GCC Herbal Medicine Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 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.

Markntel Advisor’s GCC Herbal Medicine Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, GCC Herbal Medicine Market drivers, barriers, GCC Herbal Medicine Market Trends, and Key Players in GCC Herbal Medicine Market.

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GCC Herbal Medicine Market Dynamics: 2024-2030

GCC Herbal Medicine Market Driver:

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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GCC Herbal Medicine Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• 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)

According to report, Of them all, Herbal Cough, Cold & Allergy Remedies hold a substantial market share.

• 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)

According to report, Among them, e-commerce holds a substantial market share owing to the higher internet penetration rates, smartphone accessibility, and the rising inclination of customers to purchase medicine from online applications.

• 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)
• By Country
  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Herbal Medicine Market:

• 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

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