Milk Thistle Market (By Form: Capsule, Powder and Granules, Liquid Extract, Lubricating, Specialty Oils; By Distribution Channel: Pharmacy Stores, Hypermarkets/Supermarkets, Convenience Store, Online) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global milk thistle market size was valued at USD 98.58 million in 2023 and is anticipated to reach around USD 213.82 million by 2033, growing at a CAGR of 8.05% from 2024 to 2033.
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The Asia Pacific milk thistle market size was estimated at USD 34.50 million in 2023 and is projected to surpass around USD 75.91 million by 2033 at a CAGR of 8.20% from 2024 to 2033.
Asia-Pacific held a share of 35% in the milk thistle market in 2023 due to several factors. Firstly, traditional herbal medicine practices are deeply rooted in many countries within the region, leading to a higher demand for natural supplements like milk thistle. Additionally, rising awareness about the importance of liver health and increasing disposable incomes contribute to the market's growth. Moreover, the presence of key market players and favorable regulatory policies further boost the market in the Asia-Pacific region, solidifying its dominant position.
North America is experiencing rapid growth in the milk thistle market due to several factors. Firstly, increasing consumer awareness about liver health and the benefits of natural supplements drives demand. Secondly, the prevalence of liver disorders, such as non-alcoholic fatty liver disease (NAFLD) and hepatitis, is rising in the region, prompting individuals to seek preventive measures like milk thistle. Additionally, favorable regulatory environments and a robust healthcare infrastructure support the development and distribution of milk thistle products, further fueling market growth in North America.
Meanwhile, Europe is experiencing notable growth in the milk thistle market due to several factors. Increasing consumer awareness about liver health, coupled with a rising prevalence of liver diseases, drives demand for milk thistle supplements. Additionally, the region's aging population seeks natural remedies for age-related health issues, further boosting sales. Regulatory approvals and endorsements enhance consumer confidence while expanding distribution channels make milk thistle products more accessible. Moreover, Europe's rich tradition of herbal medicine and growing trend towards natural supplements contribute to the market's growth trajectory in the region.
Milk thistle, scientifically known as Silybum marianum, is a flowering herb native to regions of Europe and Asia. It has been used for centuries as a traditional remedy for various ailments. The plant's seeds contain a powerful antioxidant called silymarin, which is believed to have protective effects on the liver. Milk thistle is commonly used as a dietary supplement to support liver health and aid in detoxification processes. Research suggests that milk thistle may help protect the liver from damage caused by toxins, such as alcohol and certain medications. Additionally, it may assist in promoting liver regeneration and reducing inflammation. Milk thistle supplements are available in various forms, including capsules, extracts, and teas, and are often used by individuals seeking to maintain overall wellness and support their liver function.
Report Coverage | Details |
Growth Rate from 2024 to 2033 | CAGR of 8.05% |
Global Market Size in 2023 | USD 98.58 Million |
Global Market Size in 2024 | USD 106.52 Million |
Global Market Size by 2033 | USD 213.82 Million |
Largest Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Form and By Distribution Channel |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Growing trend towards natural and herbal supplements
The growing trend towards natural and herbal supplements plays a significant role in surging the market demand for milk thistle. As more people prioritize health and wellness, there's a shift towards seeking natural remedies to support their well-being. Milk thistle, known for its liver-protective properties, aligns well with this preference for natural solutions. Consumers perceive herbal supplements like milk thistle as safer and gentler alternatives to synthetic medications, further driving their popularity.
Moreover, the increasing distrust of synthetic pharmaceuticals and concerns about potential side effects contribute to the rising demand for herbal supplements. Milk thistle, with its long history of use in traditional medicine and growing body of scientific evidence supporting its efficacy, captures the attention of health-conscious consumers. As a result, the growing trend towards natural and herbal supplements serves as a key driver in boosting the market demand for milk thistle, as individuals seek effective and natural ways to promote liver health and overall wellness. Thereby, the growing trend towards natural and herbal supplements acts as a driver for the milk thistle market.
Restraint: Potential for herb-drug interactions
The potential for herb-drug interactions poses a significant restraint on the market demand for milk thistle. Since many individuals may be taking medications for various health conditions, there is concern about how milk thistle supplements could interact with these drugs. Such interactions can lead to adverse effects or reduce the effectiveness of medications, deterring consumers from using milk thistle products. Additionally, healthcare professionals may hesitate to recommend milk thistle to their patients due to these potential interactions, limiting its adoption. Concerns about safety and the need for caution when combining milk thistle with prescription medications can lead to hesitancy among consumers to use milk thistle supplements. As a result, despite the potential benefits of milk thistle for liver health, the fear of herb-drug interactions acts as a barrier to its widespread acceptance and hampers its market demand.
Opportunity: Customization of products to meet specific consumer needs
Customization of milk thistle products to meet specific consumer needs creates significant opportunities in the market. By tailoring formulations to address different health concerns or preferences, companies can appeal to a broader range of consumers. For example, some individuals may prefer vegan or gluten-free options, while others may seek higher potency or combination supplements with additional ingredients for enhanced benefits. Moreover, customization allows companies to cater to specific demographic groups or health conditions.
For instance, products designed specifically for older adults may focus on supporting liver health and cognitive function simultaneously. Similarly, formulations targeting individuals with existing liver conditions may include higher concentrations of active ingredients or additional supportive herbs. By offering personalized solutions, milk thistle manufacturers can better meet the diverse needs and preferences of consumers, ultimately driving sales and growth of the milk thistle market.
The powder and granules segment held the highest market share of 32% in 2023. In the milk thistle market, the powder and granules segment refers to milk thistle extracts processed into fine powder or granular form for consumption. This segment is witnessing growing demand due to its convenience and versatility in various applications, including dietary supplements, beverages, and culinary uses. Consumers appreciate the ease of incorporating powdered or granulated milk thistle into their daily routines, leading to an increasing trend toward the adoption of these forms in the market.
The lubricating segment is anticipated to witness rapid growth at a significant CAGR of 8.5% during the projected period. In the milk thistle market, the lubricating segment refers to products formulated in oil-based or liquid forms for easy ingestion. This segment caters to consumers who prefer liquid supplements for enhanced absorption and convenience. Trends in this segment include the development of flavored oil formulations to improve taste and appeal to a broader audience. Additionally, manufacturers are focusing on ensuring the purity and quality of oils used, such as cold-pressed or organic oils, to meet the growing demand for natural and high-quality supplements.
The hypermarkets/supermarkets segment has held a 44% market share in 2023. Hypermarkets/supermarkets refer to large retail stores offering a wide range of products under one roof, including groceries, household items, and health supplements like milk thistle. In the milk thistle market, this distribution channel allows for convenient access to a diverse customer base. The trend in hypermarkets/supermarkets includes increased shelf space for health and wellness products, including herbal supplements. Additionally, these stores often offer promotional discounts and bundle deals, attracting more consumers to purchase milk thistle supplements during their routine shopping trips.
The online segment is anticipated to witness rapid growth over the projected period. The online distribution channel in the milk thistle market refers to the sale of products through e-commerce platforms, company websites, and online retailers. This segment has seen significant growth due to its convenience, wide reach, and accessibility to consumers worldwide. Online platforms offer a diverse range of milk thistle products, allowing consumers to compare prices, read reviews, and make purchases conveniently from the comfort of their homes. As internet usage continues to rise, the online segment is expected to further expand in the milk thistle market.
Segments Covered in the Report
By Form
By Distribution Channel
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Milk Thistle Market
5.1. COVID-19 Landscape: Milk Thistle Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Milk Thistle Market, By Form
8.1. Milk Thistle Market Revenue and Volume, by Form, 2024-2033
8.1.1. Capsule
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Powder and Granules
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Liquid Extract
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Lubricating
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Specialty Oils
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Milk Thistle Market, By Distribution Channel
9.1. Milk Thistle Market Revenue and Volume, by Distribution Channel, 2024-2033
9.1.1. Pharmacy Stores
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Hypermarkets/Supermarkets
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Convenience Store
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
9.1.4. Online
9.1.4.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Milk Thistle Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.1.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.1.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.1.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.2.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.2.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.2.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.2.5.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.2.6.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.3.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.3.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.3.5.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.3.6.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.4.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.4.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.4.5.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.4.6.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.5.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.5.3.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Form (2021-2033)
10.5.4.2. Market Revenue and Volume Forecast, by Distribution Channel (2021-2033)
Chapter 11. Company Profiles
11.1. NOW Foods
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Gaia Herbs, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Nature's Bounty Co.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jarrow Formulas
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Solgar, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Swanson Health Products
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Puritan's Pride
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Nature's Way Products, LLC
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Nutrigold Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Oregon's Wild Harvest
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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