Global Liver Health Supplements Market- Description
Liver is regarded as one of the vital organs of the human body. Its primary function is to metabolize the toxins transferred into the body in the form of food or drinks, which is then released outside via the excretory system. It is quite crucial for every individual to take care of the liver. This has pushed pharmaceutical and nutraceutical manufacturers to develop efficient liver supplements. These supplements can be in the form of drinks, capsules, powders, or bars that are equipped with the ability to protect the liver from the harmful effects of alcohol, sugar, trans-fat, and excessive spices, among others. Moreover, liver supplements also accelerate the growth of new liver cells and enhance blood flow into the organ.
Global Liver Health Supplements Market- Overview
The global liver health supplements market is presently worth USD 9.4 billion and is poised to amplify at a CAGR of 5.6% over 2022-2030, thereby amassing USD 14.7 billion by end of the assessment timeline.
The growing adoption of unhealthy eating habits, rising instances of sedentary lifestyle, and increasing prevalence of liver diseases across the globe are primarily augmenting the outlook of this marketplace.
Furthermore, rising health cognizance of individual, the booming nutraceutical and biopharmaceutical sectors along with growing R&D activities in the field are creating lucrative opportunities for the industry vertical to prosper.
Also, increasing consumption of ready to eat and junk food owing to the busy lifestyle of the masses is adding momentum to the development of this business sphere.
Additionally, surge in the geriatric population base and rising healthcare expenditure worldwide are stimulating the overall dynamics of this industry.
On the contrary, potential side effects associated with the regular consumption of these supplements is hindering the remuneration scope of this marketplace.
Global Liver Health Supplements Market- Key trends
Changing lifestyle trends of individuals to bolster market growth
With rapid urbanization and industrialization have shifted the masses towards a sedentary lifestyle. Most of the individuals struggle with striking a proper work-life balance which in turn leaves them with no time to take care of their health. Due to hectic work schedules people have switched to ready to eat and junk food as a part of their regular diet. This in turn is having an adverse impact on the liver. This in turn is elevating the demand for efficient liver health supplements across the globe.
Growing popularity of organic health supplements to accelerate industry expansion
There has been a rising popularity or organic or herbal health supplements since they are highly beneficial and safe in nature. This has pushed the manufacturers to develop effective liver supplements using herbal ingredients such as turmeric, dandelion, artichoke leaf, and milk thistle, among others. These factors are positively swaying the dynamics of this market vertical.
Global Liver Health Supplements Market- Segmental assessment
By Form
Dry
Tablet
Powder
Liquid
By Nature
Organic
Conventional
The organic segment is poised to amass notable gains over the stipulated timeline due to the growing health and environment cognizance of the masses.
By Source
Vitamins
Minerals
Botanicals
Others
By End User
Human Nutrition
Animal Nutrition
By Distribution Channel
Online Retailers
Specialty Stores
Supermarkets/Hypermarkets
Global Liver Health Supplements Market- Geographical landscape
The primary regions constituting the geographical ambit of this business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share over the forecast duration of 2022-2030. This is attributable to the growing alcohol consumption in the region and rising pervasiveness of chronic liver diseases.
Global Liver Health Supplements Market- Competitive hierarchy
The prominent players defining the competitive terrain of this business vertical are NUTRALife, Himalaya Herbal Healthcare, Enzymedica, Gaia Herbs, Thompson's (Integria Healthcare), Jarrow Formulas, Inc., NOW Foods, Swanson Health Products, Nature's Way, Nature's Bounty, and Irwins Natural.
Notably, in March 2017, Gaia Herbs announced the launch of its herbal liver health supplements range named Mushroom ++Herbs Collection.
Report scope
Global Liver Health Supplements Market: Historical Trends- 2018-2021
Global Liver Health Supplements Market: Forecast Years- 2022-2030
Global Liver Health Supplements Market 2022- USD 9.4 billion
Global Liver Health Supplements Market CAGR- 5.6%
Global Liver Health Supplements Market 2030- USD 14.7 billion
Key segments covered-
By Form (Dry, Tablet, Powder, and Liquid)
By Nature (Organic and Conventional)
By Source (Vitamins, Minerals, Botanicals, and Others)
By End User (Human Nutrition and Animal Nutrition)
By Distribution Channel (Online Retailers, Specialty Stores, and Supermarkets/Hypermarkets)
Major regions and countries reported-
North America (US, Canada, Rest of North America)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, South East Asia and Rest of Asia Pacific)
Latin America (Brazil, Argentina and Rest of Latin America)
Middle East and Africa (GCC countries, South Africa and Rest of Middle East and Africa)
Top players profiled- NUTRALife, Himalaya Herbal Healthcare, Enzymedica, Gaia Herbs, Thompson's (Integria Healthcare), Jarrow Formulas, Inc., NOW Foods, Swanson Health Products, Nature's Way, Nature's Bounty, and Irwins Natural.
