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Milk Thistle Market Size By Form (Capsule, Powder & Granule, Liquid Extract), By Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Pharmacy, Online) & Forecast, 2023 - 2032

  • Report ID: GMI5308
  • Published Date: Feb 2023
  • Report Format: PDF

Milk Thistle Market Size

Milk Thistle Market size exceeded USD 90 million in 2022 and is projected to observe around 8% CAGR from 2023 to 2032.
 

MilkThistle Market

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Growing cases of liver diseases and awareness about the medical benefits of milk thistle would drive the market growth. Milk thistle and its derivatives are used to cure liver-associated diseases like cirrhosis, jaundice, hepatitis, and gallbladder. It contains high levels of antioxidant and anti-inflammatory features. With factors like environmental pollutants, drug addiction, excessive alcohol consumption, viral infections, and autoimmune illnesses on a rise, the cases of toxic hepatitis would prevail in the coming years, driving milk thistle demand.  
 

Possible side effects of milk thistle may impede the market demand. Milk thistle may create abdominal discomfort, gas, bloating, diarrhea, and other gastrointestinal issues. Its oral ingestion has been linked to bowel irregularities, anorexia (lack of appetite), and unpleasant or uncomfortable stomach symptoms. People who are also allergic to marigolds, ragweed, daisies, and chrysanthemums are particularly susceptible to milk thistle allergic responses. 
 

Milk Thistle Market Analysis

Milk Thistle Market Size By Distribution channel 

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The milk thistle market share from supermarkets/hypermarkets distribution channel segment is anticipated to cross USD 90 million by 2032. Presence of well-trained personnel that assist customers in meeting their needs and wide product availability will contribute to this growth. Supermarkets and hypermarkets gather a range of products from multiple suppliers. Rising number of supermarket stores across urban localities would boost product reach in the ensuing years. According to estimates, in 2023, there were around 63,348 Supermarkets & Grocery Stores in the US.
 

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of milk thistle was valued at nearly USD 90 million in 2022 and is projected to observe around 8% CAGR from 2023 to 2032.
The capsules segment is set to cross USD 90 million by 2032, as it has both anti-inflammatory and antioxidant effects.
The market size for milk thistle in Asia Pacific is projected to witness over 9% CAGR till 2032, as it is product is highly used in traditional Chinese medicines.
Jarrow Formula, Inc., Puritan’s Pride, Blackmores Limited, Swanson Health Products, Nature’s Bounty Co, and SolgarInc are some of the key players in the market.

Milk Thistle Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 325
  • Countries covered: 21
  • Pages: 350
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