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Europe has emerged as the largest market for herbal medicine. As the trend for natural products increases, growth for herbal/traditional products continues to increase in 2020, with the upward trend for natural items further boosted by the outbreak of COVID-19. Herbal remedies are becoming increasingly popular in many countries. The Herbal/Traditional Products in Vietnam market research report includes: Our market research reports answer questions such as: This industry report originates from Passport, our Consumer Health market research database. In 2010, herbs and plants represented 18 percent of that market. ★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional. The Organic Herbal Medicine market has witnessed growth from USD XX million to USD XX million from 2014 to 2019. Subscribe to our content! This report mainly elaborates on the segmentation, end-user, size, share, trend, future demand and leading players with respect to the Global and Europe Herbal Medicine market. Market Analysis and Insights: Global Herbal Medicine Market The global Herbal Medicine market size is projected to reach USD 218940 million by 2026, from USD 148360 million in … 1.3.2 Global Herbal Medicine Market Size and Growth Rate of Medicinal part from 2014 to 2026. These medicines have less side effects and are cost-efficient. Middle Year Festival, traditional medicinal of Vietnamese people, Hoi An market, Hoi An old town, Vietnam. This report is intended to oblige requests of those organizations that wish to move into new market section. Gain competitive intelligence about market leaders, Track key industry trends, opportunities and threats, Inform your marketing, brand, strategy and market development, sales and supply functions. Deputy Editors-in-Chief: Inform your marketing, brand, strategy and market development, sales and supply functions. They can be from pigs, beef , duck or chicken. Which traditional products, like charcoal, bird’s nest, camphor, valerian, or menthol, are popular? Vietnamfails to tap herbal medicine market have 317 words, post on at February 23, 2010. 2020 FDI attraction hits 28.35 billion USD, The prescription for 2021 – to invest in high quality and give back to society, Stock market hits records in COVID-19 year on rising optimism, Vietnam – home away from home  in hard times for Gamuda Land, Novartis brings pioneer online medical platform to Vietnam, Expanding digital-only lenders open up framework questions, Brexit deal met with relief across Europe, UKVFTA boost Vietnam and UK bilateral trade, Banks to stop issuing magnetic strip cards in three months, Restoring confidence after a challenging year, Russian President extends New Year greetings to Vietnam, Make in Vietnam, by Vietnam for a fresh digital orientation, USAID and the MPI in tandem to push SME development, UK-Vietnam FTA to become effective from 23:00 on December 31, An inclusive view of integration successes, A destination of innovation in the new era, US labels Vietnam currency manipulator in improper move, New cloud communications tools by Infobip to maximise customer engagement in new normal, BASF and partners launch fifth school in remote areas of Vietnam, Innovation – key to successful development, Pride and Protectionism: GE publishes 2020 GE Global Innovation Barometer, Based on MasterCMS Ultimate Edition Ver 2.9 2020, Vietnam pharmaceutical market lures investors, illustration photo source:VTV. Main Markets : Worldwide; Main Products : Drug & Raw Material Pharmaceutical, Links : Health & Medicines, Herbs & Medicines, Other Herbs & Medicines, Company Introduction. The Global Herbal Medicine market was valued at XX.0 million US$ in 2018, with the CAGR of 1.7%, this market is estimated to reach USD XX.0 million US$ in 2026. With fewer side effects of herbal medicine treatment, it will be more and more popular. For example, Abbott has acquired a 51.69% stake in Domesco, having completed procedures for a buyout of Glomed in August 2016. Other than COVID-19, one of the main factors expected to maintain growth in herbal/traditional products in Vietnam in 2020 is the rapidly ageing population. The best results in 2020 are expected to be seen from herbal products that combat anxiety and improve sleep, as consumers stress increases in response to the pandemic. A number of traditional medical treatments are practised in Vietnam. If you want remove this page, please contact us. Subscribe now and receive the latest news and updates! 1021-318X The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries. Are Ayurvedic or Traditional Chinese Medicine products available in Vietnam? Herbal/Traditional Products in Vietnam Herbal/Traditional Products in Vietnam Demand for herbal/traditional products continued to increase in 2019, especially within dietary supplements, cough, cold and hay fever - Market research report and industry analysis - 12729089 Although some progress has been made, regular access to essential medicines is still out of reach of one third of the world’s population (WHO 2004). Although Vietnam is modernizing quickly, traditional medicine in Vietnam has not disappeared and if anything is gaining something of a revitalization. Bui Duc Hai, Nguyen Van Hong and Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. Birds in groups A and B were treated with a natural herbal medicine including Echinacea, Licorice and Propolis extracts (250 ml/1000 L DW) from 5 to 45 days of age. VAT No. Herbal Product Purchases are Driven by Cultural Beliefs. Table of Content. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. Specific objectives: . A total of 60 one-day-old commercial chicks were randomly divided into 6 groups. A report from Mintel shows that the value of the cosmetics market may reach $2.35 billion by 2018. Figure Vietnam Organic Herbal Medicine Sales Growth Rate (2013-2018) (K MT) International reg: Registered as a newspaper at the Post Office, London, Serial No. Global Herbal Medicine Market Segment Insights: Based on categories, the market is fragmented into herbal pharmaceuticals, herbal functional foods, herbal dietary supplements, and herbal beauty products.The herbal pharmaceuticals segment held a large share of the market owing to high demand of herbal medicine and increasing prevalence of chronic diseases. Demand for these products is further driven in Vietnam by consumers’ increasing use of the internet to learn about the benefits and risks of the consumer health remedies they want to take. Herbal medicine, much of it imported from China, is widely available and sometimes very effective. The global Organic Herbal Medicine market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025. According to the evaluation, Vietnam spends as much as US$2 billion per year on medicinal imports. Awareness and practice of business integrity and CSR will be improved amongst members of herbal medicine value chains. Company Information. Introducing enhanced country reports featuring interactive datagraphics, charts and analysis. Tinospora species (Menispermaceae) is commonly used as a herbal medicine in South Asia, but very few toxic effects have been described. In many countries, particularly resource poor settings, consumers pay the full cost of the medicine, commonly referred to as consumer out-of-pocket payments, which contrib… Mediplantex is the big pharmaceutical company in VietNam manufacturing & trade medicine & raw material pharmaceutical. Herbal supplements market is expected to reach USD 85.1 billion by 2027 growing at a growth rate of 6.60% in the forecast period 2020 to 2027. Hoi An is a famous tourist destination in the world and Vietnam. The global OTC Herbal and Traditional Medicines market is valued at 132800 million US$ in 2018 and will reach 159800 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2019-2025. The overall objective of this action is to promote the contribution of CSOs to improved governance in herbal medicine value chain.. Data of IBM Research showed that Vietnam’s medicine market size in 2017 was estimated to be around US$4.7 billion, and is expected to surge to US$7.7 billion in 2021. “Organic Herbal Medicine Market is growing at a High CAGR during the forecast period 2020-2026. SLOOINP; ISSN No. If you're in the Herbal/Traditional Products industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions. The Global market for Alternative Medicine is estimated to grow at a CAGR of roughly X.X% in the next 8 years, and will reach USD X.X million in 2027, from USD X.X million in 2020. GB: 239-2559-40 Registered in England No. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. 9 This inclination towards herbal products are largely driven by the cultural backgrounds of the different Malaysian consumers. Report ID: 98229 3300 Pharma & Healthcare Dataintelo 131 Pages 4 (43) Report Details. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. Herbal Medicine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Meanwhile, the country’s medicine export revenue totaled only US$113 million last year. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. 1.4 Market Segmentation by End-Users © 2021 Euromonitor is privately owned & trademarked. Global Herbal Medicines Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. Contact Person : Mr. timeoutvietnam.vn Herbal medicine, much of it imported from China, ... As the cup cools, a partial vacuum is produced, leaving a nasty-looking but harmless red circular mark on the skin, which goes away in a few days. 1.3.1 Global Herbal Medicine Market Size and Growth Rate of Medicine Function from 2014 to 2026. Traditional Medicine in Vietnam. The industry is worth big money. Purchase the Herbal/Traditional Products in Spain country report as part of our herbal/traditional products market research for November 2020. We report a case of acute hepatitis associated with chronic use of high doses of Tinospora crispa.. A 49-year-old male with chronic low back pain bought a herbal medicine at a market … Nguyen Quoc Viet Traditional Vietnamese medicine is highly influenced by Chinese medicine, including acupuncture and Chinese herbs. Euromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals. So, herbal medicine has a huge market potential in the future. Address: 47 Quan Thanh St, Ba Dinh Distr, Hanoi, Vietnam - Tel: (024) 3845 0537, In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Herbal Medicine. Euromonitor International is the leading provider of strategic market research reports. Thuốc Nam is one of two kinds of folk remedies known to villagers, the other being the traditional exercise … What is the market size of Herbal/Traditional Products in Vietnam? When in Vietnam, you will often see them in Vietnamese daily meals - breakfast, lunch, dinner - and also in natural medicines that help the body prevent many diseases and flu. Meanwhile, the Medical Import-Export Joint Stock Corporation (Domesco) is investing in the sector by picking Digiworld as a distributor for its functional food products. Moreover, foreign enterprises have lately been competing to acquire stakes in leading Vietnamese pharmaceutical companies such as Traphaco and Domesco. Openness of and access to information about herbal material zones and herbal recipes will be promoted. Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections. Advertisement |  Consumers in Vietnam, like many people in other countries in Asia Pacific, feel that herbal/traditional and/or natural remedies of all kinds are safer, healthier, more sustainable and have fewer potential side-effects than products made with synthetic ingredients. As per the available records, the herbal medicine market in. Contact us, Editor-in-Chief: The group sets aside VND2,200 billion as investment capital for the project, focusing on oriental drug research, manufacture, trading and export-import. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. In fighting disease, most remedies are based on western medicine, but the majority of people have little awareness of disease prevention from herbs. Le Trong Minh Licence No. According to investors, Vietnam is an attractive pharmaceutical market with an average medicine consumption of 2017 reaching US$56 per capita. Traditional Vietnamese medicine, also known as Southern Herbology is a traditional medicine practiced by Vietnamese people. Emerging technologies and demand for higher quality meat products at lower prices have led to the development of efficient breeding processes utilizing statistical methods to determine genetic changes and characteristics. Delivery: Files are delivered directly into your account within a few minutes of purchase. The market in Europe is projected to reach a valuation in excess of USD 58,600 Mn by the year 2023. Fax: (024) 3845 7937; E-mail: vironline@vir.com.vn. Traditional Medicine in Vietnam. tinnhanhchungkhoan.vn |  A 2017 evaluation of the EU and the Vietnam Chamber of Commerce and Industry (VCCI) shows Vietnam has spent much money to import medicines and pharmaceutical ingredients for local consumption, meaning the market still has much room for those investors wanting to set up shop in the country. baodautu.vn |  The other traditional medicine that is also practiced in Vietnam is traditional Chinese medicine, also known as Northern Herbology. The broth is made from Chinese medicinal herbs and dried fruit (including mugwort, ... A more common sight on markets is animal organ soup. Given the fast growth, numerous investors have jumped into the market to cash in on opportunities here. Demand for herbal/traditional products continued to increase in 2019, especially within dietary supplements, cough, cold and hay fever remedies and sleep aids. Traditional herbal medicines are getting significant attention in global health debates. It is influenced by traditional Chinese medicine. Files are delivered directly into your account within a few minutes of purchase. Image of dried, medicine, vietnam - 20539589 Data of IBM Research showed that Vietnam’s medicine market size in 2017 was estimated to be around US$4.7 billion, and is expected to surge to US$7.7 billion in 2021. This is why tea bag products refined from the Hoan Ngoc plant are sold at VND50,000-80,000/box only and the market … New Jersey, United States,- The Herbal Medicine Consumption Market Research Report by Market Research Intellect focuses on some of the vital aspects of the market such as Revenue Rate, Market Share, Key Regions, and Production as well as Key Players. Vu Some retailers have declared to join the medicine distribution sector, including Mobile World Joint Stock Company, Digiworld and Nguyen Kim Joint Stock Company. Request a complimentary demonstration of our award-winning market research today. Herbal Medicine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Photo about Traditional dried herbs in vietnam market. The Vietnamese medicine market awash with potential and opportunities has recently lured a host of domestic and foreign investors. This is cached page on VietNam Breaking News. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026. Nguyen devoted 15 years to developing the plant, officially known as Crinum latifolium, into an herbal medicine. In 2012, global sales of Chinese herbal medicine reached US$83 billion, up more than 20 per cent from 2011 [2]. The report dispenses a comparative study of popular players in the organic herbal medicine market and traditional Chinese medicine market which … 1991 in the countries of the European Union was about $ 6. billion (may be over $20 billion now), with Germany account. Herbal Medicine Market Size And Forecast. Herbal Medicine Market was valued at USD 100.6 Billion in 2018 and is projected to reach USD 139.7 Billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.. Photo taken on: 27 July, 2015 In recent days, modern medicine has been subject to gain an increasing dominance; however, Southern indigenous medicine that is focused on radical cure rather than crash therapy is still given a priority. Ancient Chinese texts suggest that prior to their southern conquest in the second century B.C, a system of herbal medicine had been established in the northern regions of Vietnam. As with Western medicine, self-diagnosis is not advisable - see a doctor. The Organic Herbal Medicine market is analysed and market size information is provided by regions (countries). Another deal was by the Japanese Taisho Corporation becoming a major shareholder in DHG Pharma with a stake of 24.4%. The country's market for herbal remedies stood at 148.1 billion yen for fiscal 2016, a 56% rise over 10 years, based on official drug pricing, according to IMS Japan in Tokyo. Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis. Home » Reports » Global Organic Herbal Medicine Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application. Following the successful invasion and occupation of the Red River Delta by the Chinese, Thuốc Nam grew alongside Traditional Chinese Medicine or Thuốc Bắc. With millennial history, Vietnamese traditional medicine is invaluably national treasure due to the amazing curative effects reported. Increase in trend of using herbal medicines with natural ingredients is projected to create opportunities in the herbal cosmetics market during the forecast period. Don’t miss out your experience on Vietnamese foods without trying these Vietnamese herbs. Managing Editor: Nguyen Chi Mai, Vietnam Investment Review under the Ministry of Planning and Investment According to a new report by EMR titled, 'Indian Exotic Herbs Market Size, Share, Price Trends, Report 2020-2025', the market is expected to be driven in the forecast period of 2020-2025 by the rising exports of medicinal herbs by India. Global Herbal Medicine Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions People in Vietnam… The global herbal cosmetics market can be segmented based on product, distribution, physical state, and region. Gain competitive intelligence about market leaders. Discover the latest market trends and uncover sources of future market growth for the Herbal/Traditional Products industry in Vietnam with research from Euromonitor's team of in-country analysts. Euromonitor International is the leading provider of strategic market research reports. Vietnam animal feed market revenue by product, 2012-2022, (Kilo Tons) Growing regulatory pressure on companies has led to the adoption of hygienic animal husbandry practices. Global Herbal Medicine market size will increase to 2149000 Million US$ by 2025, from 1250700 Million US$ in 2017, at a CAGR of 7.0% during the forecast period. A number of traditional medical treatments are practised in Vietnam. The Detailed market intelligence report on the Global Traditional Chinese Medicine Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Traditional Chinese Medicine Market place for the forecast 2019– 2025. Meanwhile, in 2015, the medicine consumption per capita was put at US$38. The Herbal Medicine market report has numerous segments clarifying the significance of statistical surveying for the following forthcoming decade (2020-2027). In particular, Vingroup officially entered the domestic medicine market by launching a project with the brand name of Vinfa in early April. 1040587, Sales of Herbal/Traditional Products by Category: Value 2015-2020, Sales of Herbal/Traditional Products by Category: % Value Growth 2015-2020, NBO Company Shares of Herbal/Traditional Products: % Value 2016-2020, LBN Brand Shares of Herbal/Traditional Products: % Value 2017-2020, Forecast Sales of Herbal/Traditional Products by Category: Value 2020-2025, Forecast Sales of Herbal/Traditional Products by Category: % Value Growth 2020-2025, Consumer Expenditure on Health Goods and Medical Services: Value 2015-2020, Sales of Consumer Health by Category: Value 2015-2020, Sales of Consumer Health by Category: % Value Growth 2015-2020, NBO Company Shares of Consumer Health: % Value 2016-2020, LBN Brand Shares of Consumer Health: % Value 2017-2020, Distribution of Consumer Health by Format: % Value 2015-2020, Distribution of Consumer Health by Format and Category: % Value 2020, Forecast Sales of Consumer Health by Category: Value 2020-2025, Forecast Sales of Consumer Health by Category: % Value Growth 2020-2025, Herbal/Traditional Products Sample Report, Herbal/Traditional Products in Azerbaijan, Herbal/Traditional Products in Bosnia and Herzegovina, Herbal/Traditional Products in Bosnia-Herzegovina, Herbal/Traditional Products in Costa Rica, Herbal/Traditional Products in Dominican Republic, Herbal/Traditional Products in Hong Kong, China, Herbal/Traditional Products in Kazakhstan, Herbal/Traditional Products in New Zealand, Herbal/Traditional Products in North Macedonia, Herbal/Traditional Products in Saudi Arabia, Herbal/Traditional Products in South Africa, Herbal/Traditional Products in South Korea, Herbal/Traditional Products in Switzerland, Herbal/Traditional Products in the Czech Republic, Herbal/Traditional Products in the Netherlands, Herbal/Traditional Products in the Philippines, Herbal/Traditional Products in the United Arab Emirates, Herbal/Traditional Products in the United Kingdom, Herbal/Traditional Products in Uzbekistan, Owning Health: The Move Towards Self-care and Implications for Marketers, Boehringer Ingelheim GmbH in Consumer Health, General Nutrition Centers in Consumer Health, General Nutrition Centers Inc in Consumer Health, Glaxosmithkline Plc and Novartis AG in Consumer Health: Prospects for Their New Joint Venture, Herbalife Nutrition Ltd in Consumer Health, Nu Skin Enterprises Inc in Consumer Health, Procter & Gamble Co, The (P&G) in Consumer Health, Procter & Gamble Co, The in Consumer Health, Reckitt Benckiser Plc (RB) in Consumer Health, Taisho Pharmaceutical Co Ltd in Consumer Health, Takeda Pharmaceutical Co Ltd in Consumer Health, Analysis of key supply-side and demand trends, Detailed segmentation of international and local products, Historic volumes and values, company and brand market shares, Five year forecasts of market trends and market growth, Robust and transparent market research methodology, conducted in-country. Meanwhile, in 2015, the medicine consumption per capita was put at US$38. In China, traditional herbal medicine played a prominent role in the strategy to contain and treat severe acute respiratory syndrome (SARS).1 Eighty per cent of African populations use some form of traditional herbal medicine,… The report includes country-wise and region-wise market size for the period 2015-2026. Cooperation with pharmaceutical companies to provide access to affordable essential medicines in developing countries is Target 8E of Millennium Development Goal 8 (United Nations 2008). Traditional herbal medicines are naturally occurring, plant-derived substances with minimal or no industrial processing that have been used to treat illness within local or regional healing practices. Global Herbal Medicine Market size was valued at USD 84.5 billion in 2019 and is anticipated to grow at a CAGR of 20.5% From 2020-2026 In 2020, herbal/traditional products is expected to remain one of the most fragmented consumer health categories, with a strong presence of small domestic players, and no player holding a double-digit value share. Purchase the Herbal/Traditional Products in Vietnam country report as part of our herbal/traditional products market research for November 2020. Herbal and traditional medicines hold around ⅓ of the market share in Malaysia’s health supplements industry. Track key industry trends, opportunities and threats. 87/GP-BTTTT 2.Global Herbal Medicine Market, By Product Type Market 2019-2024 (Volume/Units) 2.1 Medicinal Part Market 2019-2024 (Volume/Units) - Global Industry Research 2.2 Medicine Function Market 2019-2024 (Volume/Units) - Global Industry Research 2.3 Active Ingredient Market 2019-2024 (Volume/Units) - Global Industry Research Crila has been on the market in Vietnam in pill form since 2005 and has been used by 300,000 Vietnamese, said Sue McKinney, a Mendocino-based entrepreneur who is distributing the herbal … VietNamNet Bridge – Traditional herbal medicines of poor quality dominate the domestic market, a drug control agency top official admitted. Organic Herbal Medicine Market and Traditional Chinese Medicine Market 2020 With Increasing Demand Analysis, Current Trend, Suppliers, Scope, … Organic Herbal Medicine Market research report is the new statistical data source added by A2Z Market Research. The study. The global natural medicine market is divided into different segments based on the regions that are covered in the report. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Scope Of The Report: Traditional Korean herbal medicine ingredients at market - Busan, South Korea Marijuana medical choice dilemma health care concept as a person standing in front of two paths with one offering traditional medicine and the other option with cannabis. The global market for all herbal supplements and remedies could reach US$115 billion by 2020, with Europe the largest and the Asia Herbal Medicine Overview. Interested in more insights? Vinfa also aims to preserve and develop traditional medicinal herbs, especially rare ones, in Vietnam. 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