Press release
Milk Thistle Products Market Growth Accelerates: Strategic Forecast Predicts $1.37 Billion by 2029
Milk Thistle Products Market
How Large Will the Milk Thistle Products Market Size By 2025?
The market size for milk thistle products has seen a swift escalation in recent times. It is projected to surge from $0.84 billion in 2024 reaching up to $0.93 billion in 2025 with a compound annual growth rate (CAGR) of 10.4%. A few factors contributing to this historic growth include a rise in consumer inclination towards natural and herbal supplements, an increase in liver disease instances, enhanced demand for detox and wellness commodities, expansion in the nutraceutical and dietary supplement* industry, and an upswing in the popularity of functional beverages and herbal teas.
How Big Is the Milk Thistle Products Market Size Expected to Grow by 2029?
The market size of milk thistle products is anticipated to undergo swift expansion in the upcoming years, reaching a value of $1.37 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 10.1%. This escalation during the prediction period is associated with the growth in the elderly population and related health issues, amplification in clinical studies and scientific authentication, proliferation of online trading and supplement sales, heightened health awareness and prophylactic health measures, and heightened demand for organic and non-GM herb products. Key trends during this predicted period would include progression in extraction methodologies, incorporation of milk thistle into individualized nutrition plans, application of technology in farming and sustainable procurements, progress in nanoencapsulation enhancing bioavailability, and breakthroughs in clinical studies and digital experimentations.
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Which Key Market Drivers Powering Milk Thistle Products Market Expansion and Growth?
The growth of the market is being fueled by the rising prevalence of liver diseases due to an increased demand for natural hepatoprotective remedies.
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What Are the Key Trends Driving Milk Thistle Products Market Growth?
In the milk thistle products market, leading businesses are prioritizing the development of innovative items like regulatory antioxidants to bolster the body's natural protection against oxidative stress. Regulatory antioxidants are elements that manage oxidative stress by maintaining the balance of free radicals and safeguarding standard cell functions. In April 2024, US-based nutritional supplement firm, Doctor's Best Inc., introduced Glutathione + Milk Thistle. This supplement merges Setria glutathione, a clinically approved form identified as boosting the body's primary regulatory antioxidant, with milk thistle extract, delivering silymarin to improve liver's cysteine level and stimulate natural glutathione manufacturing. Selenium is also present, playing a critical role in letting glutathione aid detoxification, energy production, and other critical functions. These elements combined enhance liver health and fortify the organism's antioxidant defense mechanism.
What Are the Emerging Segments in the Milk Thistle Products Market?
The milk thistle products market covered in this report is segmented
1) By Product Type: Milk Thistle Extract, Milk Thistle Supplements, Milk Thistle Tea, Milk Thistle Oil, Milk Thistle Seeds
2) By By Form Type: Capsules, Tablets, Powder, Liquid Extract, Tea Bags
3) By Application Type: Liver Health, Antioxidant Support, Skin Health, Cardiovascular Health, Detoxification
4) By Distribution Channel: Online Stores, Pharmacies, Health Food Stores, Hospitals, Clinics
Subsegments:
1) By Milk Thistle Extract: Standardized Extract, Liquid Extract, Powdered Extract, Softgel Extract
2) By Milk Thistle Supplements: Capsules, Tablets, Softgels, Gummie*s
3) By Milk Thistle Tea: Pure Milk Thistle Tea, Blended Herbal Tea, Loose Leaf Tea, Tea Bags
4) By Milk Thistle Oil: Cold-Pressed Oil, Organic Oil, Blended Oil
5) By Milk Thistle Seeds: Whole Seeds, Ground Or Powdered Seeds
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Who Are the Global Leaders in the Milk Thistle Products Market?
Major companies operating in the milk thistle products market are Merck KGaA, Dermapharm Group, Now Foods, Life Extension, Botanic Healthcare Pvt. Ltd., Frontier Co-op, Swisse, Indena S.p.A, Bio-Botanica Inc., Naturalin Bio-Resources Co. Ltd., Alchem International Pvt. Ltd., Finzelberg GmbH & Co. KG, Bronson, Plamed Green Science Group, Nutra Green Biotechnology Co. Ltd., Puritan's Pride, Shaanxi Jiahe Phytochem Co. Ltd., Green Spring Technology Co. Ltd., Herbo Nutra Extract Pvt. Ltd., and Native Extracts Pty Ltd.
Which are the Top Profitable Regional Markets for the Milk Thistle Products Industry?
North America was the largest region in the milk thistle products market in 2024. South America is expected to be the fastest-growing region in the forecast period. The regions covered in milk thistle products report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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