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Milk Thistle Supplements Market

Powdered & Granulated Milk Thistle Supplements to Expand at a 6% Value CAGR through 2032, Investigates Fact.MR

Published : 10 Jan 2022 Industry: Food & Beverage

The global milk thistle supplements market is estimated to surpass the value of US$ 204 Mn by 2032 end, showing a significant growth within the herbal supplement industry. The recently published report by Fact.MR estimates that the global milk thistle supplements market is projected to witness a positive growth rate of 7.06% CAGR by the end of the forecast period (2022-2032).

Silymarin, known for its antioxidant properties, is an active ingredient of milk thistle supplements used to treat liver disorders. Furthermore, the global market for milk thistle supplements is likely to benefit from the strong growth of herbal supplement sales in the coming years. Additionally, the global milk thistle supplements market is predicted to gain momentum due to an increase in consumer awareness and the growth of dietary healthcare trends.

Key Takeaways from the Market Study

  • By form, milk thistle supplement powder & granules likely to surge at a 6% CAGR
  • Online milk thistle supplements sales via company websites to gather considerable momentum
  • U.S to be a highly opportunistic market, accumulating 26% of global milk thistle supplements revenue
  • India to be the dominant market for milk thistle supplements, yielding 1/3rd of global sales
  • U.K likely to accumulate a market share of 28% during the 2022-2032 assessment period
  • Global market for milk thistle supplements expected to grow nearly 2x until 2032

“In the future, demand for milk thistle is anticipated to grow further as consumers are increasingly concerned about the prospect of aging and the chronic issues that may arise.," says a Fact.MR analyst.

Competitive Landscape

Increasing sales and market share of manufacturers can be achieved by strategic collaborations with consumers. The introduction of new products and technologies will enable end-users to benefit from natural products. By forming a strategic partnership, the company can increase its production capacity.

  • In November 2021, Nature's Bounty®, a leader in the vitamin and nutritional supplement industries, announced the launch of its new, innovative line of jelly bean vitamins to help consumers meet their wellness needs. This delightful and convenient jelly bean format makes it simple for both adults and kids to get their daily dose of wellness, and it can be purchased at major retailers nationwide, including Walmart, Kroger, and CVS.

More Insights Available

Fact.MR's, in its new offering, presents an unbiased analysis of the milk thistle supplements market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.

The study divulges essential insights on the market based on form (softgel, capsules, liquids, tablets, powder & granules), and sales channel (drug store, health & beauty stores, modern trade channel, direct selling, third party online channel, and company online channel), across six major regions (North America, Latin America, Europe, Japan, Asia Pacific excluding Japan and Middle East & Africa).

Fact.MR’s Domain Knowledge in Food & Beverages

Our food and beverages consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the food & beverage sector. Our expertise in recognizing the challenges and trends impacting the global food and beverages industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Nandini Roy Choudhury

Fact.MR

Sr. Consultant – Food and Beverages

E-mail: nandini@factmr.com

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Milk Thistle Supplements Market

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Milk Thistle Supplements Market Analysis by Form (Softgel, Capsules, Liquid, Tablets, Milk Thistle Supplement Powder & Granules), by Sales Channel, by Region - Global Forecast 2022-2032