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The milk thistle products market size is estimated to grow by USD 73.8 million at a CAGR of 10.02% between 2023 and 2028. Milk thistle, a popular herbal supplement, is known for its key offering of promoting liver health. Rich in silymarin, an antioxidant, milk thistle aids in liver detoxification and regeneration, protecting against damage caused by toxins. The health benefits have led to an increasing demand, resulting in a growing number of organized retailing outlets stocking milk thistle products. In response, numerous new product launches have emerged, offering various forms such as capsules, teas, and tinctures to cater to diverse consumer preferences. This trend signifies the expanding market for milk thistle, driven by its proven health benefits and increasing consumer awareness.
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Milk Thistle, a well-known herb, has gained significant attention in the health and wellness industry due to its Liver-protective qualities. The Milk Thistle Products Market is driven by the increasing prevalence of Liver diseases such as Cirrhosis, Jaundice, Hepatitis, and Gallbladder disorders. Milk Thistle is rich in Antioxidant properties that help in detoxification and cell regeneration, making it an effective remedy for environmental pollutants and drug addiction. The market for Milk Thistle products includes Herbal supplements, Dietary supplements, and Synthetic alternatives. The demand is on the rise due to their Antioxidant and Anti-inflammatory properties that aid in Immune functions, Sleep disorders, Digestion, and even Cardiovascular diseases. The market is also influenced by the growing awareness of natural remedies and the increasing popularity of E-commerce platforms. However, Quality control and Scientific validation are crucial factors that impact the market's growth. Milk Thistle is often combined with other natural ingredients like Aloe Vera, Turmeric, and Dandelion to enhance its health benefits. Despite the numerous benefits, the market faces competition from other herbal remedies like Milk Thistle, Aloe Vera, and Turmeric. Therefore, continuous research and development efforts are necessary to establish the superiority of Milk Thistle products and maintain consumer trust. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The health benefits of milk thistle products is notably driving market growth. Milk thistle products derived from the milk thistle plant have gained popularity due to their liver-protective qualities and various health benefits. The primary active compound in milk thistle is silymarin, an antioxidant with anti-inflammatory properties that shields the liver from toxins, including certain medications and alcohol. Silymarin is also known for its anti-fibrotic and anti-cancer properties, making it a valuable ingredient in functional foods, beverages, and dietary supplements. Milk thistle products are available in various forms, including tablets, capsules, powders and granules, liquid extracts, and specialty oils. These products are consumed for detoxifying the liver, boosting cell growth and regeneration, and promoting overall liver health. Milk thistle is also used in breast milk to support newborns' liver function and in infant milk formulae. Milk thistle's health benefits extend to various industries, including dairy, meat products, and pharmacy. It is used as a functional food additive in dairy products and meat items to enhance their nutritional value.
In the pharmaceutical industry, milk thistle is used as a herbal supplement for treating liver-related conditions, such as fatty liver disease and cirrhosis. Milk thistle is also available in Ayurvedic, homeopathic, and naturopathic remedies. Milk thistle products are widely available through various channels, including e-commerce websites, pharmacies, drug stores, supermarkets, and health food stores. While natural milk thistle is the preferred choice for many consumers, synthetic alternatives are also available. However, scientific validation of the benefits of milk thistle supplements is essential to ensure their efficacy and safety. In summary, milk thistle products offer numerous health benefits, primarily related to liver health, and are available in various forms and through various channels. Their demand is driven by their detoxifying properties, antioxidant and anti-inflammatory effects, and potential anti-cancer properties. Milk thistle's versatility and wide range of applications make it a valuable ingredient in functional foods, beverages, and dietary supplements. Thus, such factors are driving the growth of the market during the forecast period.
The rising demand for multiherb products is the key trend in the market. Milk thistle, derived from the Milk Thistle plant, is a popular herbal supplement known for its liver-protective qualities and antioxidant properties. This natural remedy has gained significant attention due to its potential benefits in preventing and managing various health conditions, including cardiovascular diseases, fatty liver disease, and cancer. Silymarin, the active compound in milk thistle, exhibits anti-fibrotic and anti-cancer properties. Milk thistle products are available in various forms, such as powder and granules, liquid extract, specialty oils, and dietary supplements. They can be found in functional foods, beverages, dairy, meat products, and infant milk formulae.
In the health and wellness industry, milk thistle is used in combination with other herbs like dandelion, turmeric, and aloe vera to create functional food blends that improve heart health and support liver functions. Milk thistle supplements are easily accessible through various retail channels, including e-commerce websites, pharmacies, drug stores, supermarkets, health food stores, and online retail platforms. Consumers can choose from a range of milk thistle products, including herbal supplements, protein-rich casein and caseinates, and amino acid-rich formulations. As consumers increasingly seek natural alternatives to synthetic medicines, the demand for milk thistle products is expected to continue growing. However, it is essential to ensure scientific validation and quality control to maintain the integrity and effectiveness of these natural remedies. Thus, such trends will shape the growth of the market during the forecast period.
Distribution challenges is the major challenge that affects the growth of the market. Milk thistle, derived from the milk thistle plant, is a popular herbal supplement known for its liver-protective qualities and antioxidant properties. It is commonly used to treat various liver-related conditions, including fatty liver disease and cirrhosis. Milk thistle also exhibits anti-fibrotic, anti-cancer, and antioxidant properties, making it a valuable ingredient in functional foods and beverages. Manufacturers of milk thistle products cater to diverse markets, including pharmacies, drug stores, supermarkets, e-commerce websites, and health food stores. However, retail distribution poses challenges for milk thistle product manufacturers. Retailers, such as supermarkets and discount or convenience stores, operate at lower profit margins, necessitating competitive pricing from manufacturers.
Additionally, retailers demand frequent and smaller product deliveries to minimize warehousing costs, which can be disadvantageous for manufacturers. To reduce inventory gaps and maintain order fulfillment rates, retailers prioritize relationships with manufacturers. Milk thistle products come in various forms, including powder and granules, liquid extract, specialty oils, casein, caseinates, protein, and amino acids. These ingredients are used in dairy, meat products, infant milk formulae, and functional food and beverage applications. Milk thistle's Ayurvedic, homeopathic, and naturopathic uses further expand its market reach. Despite the challenges, the market for milk thistle products continues to grow due to scientific validation and the increasing popularity of dietary supplements and functional foods. Manufacturers are continually innovating to meet consumer demands, introducing new products and formats, such as synthetic alternatives, to cater to diverse markets. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Verlag A.Vogel AG - The company offers milk thistle products such as A.Vogel milk thistle complex drops.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The tablets/capsules/softgels segment is estimated to witness significant growth during the market forecast period. Milk Thistle, a well-known herbal remedy, holds significant value in addressing various liver-related conditions such as cirrhosis, jaundice, hepatitis, gallbladder disorders, and toxic hepatitis. These conditions are often linked to environmental pollutants, drug addiction, alcohol consumption, viral infections, autoimmune illnesses, and side effects of certain medications.
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The tablets/capsules/softgels segment accounted for USD 71.50 million in 2018. Milk Thistle's antioxidant and anti-inflammatory properties make it an effective solution for alleviating abdominal discomfort, gas, bloating, diarrhea, and gastrointestinal issues, which are common symptoms of these liver diseases. Tablets/capsules/soft gels are the most popular forms of Milk Thistle products in the market. These forms contain milk thistle in the form of powder or extracts. Soft gel shells are manufactured using a combination of gelatin, water, opacifier, and a plasticizer, such as glycerin or sorbitol, and contain milk thistle in the form of liquid. Milk Thistle capsules are available in various doses, ranging from 100 mg to 250 mg, with most capsules standardized to contain 80% silymarin. Additionally, Milk Thistle is known for its immunity-boosting properties, which make it an effective remedy for sleep disorders, diabetes, and other health issues. It is also used in traditional Chinese medicines and combined with other herbs like Vitamin E, Vitamin C, Glutathione, Aloe vera, Turmeric, and Dandelion to enhance its healing properties. Overall, Milk Thistle's detoxification and cell regeneration qualities make it a valuable addition to any health regimen.
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Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Milk Thistle, a well-known herbal supplement, has gained popularity for its potential benefits in addressing various liver-related conditions. These include liver diseases such as cirrhosis, jaundice, hepatitis, and gallbladder disorders. Milk Thistle is rich in antioxidants and anti-inflammatory properties, making it effective in counteracting the harmful effects of environmental pollutants, drug addiction, and alcohol consumption. Additionally, it offers protection against viral infections, autoimmune illnesses, and toxic hepatitis. Milk Thistle's benefits extend beyond liver health. It aids in digestion, alleviating symptoms like abdominal discomfort, gas, bloating, and diarrhea. It also exhibits immunity-boosting properties, making it an essential supplement for individuals with diabetes and those susceptible to allergic responses. Traditional Chinese medicines often incorporate Milk Thistle for its paracetamol-like qualities and its role in enhancing sleep disorders and liver functions. Milk Thistle's antioxidant properties contribute to cell regeneration and detoxification. It can be found in various forms, including capsules, and is often combined with other natural ingredients like Vitamin E, Vitamin C, Aloe Vera, Turmeric, and Dandelion to enhance its therapeutic effects. These supplements are widely available at hypermarkets and supermarket stores. However, it is essential to consult a healthcare professional before incorporating Milk Thistle into your health regimen, as it may have side effects in certain individuals.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Milk Thistle, a well-known herbal supplement, has gained significant attention due to its potential benefits for liver health. This natural remedy is commonly used to treat various liver diseases, including cirrhosis, jaundice, hepatitis, and toxic hepatitis. Milk Thistle is rich in antioxidants and anti-inflammatory properties, making it effective in neutralizing environmental pollutants, drug addiction, and alcohol consumption. It also offers protection against viral infections and autoimmune illnesses. Milk Thistle is available in various forms, such as capsules, and can be found in hypermarkets and supermarket stores. It is often used in combination with other natural ingredients like Vitamin E, Vitamin C, and Glutathione for enhanced benefits. Milk Thistle is known for its immunity-boosting properties, paracetamol-like qualities, and ability to promote cell regeneration and detoxification. Additionally, Milk Thistle is used to alleviate gastrointestinal issues, such as abdominal discomfort, gas, bloating, diarrhea, and allergic responses. It also offers benefits for sleep disorders and liver functions. Milk Thistle can be used in conjunction with other natural remedies like Aloe vera, Turmeric, Dandelion, and traditional Chinese medicines to enhance its effects. Overall, Milk Thistle is a valuable addition to any health regimen for its numerous health benefits.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.02% |
Market growth 2024-2028 |
USD 73.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.87 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 47% |
Key countries |
Germany, US, Italy, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Verlag A.Vogel AG, Amway Corp., Arkopharma Laboratories, Bio Botanica Inc., Blackmores Ltd., Divine Bounty, Dr. Willmar Schwabe India Pvt. Ltd., Euromed SA, Gaia Herbs Inc., Indena S.p.A., Indigo Herbs Ltd., Jarrow Formulas Inc., Nested Naturals Inc, NOW Health Group Inc., PipingRock Health Products LLC, Pure Encapsulations LLC, Sunergized LLC, Swanson Health Products Inc., and Natures Bounty |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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