The global demand for Milk Thistle Extract Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Milk Thistle is a herbal plant that is generally found in North America and Europe. Milk thistle is also identified as silymarin. It is using to detoxify and protect from various liver disorders. Milk thistle extract is used to produce medicines. It is used to heal liver damage caused by Amanita phalloides, mushroom poisoning, and hepatitis C. Milk thistle extract is also utilized as a component in a supplement such as weight loss. Also, milk thistle extracts helpful in controlling diabetes, depression, high cholesterol, and menopausal symptoms.
The growth prospects in the food industry is a significant factor which is anticipated to drive the market. Rising cases of various cancer and help prevent Alzheimer’s disease, which is expected to bolster the milk thistle extract market's growth. The demand for an anti-aging cream is expected to boost the milk thistle extract market as antioxidants present in the extract help prevent free radical damage of the body. Furthermore, it contains flavonoids, which maintain the level of bad cholesterol low; these factors are also going to drive the market to a great extent in the forecast period. Moreover, the market is also driven by rising awareness among the consumers about the health benefits associated with milk thistle extract.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of milk thistle extract.
The entire milk thistle extract market has been sub-categorized into form, distribution channel and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Convenience Stores
- Online Stores
- Food Industry
- Cosmetic Industry
- Pharmaceutical Industry
This section covers regional segmentation which accentuates on current and future demand for milk thistle extract market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Milk Thistle Extract Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the milk thistle extract market include Thompsons, Puritan's Pride, Swanson Health Products, Sundown Naturals, Solgar, Nature, Made, Nature’s Bounty, Jarrow Formula, Good 'N Natural, Blackmores, 1st Century, Solaray. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.