
Published 31 July 2023
By 2029, the global psychedelic drug market is projected to reach $11.8bn (PR Newswire, 2023), fuelled by rising mental health awareness and legal strides. We identify the latest developments in the psychedelic renaissance, which we’ve been tracking since 2019 and featured in our 2022: Look Ahead.



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By 2029, the global wellness market will reach $9.75tn, up from about $6.8tn in 2024 (GWI, 2025). The