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Herbal Nutraceuticals Market Growth Drivers and Challenges 2023 to 2032

Herbal nutraceuticals market from the functional foods segment is anticipated to witness substantial growth through 2032

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Herbal Nutraceuticals Market Growth Drivers and Challenges 2023 to 2032

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  1. Herbal Nutraceuticals Market Demand to Cross USD 106.5 Bn by 2032 Global Market Insights Inc.

  2. Overview of Nutraceutical Ingredients Market • The herbal nutraceuticals market is predicted to cross USD 105 billion by 2032, as reported in a research study by Global Market Insights Inc. • The market growth is driven by consumers increasingly seek natural health solutions to complement their lifestyles. The rising preference for natural ingredients in dietary supplements and health products has significantly boosted the market demand. Consumers are becoming more discerning about the potential side effects of synthetic compounds, leading them to embrace plant-based solutions that offer safer and gentler alternatives. As health & wellness consciousness continue to rise globally, consumers are proactively seeking preventive measures to maintain a balanced lifestyle. Moreover, the increasing prevalence of chronic diseases and lifestyle-related health issues has further accelerated the adoption of herbal nutraceuticals, boosting the market value. • Herbal nutraceuticals market from the functional foods segment is anticipated to witness substantial growth through 2032, as the products combine the benefits of traditional herbal remedies with modern nutritional science. They offer a holistic approach to improving various aspects of health, such as immune support, digestive health, cognitive function, and cardiovascular well-being. Global Market Insights Inc.

  3. Continue… • Herbal nutraceuticals market from the online store segment will witness remarkable growth through 2032. With the proliferation of internet and the growing inclination towards online shopping, consumers are increasingly turning to e-commerce platforms to purchase health & wellness products. The sales channel offers convenience, a wide product assortment, and the ability to compare prices and read reviews before making a purchase. Additionally, the global reach of online stores enables manufacturers to expand their customer base beyond geographical boundaries, tapping into new markets and reaching consumers in remote regions. • Asia Pacific herbal nutraceuticals market is expected to grow at a robust pace during 2023 to 2032, attributed to the increasing population. The rapidly expanding middle-class segment, and rising disposable incomes in countries like China, India, and Southeast Asian nations are driving the demand for natural health solutions. Additionally, traditional systems of medicine, such as Ayurveda and Traditional Chinese Medicine (TCM), deeply rooted in the region's culture, have contributed to the acceptance and adoption of herbal nutraceuticals. Furthermore, governmental initiatives promoting the use of traditional and natural remedies is positively swaying the market dynamics in the APAC. Global Market Insights Inc.

  4. Continue… • Some of the prominent contenders in the herbal nutraceuticals market are NOW Foods, Nutraceutical International Corporation, The Himalaya Drug Company, Bio Botanica, Inc., Oregon's Wild Harvest, Amway Corporation, Nutramarks, Inc., Nature's Bounty, Herbochem, Sidled India Pvt Ltd, Gaia Herbs Farm, and Pure Encapsulations, LLC, among others. • These companies are working on developing new strategies, products, mergers & acquisitions, and partnerships to drive the growth. For instance, in June 2021, Gaia Herbs announced the addition of two more delectable and handy USDA Certified Organic and Non-GMO Project Verified gummy supplements to its award-winning Turmeric Supreme® line: Adult Daily Gummies with Turmeric Supreme® and Extra-strength Turmeric Supreme® Gummies. Global Market Insights Inc.

  5. Browse Full Research Report On Nutraceutical Ingredients Market@ https://bit.ly/3EnwcH9 Request for a sample of this research report @ https://bit.ly/3r76XWu Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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