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U.S Milk Thistle Supplements Market to Account for 26% of the Global Market Revenue, Finds Fact.MR
Fact.MR's latest report on the milk thistle supplements market offers 10-year forecast through 2022 & beyond. The report explicates on vital dynamics, such as drivers, restraints and emerging opportunities shaping the market dynamics. To present the information in a more vivid manner, the report has been segmented in terms of form, sales channel and region.
NEW YORK , Jan. 18, 2022 /PRNewswire/ -- According to the report, the milk thistle supplements market is expected to reach US$ 103.14 million by 2022. By the conclusion of the assessment period 2022-2032, the global industry is anticipated to be worth US$ 204 Mn .
During the COVID-19 outbreak, rising demand for immunity booster herbs and supplements boosted the market for milk thistle. The global market for capsule supplements is expected to rise in the future due to the rising popularity of diabetic treatments. As a result, the milk thistle supplements market is expected to grow at a 7.06% CAGR from 2022 to 2032.
Several new businesses are projected to enter the market for milk thistle supplements as people's taste for botanical goods grows. Milk thistle extracts have become one of the most popular options for meeting the market's increasing desire for natural and effective skincare products. Consumer desire for anti-aging and anti-inflammatory benefits has pushed milk thistle to the top of the market.
In the United States , milk thistle supplements are one of the most popular herbal products. Milk thistle sales climbed by 14% in 2000, to US$ 8.9 million . In the United States , milk thistle is available as a dietary supplement.
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The Centers for Disease Control and Prevention USA reports that 52 million Americans (40% of adults) use complementary and alternative medicines. According to a Harvard Opinion Research Program poll, the majority of Americans take dietary supplements to enhance their immune systems on a daily basis.
Projected Market Forecast Value by 2031
Market Share of the U.S.
According to the World Health Organization, approximately two-third of the population in developing nations uses herbal medicine for some part of health care. All indigenous medical systems, as well as Ayurvedic, homoeopathic, naturopathic, traditional oriental, Chinese, and traditional Native American Indian systems, use herbs.
Milk thistle is in high demand due to the increased popularity of ayurveda facilities and traditional practices. The continued rise in ayurvedic tea use in these areas has boosted demand for milk thistle extracts on the market.
"In the future, demand for milk thistle is anticipated to grow further as consumers are increasingly concerned about the prospect of aging and the chronic issues that may arise," says a Fact.MR analyst.
There can be adverse effects if proper dose, particular preparations or additional herbal ingredients are not checked.
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Strategic relationships with consumers can help manufacturers increase sales and market share. End-users will be able to benefit from natural products as a result of the introduction of new products and technology. The corporation can boost its production capacity by entering a strategic partnership.
Some of the prominent players operating in the milk thistle supplements market profiled by Fact.MR are:
More Valuable Insights on Milk Thistle Supplements Market
Fact.MR provides an unbiased analysis of the milk thistle supplements market, presenting forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global milk thistle supplements market with a detailed segmentation on the basis of:
Key Questions Covered in Milk Thistle Supplements Market Report
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