Global Market for Botanical Ingredients to Progress at a 7.3% CAGR from 2024 to 2034, reaching US$ 374.84 Billion: Future Market Insights, Inc.
NEWARK, Del., May 1, 2024 /PRNewswire/ -- The global botanical ingredient market is slated to progress at a CAGR of 7.3%. This will elevate the market size from US$ 185.91 billion to US$ 374.84 billion from 2024 to 2034. The growing healthcare, cosmetic, and food and beverage markets leverage the demand for botanical ingredients.
- This increasing inclination towards botanical ingredients is anticipated to ignite a surge in demand, thereby propelling market growth.
- Key drivers include the recognized therapeutic properties and medicinal benefits associated with botanical ingredient products, which continue to captivate consumer interest and drive market dynamics.
- NEWARK, Del., May 1, 2024 /PRNewswire/ -- The global botanical ingredient market is slated to progress at a CAGR of 7.3%.
- This will elevate the market size from US$ 185.91 billion to US$ 374.84 billion from 2024 to 2034.