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Global Horehound Market: By Nature: Organic, Conventional; By Form: Liquid, Powder; By Application: Flavouring Agent, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2016-2026); 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 2021-2026.
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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.
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Horehound: Industry Definition and 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.
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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 industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Horehound Market Analysis
8.1 Key Industry Highlights
8.2 Global Horehound Historical Market (2016-2020)
8.3 Global Horehound Market Forecast (2021-2026)
8.4 Global Horehound Market by Nature
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Horehound Market by Form
8.5.1 Liquid
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Powder
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Horehound Market by Application
8.6.1 Flavouring Agent
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Pharmaceuticals
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Others
8.7 Global Horehound Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Ricola Group AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 The Great American Spice Co.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Bickford Flavors
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Mountain Rose Herbs
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Herb Pharm, LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Horehound Market: Key Industry Highlights, 2016 and 2026
2. Global Horehound Historical Market: Breakup by Nature (USD Million), 2016-2020
3. Global Horehound Market Forecast: Breakup by Nature (USD Million), 2021-2026
4. Global Horehound Historical Market: Breakup by Form (USD Million), 2016-2020
5. Global Horehound Market Forecast: Breakup by Form (USD Million), 2021-2026
6. Global Horehound Historical Market: Breakup by Application (USD Million), 2016-2020
7. Global Horehound Market Forecast: Breakup by Application (USD Million), 2021-2026
8. Global Horehound Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
9. Global Horehound Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
10. Global Horehound Historical Market: Breakup by Region (USD Million), 2016-2020
11. Global Horehound Market Forecast: Breakup by Region (USD Million), 2021-2026
12. North America Horehound Historical Market: Breakup by Country (USD Million), 2016-2020
13. North America Horehound Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Europe Horehound Historical Market: Breakup by Country (USD Million), 2016-2020
15. Europe Horehound Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Asia Pacific Horehound Historical Market: Breakup by Country (USD Million), 2016-2020
17. Asia Pacific Horehound Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Latin America Horehound Historical Market: Breakup by Country (USD Million), 2016-2020
19. Latin America Horehound Market Forecast: Breakup by Country (USD Million), 2021-2026
20. Middle East and Africa Horehound Historical Market: Breakup by Country (USD Million), 2016-2020
21. Middle East and Africa Horehound Market Forecast: Breakup by Country (USD Million), 2021-2026
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 2021-2026, 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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