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The Global Herbal Medicine Market is expected to register a CAGR of 5.88% to reach USD 1,29,689.3 Million till 2023. Herbal medicines are therapeutic systems using plant materials. Herbal medicines are made up of various parts of plants such as roots, leaves, seeds, flowers, oil, bark, etc. Herbal medicines had been used since ancient times for the treatment of various diseases. By adopting new innovative methods, herbal medicines are now available in the form of capsules, syrups, tablets, powders, and plant extracts.
Herbal medicine has been gaining significance in recent years, owing to the increasing demand for natural medicines. According to the National Center for Biotechnology Information, 2015, the World Health Organization (WHO), reported that around 70% to 80% of people globally rely on herbal sources for their treatment.
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