Shilajit Market Set for Major Expansion by 2035 with Natural Wellness Driving Demand
Market Definition, Objectives, and Market Overview
The global Shilajit Market reached an estimated valuation of USD 192.5 million in 2024 and is forecasted to grow significantly, attaining a market size of approximately USD 507.36 million by 2035, registering a robust CAGR of 9.21% during the period from 2025 to 2035. Shilajit, a naturally occurring resin primarily found in the Himalayan mountains, is widely recognized for its potent health-enhancing properties, particularly in Ayurvedic and alternative medicine. Rich in fulvic acid and minerals, it is marketed for improving vitality, endurance, and cognitive function. The objective of the Shilajit industry is to tap into the growing global demand for natural performance enhancers, especially among the health-conscious, aging, and fitness-focused population segments.
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Key Market Drivers
The Shilajit market is being propelled by increasing awareness of holistic wellness and the preference for natural energy-boosting supplements. According to WHO data, over 80% of the global population relies on traditional medicine for primary healthcare, reinforcing trust in products like Shilajit. Moreover, a 2023 Statista report showed that nearly 42% of global supplement consumers prefer herbal-based or Ayurvedic products, boosting the demand for Shilajit-based formulations. Rising stress levels, declining testosterone levels in men, and growing demand for plant-based adaptogens further contribute to the market’s rapid expansion.
Capsules & Tablets Segment Analysis
Among product types, Capsules and Tablets dominate due to their ease of consumption, longer shelf life, and standardized dosages. These forms are especially popular in urban and online markets, where busy consumers seek convenient daily supplements for endurance and strength. The capsule-based Shilajit supplements are often marketed for improving stamina, muscle recovery, and anti-aging, driving rapid a