Europe Botanicals & Acupuncture Market Size & Outlook
Europe botanicals & acupuncture market, 2016-2027 (US$M)
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Europe botanicals & acupuncture market highlights
- The Europe botanicals & acupuncture market generated a revenue of USD 13,418.3 million in 2019.
- The market is expected to grow at a CAGR of 18.6% from 2020 to 2027.
- In terms of segment, botanicals was the largest revenue generating intervention scope in 2019.
- Acupuncture is the most lucrative intervention scope segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 13,418.3 million |
| Market revenue in 2027 | USD 52,628.8 million |
| Growth rate | 18.6% (CAGR from 2019 to 2027) |
| Largest segment | Botanicals |
| Fastest growing segment | Acupuncture |
| 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, Europe region accounted for 34.4% 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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Europe 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 74.06% in 2019. Horizon Databook has segmented the Europe botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
Europe leads the global botanicals and acupuncture market, owing to successful implementation of acupuncture and botanical medicines in a commercial level. This trend is likely to drive the European market further, as people are focusing on maintaining good health and early prevention of diseases.
The above trends are expected to drive the market for dietary supplements. Germany and France, followed by the UK & Spain, lead the European market, owing to their exposure to ancient Chinese medicine and other Asian therapeutic practices.
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Target buyers of Europe 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 Europe botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into Europe botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe botanicals acupuncture market size, by country, 2016-2027 (US$M)
Europe Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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