Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 83.10 Billion | USD 429.08 Billion | 17.84% | 2024 |
FrequentlyAsked Questions
The global herbal medicine market is expected to grow due to rising consumer preference for natural products, traditional healthcare practices, and increasing awareness of herbal remedies’ benefits.
According to a study, the global herbal medicine market size was worth around USD 83.10 Billion in 2024 and is expected to reach USD 429.08 Billion by 2034.
The global herbal medicine market is expected to grow at a CAGR of 17.84% during the forecast period.
Asia-Pacific is expected to dominate the herbal medicine market over the forecast period.
Leading players in the global herbal medicine market include Dabur India, Himalaya Wellness, Sanjiu Medical & Pharmaceutical, China Resources Pharmaceutical Group, Potter’s Herbals, Blackmores, Nature’s Bounty, Bioforce AG (A.Vogel), Schwabe Pharmaceuticals, Zandu (Emami), Ricola, Himalaya Herbal Healthcare, Arkopharma, Herb Pharm, Gaia Herbs, among others.
The report explores crucial aspects of the herbal medicine market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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