How the Botanicals And Acupuncture Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theBotanicals And Acupuncture Market?
The increasing use of herbal remedies is anticipated to fuel the expansion of the botanicals and acupuncture market in the future. Herbal remedies, also known as botanical medicine, are products made from plant extracts, herbs, or botanical substances for medicinal use. These herbal medicines are often combined with acupuncture as a part of traditional Chinese medicine (TCM) to amplify the healing results. For instance, the World Health Organization (WHO) reported in August 2023 that nearly 4 billion people, making up 80% of the world’s population, depend on herbal remedies as part of their healthcare. In the United States, 30% of people use herbal remedies every year. Therefore, the increasing use of herbal medicines is boosting the botanical and acupuncture market’s growth.
E-Commerce Penetration Boosting Growth in Botanicals And Acupuncture Market
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How Will the Growth Rate of theBotanicals And Acupuncture Market Impact Industry Trends by 2034?
The market size for botanicals and acupuncture has witnessed a substantial surge in the past few years. It is projected to inflate from $92.36 billion in 2024 to $111.46 billion in 2025, boasting a compound annual growth rate (CAGR) of 20.7%. The historical period’s expansion can be accredited to the elevation in natural therapies, a boost in orthocases, the escalation of the ageing population, and advancements in diagnostics and awareness.
Foreseen to experience explosive growth over the next few years, the botanicals and acupuncture market is projected to reach a value of $238.42 billion by 2029, growing at a compound annual growth rate (CAGR) of 20.9%. The anticipated growth during this forecast period is associated with an increase in surgical volume, the establishment of more ambulatory surgical centers, a rise in sport-related injuries, and higher accident rates. The period is also expected to witness major shifts like the incorporation of traditional practices into regular healthcare settings, the usage of botanicals in functional foods and drinks, research-backed evidence on the effectiveness of botanicals, advancements in acupuncture methodologies, and the fusion of botanicals and acupuncture in the wellness tourism sector.
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What Key Market Trends and Innovations Are Shaping the Future of theBotanicals And Acupuncture Industry?
Major companies operating in the botanicals and acupuncture market are focusing on drug development, such as TC Cream, to create evidence-based and medically validated products. TC Cream introduces an innovative topical solution for addressing psoriasis in patients. This breakthrough therapy targets multiple autoimmune signaling pathways to provide an effective treatment. For instance, in May 2023, the Psoriasis Research Institute of Guangzhou (PRIG), a China-based wholly-owned research institute of HiST Pharma, secured authorization to initiate a Phase III clinical trial for TC Cream in the United States by obtaining approval for its Investigational New Drug (IND). TC Cream represents a groundbreaking botanical drug, relieving numerous individuals grappling with the distressing effects of psoriasis and standing as the world’s pioneering solution for its treatment.
Which Companies Are Leading the Charge in Expanding theBotanicals And Acupuncture Market Growth?
Major companies operating in the botanicals and acupuncture market report are Archer Daniels Midland Company, International Flavors & Fragrances Inc., Nu Skin Enterprises Inc., Green Cross Corp., Blue Sky Botanics Ltd., Martin Bauer Group, Naturex S.A, Bionorica SE, Lee Kum Kee Health Products Group Limited, Nutraceutical Corporation, Indena S.p.A, P.T. Indesso Aroma Group, Columbia Nutritional LLC, Pukka Herbs Ltd., Gaia Herbs Inc., BI Nutraceuticals Inc., Bio-Botanica Inc., Golden Needle Acupuncture Herbal & Medical Supply, Arjuna Natural Extracts Ltd., Nordic Nutraceuticals ApS, Solaray Inc., Sabinsa Corporation, Salus-Haus GmbH & Co. KG, Synergy Flavors Inc., Herb Pharm LLC, WellSpring Acupuncture, Modern Acupuncture Holdings LLC, Ayush Ayurvedic Pte Ltd., Botanic Innovations LLC, Ransom Naturals Ltd.
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How is the Global Botanicals And Acupuncture Market Segemented?
The botanicals and acupuncture market covered in this report is segmented –
1) By Intervention: Botanicals, Acupuncture
2) By Application: Prescription, Over The Counter (OTC)
3) By Distribution Method: Direct Sales, E-Sales, Distance Correspondence
Subsegments:
1) By Botanicals: Herbal Supplements, Medicinal Plants, Essential Oils, Plant-Based Extracts
2) By Acupuncture: Traditional Acupuncture, Electroacupuncture, Acupressure, Auricular Acupuncture
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Which Geographics are Influencing the Growth of the Botanicals And Acupuncture Market?
Europewas the largest region in the botanicals and acupuncture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the botanicals and acupuncture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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