Global Horehound Market: By Nature: Organic, Conventional; By Form: Liquid, Powder; By Application: Flavouring Agent, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Horehound Market Outlook

The global horehound market is being driven by the horehound supplements market, which is expected to grow at a CAGR of 6.8% in the forecast period of 2023-2028.

 

Horehound Market

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Thriving Pharmaceutical Industry in the Asia Pacific to Boost the Demand for Horehound

The Asia Pacific is expected to significantly contribute to the industry growth over the forecast period owing to the growing pharmaceutical sector in the region. India and China are the leading regions in the global pharmaceutical industry. Further, the prevalence of Ayurveda in India and its expanding reach across the globe is expected to drive the demand for horehound. Other factors like the easy availability of the product and growing consumer demand for herbal dietary supplements are also aiding the regional industry growth. Meanwhile, the growing shift towards herbal and plant-based products in developed regions like Europe and North America is expected to provide enhanced opportunities for the market expansion in the coming years.

 

Horehound Market by Application

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Horehound: Market Segmentation

Horehound, a perennial, aromatic herb of the mint family, is native to Europe and Asia and has been naturalised to other areas, including the United States. The plant is known for its medicinal properties and is widely used in the treatment of bronchitis, cough, motion sickness, and digestive problems, among others. Horehound has long been used in home remedies, where the leaves and flower tops of the plant are used to prepare bitter tonic to treat the common cold. The horehound's expectorant property makes it suitable for use in cough lozenges, syrups, and cold preparations. It is also being utilised as a flavouring agent in candies and beverages owing to its intense taste and flavour.

Based on nature, the market is bifurcated into:

  • Organic
  • Conventional

The various forms of the product available in the market include:

  • Liquid
  • Powder

Based on application, the industry can be categorised into:

  • Flavouring Agent
  • Pharmaceuticals
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Horehound Market by Region

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Rising Demand for Plant Based and Botanical Products to Bolster the Growth of the Horehound Industry

The rising health awareness among consumers is resulting in the increased demand for natural products as they do not have any adverse effects on health, unlike synthetic products, which may cause various side effects. The growing consumer inclination towards herbal and organic supplements, coupled with the significant developments in nutraceutical industry, is propelling the growth of the horehound industry globally. Besides treating cough and bronchitis, the herb is also being used as an aid to relieve digestive problems and to stimulate the appetite. This is further supported by the increasing prevalence of obesity, digestive disorders, and other lifestyle-related diseases across the globe. Moreover, the growing use of horehound as a flavouring agent in the food and beverage industry is creating new market opportunities for the product. Over the forecast period, the growing R&D activities around horehound and advancements in the food and beverage industry is expected to have a positive effect on the expansion of the market.

 

Key Industry Players in the Global Horehound Market

The report gives a detailed analysis of the following key players in the global horehound market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Ricola Group AG
  • The Great American Spice Co.
  • Bickford Flavors
  • Mountain Rose Herbs
  • Herb Pharm, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Form, Application, Region
Breakup by Nature Organic, Conventional
Breakup by Form Liquid, Powder
Breakup by Application Flavouring Agent, Pharmaceuticals, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Ricola Group AG, The Great American Spice Co., Bickford Flavors, Mountain Rose Herbs, Herb Pharm, LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Horehound Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Horehound Historical Market (2018-2022) 
    8.3    Global Horehound Market Forecast (2023-2028)
    8.4    Global Horehound Market by Nature
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Horehound Market by Form
        8.5.1    Liquid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Powder
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Horehound Market by Application
        8.6.1    Flavouring Agent
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Pharmaceuticals
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others 
    8.7    Global Horehound Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Horehound Market Analysis
    9.1    United States of America
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022)
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022)
        9.2.3    Forecast Trend (2023-2028)
10    Europe Horehound Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022)
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022)
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022)
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022)
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Horehound Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022)
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022)
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022)
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022)
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022)
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Horehound Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022)
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022)
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022)
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Horehound Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022)
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022)
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022)
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022)
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Ricola Group AG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    The Great American Spice Co.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Bickford Flavors
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Mountain Rose Herbs
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Herb Pharm, LLC
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Horehound Market: Key Industry Highlights, 2018 and 2028
2.    Global Horehound Historical Market: Breakup by Nature (USD Million), 2018-2022
3.    Global Horehound Market Forecast: Breakup by Nature (USD Million), 2023-2028
4.    Global Horehound Historical Market: Breakup by Form (USD Million), 2018-2022
5.    Global Horehound Market Forecast: Breakup by Form (USD Million), 2023-2028
6.    Global Horehound Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global Horehound Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global Horehound Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9.    Global Horehound Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10.    Global Horehound Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Horehound Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Horehound Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Horehound Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Horehound Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Horehound Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Horehound Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Horehound Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Horehound Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Horehound Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Horehound Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Horehound Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Horehound Market Structure

Key Questions Answered in the Report

The global horehound market is being aided by the rising horehound supplements market, which is projected to grow at a CAGR of 6.8% between 2021 and 2026.

The major drivers of the industry, such as the growing demand for plant-based products, increasing health awareness, rising demand from the developed regions, increasing prevalence of lifestyle-related disorders, rise in sales of herbal dietary supplements, and thriving pharmaceutical industry, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the increasing applications of horehound in the food and beverage industry and growing R&D activities around the product.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading nature types of horehound in the market are organic and conventional.

The major forms of horehound in the industry are liquid and powder.

The significant application segments in the market are flavouring agent and pharmaceuticals, among others.

The major players in the industry are Ricola Group AG, The Great American Spice Co., Bickford Flavors, Mountain Rose Herbs, and Herb Pharm, LLC, among others.

Analyst Review

The global horehound market is being driven by the rising demand for plant-based products. Aided by the growing R&D activities, the horehound supplements market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.8%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is divided into organic and conventional. Based on form, the market is bifurcated into liquid and powder. On the basis of application, the industry is segmented into flavouring agent and pharmaceuticals, among others. The major regional markets for horehound are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ricola Group AG, The Great American Spice Co., Bickford Flavors, Mountain Rose Herbs, and Herb Pharm, LLC, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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