Liver Health Supplements Market Trends
Overview and Scope
Liver health supplements refer to a category of dietary supplements that are designed to support and promote the health and functioning of the liver. Its purpose is to improve liver function and health by assisting the liver’s natural detoxifying mechanisms.
Sizing and Forecast
The liver health supplements market size has grown strongly in recent years. It will grow from $10.1 billion in 2023 to $10.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to rising prevalence of liver diseases, growing awareness of the importance of liver health, aging population, diet and lifestyle.
The liver health supplements market size is expected to see strong growth in the next few years. It will grow to $13.14 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing popularity of self-care, non-alcoholic fatty liver disease, personalized nutrition, increasing popularity of e-commerce, holistic health approach. Major trends in the forecast period include advancements in liver health supplement research and development, natural and herbal ingredients, clinical research and transparency, detoxification products, nutraceutical innovation.
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Segmentation & Regional Insights
The liver health supplements market covered in this report is segmented –
1) By Product: Vitamin And Minerals; Herbal Supplements; Other Products
2) By Nature: Organic; Conventional
3) By Form: Dry; Tablets; Powder; Liquid
4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
Asia-Pacific was the largest region in the liver health supplements market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in liver health supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising consumption of alcohol is expected to propel the growth of the liver health supplements market going forward. Consumption of alcohol refers to the practice of consuming alcoholic beverages, which include the active element ethanol. Liver health supplements can be helpful for people with high alcohol consumption by providing support to the liver, which is responsible for removing toxins from the body. Supplements containing ingredients such as milk thistle, dandelion root and kudzu root can help support liver function by promoting detoxification and reducing inflammation. For instance, in December 2022, according to a report published by Kirin Holdings Company Limited, a Japan-based beverages company, about 185.60 million kiloliters of beer were consumed worldwide in 2021, a rise of 4.0% from the previous year. Therefore, the rising consumption of alcohol is driving the growth of the liver health supplements market.
Key Industry Players
Major players in the liver health supplements market are The Archer-Daniels-Midland Company, Sanofi SA, Amway Corp., Balchem Corporation, Himalaya Wellness Company, NOW Foods Inc., Metagenics Inc., Aker BioMarine ASA, Enzymedica Inc., Jarrow Formulas Inc., Garden of Life, Designs for Health Inc., Nature’s Way Products LLC, Swanson Healthcare Products Inc., Irwins Natural, Integria Healthcare Pty Ltd., Integrative Therapeutics Inc., Premier Research Labs, Gaia Herbs Inc., Pure Encapsulations Inc., Solgar Inc., Renew Life, NutraBio, Nature’s Bounty Inc., Nutralife Health Products Inc., Organifi, Terry Naturally Vitamins, Natures Craft, Source Naturals Inc., America’s Finest Inc.
The liver health supplements market report table of contents includes:
1. Executive Summary
2. Liver Health Supplements Market Characteristics
3. Liver Health Supplements Market Trends And Strategies
4. Liver Health Supplements Market – Macro Economic Scenario
5. Global Liver Health Supplements Market Size and Growth
…..
32. Global Liver Health Supplements Market Competitive Benchmarking
33. Global Liver Health Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Liver Health Supplements Market
35. Liver Health Supplements Market Future Outlook and Potential Analysis
36. Appendix
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