South Africa Complementary And Alternative Medicine Market Size & Outlook
South Africa complementary and alternative medicine market, 2018-2030 (US$M)
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South Africa complementary and alternative medicine market highlights
- The South Africa complementary and alternative medicine market generated a revenue of USD 2,958.0 million in 2023 and is expected to reach USD 12,844.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, traditional alternative medicine/botanicals was the largest revenue generating intervention in 2023.
- Mind Healing is the most lucrative intervention segment registering the fastest growth during the forecast period.
Complementary and alternative medicine market data book summary
| Market revenue in 2023 | USD 2,958.0 million |
| Market revenue in 2030 | USD 12,844.2 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Traditional alternative medicine/botanicals |
| Fastest growing segment | Mind Healing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional Alternative Medicine/Botanicals, Mind Healing, Body Healing, External Energy, Sensory Healing |
| Key market players worldwide | Columbia Nutritional, Nordic Naturals, The Healing Co Inc, Nestle SA, Unity Woods Yoga Center, Herb Pharm |
Other key industry trends
- In terms of revenue, South Africa accounted for 2.0% of the global complementary and alternative medicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia complementary and alternative medicine market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10,704.5 million by 2030.
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Complementary And Alternative Medicine Market Scope
Complementary And Alternative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa complementary and alternative medicine 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 complementary and alternative medicine market will help companies and investors design strategic landscapes.
Traditional alternative medicine/botanicals was the largest segment with a revenue share of 33.82% in 2023. Horizon Databook has segmented the South Africa complementary and alternative medicine market based on traditional alternative medicine/botanicals, mind healing, body healing, external energy, sensory healing covering the revenue growth of each sub-segment from 2018 to 2030.
More than 80% of the African population, according to the WHO, relies on traditional medicine for its medical requirements. Due to its accessibility, perceived low toxicity, and low cost, traditional medicine has continued to gain acceptance throughout Africa.
Recent research has demonstrated that steam inhalation and oral administration of the leaves of Azadirachta indica, Mangifera indica, Eucalyptus globulus, Carica papaya, Psidium guajava, Citrus reticulate, & Musa paradisiaca can relieve symptoms and restore physiological & psychological functions.
The Zimbabwean government reportedly gave herbalists permission to treat COVID-19 symptoms in patients using these medicines, which caused national public health professionals to express their concern.
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Our clientele includes a mix of complementary and alternative medicine 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa complementary and alternative medicine market , including forecasts for subscribers. This country databook contains high-level insights into South Africa complementary and alternative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa complementary and alternative medicine market size, by intervention, 2018-2030 (US$M)
South Africa Complementary And Alternative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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