The global liver health supplements market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing prevalence of liver diseases such as liver cancer, fatty liver disease, and others.
The liver is roughly the size of a football and is located on the right side under the lower ribs. It is responsible for a number of vital tasks. The liver is the body's largest organ and serves as a garbage collector. The liver absorbs all the pollutants in the body and breaks them down into little particles so that they may be released out of the body. It aids in the purification of blood by removing toxic substances produced by the body. It produces bile, a liquid that aids in the digestion of fat from diet. It also stores glucose, a type of sugar that provides a fast energy boost when the body need it.
Liver's health and proper function are essential for a healthy body. The number of people with chronic liver illnesses such as liver hepatitis, liver cirrhosis, and non-alcoholic fatty liver diseases is rising as a result of rising alcohol intake, declining food quality, and increased consumption of fast food. Healthy liver function is promoted by liver health supplements. Supplements for liver health are available in a variety of formats, including pills, soft gels, powder, and liquid. Liver health vitamins help your liver regenerate, cleanse, and recover. These supplements protect the liver against the adverse effects of alcohol, sugar, fat, and other pollutants. Furthermore, liver supplements increase liver function and health by stimulating the creation of new liver cells, detoxifying the liver, protecting liver cells from harm, and improving blood flow. Natural supplement manufacturers claim that their products will repair the liver and restore its natural function. They also promise that their products would boost your energy, protect your liver cells from harm, boost your immune system, and even enhance your mood. Milk thistle, artichoke leaf, and dandelion root are commonly used in liver health supplements. Consumption of liver health supplements is high when compared to other types of supplements.
Market Trends, Drivers, Restraints, and Opportunities
- Changing lifestyle and increased consumption of alcohol and fast-food leads to various liver related diseases are projected to drive the market growth during the forecast period.
- Increasing awareness among people regarding liver health and increasing demand dietary supplement are anticipated to propel the market growth in the coming years.
- Favorable initiatives by public and private institutes to spread awareness regarding the liver health is expected to boost the market growth during the forecast period.
- Growing geriatric population is expected to fuel the market expansion during the forecast period.
- High cost of product is anticipated to restrict the market growth during the forecast period.
- Increased emphasis on R&D by key players in the market for new product development for providing better liver health supplement and technological advancement are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the global liver health supplements market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Liver Health Supplements Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product (Vitamin & Minerals, Herbal Supplements, and Others), Dosage Form (Capsules, Tablets, Liquid, Powder, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Himalaya Herbal Healthcare; Natures Craft, Swisse; Thompson's (Integria Healthcare); Enzymedica; Nature's Bounty; Jarrow Formulas, Inc.; NOW Foods; Irwin’s Natural
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Market Segment Insights
Herbal supplements segment is expected to account for a key share of the market
Based on product, the liver health supplements market is segmented into vitamin & minerals, herbal supplements, and others. The herbal supplements segment is expected to account for a key share of the market during the forecast period owing to increasing awareness about the benefits of natural products in countries such as US and India. Herbal ingredients such as milk thistle, dandelion, artichoke leaf, turmeric, and mushrooms are commonly used in liver heath supplements. Milk thistle-based supplements are popular among customers because milk thistle has been proved to improve liver function. Mushroom-based supplements are also expected to continue to gain traction in terms of customer demand. Reishi and Chaga mushrooms are said to be excellent detoxifiers.
On the other hand, the vitamins & minerals segment is anticipated to expand at a rapid pace during the forecast period due to increasing adoption of a sedentary lifestyle, an increase in the intake of vitamin supplements to maintain physical health and wellness. Vitamins A, D, E, and B12 are proved to be beneficials for health of digestive organs.
Capsule segment is expected to represent for a key share of the market
Based on dosage form, the liver health supplements market is segmented into capsules, tablets, liquid, powder, and others. The capsule segment is expected to represent for a key share of the market during the forecast period owing to increasing awareness of advantage of capsule formulations. Capsules are a preferred dosage type because they allow the contents to combine in one dosage form. Capsules also protect the stomach lining from sensitive ingredients and minimize gastrointestinal irritation.
On the other hand, the powders segment is anticipated to expand at a rapid pace during the forecast period owing to its advantages such as rapid absorption and ease of administration. These supplements can be blended into drinks like smoothies. Himalaya Herbal Healthcare, for example, is working on creating these medications in powder dose form.
Tablets are preferred as a dose form because of its long shelf life. Many domestic and international companies are now creating liver supplements in the form of capsules and tablets.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the liver health supplements market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing disposable income, an increase in the frequency of digestive tract disorders, and increased awareness of nutritious products. Furthermore, the rising popularity of customized nutrition among consumers is expected to boost demand for liver health supplements in the region.
On the other hand, Europe is expected to exhibit a rapid growth rate in the coming years owing to increased vitamin product uptake, particularly among the working population. Over the forecast period, increased nutritional product consumption in countries such as Germany and the United Kingdom is expected to increase the adoption of liver health supplements.
Segments
Segments Covered in the Report
The global liver health supplements market has been segmented on the basis of
Product
- Vitamin & Minerals
- Herbal Supplements
- Others
Dosage Form
- Capsules
- Tablets
- Liquid
- Powder
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the liver health supplements market are Himalaya Herbal Healthcare; Natures Craft, Swisse; Thompson's (Integria Healthcare); Enzymedica; Nature's Bounty; Jarrow Formulas, Inc.; NOW Foods; and Irwin’s Natural.
Some of key business strategies for companies are mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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