Download Sample, Increasing Adoption of Herbal Supplements is Propelling the Market Forward
With the rising prevalence of chronic diseases, there is a significant demand on the market for natural and organic supplements. According to the National Library of Medicine, the number of individuals aged 50 and above in the United States will rise by 68.11% from 137.25 million in 2023 to 221.13 million in 2050. The number of people aged 50 and more who have at least one chronic condition is expected to rise by 99.5%, from over 71.522 million in 2023 to 142.66 million by 2050. As people become more aware of the negative effects of various pharmaceuticals, there is a growing market for ayurvedic treatments. Concerns about weight loss, diet plans and weight-loss drugs have bolstered an increase in demand for milk thistle supplement throughout the world. In response to weight lifters' rising demand for protein, the powdered form of milk thistle has gained in favour on the market over the last several years. Milk thistle is gaining popularity owing to its ability to decrease toxin build-up, support healthy cell growth and development and its potential for constant use. The growing trend of body detoxification and purification has enhanced market demand for milk thistles supplements.
However, the increasing number of liver diseases, particularly non-alcoholic fatty liver disease (NAFLD) and hepatitis, is greatly influencing the milk thistle market. For instance, as per National Institute of Health (NIH) Liver disease accounts for 2 million deaths annually and is responsible for 4% of all deaths accounted for 1 out of every 25 deaths worldwide. With the rise in prevalence of these conditions, people are increasingly relying on milk thistle supplements to help maintain liver health as a preventative and supportive measure. The increasing acknowledgement of milk thistle's possible advantages in cleansing and safeguarding the liver is driving this trend. As a result, the increasing attention on managing and preventing liver disease is growing the demand for milk thistle, as people look for natural solutions to add to their healthcare practices.
However, the increasing number of liver diseases, particularly non-alcoholic fatty liver disease (NAFLD) and hepatitis, is greatly influencing the milk thistle market. For instance, as per National Institute of Health (NIH) Liver disease accounts for 2 million deaths annually and is responsible for 4% of all deaths accounted for 1 out of every 25 deaths worldwide. With the rise in prevalence of these conditions, people are increasingly relying on milk thistle supplements to help maintain liver health as a preventative and supportive measure. The increasing acknowledgement of milk thistle's possible advantages in cleansing and safeguarding the liver is driving this trend. As a result, the increasing attention on managing and preventing liver disease is growing the demand for milk thistle, as people look for natural solutions to add to their healthcare practices.
Rising Awareness of Health Benefits of Milk Thistle Supplements Offers Lucrative Market Opportunity
Milk thistle extracts are widely utilized by the health care industry due to their numerous health advantages. Milk thistle extracts are also beneficial in the treatment of hepatitis C, liver cirrhosis and other liver diseases. Consumers choose milk thistle-based products since milk thistle has been showed to improve liver function. According to the National Centre for Biotechnology Information, liver disease kills around 2 million people globally each year, 1 million from cirrhosis complications and 1 million from viral hepatitis and hepatocellular cancer. Over 2 billion people globally drink alcohol and up to 75 million have alcohol use disorders and are at risk of alcohol-related liver damage.
Additionally, about 1 billion persons are obese or overweight and over 422 million are diabetic; both are major risk factor for non-alcoholic fatty liver disorder and hepatocellular cancer. Milk thistle is used to cure a wide range of liver diseases, including fatty liver disease, cirrhosis and hepatitis, as well as to protect the liver against environmental toxins, according to an article published in the National Library of Medicine. According to the same source, millions of people use milk thistle to keep their livers healthy. As a result, the milk thistle supplements market is expected to grow owing to an increase in the adoption and consumption of herbal supplements throughout the forecast period.
Additionally, about 1 billion persons are obese or overweight and over 422 million are diabetic; both are major risk factor for non-alcoholic fatty liver disorder and hepatocellular cancer. Milk thistle is used to cure a wide range of liver diseases, including fatty liver disease, cirrhosis and hepatitis, as well as to protect the liver against environmental toxins, according to an article published in the National Library of Medicine. According to the same source, millions of people use milk thistle to keep their livers healthy. As a result, the milk thistle supplements market is expected to grow owing to an increase in the adoption and consumption of herbal supplements throughout the forecast period.
Recent Trends in Milk Thistle Supplements Market:
- Growing awareness about liver health and the benefits of milk thistle supplements is driving demand.
- A shift towards preventive healthcare has led to more individuals incorporating milk thistle into their daily routines for their liver health.
- Milk thistle is increasingly included in functional foods and beverages, capitalizing on the trend of integrating health supplements into everyday nutrition.
- The market is seeing a diversification of product formats, including capsules, tablets, powders, and liquid extracts.
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Potential Milk Thistle Adverse Effects That Pose a Long-Term Risk to Market Participants
The possible negative effects of milk thistle could reduce its popularity in the market because of its gastrointestinal issues such as stomach pain, gas, bloating, and diarrhoea. Individuals may also face problems with their bowel movements and a loss of appetite, along with feeling discomfort or unpleasant sensations in the stomach. Moreover, people who are allergic to ragweed, marigolds, daisies, or chrysanthemums may experience increased sensitivity to milk thistle, leading to possible allergic responses. These complications not only make it harder to use, but also make consumers and healthcare providers more cautious, impacting market demand and acceptance overall.
Furthermore, milk thistle, famed for its ability to support the liver, may cause difficulties when taken with specific medications. Significantly, its effect on blood thinners like warfarin can change how well the medication works, potentially raising the chances of bleeding. Moreover, milk thistle can impact blood sugar levels, which can complicate its interaction with diabetes medications such as metformin, potentially causing unstable glucose regulation. Before adding milk thistle supplements to pateint’s routine, it is important to carefully consider and consult with healthcare professionals. These complications restrict its application for people taking these medications and highlight the importance of tailored medical guidance to prevent negative consequences.
Furthermore, milk thistle, famed for its ability to support the liver, may cause difficulties when taken with specific medications. Significantly, its effect on blood thinners like warfarin can change how well the medication works, potentially raising the chances of bleeding. Moreover, milk thistle can impact blood sugar levels, which can complicate its interaction with diabetes medications such as metformin, potentially causing unstable glucose regulation. Before adding milk thistle supplements to pateint’s routine, it is important to carefully consider and consult with healthcare professionals. These complications restrict its application for people taking these medications and highlight the importance of tailored medical guidance to prevent negative consequences.
New Product Innovation by Key Players Uplifts the Market Expansion
Innovation in the milk thistle market is crucial to overcome challenges related to adverse effects and drug interactions. Developing advanced formulations with improved bioavailability and minimal side effects can enhance consumer safety and efficacy. This innovation can attract health-conscious consumers and broaden market appeal, addressing gaps in current offerings. Embracing cutting-edge research and technology will not only address existing concerns but also drive growth and establish milk thistle as a leading option in liver health and wellness. For instance, in April 2024, Doctor’s Best Inc., a leading nutritional supplement company, announced the launch of two new products namnely, Glutathione + Milk Thistle with Setria and Boswellia + UC-II®.
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Use of Alternative & Complementary Medicines in The United States Propels the Industry Forward
One of the most popular herbal supplements in the United States is milk thistle. The rising frequency of liver diseases across the country has also boosted the market of milk thistle supplements. As reported by the American Liver Foundation, liver disease is the 12th largest cause of mortality in the United States and the number of individuals suffering from it is growing every year. Milk thistle is well-known for its hepatoprotective effects and is frequently suggested as a natural liver supplement. According to the Centers for Disease Control and Prevention, roughly 38% of individuals use complementary and alternative treatments. According to a Harvard Opinion Research Program poll, the majority of Americans frequently utilise nutritional supplements to improve their immune systems. The Food and Drug Administration, like other herbal ingredients, has not endorsed or suggested milk thistle as a therapy for any medical condition. There is currently no regulation of herbal products in the United States since they are not classified as pharmaceuticals and are not regulated by the US Food and Drug Administration. The increasing number of hepatitis, fatty liver disease and cancer cases in these countries has pushed consumers to look for herbal supplements, boosting market demand for milk thistle.
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The report provides a detailed overview of the milk thistle supplements market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for milk thistle supplements market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the milk thistle supplements market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the milk thistle supplements market. Some key country and region included in the milk thistle supplements market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Benelux, Nordic Region, Russia, Poland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, ASEAN, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Turkey, North Africa Countries, East Africa Countries, Rest of MEA |
Milk Thistle Supplements Market Research Report Covers In-depth Analysis on:
- Milk thistle supplements market detailed segments and segment-wise market breakdown
- Milk thistle supplements market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in milk thistle supplements industry)
- Current, historical and forthcoming 10 years market valuation in terms of milk thistle supplements market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Milk thistle supplements market demand analysis
- Milk thistle supplements market pricing analysis over forecast period (by key segment and by region)
- Milk thistle supplements market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in milk thistle supplements market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in milk thistle supplements market
- Milk thistle supplements market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on milk thistle supplements market forecast by countries
- Mergers and acquisitions in milk thistle supplements market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key drivers for the growth of the milk thistle supplements market?
Increasing awareness of liver health, a rise in preventive health measures and the growing preference for natural remedies are significant drivers of market growth.
What are the main challenges faced by the milk thistle supplements market?
Market challenges include regulatory hurdles, the need for standardization in product quality and competition from other herbal supplements.
Which regions are expected to see the highest growth in the milk thistle supplements market?
North America and Europe are anticipated to witness substantial growth due to high consumer awareness and increasing demand for natural health products.
