Understanding the GCC Herbal Medicine Market Size, Share, Analysis Forecast 2030

GCC Herbal Medicine Market Overview:

According to MarkNtel Advisors study the GCC Herbal Medicine Market size is valued at USD 224.83 Million in 2023 is estimated to reach USD 366 Million by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.90% during the forecast period, i.e., 2024-30. The factors attributing to the surge in demand for herbal medicine across the GCC are the growing consumer awareness regarding the adverse effects of synthetic medicine, rising instances of immunity-related illnesses, including cold cough, and the increasing health awareness programs by the national governments.

Key Findings of the Study: GCC Herbal Medicine market

Increasing Consciousness About the Ill-Effects of Allopathic Medicine – In recent years, the prevalence of diseases, like obesity, asthma allergies has substantially increased. As per the statistics by the National Institutes of Health, more occurrences of self-reported chronic diseases in the UAE reached around 23% in 2022. These health issues require immediate medical treatment and the consumers are strictly advised to follow a medication routine. However, the daily consumption of synthetic medicine adversely affects the other organs of the consumers. As a result, the patients experience side effects, like dizziness, insomnia, headache, etc., due to the allopathic medicines. Therefore, consumers are increasingly seeking solutions, like herbal medicines, that do not cause any health complicacy.

Further, the consistent consumption of allopathic medicine also makes the individuals addicted and they experience withdrawal symptoms after they are cured. Therefore, to eradicate the issues that stem from synthetic medicinal doses, healthcare professionals in the GCC nations are increasingly recommending the patients opt for herbal medicine, driving the market growth.

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Scope of the GCC Herbal Medicine Market Report Segmentation

-By Type of Remedies

Herbal Analgesics – Market Size Forecast 2019-2030 (USD Million)
Herbal Sleeping Aids– Market Size Forecast 2019-2030 (USD Million)
Herbal Cough, Cold Allergy Remedies– Market Size Forecast 2019-2030 (USD Million)
Herbal Digestive Remedies– Market Size Forecast 2019-2030 (USD Million)
Herbal Dermatologicals– Market Size Forecast 2019-2030 (USD Million)
Herbal Dietary Supplements– Market Size Forecast 2019-2030 (USD Million)
Herbal Tonics– Market Size Forecast 2019-2030 (USD Million)

-By Source

Roots and Barks – Market Size Forecast 2019-2030 (USD Million)
Leaves– Market Size Forecast 2019-2030 (USD Million)
Flowers – Market Size Forecast 2019-2030 (USD Million)
Fruits – Market Size Forecast 2019-2030 (USD Million)
Whole Plant– Market Size Forecast 2019-2030 (USD Million)
Others– Market Size Forecast 2019-2030 (USD Million)

-By Form

Extracts– Market Size Forecast 2019-2030 (USD Million)
Powders– Market Size Forecast 2019-2030 (USD Million)
Capsules Tablets– Market Size Forecast 2019-2030 (USD Million)
Syrups– Market Size Forecast 2019-2030 (USD Million)

-By Sales Channel

Hospitals – Market Size Forecast 2019-2030 (USD Million)
Pharmacies – Market Size Forecast 2019-2030 (USD Million)
E-commerce – Market Size Forecast 2019-2030 (USD Million)

-By Consumers

Male– Market Size Forecast 2019-2030 (USD Million)
Female– Market Size Forecast 2019-2030 (USD Million)
Children– Market Size Forecast 2019-2030 (USD Million)

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Geographical analysis:

-By Country

Saudi Arabia
The UAE
Qatar
Kuwait
Oman
Bahrain

Geographically, Saudi Arabia held market share of more than 60% in 2023 due to the growing geriatric population presence of top companies in the country. The usage of herbal medicine as an immunity booster, and treatment for colds, coughs, fevers, etc., is deeply ingrained in the Arabic culture. As a result, a large number of customers prefer to use them in place of other types of medicines. Based on the customer survey, it has been found that around 64% of the citizens in the country are confident about the use and efficacy of herbal medicines. Further, around 63% of the patients suffering from any chronic disease used at least one herbal supplement. This higher consumer trust in the efficacy product quality of herbal medicines is supporting the market growth in Saudi Arabia.

GCC Herbal Medicine Industry Recent Development:

2024: Globalpharma: Launched two herbal medicines, i.e., an anti-inflammatory, and medicine for the management of Dyslipidaemia in the UAE
2023: Himalaya Wellness Company LLC: Announced the establishment new herbal pharmaceutical factory in Dubai, the UAE with an investment of around USD54.45 Million.

Current Landscape of GCC Herbal Medicine Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Herbal Medicine market. The research report profiles major players, including

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Saudi Pharmaceutical Industries Medical Appliances Corporation

Manayer Najd Medical Co
Saudi Arabian Drug Store Co.Ltd
GT Medical
MPS Bashirco
Haw Par Healthcare Ltd
Reckitt Benckiser Arabia FZE
Performance Health Inc
Enzymedica, Inc
The Procter Gamble Co,
Forest Laboratories Inc
Globalpharma
Himalaya Wellness Company LLC
Others

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