The Europe homeopathy market was valued at US$ 2,346.30 million in 2022 and is expected to reach US$ 6,859.34 million by 2030; it is estimated to grow at a CAGR of 14.4% from 2022 to 2030.
Increasing Demand for Plant-Based Supplements and Launch of Innovative Homeopathic Remedies fuel the Europe Homeopathy Market
Similar to plant-based foods, plant-based dietary supplements have gained huge popularity among consumers, which presents an opportunity for plant-based supplement suppliers in developing countries. According to Google Trends, the popularity of veganism ramped up sevenfold between 2014 and 2019. Consumers are giving up meat for two main reasons: perceived health benefits and ethical & environmental issues. Meat production requires intensive use of resources, especially land and water, as well as operations in meat slaughterhouses and production & processing facilities leading to the release of greenhouse gases. In addition, the COVID-19 pandemic tarnished the image of the meat industry in countries such as Germany, as slaughterhouses were traced back to being the main point of transmission of SARS-CoV-2. The pandemic also shed light on poor working conditions in the meat industry. These factors led to severe effects on the sales of dietary supplements sourced from animals.
The COVID-19 pandemic has also benefited the homeopathic remedies trend as consumers sought to boost their immunity levels by using these preparations. Natural ingredients used in these health products such as the high vitamin C content of baobab help improve and strengthen immune system function. The growing aging population is another factor driving the demand for plant-based dietary supplements; these individuals seek to boost their immune systems and overall health.
In addition to the rising preference for plant-based dietary supplements, growth strategies adopted by companies in the homeopathy market are expected to bring new trends into the market in the future. In April 2022, Dr. Batra's Clinic expanded its footprint in smaller towns and cities, and it is expected to introduce a homeopathy clinic network to 225 centers in the upcoming year. This would improve the accessibility of homeopathy medicines in untapped regions and developing countries. In October 2022, Kaps3 Lifesciences Pvt Ltd launched its "Kaps3 Homeopathy Division." The company launched this product category on World Homeopathy Day.
Europe Homeopathy Market Overview
The Europe homeopathy market is segmented into Russia, Poland, Czech Republic, Hungary, Bulgaria, Romania, U.K., Germany, France, Italy, Spain, and the Rest of Europe. The growth in the region is driven by increasing focus on preventive healthcare, integration with the conventional medicine, an increasing supportive regulatory environment in the region.
Europe Homeopathy Market Revenue and Forecast to 2030 (US$ Million)
Europe Homeopathy Market Segmentation
The Europe homeopathy market is segmented based on source, type, application, distribution channel, and country. Based on sources, the Europe homeopathy market is segmented into plants, animals, and minerals. The plants segment held the largest market share in 2022.
Based on type, the Europe homeopathy market is segmented into dilutions, tinctures, biochemics, ointments, tablets, and others. The dilutions segment held the largest market share in 2022.
Based on application, the Europe homeopathy market is segmented into analgesic and antipyretic, respiratory, neurology, immunology, gastroenterology, dermatology, and others. The immunology segment held the largest market share in 2022.
Based on distribution channel, the Europe homeopathy market is segmented into homeopathic clinics, retail pharmacies, e-retailers, and others. The homeopathic clinics segment held the largest market share in 2022.
Based on country, the Europe homeopathy market is segmented into Russia, Poland, Czech Republic, Hungary, Bulgaria, Romania, the UK, Germany, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe homeopathy market share in 2022.
Fourrts; Boiron; Nelson Pharmacies Limited; Weleda UK; Biologische Heilmittel Heel GmbH; Ainsworths (London) Limited; DHU-Arzneimittel GmbH & Co. KG; Dr Reckeweg & Co GmbH; Similasan Corp; and PEKANA Naturheilmittel GmbH are some of the leading players operating in the Europe homeopathy market.
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Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Europe Homeopathy Market - Key Industry Dynamics
- 4.1 Market Drivers
- 4.1.1 Safety Associated with Homeopathic Products
- 4.1.2 Rise in Adoption of Homeopathic Medicine
- 4.2 Market Restraints
- 4.2.1 Stringent Approach by Regulatory Authorities and Shortage of Homeopathic Facilities & Doctors
- 4.3 Market Opportunities
- 4.3.1 Rising Shift Towards Holistic Healthcare Approaches
- 4.4 Future Trends
- 4.4.1 Increasing Demand for Plant-Based Supplements and Launch of Innovative Homeopathic Remedies
- 4.5 Impact Analysis
5. Homeopathy Market - Europe Market Analysis
- 5.1 Homeopathy Market Revenue (US$ Mn), 2022 - 2030
6. Europe Homeopathy Market - Revenue and Forecast to 2030 - by Source
- 6.1 Overview
- 6.2 Homeopathy Market Revenue Share, by Source 2022 & 2030 (%)
- 6.3 Plants
- 6.3.1 Overview
- 6.3.2 Plants: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 6.4 Animals
- 6.4.1 Overview
- 6.4.2 Animals: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 6.5 Minerals
- 6.5.1 Overview
- 6.5.2 Minerals: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
7. Europe Homeopathy Market - Revenue and Forecast to 2030 - by Type
- 7.1 Overview
- 7.2 Homeopathy Market Revenue Share, by Type 2022 & 2030 (%)
- 7.3 Dilutions
- 7.3.1 Overview
- 7.3.2 Dilutions: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4 Tinctures
- 7.4.1 Overview
- 7.4.2 Tinctures: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 7.5 Biochemics
- 7.5.1 Overview
- 7.5.2 Biochemics: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 7.6 Ointments
- 7.6.1 Overview
- 7.6.2 Ointments: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 7.7 Tablets
- 7.7.1 Overview
- 7.7.2 Tablets: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Homeopathy Market - Revenue and Forecast to 2030 - by Application.
- 8.1 Overview
- 8.2 Homeopathy Market Revenue Share, by Application 2022 & 2030 (%)
- 8.3 Analgesic and Antipyretic
- 8.3.1 Overview
- 8.3.2 Analgesic and Antipyretic: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.4 Respiratory
- 8.4.1 Overview
- 8.4.2 Respiratory: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.5 Neurology
- 8.5.1 Overview
- 8.5.2 Neurology: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.6 Immunology
- 8.6.1 Overview
- 8.6.2 Immunology: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.7 Gastroenterology
- 8.7.1 Overview
- 8.7.2 Gastroenterology: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.7.3 Dermatology
- 8.7.4 Overview
- 8.7.5 Dermatology: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Homeopathy Market - Revenue and Forecast to 2030 - by Distribution Channel
- 9.1 Overview
- 9.2 Homeopathy Market Revenue Share, by Distribution Channel 2022 & 2030 (%)
- 9.3 Homeopathic Clinics
- 9.3.1 Overview
- 9.3.2 Homeopathic Clinics: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 9.4 Retail Pharmacies
- 9.4.1 Overview
- 9.4.2 Retail Pharmacies: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 9.5 e-Retailers
- 9.5.1 Overview
- 9.5.2 e-Retailers: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
10. Europe Homeopathy Market - Revenue and Forecast to 2030 - Country Analysis
- 10.1 Europe: Homeopathy Market
- 10.1.1 Overview
- 10.1.2 Europe: Homeopathy Market, by Country, 2022 & 2030 (%)
- 10.1.2.1 Russia: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.1.1 Overview
- 10.1.2.1.2 Russia: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.1.3 Russia: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.1.4 Russia: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.1.5 Russia: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.1.6 Russia: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.2 Poland: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.2.1 Overview
- 10.1.2.2.2 Poland: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.2.3 Poland: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.2.4 Poland: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.2.5 Poland: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.2.6 Poland: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.3 Czech Republic: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.3.1 Overview
- 10.1.2.3.2 Czech Republic: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.3.3 Czech Republic: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.3.4 Czech Republic: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.3.5 Czech Republic: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.3.6 Czech Republic: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.4 Hungary: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.4.1 Overview
- 10.1.2.4.2 Hungary: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.4.3 Hungary: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.4.4 Hungary: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.4.5 Hungary: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.4.6 Hungary: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.5 Bulgaria: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.5.1 Overview
- 10.1.2.5.2 Bulgaria: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.5.3 Bulgaria: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.5.4 Bulgaria: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.5.5 Bulgaria: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.5.6 Bulgaria: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.6 Romania: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.6.1 Overview
- 10.1.2.6.2 Romania: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.6.3 Romania: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.6.4 Romania: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.6.5 Romania: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.6.6 Romania: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.7 UK: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.7.1 Overview
- 10.1.2.7.2 UK: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.7.3 UK: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.7.4 UK: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.7.5 UK: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.7.6 UK: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.8 Germany: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.8.1 Overview
- 10.1.2.8.2 Germany: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.8.3 Germany: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.8.4 Germany: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.8.5 Germany: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.8.6 Germany: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.9 France: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.9.1 Overview
- 10.1.2.9.2 France: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.9.3 France: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.9.4 France: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.9.5 France: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.9.6 France: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.10 Italy: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.10.1 Overview
- 10.1.2.10.2 Italy: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.10.3 Italy: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.10.4 Italy: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.10.5 Italy: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.10.6 Italy: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.11 Spain: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.11.1 Overview
- 10.1.2.11.2 Spain: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.11.3 Spain: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.11.4 Spain: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.11.5 Spain: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.11.6 Spain: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
- 10.1.2.12 Rest of Europe: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.12.1 Overview
- 10.1.2.12.2 Rest of Europe: Homeopathy Market - Revenue and Forecast to 2030 (US$ Million)
- 10.1.2.12.3 Rest of Europe: Homeopathy Market, by Source, 2020-2030 (US$ Million)
- 10.1.2.12.4 Rest Europe: Homeopathy Market, by Type, 2020-2030 (US$ Million)
- 10.1.2.12.5 Rest of Europe: Homeopathy Market, by Application, 2020-2030 (US$ Million)
- 10.1.2.12.6 Rest of Europe: Homeopathy Market, by Distribution Channel, 2020-2030 (US$ Million)
11. Homeopathy Market-Industry Landscape
- 11.1 Overview
- 11.2 Organic Developments
- 11.3 Inorganic Developments
12. Company Profiles
- 12.1 Fourrts
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Boiron
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Nelson Pharmacies Limited
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Weleda UK
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Biologische Heilmittel Heel GmbH
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Ainsworths (London) Limited
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 DHU-Arzneimittel GmbH & Co. KG
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Dr Reckeweg & Co GmbH
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Similasan Corporation
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 PEKANA Naturheilmittel GmbH
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 Appendix
- 13.2 Appendix
- 13.3 Appendix
- 13.4 Glossary of Terms