How big is the shilajit market?

The global shilajit market size was estimated at USD 175.6 million in 2023 and is expected to reach USD 191.0 billion in 2024.

What is the shilajit market growth?

The global shilajit market is expected to grow at a compounded growth rate of 9.0% from 2024 to 2030 to reach USD 320.1 million by 2030

Which segment accounted for the largest shilajit market share?

The liquid segment accounted for the largest share of the global revenue in 2023. Resin shilajit is the most traditional and unprocessed form of shilajit, often directly extracted and minimally processed.

Who are the key players in the shilajit market?

Some key players operating in the shilajit market are Undersun Biomedtech Corp., VISTERRA, Botanic Healthcare, Alpsure Lifesciences, Herboil Chem, and others

What are the factors driving the shilajit market?

The global shilajit market has been witnessing steady growth, fueled by increasing consumer interest in natural and traditional health remedies. Shilajit, a mineral-rich substance traditionally used in Ayurvedic medicine, is gaining popularity due to its wide range of health benefits, including boosting energy, supporting cognitive function, enhancing physical performance, and promoting healthy aging.