Herbal medicinal products are medicines made from plants and plant extracts. They contain active ingredients like herbs, bark, berries, flowers, roots, leaves and other plant parts known to have therapeutic effects. Herbal remedies are widely used around the world for conditions like common cold, digestive issues, skin problems, nausea and others due to their natural compositions and lesser side effects compared to synthetically produced medicines. The global herbal medicinal products market has seen significantly rising adoption of dietary supplements and herbal teas to boost immunity and maintain overall wellness.

Key players operating in the herbal medicinal products are Boiron, Himalaya Global Holdings Ltd., Arkopharma Laboratories, Cultivator Natural Products, Patanjali Ayurvedic India Ltd, Herbalife International of America, Inc., Emami Ltd, NUTRAMARKS, INC., Arogya Formulations (P) Ltd., Navayur Herbals, Nature’s Answer Inc., 21ST Century HealthCare, Inc., and Bio-Botanica Inc.

Key Takeaways
Key players operating in the herbal medicinal products are innovating new herbal formulations and focusing on brand building activities through advertisement and promotion. Key players like Boiron, Himalaya Global Holdings Ltd., and Patanjali Ayurved are capturing high market share by offering diverse herbal product range for multispecialty usage.

The Herbal Medicinal Products Market Demand is increasing globally due to rising awareness about healthcare, side effects of allopathic medicines and shift towards preventive healthcare approach. The Covid-19 pandemic further boosted immunity-boosting herbal products consumption. Herbal teas consumption recorded significant growth during the pandemic period.

Technological advancements in herbal drug discovery practice like metabolomics, artificial intelligence are aiding identification of novel bioactive compounds from herbs useful for various ailments. Extraction technologies improvement is allowing concentration of active principles with enhanced bioavailability in herbal products.

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