The Global Herbal Medicine Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global herbal medicine market size was estimated to be US$ 83 billion in 2019 and is expected to reach US$ 550 billion by 2030 at a CAGR 18.9% through 2030. An herb is basically a plant or plant part that is used in medicine, because of its scent, flavour, or its therapeutic properties. Herbal medicines are a type of dietary supplement. They make use of plants or plant parts, to treat disease and enhance general health and wellbeing.
These natural medicines are sold in the form of tablets, capsules, powders, and fresh or dried plants. People use herbal medicines to cure ailments, or as an attempt to maintain or improve their health. Herbal medicines aim to return the body to its state of natural balance so that it can heal itself when ill. Different types of herbs act on different parts of the body.
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