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Herbal Medicinal Products Market - Industry Trends and Forecast to 2029

Herbal Medicinal Products Market - Industry Trends and Forecast to 2029

Herbal Medicinal Products Market - Industry Trends and Forecast to 2029

The number of adverse effects caused by the use of allopathic medicines is rapidly increasing, which is a major source of concern among the world's growing population. This has increased the use of herbal medicinal preparations in a variety of industries, including pharmaceuticals, supplements, and others. Numerous products with herbal components that provide medicinal properties are being widely released. As a result, from a commodity standpoint, the global herbal medicinal products market is being propelled magnanimously by such commodities as well.

Data Bridge Market Research analyses that the herbal medicinal products market is expected to reach the value of USD 177.65 billion by the year 2029, at a CAGR of 6.83% during the forecast period. The rising prevalence of chronic diseases, combined with increased awareness of the benefits of herbal medicines over allopathic medicines, has increased demand for herbal medicinal products.
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