Asia Pacific Botanicals & Acupuncture Market Size & Outlook
Asia Pacific botanicals & acupuncture market, 2016-2027 (US$M)
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Asia Pacific botanicals & acupuncture market highlights
- The Asia Pacific botanicals & acupuncture market generated a revenue of USD 11,347.0 million in 2019.
- The market is expected to grow at a CAGR of 19.7% from 2020 to 2027.
- In terms of segment, botanicals was the largest revenue generating intervention scope in 2019.
- Botanicals is the most lucrative intervention scope segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 11,347.0 million |
| Market revenue in 2027 | USD 47,753.3 million |
| Growth rate | 19.7% (CAGR from 2019 to 2027) |
| Largest segment | Botanicals |
| Fastest growing segment | Botanicals |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Botanicals, Acupuncture |
| Key market players worldwide | Moderna Inc, Green Cross Health Ltd, Herb Pharm, Nestle SA, Nordic Naturals, LKK Health Products Group, ARC Physical Therapy+, Columbia Nutritional, Herbal Hills, Helio USA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.1% of the global botanicals & acupuncture market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
- MEA is the fastest growing regional market and is projected to reach USD 16,721.9 million by 2027.
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific botanicals & acupuncture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanicals & acupuncture market will help companies and investors design strategic landscapes.
Botanicals was the largest segment with a revenue share of 60.76% in 2019. Horizon Databook has segmented the Asia Pacific botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
Ancient medicine originates from Asia Pacific countries, including Ayurveda, homeopathy, and acupuncture, among others. Increasing popularity of traditional, Chinese medicine and Ayurveda across the globe has made Asia Pacific a lucrative zone for local, regional, and international entities operating in the botanicals and acupuncture market.
Several analytical surveys conducted in the recent years have focused on addressing the challenges associated with commercial implications of herbal medicines.
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Target buyers of Asia Pacific botanicals & acupuncture market databook
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Our clientele includes a mix of botanicals & acupuncture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific botanicals acupuncture market size, by country, 2016-2027 (US$M)
Asia Pacific Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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