GMO-free Cosmetic & Personal Care Ingredient Market Scope
Herbal medicine involves the medicinal use of plants to treat disease and enhance general health and well-being. Products made from botanicals or plants that are used to treat diseases or to maintain health are called herbal products, botanical products, or phyto medicines. Herbal medicine come in all forms such as dried, chopped, powdered, capsule, or liquid. Plants and herbs extract vary in the solvent used for extraction, temperature, and extraction time, and include alcoholic extracts (Tinctures), vinegar (acetic acid extracts), hot water extract(tines), long-term boiled extract, usually roots or bark(decoctions) and cold infusions of plants(macerates). In Herbal medicines, there is no standardization, and components of an herbal extract. Traditional medicines are that is a more affordable factor that is driving the market regulation of the production and marketing of herbal supplements and medicines that require attention.
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|Key Companies Profiled||Gaia Herbs (United States), Weleda (Switzerland), iHerb, LLC(United States), TSUMURA & CO (Japan), Zoic Pharmaceuticals (India), Dr. Willmar Schwabe GmbH & Co. KG (Germany), Arizona Natural (United States), Nature’s Bounty (United States), Rottapharm | Madaus GmbH (Germany), NUTRAMARKS, INC. (United States) and Herbal Africa (South Africa)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for herbal medicines and traditional medicine. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global GMO-free Cosmetic & Personal Care Ingredient market throughout the predicted period.
Gaia Herbs (United States), Weleda (Switzerland), iHerb, LLC(United States), TSUMURA & CO (Japan), Zoic Pharmaceuticals (India), Dr. Willmar Schwabe GmbH & Co. KG (Germany), Arizona Natural (United States), Nature’s Bounty (United States), Rottapharm | Madaus GmbH (Germany), NUTRAMARKS, INC. (United States) and Herbal Africa (South Africa) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bio-Botanica (United States), Blackmores Limited (Australia), Sido Muncul (Indonesia), Krewel Meuselbach GmbH (Germany), ARKOPHARMA Laboratories, Company Limited (France), Phytoneering Extract Solutions (Germany), Dabur India Ltd (India), Tong Ren Tang (China) and Nature Herbs (Malaysia).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global GMO-free Cosmetic & Personal Care Ingredient market by Type , by Application (Pharmacy, Drug Store, Modern Trade, Online and Other OTC Format) and Region with country level break-up.
On the basis of geography, the market of GMO-free Cosmetic & Personal Care Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn December 2021, Arizona Natural Resources acquired the consumer products company Healthspecialty. Healthspecialty is a full-service contract manufacturer of skin, body, and hair care products with a focus on premium skincare application
In September 2021, Gingko bio works have launched a new venture named Ayanabio which is producing plant and fungal bioactivities for herbal medicines
Influencing Trend:Growing demand for herbal medicinal products and supplements across the globe
Market Growth Drivers:Traditional medicines are that is more affordable
Challenges:Herbal medicine has a side effect
Restraints:Herbal medicine is not tightly regulated
Opportunities:Increase the popularity of herbal medicine and its traditional way of preparation
Key Target AudiencePharma Manufacturers, Suppliers, Governments regulatory, Industry Experts, End Users and Others