Market Highlights: Medical extracts are widely used in healthcare. These extracts have exceptional healing abilities and are therefore often used in various therapies. Some of the plants have massive healing and repairing properties. These properties can also be helpful for the human body. Therefore, pharmaceutical companies use medicinal herb extracts to develop new drugs. In addition, these extracts have little or no adverse effects on the human body, making them one of the best components for drug development. It is therefore the pharmaceutical industry that includes plant extracts in their medicines, which consequently fosters the growth of the global market for pharmaceutical and medicinal herbal extracts. In addition, herbal plants are easy to use and extracts are easier to develop. This helps pharmaceutical companies to reduce the cost of development of new drugs. This makes the pharmaceutical industry one of the leading users of medicinal herbal extracts and the main promoter of the global market for pharmaceutical and medicinal herbal extracts. In addition, some of the exotic plants are treated with aromatic treatments such as sauna and massage. These applications are also an important factor that is driving the growth of the global market for pharmaceutical and medicinal herbal extracts today. Based on these applications, exponential growth is forecast for the global market over a period of time. The market study is being classified by Type (Capsule, Tablet, Powder and Others), by Application (Treatment, Massage and Medicines) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Pharmaceutical and Medicinal Herbal Extracts are Gaia Herbs (United States), Green Earth Products Pvt. Ltd (India), Plant Extracts International Inc. (United States), Organic Herb Inc. (China), FT Technologies Ltd. (United Kingdom), Naturex (France), Maat Nutritionals (United States), Kingherbs Ltd. (China), Savesta Life (United States) and Bio-Botanica Inc. (United States).
On 16 March 2021, Gaia Herbs, a renowned natural herbal products company in the United States, has announced a new line of six mushroom capsule supplements to enhance whole-body health and wellness. Energy and stamina support, stress support, and support for optimal liver function are among the products designed to help preserve lung, immunological, heart, brain, and neurological health. The company is introducing its newest mushroom supplements, which are highly concentrated, employ 100 percent organic mushroom fruiting bodies (the above-ground part of the mushroom that has been used for thousands of years), and come in a convenient capsule style.
Key Questions Answered in the Report What will the Pharmaceutical and Medicinal Herbal Extracts Market size and the growth rate be in Future? What are the key factors driving the Pharmaceutical and Medicinal Herbal Extracts Market? What are the key market trends and macro-economic impacting the growth of the Pharmaceutical and Medicinal Herbal Extracts Market? What are the challenges to market growth? Who are the key vendors in the Pharmaceutical and Medicinal Herbal Extracts Market? What are the market opportunities and threats faced by the vendors in the Pharmaceutical and Medicinal Herbal Extracts Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Pharmaceutical and Medicinal Herbal Extracts Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pharmaceutical and Medicinal Herbal Extracts market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pharmaceutical and Medicinal Herbal Extracts market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Pharmaceutical and Medicinal Herbal Extracts, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.