Longitudinal Herbal Medicinal Products Market Data suggests that turmeric remains the most popular medicinal plant, accounting for nearly 26.78% of the market share in 2024 due to its wide range of applications. However, ginseng is registering the fastest growth at over 9% CAGR, as its benefits for cognitive health and energy management become more widely recognized. Statistical models indicate that the "Gut and Digestive Health" function is the primary driver for herbal purchases, followed closely by "Immunity Support" and "Cardiovascular Health."
The data also highlights a significant "Trust Gap" that the industry is successfully closing. Ten years ago, only 30% of doctors in the U.S. were comfortable recommending herbal products; today, that number has nearly doubled, largely due to the increase in peer-reviewed clinical trials funded by major herbal manufacturers. As regulatory bodies like the FDA and EMA continue to refine the guidelines for botanical drugs, the industry is moving toward a future where "Herbal Medicine" is no longer considered "alternative," but rather a foundational component of evidence-based global healthcare.