The global herbal medicine market revenue was valued at USD 216.40 billion in 2023 and is projected to grow to USD 233.08 billion in 2024, reaching USD 437 billion by 2032, with a compound annual growth rate (CAGR) of 8.17% during the forecast period (2024-2032).

This information is derived from the report "Herbal Medicine Market, 2024-2032" by Fortune Business Insights.

List of Key Players Mentioned in the Report:

• Cultivator Natural Products Pvt. Ltd. (India)
• 21ST Century HealthCare, Inc. (U.S.)
• Herbalife Nutrition (U.S.)
• ZeinPharma Germany GmbH (Germany)
• Blackmores Limited (Australia)
• Himalaya Global Holdings Ltd. (India)
• Nutraceutical Corporation (U.S.)
• Emami Limited (India)
• Nature's Answer, LLC. (U.S.)
• Patanjali Ayurved Limited (India)

Information Source: https://www.fortunebusinessinsights.com/herbal-medicine-market-106320

Segments:

Pharmaceutical & Nutraceutical Segment Holds Prime Market Share Owing to Surging Demand for Herbal Products

The pharmaceutical and nutraceutical segment holds the largest share of the herbal medicine market by application. This dominance is driven by strong demand for herbal raw materials from dietary supplement manufacturers and the alternative medicine industry.

Tablets & Capsules Segment to Hold Significant Share Owing to its Extensive Obtainability in Pharmaceutical Industry