Press release
Organic Electronics Market Growth Report 2024-2033: Analysis and Outlook
"The Business Research Company recently released a comprehensive report on the Global Liver Health Supplements Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.According to The Business Research Company's, The liver health supplements market size has grown strongly in recent years. It will grow from $10.1 billion in 2023 to $10.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to rising prevalence of liver diseases, growing awareness of the importance of liver health, aging population, diet and lifestyle.
The liver health supplements market size is expected to see strong growth in the next few years. It will grow to $13.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing popularity of self-care, non-alcoholic fatty liver disease, personalized nutrition, increasing popularity of e-commerce, holistic health approach. Major trends in the forecast period include advancements in liver health supplement research and development, natural and herbal ingredients, clinical research and transparency, detoxification products, nutraceutical innovation.
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Market Drivers and Trends:
The rising consumption of alcohol is expected to propel the growth of the liver health supplements market going forward. Consumption of alcohol refers to the practice of consuming alcoholic beverages, which include the active element ethanol. Liver health supplements can be helpful for people with high alcohol consumption by providing support to the liver, which is responsible for removing toxins from the body. Supplements containing ingredients such as milk thistle, dandelion root and kudzu root can help support liver function by promoting detoxification and reducing inflammation. For instance, in December 2022, according to a report published by Kirin Holdings Company Limited, a Japan-based beverages company, about 185.60 million kiloliters of beer were consumed worldwide in 2021, a rise of 4.0% from the previous year. Therefore, the rising consumption of alcohol is driving the growth of the liver health supplements market.
Major players in the liver health supplements market are The Archer-Daniels-Midland Company, Sanofi SA, Amway Corp., Balchem Corporation, Himalaya Wellness Company, NOW Foods Inc., Metagenics Inc., Aker BioMarine ASA, Enzymedica Inc., Jarrow Formulas Inc., Garden of Life, Designs for Health Inc., Nature's Way Products LLC, Swanson Healthcare Products Inc., Irwins Natural, Integria Healthcare Pty Ltd., Integrative Therapeutics Inc., Premier Research Labs, Gaia Herbs Inc., Pure Encapsulations Inc., Solgar Inc., Renew Life, NutraBio, Nature's Bounty Inc., Nutralife Health Products Inc., Organifi, Terry Naturally Vitamins, Natures Craft, Source Naturals Inc., America's Finest Inc.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
The Archer-Daniels-Midland Company, Sanofi SA, Amway Corp., Balchem Corporation, Himalaya Wellness Company, NOW Foods Inc., Metagenics Inc., Aker BioMarine ASA, Enzymedica Inc., Jarrow Formulas Inc., Garden of Life, Designs for Health Inc., Nature's Way Products LLC, Swanson Healthcare Products Inc., Irwins Natural, Integria Healthcare Pty Ltd., Integrative Therapeutics Inc., Premier Research Labs, Gaia Herbs Inc., Pure Encapsulations Inc., Solgar Inc., Renew Life, NutraBio, Nature's Bounty Inc., Nutralife Health Products Inc., Organifi, Terry Naturally Vitamins, Natures Craft, Source Naturals Inc., America's Finest Inc.
Liver Health Supplements Market 2024 Key Insights:
• The liver health supplements market is expected to grow to$13.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Rising Global Alcohol Consumption Fuels Demand For Liver Health Supplements
• Market Leaders Introduce Breakthrough Products To Boost Liver Health
• Asia-Pacific was the largest region in the liver health supplements market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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