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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.
The milk thistle market from the capsules segment is expected to surpass USD 90 million by 2032. Milk thistle in capsules form has both anti-inflammatory and antioxidant effects in equal measures. The usage of capsules is more prevalent among consumers compared to powdered form due to its ease of consumption. Other factors like its high vitamin E and C content, has also driven the industry demand.
The COVID-19 pandemic created boosted the demand for medicines that have immunity-boosting properties. Milk thistle supplements include paracetamol-like qualities in addition to other immune-stimulating qualities. It is also gaining popularity as a potential drug to help treat and manage diabetes. According to medical research, milk thistle, when taken in combined with traditional treatment, can improve diabetes. It is also suggested that people with type-2 diabetes can use milk thistle to lower their blood sugar levels.
Asia Pacific milk thistle market size is predicted to record more than 9% CAGR during the forecast timeline, as it is highly used in traditional Chinese medicines to relieve heat and toxicity in the body and also regulate the flow of Qi (life force) in the liver. Typically, milk thistle is used to address issues with the gallbladder and the liver. It has long been employed to dispel heat, eliminate toxins, relax the liver, and increase bile production. Milk thistle also contains glutathione, a strong antioxidant that is naturally created by the body and aids in disease prevention and liver detoxification.
The capsules segment is set to cross USD 90 million by 2032, as it has both anti-inflammatory and antioxidant effects.
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.
Jarrow Formula, Inc., Puritan
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.