Middle East & Africa Botanicals & Acupuncture Market Size & Outlook
Middle East & Africa botanicals & acupuncture market, 2016-2027 (US$M)
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MEA botanicals & acupuncture market highlights
- The MEA botanicals & acupuncture market generated a revenue of USD 3,254.4 million in 2019.
- The market is expected to grow at a CAGR of 22.7% 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, South Africa is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 3,254.4 million |
| Market revenue in 2027 | USD 16,721.9 million |
| Growth rate | 22.7% (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, MEA region accounted for 8.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Botanicals & Acupuncture Market Scope
Botanicals & Acupuncture Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 60.56% in 2019. Horizon Databook has segmented the Middle East & Africa botanicals & acupuncture market based on botanicals, acupuncture covering the revenue growth of each sub-segment from 2016 to 2027.
Acceptance of the concept of traditional medicine is growing in the Middle East and African countries, wherein more than 70% of African residents are inclined toward consuming traditional herbal supplements.
This is further augmented by high penetration of botanicals as well as acupuncture therapies in beauty & wellness applications. Contrastingly, low disposable income in African countries has driven the integration of herbal medicines and plant extracts in the national healthcare system.
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Target buyers of Middle East & Africa 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 Middle East & Africa botanicals & acupuncture market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa botanicals & acupuncture market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA botanicals acupuncture market size, by country, 2016-2027 (US$M)
Middle East & Africa Botanicals & Acupuncture Market Share, 2019 & 2027 (US$M)
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