Shilajit Market To Reach $320.1 Million By 2030 | CAGR: 9.0%

Shilajit Market Growth & Trends

The global shilajit market size is expected to reach USD 320.1 million by 2030, registering a CAGR of 9.0%, according to a new report by Grand View Research, Inc. Shilajit, a natural substance that exudes from sedimentary rocks in specific regions worldwide, is celebrated for its potent antioxidant and anti-inflammatory properties. The global market has experienced steady growth, driven by rising consumer interest in natural and traditional health remedies. Traditionally used in Ayurvedic medicine, Shilajit is gaining popularity due to its numerous health benefits, such as boosting energy, supporting cognitive function, enhancing physical performance, and promoting healthy aging.

As health-conscious consumers grow increasingly wary of synthetic products, the demand for natural and organic supplements has surged. With its natural composition and long-standing use in traditional medicine, Shilajit aligns perfectly with this trend. The global shift towards wellness and preventive healthcare is a significant driving force behind this demand. Consumers are increasingly seeking products that address specific ailments and promote overall well-being, further boosting the popularity of Shilajit.

The growing reach of e-commerce platforms has made Shilajit products more accessible to consumers around the world. This trend has been particularly noticeable during events like Amazon Prime Day, where brands have launched new Shilajit products to connect with a wider audience. Companies are developing Shilajit products incorporating additional beneficial ingredients such as gold dust, fulvic acid, and herbal extracts to boost their effectiveness and attractiveness. Manufacturers prioritize producing high-purity Shilajit with minimal processing to ensure products are free from fillers and additives. This focus on quality is essential for meeting consumer expectations and adhering to regulatory standards.

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Shilajit Market Report Highlights

• Liquid segment possesses a share of 61.15% in 2023. Resin Shilajit, available in semi-liquid form, is renowned for its high bioavailability, meaning the body readily and efficiently absorbs it. This leads to quicker and more noticeable effects, a key advantage for consumers looking for immediate benefits, such as improved energy or cognitive function

• Bone & joint health is expected to grow at a CAGR of 9.3% from 2024 to 2030. As the global population ages, bone and joint issues are growing, including osteoarthritis, rheumatoid arthritis, and osteoporosis. This demographic shift is boosting the demand for supplements that support bone and joint health, positioning Shilajit as a highly appealing option

• The sale of shilajit online is expected to witness a CAGR of 9.6% from 2024 to 2030. Online stores are available around the clock, enabling consumers to shop whenever it is convenient for them. This flexibility is especially attractive to busy professionals and others who may not have time to visit physical stores during standard business hours. In addition, online platforms often offer detailed product descriptions, customer reviews, and ratings, which assist consumers in making informed choices

• Asia Pacific held a market share of 61.02% in 2023. The region is experiencing a rising trend towards preventive health and wellness. Consumers are increasingly interested in natural products that promote overall health, strengthen immunity, and prevent diseases. Shilajit, known for its antioxidant and anti-inflammatory properties, is ideally positioned to capitalize on this trend. Countries such as Indonesia, Vietnam, and Thailand present significant untapped opportunities for the market

Shilajit Market Segmentation

Grand View Research has segmented the global shilajit market based on form, application, distribution channel, and region:

Shilajit Form Outlook (Revenue, USD Million, 2018 - 2030)

• Liquid

• Powder

• Capsules/Tablets

Shilajit Application Outlook (Revenue, USD Million, 2018 - 2030)

• Bone & Joint Health

• Sexual Health

• Anti-aging

• General Health

• Others

Shilajit Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline

• Online

Shilajit Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • France

  • Germany

  • Spain

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • Australia & New Zealand

  • South Korea

  • Thailand

  • Malaysia

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Shilajit Market

• Undersun Biomedtech Corp.

• VISTERRA

• Botanic Healthcare

• Alpspure Lifesciences

• HERBOIL CHEM

• Shaanxi Huachen Biotech

• Mufan Biology

• Xi’an Changyue Biological Technology

• Blisque Inc.

• CYMBIOTIKA LLC