Herbal Nutraceuticals Market , 2023 – 2032

The herbal nutraceuticals market, valued at 75.14 billion in 2022, is projected to expand at a compound annual growth rate (CAGR) of 7.4% throughout the forecast period. This growth is primarily fueled by an increasing awareness of health and wellness, driving consumers to seek natural alternatives for supporting their overall well-being, thus boosting the demand for herbal supplements. Moreover, a growing preference for plant-based and natural products further propels the market, as consumers perceive these offerings as safer with minimal side effects, aligning well with their natural lifestyles.