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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.
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.
Why are milk thistle capsules in high demand?
The capsules segment is set to cross USD 90 million by 2032, as it has both anti-inflammatory and antioxidant effects.
How much is the milk thistle market worth?
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.
Which companies are operating in the global milk thistle landscape?
Jarrow Formula, Inc., Puritan
Why is the APAC milk thistle industry expanding?
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.