Press Release

A USD224.83 Million GCC Herbal Medicine Market to Grow at a CAGR of Around 6.90% During 2024-2030

The GCC Herbal Medicine Market size was valued at USD 224.83 Million in 2023 and is estimated to reach USD 366 Million by 2030. Along with this, the market is projected to grow at a CAGR of 6.90% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report.

The rising instances of the illness, the growing consumer awareness regarding the side effects of allopathic medicine, and the rising health awareness programs are some of the factors contributing to the surge in the demand for herbal medicines across the GCC.

In recent years, the prevalence of diseases, including communicable & non-communicable has substantially increased in the GCC nations. These diseases require immediate medical intervention and the patients are prescribed to follow the medication routine. However, the regular usage of synthetic medicines makes the patients addicted and has ill effects on the other vital organs of the body. Therefore, health practitioners in the region are increasingly encouraging consumers to opt for natural compounds-based medicines, supporting market growth.

Additionally, the GCC countries welcome millions of tourists every year due to the presence of religious sites, like Makkah & Medina. The arrival of foreign visitors increases the risks of disease spread. As a result, the national governments of these countries are compelling the inhabitants to consume herbal health supplements, enlarging the market size.

Also, the top companies in the industry are increasingly launching awareness programs & promotional campaigns. This further helps in educating the customers about the health benefits offered by herbal medicines. Thus, with the rise in educational programs, more consumers would shift towards herbal medicine fueling the market growth in the forecast years, further states the research report, “GCC Herbal Medicine Market Analysis, 2024.”

The GCC Herbal Medicine Market size was valued at USD 224.83 Million in 2023 and is estimated to reach USD 366 Million by 2030. Along with this, the market is projected to grow at a CAGR of 6.90% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report.

The rising instances of the illness, the growing consumer awareness regarding the side effects of allopathic medicine, and the rising health awareness programs are some of the factors contributing to the surge in the demand for herbal medicines across the GCC.

In recent years, the prevalence of diseases, including communicable & non-communicable has substantially increased in the GCC nations. These diseases require immediate medical intervention and the patients are prescribed to follow the medication routine. However, the regular usage of synthetic medicines makes the patients addicted and has ill effects on the other vital organs of the body. Therefore, health practitioners in the region are increasingly encouraging consumers to opt for natural compounds-based medicines, supporting market growth.

Additionally, the GCC countries welcome millions of tourists every year due to the presence of religious sites, like Makkah & Medina. The arrival of foreign visitors increases the risks of disease spread. As a result, the national governments of these countries are compelling the inhabitants to consume herbal health supplements, enlarging the market size.

Also, the top companies in the industry are increasingly launching awareness programs & promotional campaigns. This further helps in educating the customers about the health benefits offered by herbal medicines. Thus, with the rise in educational programs, more consumers would shift towards herbal medicine fueling the market growth in the forecast years, further states the research report, “GCC Herbal Medicine Market Analysis, 2024.”