Herbal Medicinal Products Market Analysis 2022 Global Future Outlook 2030, Key Applications, Trends, Top Companies
Market Overview The Herbal Medicinal Products Market is expected to reach USD 16,191 Million by 2030 at 12.16% CAGR during the forecast period 2022-2030. Herbal medicinal products are the products are prepared exclusively from the plant source. Herbal plants consist of numerous natural ingredients like polysaccharides, alkaloids, phenols, glycosides, terpenoids, and resins, which are used in herbal medicine formulations owing to its medicinal property. For example, polyphenolic compounds like flavonoids, tannins, and curcumin extracted from herbal plants, which have a good anti-cancer property. Commonly available herbal medicinal products are in the form of capsules, tablets, powder, oils/ointments, and others. Growth Boosters and Key Restraints Herbal medicines products are dietary supplements or nutraceuticals with health claims in regions like North America, pre-approved by the Food and Drug Administration (FDA). FDA regulations for such products are less ...