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Homeopathic Products Market to Garner $119.7 Billion, Globally, By 2030

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According to the industry experts, The homeopathic products market garnered $ 6.2 billion in 2020 and is expected to generate $ 19.7 billion by 2030, manifesting a CAGR of 12.3% from 2021 to 2030.  The report contains 150+ pages with detailed analysis.

Homeopathic Products Market Size 2021 to 2030

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The homeopathic products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The increasing demand for the complementary and alternative medicine is expected to drive the global homeopathic product market. According to the British Homeopathic Association, homeopathy is a natural form of medicine that cures both the acute and chronic diseases from the roots and prevents ant type of side-effects. As per the data published by the Homeopathy Research Institute, around 200 million people across the globe use homeopathic products on a regular basis.

The rising prevalence of chronic diseases among the population is a significant driver of the homeopathic product market. According to the World Health Organization, the developing countries are expected to witness maximum number of chronic diseases among its population owing to the rapidly growing population. Furthermore, the rising inclination towards the non-invasive treatment is fostering the market growth. The invasive treatment are too costly and certain health complications may arise after the treatment. On the other hand, the homeopathy offers orally administered medicines and are free from side effects and are cheaper. This is a major driver of the homeopathic product market.

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The rising investments in the expansion, new product launches, and research & developmental activities adopted by the top players are expected to boost the growth of the market during the forecast period. Companies are trying to develop innovative ways to extract ingredients from plants and minerals. Furthermore, the surging awareness among the population regarding the gene-targeted treatment in the homeopathy is resulting in a burgeoning demand for the homeopathic products across the globe.

The rising prevalence of chronic diseases, growing geriatric population, high healthcare expenses related to the modern healthcare treatment centers, rising awareness regarding the effectiveness of homeopathy medicines, cheaper cost of medicines, and rising consumer expenditure on health and wellness are some of the important factors that are accountable for the growth of the global homeopathic product market during the forecast period.

Homeopathic Products Market Report Highlights
  • Based on product type, the market is segmented into dilutions, tincture, tablets, bio-chemics, ointments and others. The dilutions segment accounted largest revenue share in 2020 and the trend is likely to continue during the forecast period. The tablets segment is projected to witness fastest growing segment in near future.
  • Based on application, the market is segmented into analgesic and antipyretic, dermatology, respiratory, neurology, immunology, gastroenterology, and others. The analgesic and antipyretic segment accounted largest revenue share in 2020. On the other hand, the respiratory segment is anticipated to grow at a remarkable CAGR over the forecast period 2021 to 2030.
  • Based on source, the plant segment dominated market share for over 65% in 2020, owing to the extensive use of plants, herbs, vegetable, flowers, roots, leaves, and fruits in the preparation of medicines across the globe.
  • Based on region, Europe dominated the market with 65% revenue share in 2020 due to growing geriatric population.
Scope of the Homeopathic Products Market
Report Coverage Details
Market Size in 2030 USD 19.7 Billion
Growth Rate From 2021 to 2030 CAGR of 12.3%
Fastest Growing Market Asia Pacific
Largest Market Europe
Base Year 2021
Forecast Period 2021 to 2030

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The North America dominated the market in 2020, in terms of revenue. The North American population is becoming more aware of the recent developments in the homeopathic products. Further, the growing popularity of gene-targeted treatment is boosting the demand in the region. The government initiatives to protect those patients who prefers homeopathic treatment may impact the market growth. Food and Drug Administration of the US is to update its policies regarding the homeopathic products to ensure safe ingredients and good manufacturing practices in the industry. These factors are expected to propel the growth of the homeopathic product market in North America.

Asia Pacific is expected to be the fastest-growing market. The presence of huge population coupled with rising burden of disease is fostering the market. Moreover, the huge youth population is expected to boost the demand for the homeopathic products to treat acne and skin related issues as the homeopathy offers very effective and permanent treatment for various skin related issues like acne and pimples. Further, the rising popularity of homeopathy clinic chains in the region is fostering the market growth.

The rising popularity of tablet form of homeopathic medicines is gaining traction among the population. The homeopathic treatments are very much effective when the medicine doses are taken in accurate amounts and hence tablet form of medicine offers accurate dosage and ease and convenience associated with the consumption and storage of the tablets is fueling the growth of the homeopathic product market, globally.

The increased demand for the analgesic and antipyretic has significantly contributed towards the market growth. The analgesic and antipyretics are extensively used for the treatment of common conditions such as fever, cold, flu, headaches, and toothaches. Moreover, the rapidly growing demand for the respiratory treatment medicines in the recent years owing to the rising prevalence of asthma and other respiratory syndromes is expected to drive the market in the forthcoming years.

The increased usage of plant based sources for the preparation of homeopathic medicines has dominantly driven the homeopathic market. Maximum volume of homeopathic products are produced from the extracts of plants, herbs, leaves, roots, fruits, and vegetable. These naturally derived sources helps to trigger the healing properties of the human body.

The various developmental strategies like new product and expansion strategies fosters market growth and offers lucrative growth opportunities to the market players. For instance, in February 2020, Dr. Reckeweg & Co. announced to expand its product portfolio to include cannabis products for medical purposes.

Homeopathic Products Market Key Players/Manufacturers

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the homeopathic products market and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the global homeopathic products market include:

  • BoironUSA
  • BiologischeHeilmittel Heel GmbH
  • A Nelson & Co Ltd
  • Homeocaninc.
  • SBL
  • Hahnemann Laboratories
  • Mediral International Inc
  • AinsworthsLtd.
  • Hevert – Arzneimittel GmbH & Co. KG
  • BioIndiaPharma
  • Bioforce
  • SchwabeGroup
  • Lord’S Homeopathic Laboratory (P) Ltd.
  • Hyland’s Homeopathic
  • Arogya
  • Bakson
  • Helios Homeopathy
  • Rxhomeo
Homeopathic Products  Market Segments Covered

By Product

  • Dilutions
  • Tincture
  • Tablets
  • Others

By Application

  • Analgesic and Antipyretic
  • Respiratory
  • Neurology
  • Others

By Source

  • Plants
  • Animals
  • Minerals

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Research Objective

  • To provide a comprehensive analysis of the homeopathic products industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
  • To provide detailed insights into factors driving and restraining the growth of this global market
  • To provide a distribution chain analysis/value chain for the this market
  • To estimate the market size of the global homeopathic products market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
  • To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
  • To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
  • To provide country-wise market value analysis for various segments of the homeopathic products
TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Homeopathic Products Market 

5.1. COVID-19 Landscape: Homeopathic Products Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Homeopathic Products Market, By Product

8.1. Homeopathic Products Market, by Product Type, 2021-2030

8.1.1. Dilutions

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Tincture

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Tablets

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Homeopathic Products Market, By Application

9.1. Homeopathic Products Market, by Application, 2021-2030

9.1.1. Analgesic and Antipyretic

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Respiratory

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Neurology

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Homeopathic Products Market, By Source 

10.1. Homeopathic Products Market, by Source, 2021-2030

10.1.1. Plants

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Animals

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Minerals

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Homeopathic Products Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Source (2019-2030)

Chapter 12. Company Profiles

12.1. BoironUSA

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. BiologischeHeilmittel Heel GmbH

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. A Nelson & Co Ltd

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Homeocaninc

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. SBL

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Hahnemann Laboratories

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Mediral International Inc

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. AinsworthsLtd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Hevert – Arzneimittel GmbH & Co. KG

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. BioIndiaPharma

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Bioforce

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. SchwabeGroup

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. Lord’S Homeopathic Laboratory (P) Ltd.

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s homeopathic products market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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