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The global herbal medicine industry was valued at USD 233.08 billion in 2024 and is anticipated to expand from USD 251.25 billion in 2025 to nearly USD 437 billion by 2032, registering a CAGR of 8.23% during the forecast period. Europe led the global market in 2024, accounting for 44.55% of total revenue, while the U.S. herbal medicine market is expected to achieve USD 37.90 billion by 2032, propelled by growing consumer preference for natural and eco-friendly healthcare solutions.
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