GCC Herbal Medicine Market Research Report: Forecast (2024-2030)

GCC Herbal Medicine Market Share - By Type of Remedies (Herbal Analgesics, Herbal Sleeping Aids, Herbal Cough, Cold & Allergy Remedies, Herbal Digestive Remedies, Herbal Dermatolog......icals, Herbal Dietary Supplements, Herbal Tonics), By Source (Roots and Barks, Leaves, Flowers, Fruits, Whole Plant, Others), By Form (Extracts, Powders, Capsules & Tablets, Syrups), By Sales Channel (Hospitals, Pharmacies, E-commerce), By Consumers (Male, Female, Children), and Others Read more

  • Healthcare
  • Aug 2024
  • 147
  • PDF, Excel, PPT

Market Definition

Herbal medicine is referred to as the medicine that uses roots stems, leaves, flowers, or seeds of plants to improve health, prevent disease, and treat illness.

Market Insights & Analysis: GCC Herbal Medicine Market (2024-30):

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.

The outbreak of COVID-19 has steered a change in customer behavior toward the acceptance of herbal medicine in the region. Consumers in the GCC are gradually moving towards natural remedies amid rising health consciousness.

Further, due to the hot & humid temperature and poor water quality, the consumers in the region are witnessing an increase in skin-related issues, like sunburn, heat rashes, etc. As per the statistics by the Emirates Dermatologists Society, more than 24% of the adolescents in the UAE are suffering from Eczema. These rising issues are compelling consumers to use medicines that are effective and safe for different types of skin. Therefore, the end-users are using herbal dermatological that do not contain toxins to soothe the inflammation on the skin, enlarging the market size.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 6.90%
Region Covered The UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain
Key Companies Profiled 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.
Market Value (In 2023) USD 224.83 Million
Market Value (By 2030) USD 366 Million

Moreover, the countries in the GCC region are competing to establish themselves as the most preferred tourist destination for global business events, developing sports infrastructure to host mega sporting events, adventure hubs, etc. They have set ambitious targets to invite foreign tourists to boost their economic growth under several futuristic Vision Plans. For instance, the Ministry of Tourism of Saudi Arabia has set a target to host 150 million foreign tourists in 2030. While, UAE and Qatar are gearing up to invite around 40 million and 6 million, respectively in the same year.

This increasing visitor mobility in the region is creating greater opportunities for viruses and colds to spread. Along with this, the government has lifted restrictions on the number of people permitted to undertake Hajj and Umrah, which will lead to the entry of more people into the region. During these times, the consumption of vitamins, dietary supplements, and other preventive herbal/traditional products to stay healthy would increase, enhancing market growth. Meanwhile, an increasing number of herbal/traditional products will continue to enter the GCC countries' market due to the ease of doing business in these nations. This, in turn, would make these products easily accessible, boosting market growth.  

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. GCC Herbal Medicine Market Trends & Developments
  5. GCC Herbal Medicine Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. GCC Herbal Medicine Market Opportunities & Hotspots
  7. GCC Herbal Medicine Market Value Chain Analysis
  8. GCC Herbal Medicine Market Regulations and Policy
  9. GCC Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies
        1. Herbal Analgesics – Market Size & Forecast 2019-2030 (USD Million)
        2. Herbal Sleeping Aids– Market Size & Forecast 2019-2030 (USD Million)
        3. Herbal Cough, Cold & Allergy Remedies– Market Size & Forecast 2019-2030 (USD Million)
        4. Herbal Digestive Remedies– Market Size & Forecast 2019-2030 (USD Million)
        5. Herbal Dermatologicals– Market Size & Forecast 2019-2030 (USD Million)
        6. Herbal Dietary Supplements– Market Size & Forecast 2019-2030 (USD Million)
        7. Herbal Tonics– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source
        1. Roots and Barks – Market Size & Forecast 2019-2030 (USD Million)
        2. Leaves– Market Size & Forecast 2019-2030 (USD Million)
        3. Flowers – Market Size & Forecast 2019-2030 (USD Million)
        4. Fruits – Market Size & Forecast 2019-2030 (USD Million)
        5. Whole Plant– Market Size & Forecast 2019-2030 (USD Million)
        6. Others– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form
        1. Extracts– Market Size & Forecast 2019-2030 (USD Million)
        2. Powders– Market Size & Forecast 2019-2030 (USD Million)
        3. Capsules & Tablets– Market Size & Forecast 2019-2030 (USD Million)
        4. Syrups– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel
        1. Hospitals – Market Size & Forecast 2019-2030 (USD Million)
        2. Pharmacies – Market Size & Forecast 2019-2030 (USD Million)
        3. E-commerce – Market Size & Forecast 2019-2030 (USD Million)
      5.  By Consumers
        1. Male– Market Size & Forecast 2019-2030 (USD Million)
        2. Female– Market Size & Forecast 2019-2030 (USD Million)
        3. Children– Market Size & Forecast 2019-2030 (USD Million)
      6. By Country
        1. Saudi Arabia
        2. The UAE
        3. Qatar
        4. Kuwait
        5. Oman
        6. Bahrain
    3. By Company
      1. Competition Characteristics
      2. Market Share of top Competitors
  10. Saudi Arabia Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers – Market Size & Forecast 2019-2030 (USD Million)
  11. The UAE Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers – Market Size & Forecast 2019-2030 (USD Million)
  12. Qatar Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers – Market Size & Forecast 2019-2030 (USD Million)
  13. Kuwait Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers – Market Size & Forecast 2019-2030 (USD Million)
  14. Oman Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers – Market Size & Forecast 2019-2030 (USD Million)
  15. Bahrain Herbal Medicine Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type of Remedies– Market Size & Forecast 2019-2030 (USD Million)
      2. By Source– Market Size & Forecast 2019-2030 (USD Million)
      3. By Form– Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel– Market Size & Forecast 2019-2030 (USD Million)
      5. By Consumers– Market Size & Forecast 2019-2030 (USD Million)
  16. GCC Herbal Medicine Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Company Profiles
      1. Saudi Pharmaceutical Industries & Medical Appliances Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Manayer Najd Medical Co
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Saudi Arabian Drug Store Co.Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. GT Medical
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. MPS Bashirco
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Haw Par Healthcare Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Reckitt Benckiser Arabia FZE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Performance Health Inc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Enzymedica, Inc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. The Procter & Gamble Co,
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Forest Laboratories Inc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Globalpharma
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Himalaya Wellness Company LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Others
  18. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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