2020-2027 Analysis and Review Hypericum Perforatum Market

Hypericum Perforatum Market

Hypericum Perforatum Market By Application (Nutraceutical, Pharmaceutical and Others), By Distribution Channel (Supermarket, Retail Stores and E-commerce) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

01-03-2020 REP-HC-5043 40 Tables 116 pages Format

The hypericum perforatum market was valued at USD427.5Mn by 2019. According to the latest research citings provided by the World Health Organization (WHO), in 2018, approximately 9.6 million people throughout the globe died due to cancer. Rising public health awareness pertaining to the beneficial use of herbal drugs in the treatment of cancer and increasing research and development activities in drug development of hypericum perforatum further accentuates its market growth.

It is understood that the genus Hypericum consists of more than 500 species but the most popular is St. John’s wort also known as hypericum perforatum. It is very widely used as a medicinal agent and is vividly studied in the clinical trials for its therapeutic efficacy in the treatment of cancer, depression, viral infection, etc.

The major segments related to the hypericum perforatum market are:

By Application (2017–2027; US$ Mn)

Nutraceutical

Pharmaceutical

Others

By Distribution Channel (2017–2027; US$ Mn)

Supermarket

Retail Stores

E-commerce

Geography Segment(2017–2027; US$ Mn)

North America

United States
Canada

Europe

United Kingdom
Germany
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global hypericum perforatum market
  • The overall segmentation of the hypericum perforatum market, by application, distribution channel, and geography is minutely studied. Pharmaceutical and supermarket are dominating the application and distribution channel segments respectively
  • Clinical application of hypericum perforatum as a photosensitizing agent, antiviral drug and psychotropic drug primarily determines its market growth
  • Increasing demand for alternative medication further propels the hypericum perforatum market growth

Report gist?

  • The study of the global hypericum perforatum market includes qualitative analysis of factors such as drivers, restraints and opportunities
  • The report covers qualitative and quantitative analysis of the overall market segmented on the basis of application and distribution channel and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. Compounded annual growth rate is calculated for the respective segments from 2020 to 2027
  • The study includes the profiles of major market players with a significant global and regional presence along with top company positioning

Significant customers?

  • This study is suitable for industry participants and stakeholders in the pharmaceutical and nutraceutical companies engaged in manufacturing and marketing of hypericum perforatum which is gaining huge demand owing to increasing demand for alternative medication for the treatment of viral infections, skin, and mental disease
  • The report will benefit scientist engaged in the preparation of drug formulation containing hypericum perforatum as an API
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to hypericum perforatum market
  • Financial institutions venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies

Segment Analysis

Pharmaceutical is leading the application segment for hypericum perforatum market. The chemical moiety hypericin present in the herbal drug is used as an active pharmaceutical ingredient by the manufacturers as a nontoxic photosensitizing drug to facilitate tumor cell death via apoptosis, shrinkage of tumor cell vasculature and activation of immune systems against the tumor cells. Nutraceutical application is set to register rampant market growth owing to its therapeutic efficacy for the treatment of depression and neural pain associated with multiple sclerosis. It is usually available as tea bags, extract, juices, powders, and oleums at nutraceutical shops.

The supermarket is spearheading the distribution channel segment for hypericum perforatum market. The major attributes which are responsible for its market dominance are the availability of different formulation of hypericum perforatum herbal drug as a crude extract, refined powder or oil, etc. at affordable prices. E-commerce is set to showcase magnificent market growth in the near future on account of the constant rise in the number of consumers using digital platforms via smartphones for the purchase of herbal and allopathic medicines. Capacity to reach a large customer base awarding attractive coupons and gift vouchers for the purchase of medicinal items will further propel its market growth.

North America is currently dominating the geography segment for hypericum perforatum market. The major contributing factor that increases the demand for hypericum perforatum as a medicinal agent is the rising prevalence of chronic diseases such as cancer, skin, and mental disorders in the region. As per the latest statistics provided by the Center for Disease Control and Prevention (CDC) approximately 133 million Americans are suffering from chronic disease. Furthermore increasing demand for herbal medicines owing to its fewer side effects further accentuates the hypericum perforatum market growth in the region. Europe is in the 2nd place in the regional segment for hypericum perforatum market. The strategic collaboration between pharmaceutical companies and academic research institutes to develop drug formulation containing hypericum perforatum as an active pharmaceutical ingredient. Additionally increasing demand for photodynamic therapy for the treatment of skin cancer further increases the demand for hypericum perforatum as a medicinal drug in the region. Asia Pacific is set to register sturdy market growth in the region on account of the presence of a well-established herbal drugs market in the region. Constant rise in the use of hypericum perforatum is an antidepressant to treat mental disorders.

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