Shilajit Market Size, Share & Trends Analysis Report By Form (Liquid, Powder), By Application (Bone & Joint Health, Sexual Health), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2024 - 2030

PUBLISHED: September 2, 2024

PAGES: 108 Pages

DELIVERY TIME: 2-10 business days

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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.

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

Product Code: GVR-4-68040-436-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Forms & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Form Outlook
2.3. Application Outlook
2.4. Distribution Channel Outlook
2.5. Regional Outlook
2.6. Competitive Insights

Chapter 3. Shilajit Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter's
3.5. Market Entry Strategies

Chapter 4. Shilajit Market: Form Analysis & Estimates

4.1. Form Analysis & Market Share, 2023 & 2030
4.2. Liquid
- 4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3. Powder
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.4. Capsules/Tablets
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 5. Shilajit Market: Application Estimates & Trend Analysis

5.1. Bone & Joint Health
- 5.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.2. Sexual Health
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Anti-aging
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.4. General Health
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.5. Others
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Shilajit Market: Distribution Channel Estimates & Trend Analysis

6.1. Offline
- 6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.2. Online
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 7. Shilajit Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. Key country dynamics
  - 7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Key country dynamics
  - 7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Key country dynamics
  - 7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. UK
  - 7.3.2.1. Key country dynamics
  - 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Key country dynamics
  - 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. Key country dynamics
  - 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5. Spain
  - 7.3.5.1. Key country dynamics
  - 7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6. Italy
  - 7.3.6.1. Key country dynamics
  - 7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
  - 7.4.2.1. Key country dynamics
  - 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.3. Japan
  - 7.4.3.1. Key country dynamics
  - 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. Key country dynamics
  - 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5. Australia & New Zealand
  - 7.4.5.1. Key country dynamics
  - 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. Key country dynamics
  - 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
  - 7.4.7.1. Key country dynamics
  - 7.4.7.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.8. Malaysia
  - 7.4.8.1. Key country dynamics
  - 7.4.8.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Key country dynamics
  - 7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. Key country dynamics
  - 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 8. Competitive Analysis

8.1. Recent developments & impact analysis by key market participants
8.2. Company Categorization
8.3. Participant's Overview
8.4. Financial Performance
8.5. Form Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
- 8.9.1. Undersun Biomedtech Corp.
  - 8.9.1.1. Company Overview
  - 8.9.1.2. Financial Performance
  - 8.9.1.3. Form Benchmarking
  - 8.9.1.4. Strategic Initiatives
- 8.9.2. VISTERRA
  - 8.9.2.1. Company Overview
  - 8.9.2.2. Financial Performance
  - 8.9.2.3. Form Benchmarking
  - 8.9.2.4. Strategic Initiatives
- 8.9.3. Botanic Healthcare
  - 8.9.3.1. Company Overview
  - 8.9.3.2. Financial Performance
  - 8.9.3.3. Form Benchmarking
  - 8.9.3.4. Strategic Initiatives
- 8.9.4. Alpspure Lifesciences
  - 8.9.4.1. Company Overview
  - 8.9.4.2. Financial Performance
  - 8.9.4.3. Form Benchmarking
  - 8.9.4.4. Strategic Initiatives
- 8.9.5. HERBOIL CHEM
  - 8.9.5.1. Company Overview
  - 8.9.5.2. Financial Performance
  - 8.9.5.3. Form Benchmarking
  - 8.9.5.4. Strategic Initiatives
- 8.9.6. Shaanxi Huachen Biotech
  - 8.9.6.1. Company Overview
  - 8.9.6.2. Financial Performance
  - 8.9.6.3. Form Benchmarking
  - 8.9.6.4. Strategic Initiatives
- 8.9.7. Mufan Biology
  - 8.9.7.1. Company Overview
  - 8.9.7.2. Financial Performance
  - 8.9.7.3. Form Benchmarking
  - 8.9.7.4. Strategic Initiatives
- 8.9.8. Xi'an Changyue Biological Technology
  - 8.9.8.1. Company Overview
  - 8.9.8.2. Financial Performance
  - 8.9.8.3. Form Benchmarking
  - 8.9.8.4. Strategic Initiatives
- 8.9.9. Blisque Inc.
  - 8.9.9.1. Company Overview
  - 8.9.9.2. Financial Performance
  - 8.9.9.3. Form Benchmarking
  - 8.9.9.4. Strategic Initiatives
- 8.9.10. CYMBIOTIKA LLC
  - 8.9.10.1. Company Overview
  - 8.9.10.2. Financial Performance
  - 8.9.10.3. Form Benchmarking
  - 8.9.10.4. Strategic Initiatives

Product Code: GVR-4-68040-436-6

List of Tables

1. Shilajit market - Key market driver analysis
2. Shilajit market - Key market restraint analysis
3. Liquid shilajit market estimates and forecast, 2018 - 2030 (USD Million)
4. Powdered shilajit market estimates and forecast, 2018 - 2030 (USD Million)
5. Shilajit capsules/tablets market estimates and forecast, 2018 - 2030 (USD Million)
6. Shilajit market estimates and forecast, in bone & joint health, 2018 - 2030 (USD Million)
7. Shilajit market estimates and forecast, in sexual health, 2018 - 2030 (USD Million)
8. Shilajit market estimates and forecast, in anti-aging, 2018 - 2030 (USD Million)
9. Shilajit market estimates and forecast, in general health, 2018 - 2030 (USD Million)
10. Shilajit market estimates and forecast, in other applications, 2018 - 2030 (USD Million)
11. North America shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
12. North America shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
13. North America shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
14. U.S. macro-economic outlay
15. U.S. shilajit market estimates and forecast, 2018 - 2030 (USD Million)
16. U.S. shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
17. U.S. shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
18. U.S. shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
19. Canada macro-economic outlay
20. Canada shilajit market estimates and forecast, 2018 - 2030 (USD Million)
21. Canada shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
22. Canada shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
23. Canada shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
24. Mexico macro-economic outlay
25. Mexico shilajit market estimates and forecast, 2018 - 2030 (USD Million)
26. Mexico shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
27. Mexico shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
28. Mexico shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
29. Europe shilajit market estimates and forecast, 2018 - 2030 (USD Million)
30. Europe shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
31. Europe shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
32. Europe shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
33. Germany macro-economic outlay
34. Germany shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
35. Germany shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
36. Germany shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
37. UK macro-economic outlay
38. UK shilajit market estimates and forecast, 2018 - 2030 (USD Million)
39. UK shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
40. UK shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
41. UK shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
42. Spain macro-economic outlay
43. Spain shilajit market estimates and forecast, 2018 - 2030 (USD Million)
44. Spain shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
45. Spain shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
46. Spain shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
47. Italy macro-economic outlay
48. Italy shilajit market estimates and forecast, 2018 - 2030 (USD Million)
49. Italy shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
50. Italy shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
51. Italy shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
52. France macro-economic outlay
53. France shilajit market estimates and forecast, 2018 - 2030 (USD Million)
54. France shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
55. France shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
56. France shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
57. Asia Pacific shilajit market estimates and forecast, 2018 - 2030 (USD Million)
58. Asia Pacific shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
59. Asia Pacific shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
60. Asia Pacific shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
61. China macro-economic outlay
62. China shilajit market estimates and forecast, 2018 - 2030 (USD Million)
63. China shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
64. China shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
65. China shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
66. India macro-economic outlay
67. India shilajit market estimates and forecast, 2018 - 2030 (USD Million)
68. India shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
69. India shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
70. India shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
71. Japan macro-economic outlay
72. Japan shilajit market estimates and forecast, 2018 - 2030 (USD Million)
73. Japan shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
74. Japan shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
75. Japan shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
76. Australia & New Zealand macro-economic outlay
77. Australia & New Zealand shilajit market estimates and forecast, 2018 - 2030 (USD Million)
78. Australia & New Zealand shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
79. Australia & New Zealand shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
80. Australia & New Zealand shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
81. South Korea macro-economic outlay
82. South Korea shilajit market estimates and forecast, 2018 - 2030 (USD Million)
83. South Korea shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
84. South Korea shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
85. South Korea shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
86. Thailand macro-economic outlay
87. Thailand shilajit market estimates and forecast, 2018 - 2030 (USD Million)
88. Thailand shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
89. Thailand shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
90. Thailand shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
91. Malaysia macro-economic outlay
92. Malaysia shilajit market estimates and forecast, 2018 - 2030 (USD Million)
93. Malaysia shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
94. Malaysia shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
95. Malaysia shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
96. Central & South America shilajit market estimates and forecast, 2018 - 2030 (USD Million)
97. Central & South America shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
98. Central & South America shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
99. Central & South America shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
100. Brazil macro-economic outlay
101. Brazil shilajit market estimates and forecast, 2018 - 2030 (USD Million)
102. Brazil shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
103. Brazil shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
104. Brazil shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
105. Middle East & Africa shilajit market estimates and forecast, 2018 - 2030 (USD Million)
106. Middle East & Africa shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
107. Middle East & Africa shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
108. Middle East & Africa shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
109. South Africa shilajit market estimates and forecast, 2018 - 2030 (USD Million)
110. South Africa shilajit market revenue estimates and forecast, by form, 2018 - 2030 (USD Million)
111. South Africa shilajit market revenue estimates and forecast, by application, 2018 - 2030 (USD Million)
112. South Africa shilajit market revenue estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)

List of Figures

1. Shilajit market snapshot
2. Shilajit market segmentation & scope
3. Shilajit market penetration & growth prospect mapping
4. Shilajit market value chain analysis
5. Shilajit market dynamics
6. Shilajit market Porter's Five Forces analysis
7. Shilajit market: Form movement analysis, 2023 & 2030 (%)
8. Liquid shilajit market estimates and forecast, 2018 - 2030 (USD Million)
9. Powdered shilajit market estimates and forecast, 2018 - 2030 (USD Million)
10. Shilajit capsules/tablets market estimates and forecast, 2018 - 2030 (USD Million)
11. Shilajit market: Application movement analysis, 2023 & 2030 (%)
12. Shilajit market estimates and forecast, in bone & joint health, 2018 - 2030 (USD Million)
13. Shilajit market estimates and forecast, in sexual health, 2018 - 2030 (USD Million)
14. Shilajit market estimates and forecast, in anti-aging, 2018 - 2030 (USD Million)
15. Shilajit market estimates and forecast, in general health, 2018 - 2030 (USD Million)
16. Shilajit market estimates and forecast, in other applications, 2018 - 2030 (USD Million)
17. Shilajit market: Regional movement analysis, 2023 & 2030 (%)
18. U.S. shilajit market estimates and forecast, 2018 - 2030 (USD Million)
19. Canada shilajit market estimates and forecast, 2018 - 2030 (USD Million)
20. Mexico shilajit market estimates and forecast, 2018 - 2030 (USD Million)
21. Europe shilajit market estimates and forecast, 2018 - 2030 (USD Million)
22. Germany shilajit market estimates and forecast, 2018 - 2030 (USD Million)
23. U.K. shilajit market estimates and forecast, 2018 - 2030 (USD Million)
24. Spain shilajit market estimates and forecast, 2018 - 2030 (USD Million)
25. Italy shilajit market estimates and forecast, 2018 - 2030 (USD Million)
26. France shilajit market estimates and forecast, 2018 - 2030 (USD Million)
27. Asia Pacific shilajit market estimates and forecast, 2018 - 2030 (USD Million)
28. China shilajit market estimates and forecast, 2018 - 2030 (USD Million)
29. India shilajit market estimates and forecast, 2018 - 2030 (USD Million)
30. Japan shilajit market estimates and forecast, 2018 - 2030 (USD Million)
31. Australia & New Zealand shilajit market estimates and forecast, 2018 - 2030 (USD Million)
32. South Korea shilajit market estimates and forecast, 2018 - 2030 (USD Million)
33. Thailand shilajit market estimates and forecast, 2018 - 2030 (USD Million)
34. Malaysia shilajit market estimates and forecast, 2018 - 2030 (USD Million)
35. Central & South America shilajit market estimates and forecast, 2018 - 2030 (USD Million)
36. Brazil shilajit market estimates and forecast, 2018 - 2030 (USD Million)
37. Middle East & Africa shilajit market estimates and forecast, 2018 - 2030 (USD Million)
38. South Africa shilajit market estimates and forecast, 2018 - 2030 (USD Million)