Herbal Nutraceuticals Market Size In 2024 : Analysis, Size, Share, Trends, and Forecasts Report By 2031


Anjali15

Uploaded on Jan 12, 2024

Category Business

In 2022, the herbal nutraceuticals market achieved a valuation of $75.14 billion, with an anticipated compound annual growth rate (CAGR) of 7.4% projected over the forecast period. The escalating awareness surrounding health and wellness stands out as a pivotal factor propelling the herbal nutraceuticals industry. Consumers are actively pursuing natural alternatives to bolster their overall well-being, leading to an increased demand for herbal supplements. The surge in favor of natural and plant-based products further propels the market, driven by consumer perceptions of safety, minimal side effects, and alignment with natural lifestyles. The widespread use of herbs and botanicals in traditional medicinal practices globally significantly contributes to the popularity of herbal nutraceuticals. Consumers often place trust in formulations grounded in historical usage for health and healing purposes. Herbal nutraceuticals seamlessly align with the prevailing trend towards holistic wellness, as consumers increasingly embrace a comprehensive approach to health. This shift drives the demand for products addressing both nutritional needs and preventive healthcare. Consequently, individuals are proactively integrating these supplements into their routines as a preventive measure, aiming to stave off health issues and maintain optimal wellness. The incorporation of herbal ingredients into functional foods and beverages further enhances the attractiveness of herbal nutraceuticals, providing consumers with convenient ways to integrate herbs into their daily diets for additional health benefits.

Category Business

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