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Milk Thistle Market Share

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

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Milk Thistle Market Share

Prominent participants operating across the milk thistle market include

Jarrow Formula, Inc.
Puritan’s Pride
Blackmores Limited
Swanson Health Products
Nature’s Bounty Co
SolgarInc
Swisse
NOW Foods
Amway Corp.
21st Century Healthcare Inc

Innovative product launches, strategic partnerships, and much more influence are some of the initiatives used by some of these companies. For instance, in August 2021, Nestle Health Science finalized the acquisition of Solgar Inc., Puritan's Pride, and Nature's Bounty Co. This agreement solidified Nestle's position as a market leader in the VMHS sector and strengthened its hold on the market.

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.