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Prominent participants operating across the milk thistle market include
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.
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.