Herbal Nutraceuticals Market , 2023 – 2032

The herbal nutraceuticals market, valued at $75.14 billion in 2022, is projected to witness a robust CAGR of 7.4% over the forecast period, driven primarily by the increasing awareness of health and wellness. Consumers are increasingly turning to natural alternatives to support their overall well-being, propelling the demand for herbal supplements. This surge is fueled by a growing preference for plant-based products, as consumers perceive them to be safer with minimal side effects, aligning well with their natural lifestyles.