The herbal medicine market - France

Phytotherapy uses exclusively plant-based products obtained by extraction, generally diluted in alcohol or another solvent. Phytotherapy products may be available in various forms:

Whole or divided plants; Various galenic forms (syrups, drops, tablets, capsules, sachets, ampoules).

Most phytotherapy products are marketed as dietary supplements or medicines . This study therefore focuses on medicinal plants, on which the entire industry is based, and on the various formats of phytotherapy products (mainly dietary supplements). This study excludes details on essential oils (aromatherapy), for which a dedicated study is available in our catalog. Phytotherapy offers a number of major advantages: it is undoubtedly less toxic than drugs, and plant-based treatments accounted for less than 1% of reports of adverse reactions in 2015, all types of treatment combined. As a result, the French herbal medicine market "proper" is booming: estimated at 778.4 million euros in 2022, it has grown by 10% since 2017, and should continue to grow at a CAGR of 5% until 2025[OpenHealth]. The aromatherapy and gemmotherapy markets are estimated at 248 million euros in 2022 and 3.4 million euros in 2021 respectively[FranceAgriMer]. Similarly, theglobal herbal medicine market is estimated at$160.2 billion in 2022 , and should continue to grow at aCAGR of 10.9% over the period 2023-2030, reaching $367.9 billion in 2030. europe largely dominates this market, with a high R&D budget particularly dedicated to it. [Market Research Future] Indeed, in a global context of a return to natural, wellness, organic and healthier practices, phytotherapy is experiencing a certain craze. What's more, this growth has been driven by the advent of the Covid-19 epidemic, as people seek chemical-free plants to boost their immunity . The challenge now is to better inform the public about natural treatments and their effectiveness, of which herbal medicine is one. Indeed, according to a study conducted by Ipsos in 2019, 38% of French people consider themselves ill-informed, and 32% doubt their effectiveness.