientific research validating the efficacy and safety of herbal remedies is essential for gaining wider acceptance in mainstream healthcare. As traditional practices gain recognition and respect, there is a greater likelihood of integration into mainstream healthcare systems. Collaborations between traditional healers, scientists, and healthcare professionals can lead to a more inclusive and complete approach to healthcare.

According to UAE government statistics, the country has 568 food and beverage processors. These factories produce 5.96 million metric tons (MT) of food and beverage goods annually, with 2.3 MT in staple food items. In 2021, imports of bulk and intermediate products were $4.3 billion. Restaurants and food establishments can incorporate herbal ingredients into their menus, providing consumers with culinary experiences highlighting herbs' diverse uses in both savory and sweet dishes. Food and beverage processors can create dedicated product lines focused on health and wellness, incorporating herbal ingredients that align with traditional and modern practices. As a result, these aspects will boost the market growth in the coming years.

The Brazil market dominated the LAMEA Herbal Medicine Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,767.8 million by 2030. The Argentina market showcasing a CAGR of 9.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.9% during (2023 - 2030).

Based on Application, the market is segmented into Pharmaceutical & Nutraceutical, Personal Care & Beauty Products, and Food & Beverages. Based on Form, the market is segmented into Tablets & Capsules, Liquid & Gel, and Powder. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Herbalife nutrition Ltd.
  • Blackmores Limited (Kirin Holdings Company, Limited)
  • Himalaya Global Holdings Ltd.
  • Nutraceutical Corporation
  • Patanjali Ayurved Limited
  • Genius Nature Herbs Private Limited
  • Bio-Botanica, Inc.
  • 21ST Century HealthCare, Inc.
  • Emami Limited
  • Cultivator Natural Products Pvt. Ltd.

Market Report Segmentation

By Application
  • Pharmaceutical & Nutraceutical
  • Personal Care & Beauty Products
  • Food & Beverages
By Form
  • Tablets & Capsules
  • Liquid & Gel
  • Powder
By Country
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Herbal Medicine Market, by Application
1.4.2 LAMEA Herbal Medicine Market, by Form
1.4.3 LAMEA Herbal Medicine Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Herbal Medicine Market
Chapter 5. LAMEA Herbal Medicine Market by Application
5.1 LAMEA Pharmaceutical & Nutraceutical Market by Country
5.2 LAMEA Personal Care & Beauty Products Market by Country
5.3 LAMEA Food & Beverages Market by Country
Chapter 6. LAMEA Herbal Medicine Market by Form
6.1 LAMEA Tablets & Capsules Market by Country
6.2 LAMEA Liquid & Gel Market by Country
6.3 LAMEA Powder Market by Country
Chapter 7. LAMEA Herbal Medicine Market by Country
7.1 Brazil Herbal Medicine Market
7.1.1 Brazil Herbal Medicine Market by Application
7.1.2 Brazil Herbal Medicine Market by Form
7.2 Argentina Herbal Medicine Market
7.2.1 Argentina Herbal Medicine Market by Application
7.2.2 Argentina Herbal Medicine Market by Form
7.3 UAE Herbal Medicine Market
7.3.1 UAE Herbal Medicine Market by Application
7.3.2 UAE Herbal Medicine Market by Form
7.4 Saudi Arabia Herbal Medicine Market
7.4.1 Saudi Arabia Herbal Medicine Market by Application
7.4.2 Saudi Arabia Herbal Medicine Market by Form
7.5 South Africa Herbal Medicine Market
7.5.1 South Africa Herbal Medicine Market by Application
7.5.2 South Africa Herbal Medicine Market by Form
7.6 Nigeria Herbal Medicine Market
7.6.1 Nigeria Herbal Medicine Market by Application
7.6.2 Nigeria Herbal Medicine Market by Form
7.7 Rest of LAMEA Herbal Medicine Market
7.7.1 Rest of LAMEA Herbal Medicine Market by Application
7.7.2 Rest of LAMEA Herbal Medicine Market by Form
Chapter 8. Company Profiles
8.1 Herbalife Nutrition Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.5 SWOT Analysis
8.2 Blackmores Limited (Kirin Holdings Company, Limited)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.5 SWOT Analysis
8.3 Himalaya Global Holdings Ltd.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Geographical Expansions:
8.3.3 SWOT Analysis
8.4 Nutraceutical Corporation
8.4.1 Company Overview
8.5 Patanjali Ayurved Limited
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.3 SWOT Analysis
8.6 Genius Nature Herbs Private Limited
8.6.1 Company overview
8.7 Bio-Botanica, Inc.
8.7.1 Company Overview
8.8 21 ST Century HealthCare, Inc.
8.8.1 Company Overview
8.9 Emami Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Product Launches and Product Expansions:
8.9.5 SWOT Analysis
8.10. Cultivator Natural Products Pvt. Ltd.
8.10.1 Company Overview

Companies Mentioned

  • Herbalife nutrition Ltd.
  • Blackmores Limited (Kirin Holdings Company, Limited)
  • Himalaya Global Holdings Ltd.
  • Nutraceutical Corporation
  • Patanjali Ayurved Limited
  • Genius Nature Herbs Private Limited
  • Bio-Botanica, Inc.
  • 21ST Century HealthCare, Inc.
  • Emami Limited
  • Cultivator Natural Products Pvt. Ltd.

Methodology

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