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Herbal Nutraceuticals Market Trends

Report ID: GMI6120
Published Date: Jun 2023
Report Format: PDF

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Herbal Nutraceuticals Market Trends

The herbal nutraceuticals industry is experiencing significant growth due to the increasing consumer demand for natural and organic products. Consumers today are becoming more health-conscious and are seeking products that are free from synthetic additives and chemicals. This growing awareness about the potential health benefits of herbal nutraceuticals has led to a surge in demand for these products. Moreover, natural, and organic ingredients derived from herbs are safe and offer various health benefits, ranging from improving digestion to boosting immunity. As a result, manufacturers are focusing on developing a wide range of herbal nutraceuticals to cater to this rising demand.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of herbal nutraceuticals accounted for USD 55 billion in 2022 and will be valued at USD 105 billion by 2032, attributed to the increasing preference among consumers for natural and plant-based products.

The dietary supplement segment held a market share of 58% in 2022, as the products contain a wide array of vitamins, minerals, and antioxidants that help boost the immune system, promote vitality, and improve energy levels.

U.S. market will record a strong CAGR through 2032, backed by rising awareness regarding health and wellness in the region.

The Himalaya Drug Company, Amway Corporation, Nutraceutical International Corporation, Bio Botanica, Inc., Oregon's Wild Harvest, Pure Encapsulations, LLC, Nature's Bounty.