Homeopathy (Homeopathic Medicine)

Homeopathy (Homeopathic Medicine) Market Outlook

The global homeopathy market was valued at approximately USD 18 billion in 2023 and is projected to grow at a CAGR of around 12% from 2025 to 2035. The increasing demand for alternative medicine, coupled with the rising awareness regarding the side effects of conventional pharmaceuticals, is driving the growth of the homeopathy market. Additionally, the growing preference for natural, organic, and non-invasive treatment options among consumers contributes to the market expansion, as more people are turning to homeopathic remedies to address various health conditions. Furthermore, supportive government policies and an increase in research and development activities in the field of homeopathy augment the market's prospects. The promotion of homeopathic practices and education in emerging economies adds more opportunities for market growth.

Growth Factor of the Market

One of the primary growth factors for the homeopathy market is the increasing consumer shift towards holistic and natural treatment modalities. As more individuals become aware of the potential adverse effects associated with conventional medicines, they are actively seeking safer alternatives, making homeopathic remedies more appealing. The rise in chronic diseases, including asthma, diabetes, and arthritis, necessitates effective management solutions, and homeopathy offers a viable option due to its personalized approach. Additionally, the expansion of e-commerce platforms and online pharmacies has made homeopathic products more accessible, catering to the convenience-seeking consumer. Growing disposable incomes in developing regions are allowing more individuals to invest in homeopathic treatments, further energizing market dynamics. Lastly, ongoing research efforts and clinical trials affirming the efficacy of homeopathic treatments are expected to bolster public confidence and market growth.

Key Highlights of the Market

• The global homeopathy market is projected to witness substantial growth, with an anticipated CAGR of 12% between 2025 and 2035.
• Increasing public awareness regarding the benefits of homeopathic medicine is driving market demand.
• The homeopathic product segment consisting of tinctures and pellets is expected to dominate the market.
• Online retailing is emerging as a significant distribution channel, enhancing product accessibility.
• North America holds the largest share of the homeopathy market, driven by high healthcare spending and regulatory support.

By Product Type

Tinctures:

Tinctures represent a significant segment of the homeopathy market, primarily due to their effectiveness and versatility in treating various ailments. These liquid extracts are typically made from dissolving plant materials in alcohol or another solvent, which helps in preserving their medicinal properties. The growing consumer preference for liquid forms of medication, which are often perceived as easier to consume compared to solid forms, is boosting the demand for tinctures. Additionally, tinctures allow for precise dosing, which is essential in homeopathic treatments, making them a popular choice among practitioners and patients alike.

Tablets:

Tablets are another major product type in the homeopathy market, known for their convenience and ease of use. They are particularly favored by patients who prefer a discrete and portable option for their medication. The tablet formulation often ensures longer shelf life and stability, which adds to their appeal. The growing trend towards preventive healthcare is also driving the demand for homeopathic tablets, as patients seek to manage their health proactively. Moreover, advancements in tablet manufacturing processes have resulted in enhanced bioavailability and efficacy, further solidifying their position in the market.

Dilutions:

Dilutions are foundational to homeopathy and represent a critical product type, as they are used in many homeopathic remedies. This process involves systematically diluting a substance, often to the point where no molecules of the original substance remain, which aligns with the homeopathic principle of "like cures like." The increasing interest in personalized medicine is favoring dilutions, as practitioners can tailor treatments to individual patient needs. Moreover, the availability of various dilution strengths allows for greater specificity in treatment plans, catering to a diverse range of health conditions.

Ointments:

Ointments in the homeopathy market are gaining traction, particularly for topical applications in treating skin conditions and injuries. These preparations are formulated to provide localized relief and are often preferred for their ease of application and direct action on affected areas. The growing incidence of skin ailments and the rising consumer inclination towards natural remedies for skin care are propelling the demand for homeopathic ointments. Additionally, many ointments are formulated with a blend of homeopathic ingredients that offer synergistic effects, enhancing their therapeutic benefits.

Pellets:

Pellets represent a unique and innovative product type within the homeopathy sector, characterized by their small, round shape that allows for convenient sublingual administration. They are often coated with homeopathic remedies and dissolve quickly in the mouth, providing fast relief without the need for water. Pellets are particularly appealing to children and those who may have difficulty swallowing tablets, which significantly broadens their market appeal. The growing emphasis on patient-centered care in the healthcare industry is likely to further enhance the acceptance and use of pellets as a preferred homeopathic delivery form.

By Application

Chronic Diseases:

The application of homeopathy in treating chronic diseases is one of the most prominent segments within the market. Homeopathic remedies are increasingly being utilized to manage long-term health conditions such as diabetes, hypertension, and arthritis, due to their individualized approach. These remedies aim at addressing underlying causes rather than merely alleviating symptoms, allowing for better disease management over time. The rise in chronic diseases, coupled with the growing patient preference for natural treatment options, reinforces the significance of this segment in the overall homeopathy market.

Acute Illnesses:

Homeopathy is also recognized for its efficacy in treating acute illnesses, such as colds, flu, and minor injuries. The ability of homeopathic remedies to provide rapid symptom relief while minimizing side effects makes them a popular choice among patients seeking quick recovery. The accessibility of homeopathic treatments for acute conditions, often available over-the-counter, contributes to their growing use in both urban and rural settings. As awareness about preventive healthcare continues to rise, homeopathy’s role in treating acute illnesses is expected to expand further.

Mental Health Conditions:

The application of homeopathy in addressing mental health conditions is gaining increased recognition, particularly in the management of anxiety, depression, and stress-related disorders. Homeopathic remedies are thought to promote emotional balance and well-being, making them a valuable option for individuals seeking alternatives to traditional psychiatric medications. The stigma surrounding mental health issues is gradually diminishing, leading to a growing acceptance of holistic approaches like homeopathy. Consequently, this area is witnessing significant market growth as more people seek comprehensive solutions for their mental health needs.

Pediatrics:

Homeopathic treatments are becoming increasingly popular in pediatric care, with many parents opting for gentler and more natural alternatives for their children. Homeopathy is viewed as a safe method for treating a wide range of conditions in children, from common colds and allergies to more complex behavioral issues. The non-invasive nature of homeopathic remedies, along with their lower risk of side effects, appeals to parents who are cautious about conventional pharmaceuticals. As a result, the pediatric application of homeopathy is expected to continue growing as more parents turn to these remedies for their children’s health care.

Women's Health:

The focus on women’s health issues, including hormonal imbalances, menstrual disorders, and pregnancy-related concerns, is carving out a niche for homeopathy within this application segment. Homeopathic remedies are frequently sought for their potential to address specific female health issues without the harsh side effects often associated with conventional treatments. The empowerment of women to take charge of their health and wellness, as well as the increasing emphasis on natural, holistic care, is driving the demand for homeopathic solutions in this segment. Consequently, homeopathy is becoming an essential component of women’s health care strategies.

By Distribution Channel

Pharmacies:

Pharmacies remain one of the primary distribution channels for homeopathic products, enabling easy access for consumers seeking remedies for various health conditions. Traditional brick-and-mortar pharmacies often carry a variety of homeopathic products, catering to local demand. The presence of trained pharmacists who can provide guidance on homeopathic remedies enhances the shopping experience, ensuring customers find suitable products. As the credibility of homeopathic medicine continues to gain popularity, pharmacies are likely to expand their offerings, further solidifying their role in the distribution of homeopathic products.

Online Retailers:

The online retail channel is rapidly emerging as a significant force in the homeopathy market, providing consumers with unparalleled convenience and a wider selection of products. E-commerce platforms enable consumers to browse extensive inventories of homeopathic remedies, read reviews, and compare prices from the comfort of their homes. The ongoing digital transformation and the rise of mobile shopping are reshaping consumer behavior, leading to an increase in online purchases of homeopathic products. Moreover, the ability to access specialized homeopathic brands online enhances competition and fosters innovation within the market.

Specialty Stores:

Specialty stores dedicated to natural and holistic health products cater specifically to consumers interested in homeopathic medicine. These stores often offer a curated selection of homeopathic remedies and health supplements, providing informed staff who can assist consumers in selecting the most appropriate products. The growing trend towards wellness and natural health solutions is leading to the establishment of more specialty stores, contributing to the market's growth. As consumers increasingly prioritize health and well-being, specialty stores will likely continue to play a vital role in the distribution of homeopathic products.

Hospitals & Clinics:

Hospitals and clinics are increasingly integrating homeopathy into their treatment offerings, recognizing its potential to complement conventional medical practices. Many healthcare providers are acknowledging the advantages of combining homeopathy with traditional treatments, particularly for chronic diseases. The presence of trained homeopathic practitioners in hospitals enhances patient access to holistic care, allowing for a more comprehensive approach to health. As the acceptance of homeopathy within conventional medical settings grows, this distribution channel is expected to expand, promoting a more integrated healthcare approach.

Direct Sales:

Direct sales channels, including homeopathic practitioners selling products directly to their patients, have become increasingly popular. This personalized approach allows practitioners to recommend specific remedies based on individual patient assessments, fostering a deeper patient-practitioner relationship. Direct sales enable practitioners to educate their patients about homeopathy, its principles, and the benefits of specific products, thus enhancing the overall customer experience. As practitioners continue to advocate for homeopathic treatments, direct sales channels are expected to grow, contributing to market expansion.

By Ingredient Type

Arnica Montana:

Arnica Montana is one of the most widely used ingredients in homeopathy, particularly known for its efficacy in treating bruises, sprains, and muscle soreness. This herb has garnered attention for its anti-inflammatory properties, making it a favored choice among athletes and active individuals seeking natural relief from injuries. The increasing preference for natural remedies in pain management and rehabilitation is expected to drive the demand for Arnica Montana-based products. As awareness regarding the benefits of this ingredient continues to grow, its market presence is likely to expand significantly.

Bryonia Alba:

Bryonia Alba is another essential ingredient in homeopathic medicine, primarily used to alleviate symptoms associated with respiratory conditions, such as cough and bronchitis. This ingredient is known for its ability to promote expectoration and relieve chest congestion, making it a popular choice among homeopathic practitioners. As respiratory ailments become increasingly prevalent, especially in urban areas, the demand for Bryonia Alba is expected to rise. Additionally, the growing trend of using homeopathic remedies for seasonal allergies and respiratory discomfort further supports the market potential for this ingredient.

Nux Vomica:

Nux Vomica is widely recognized in homeopathy for its use in addressing digestive issues and ailments related to overindulgence, such as nausea and hangovers. This ingredient is derived from the seeds of the Strychnos Nux-Vomica tree and is known for its ability to stimulate digestive functions and detoxification. The increasing prevalence of lifestyle-related digestive disorders is likely to enhance the demand for Nux Vomica in homeopathic formulations. As consumers seek natural solutions for gastrointestinal discomfort, the market for products containing this ingredient is expected to grow.

Belladonna:

Belladonna is a potent ingredient in homeopathy, often used for its antispasmodic and analgesic properties. It is commonly indicated for conditions involving fever, pain, and spasms, making it a valuable component in homeopathic remedies aimed at providing relief from acute symptoms. The growing awareness and acceptance of Belladonna in homeopathic treatments have led to an increase in its utilization among practitioners. As the demand for effective and natural pain management solutions continues to rise, the market for Belladonna-based products is anticipated to expand.

Sulphur:

Sulphur is another critical ingredient in homeopathy, known for its detoxifying and purifying properties. It is often used in treatments targeted at skin conditions, allergies, and inflammatory disorders. The rising awareness of the importance of detoxification in maintaining overall health is boosting the demand for homeopathic remedies containing Sulphur. Additionally, as consumers become more health-conscious and interested in organic solutions, the appeal of Sulphur-based products in the homeopathic market is likely to grow significantly.

By Region

The regional analysis of the homeopathy market reveals significant disparities in market share and growth potential across various regions. North America currently holds the largest share, accounting for approximately 35% of the global homeopathy market, driven by high healthcare expenditure, increasing demand for alternative therapies, and a well-established regulatory framework supporting homeopathic practices. The market in North America is projected to grow at a CAGR of around 10% from 2025 to 2035, driven by the rising acceptance of holistic healthcare and the increasing integration of homeopathic treatments within conventional medical settings.

In Europe, the homeopathy market holds a substantial share, representing around 30% of the global market. The region has a long-standing tradition of using homeopathic medicine, with a large number of practitioners and a strong consumer base advocating for alternative therapies. The increasing trend towards preventive healthcare and the rising awareness of the benefits of homeopathy are expected to propel market growth in Europe. Additionally, emerging markets in Asia Pacific are also showing promising growth, accounting for a combined share of approximately 25%, as awareness and acceptance of homeopathy expand alongside growing disposable incomes and access to healthcare.

Opportunities

The homeopathy market is poised for significant opportunities driven by the increasing global emphasis on holistic wellness and preventive healthcare. As consumers become more conscious of the potential side effects associated with conventional pharmaceuticals, the demand for natural and organic alternatives is expected to rise. This shift in consumer preference presents an opportunity for homeopathy to capture a larger segment of the healthcare market. Furthermore, the ongoing advancements in research and development, with a focus on evidence-based approaches to homeopathy, can bolster public confidence and enhance the credibility of homeopathic remedies. Additionally, the integration of digital health solutions, such as telemedicine and online consultation platforms, can facilitate patient access to homeopathic treatments, expanding market reach and driving growth.

Moreover, the growing trend of personalized medicine offers an exciting opportunity for homeopathy to tailor treatments according to individual patient needs. This personalized approach can enhance patient satisfaction and treatment efficacy, leading to greater acceptance of homeopathic practices across diverse demographics. The rise of e-commerce and digital retailing has also opened new avenues for market expansion, allowing homeopathic products to reach a broader consumer base. As more individuals seek out convenient and accessible treatment options, leveraging these opportunities can significantly propel the growth of the homeopathy market in the coming years.

Threats

The homeopathy market faces several threats that could hinder its growth potential. One of the primary challenges is the ongoing skepticism surrounding the efficacy of homeopathic treatments, particularly from segments of the medical community that advocate for evidence-based medicine. This skepticism can limit the acceptance and integration of homeopathy within conventional healthcare practices, leading to potential regulatory hurdles and restrictions on marketing and sales. Additionally, the proliferation of counterfeit and low-quality homeopathic products in the market poses a significant threat to consumer trust and brand credibility, potentially damaging the reputation of homeopathy as a whole.

Moreover, regulatory challenges in various regions regarding the production, labeling, and distribution of homeopathic products can create barriers for manufacturers and practitioners. Ensuring compliance with stringent regulations can be costly and time-consuming, particularly for smaller homeopathic companies. Furthermore, the increasing competition from other forms of alternative medicine, such as herbal medicine and acupuncture, may divert consumer interest away from homeopathy. Addressing these threats will require concerted efforts from stakeholders to promote the benefits of homeopathy while ensuring quality, safety, and efficacy in the market.

Competitor Outlook

• Boiron
• Hahnemann Laboratories
• Hyland's Homeopathic
• Schwabe Pharmaceuticals
• Heel GmbH
• Natural Health Supply
• Wala Heilmittel GmbH
• Dr. Reckeweg & Co.
• A Nelson & Co. Ltd.
• CHC Group
• Similia Homeopathy
• Homeopathy Shop
• Hahnemann Labs
• Herbalife Ltd.
• Reckeweg & Co.

The competitive landscape of the homeopathy market is characterized by a combination of well-established companies and emerging players vying for market share. Boiron, a leader in the homeopathic sector, is known for its extensive range of products and commitment to high-quality standards. The company's strong brand recognition and global reach position it as a formidable competitor. Similarly, Hyland's Homeopathic has a long-standing reputation in the market and continues to innovate with new formulations that meet consumer demands. These companies have invested significantly in marketing and product development, leading to a diverse portfolio that appeals to various customer segments.

Schwabe Pharmaceuticals and Heel GmbH are also recognized as key players, known for their robust distribution networks and emphasis on research and development. These companies have established themselves through collaborations with healthcare professionals and educational initiatives that promote homeopathy. As the industry evolves, these companies are likely to focus on expanding their product offerings and strengthening their market presence through strategic partnerships and acquisitions. The increasing consumer demand for homeopathic products necessitates continuous innovation, prompting competitors to adapt to changing market dynamics and consumer preferences.

In addition to established players, emerging companies are entering the homeopathy market, creating a more competitive landscape. These new entrants often focus on niche segments and specialty products, leveraging the growing consumer interest in holistic health. With the rise of e-commerce, many smaller companies are capitalizing on online platforms to reach customers directly, thereby increasing competition for traditional retailers. To thrive in this dynamic market, both established and emerging companies must prioritize quality, transparency, and customer engagement while navigating the challenges posed by regulatory scrutiny and market skepticism.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Boiron
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 CHC Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Heel GmbH
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Hahnemann Labs
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Herbalife Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Reckeweg & Co.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Homeopathy Shop
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Dr. Reckeweg & Co.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Similia Homeopathy
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 A Nelson & Co. Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hyland's Homeopathic
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Wala Heilmittel GmbH
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Natural Health Supply
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Hahnemann Laboratories
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Schwabe Pharmaceuticals
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Homeopathy (Homeopathic Medicine) Market, By Application
    • 6.1.1 Chronic Diseases
    • 6.1.2 Acute Illnesses
    • 6.1.3 Mental Health Conditions
    • 6.1.4 Pediatrics
    • 6.1.5 Women's Health
  • 6.2 Homeopathy (Homeopathic Medicine) Market, By Product Type
    • 6.2.1 Tinctures
    • 6.2.2 Tablets
    • 6.2.3 Dilutions
    • 6.2.4 Ointments
    • 6.2.5 Pellets
  • 6.3 Homeopathy (Homeopathic Medicine) Market, By Ingredient Type
    • 6.3.1 Arnica Montana
    • 6.3.2 Bryonia alba
    • 6.3.3 Nux Vomica
    • 6.3.4 Belladonna
    • 6.3.5 Sulphur
  • 6.4 Homeopathy (Homeopathic Medicine) Market, By Distribution Channel
    • 6.4.1 Pharmacies
    • 6.4.2 Online Retailers
    • 6.4.3 Specialty Stores
    • 6.4.4 Hospitals & Clinics
    • 6.4.5 Direct Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Homeopathy (Homeopathic Medicine) Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Homeopathy (Homeopathic Medicine) market is categorized based on

By Product Type

• Tinctures
• Tablets
• Dilutions
• Ointments
• Pellets

By Application

• Chronic Diseases
• Acute Illnesses
• Mental Health Conditions
• Pediatrics
• Women's Health

By Distribution Channel

• Pharmacies
• Online Retailers
• Specialty Stores
• Hospitals & Clinics
• Direct Sales

By Ingredient Type

• Arnica Montana
• Bryonia alba
• Nux Vomica
• Belladonna
• Sulphur

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Boiron
• Hahnemann Laboratories
• Hyland's Homeopathic
• Schwabe Pharmaceuticals
• Heel GmbH
• Natural Health Supply
• Wala Heilmittel GmbH
• Dr. Reckeweg & Co.
• A Nelson & Co. Ltd.
• CHC Group
• Similia Homeopathy
• Homeopathy Shop
• Hahnemann Labs
• Herbalife Ltd.
• Reckeweg & Co.