Herbal Extract Market Size Expected to Reach USD 97.57 Billion By 2033 [Yahoo! Finance]
SYMRISE AG UNSP/ADR (SYIEY)
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Source: Yahoo! Finance
Ottawa, Aug. 01, 2024 (GLOBE NEWSWIRE) -- The global herbal extract market size is predicted to increase from USD 38.59 billion in 2023 to approximately USD 97.57 billion by 2033, According to Precedence Research. The inclination towards natural and vegan products across the globe is observed to propel the market's growth. The U.S. herbal extract market size accounted for USD 10.45 billion in 2024 and is predicted to be worth around USD 18.67 billion by 2033, expanding at a CAGR of 6.66% from 2024 to 2033. The herbal extract market is bound to suppliers, manufacturers, end-users, and distributors who are involved in the production of herbal extracts. The herbal extracts are the concentrated forms of plants that contain useful compounds like flavonoids, essential oils , alkaloids, and phytochemicals. For boosting the immune system, losing weight, improving sleep, increasing energy, and enhancing mood, the herbal extract is highly used, leading to the market's growth. The herbal
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