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Herbal Nutraceuticals Market Size
- Report ID: GMI6120
- Published Date: Jun 2023
- Report Format: PDF
Herbal Nutraceuticals Market Size
Herbal Nutraceuticals Market size was valued at USD 55 billion in 2022 and is estimated to witness 6.5% CAGR from 2023 to 2032, attributed to the increasing awareness and preference among consumers for natural and plant-based products. Additionally, the rising incidence of chronic diseases and the growing focus on preventive healthcare have boosted the demand for herbal nutraceuticals. Also, the increasing adoption of herbal nutraceuticals by athletes and fitness enthusiasts has fuelled market growth. Lastly, the expanding sales channels, including online platforms and specialized herbal stores, have made herbal nutraceuticals easily accessible to a wider consumer base.
Herbal nutraceuticals refer to dietary supplements or products that are derived from natural plant sources and are believed to have health benefits. They combine the concepts of herbal medicine and nutraceuticals, which are bioactive compounds or substances that have medicinal properties and provide health benefits beyond basic nutrition.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Herbal Nutraceuticals Market Size in 2022: | USD 55 Billion |
| Forecast Period: | 2023-2032 |
| Forecast Period 2023-2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 105 Billion |
| Historical Data for: | 2018-2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 267 |
| Segments covered: | Product Type, Ingredients, Nature, Form, Sales Channel, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Herbal Nutraceuticals Market Scope
