The global herbal supplements market size accounted for USD 93,888 million in 2024 and is expected to exceed around USD 1,97,137 million by 2034, growing at a CAGR of 7.7% from 2024 to 2034.
The market is experiencing rapid growth due to the rising consumer shift toward natural and organic products. Consumers are becoming more aware of the health benefits associated with herbal ingredients such as ginger, turmeric, moringa, and echinacea. These ingredients improve immunity, control blood sugar levels, treat inflammation and skin health, and are also known for their anti-cancer properties. Many individuals are preferring herbal supplements due to their rising health consciousness, contributing to market growth.
With the rising sedentary lifestyles, there is significant growth in the number of instances of obesity, diabetes, and cardiovascular diseases (CVDs), encouraging individuals to seek preventive and complementary health solutions. However, herbal supplements are ideal for managing and mitigating these conditions due to their therapeutic properties.
Increasing awareness of health and wellness can positively impact the market. In addition, the growing prevalence of chronic diseases among the geriatric population is likely to contribute to market expansion, as older people often seek natural remedies to manage conditions and enhance their quality of life. Rising spending on health and wellness further boosts the market.
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| Stats ID: | 7630 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7630 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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