admin The COVID-19 virus was declared as a global pandemic by the WHO in March 2020. The pandemic had prime influences on the health and pharmaceutical industries, which is likely to succeed in the short and long-term period. There also prevail short and long-term adverse effects on RandD and production activities.
According to the study, the global herbal medicine market is projected to grow from $165.66 billion in 2022 to $347.50 billion by 2029, at a CAGR of 11.16% in forecast period. The global herbal medicine market size was USD 151.91 billion in 2021. The market is projected to grow from USD 165.66 billion in 2022 to USD 347.50 billion by 2029, exhibiting a CAGR of 11.16% during the forecast period 2022-2029. According to Fortune Business Insights.
The tablets and capsules segment holds a significant market share based on form. Various such medicines are accessible in the form of capsules and tablets in the market. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
The cosmetics industry offers impressive prospects for exporters of organic ingredients from emerging nations to extend their businesses in established regions. The demand is surging for natural ingredients from the cosmetic industry. The prime aspects that are fueling this demand are surging consumer consciousness about organic cosmetics and the increasing emphasis among cosmetics companies to offer natural herbal substitutes to synthetic constituents. As the demand for natural ingredients utilized in cosmetics and toiletries products is rising, this trend is anticipated to endure during the forecast period.
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