Liver Health Supplements Market Size Expands at CAGR of 5.56% to Cross USD 1.2 Billion by 2030
Liver Health Supplements Market is flourishing due to the growing focus on the treatment and management of rising prevalence of liver diseases and increasing awareness about liver health.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Liver Health Supplements Market size at USD 868.45 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Liver Health Supplements Market size to expand at a CAGR of 5.56% reaching a value of USD 1,201.23 million by 2030. The growth of Global Liver Health Supplements Market is propelled by rising incidences of liver ailments. It is attributed to the escalating intake of alcohol and fast food. As a result of the growing unhealthy trend, the sales of liver health supplements are expected to rise significantly during the forecast period. Another market driver is the increasing trend towards the use of liver health supplements containing herbal components like turmeric, milk thistle, mushrooms, artichoke leaf, and dandelion is anticipated to significantly boost the demand for such products in the coming years. The growing preference for supplements centered around milk thistle is noteworthy, as consumers recognize their capacity to repair cells and alleviate symptoms associated with liver conditions, including cancer, cirrhosis, and jaundice. This adoption is expected to contribute to the overall growth of the market. The global market is expected to further expand due to growing awareness about the availability of health supplements and growing concerns about liver diseases. Also, the market is likely to be positively influenced by the rising prevalence of obesity and the increased incidence of fatty liver disease. These factors contribute to a comprehensive outlook for market growth and highlight the importance of liver health supplements in addressing contemporary health challenges.
Opportunity - Growing availability of liver health supplements
The surge in supplement research and development is set to drive the market growth. Key players' recent launches, like Amsety's Super 16, a product with a proprietary blend of 16 vitamins and minerals for liver health, showcase advanced benefits. Livewell Products' drinkSMART, a hangover and liver supplement, and Gaia Herbs' Mushroom Plus line demonstrate the industry's commitment to innovation. Rising liver diseases, indicated by a CDC study citing 4.5 million diagnosed adults in 2018, propel preventive measures and supplement consumption. Concerns for quality of life and the high incidence of liver-related diseases further boost the demand for liver health supplements, positioning the market for substantial growth.
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Impact of Geopolitical Tensions on Global Liver Health Supplements Market
The Global Liver Health Supplements Market faces the reverberations of geopolitical tensions, prominently affecting trade dynamics between the United States and China. As tariff threats escalate into a trade war, the repercussions extend to various sectors, including liver health supplements. With up to 90% of United States-manufactured dietary supplement ingredients originating from China, the liver health supplements market encounters challenges due to heightened trade tensions. Specific ingredients, such as CoQ10, navigate tariff uncertainties, but the broader industry remains on alert. Potential consequences include increased costs, impacting both United States and Chinese consumers, and potential shifts in consumer preferences. As the trade war unfolds, the Global Liver Health Supplements Market braces for continued challenges, emphasizing the need for mutually beneficial resolutions between countries.
Global Liver Health Supplements Market
Segmental Information
Global Liver Health Supplements Market – By Distribution Channel
On the basis of distribution channel, the Global Liver Health Supplements Market is segmented into E-commerce, Drug Store & Pharmacies, and Supermarkets & Hypermarkets segments. The drug store & pharmacies segment holds the highest share in the Global Liver Health Supplements Market by distribution channel. Conventional distribution channels, such as drug stores and pharmacies, have a firmly established presence, acting as reliable sources for health-related products. These retail outlets provide expert guidance from pharmacists, instilling consumer confidence in the purchase of supplements from reputable brands. Meanwhile, the e-commerce segment is expected to witness the fastest growth rate during the forecast period. The swift expansion of e-commerce has transformed the supplement industry, ensuring easy access to liver health supplements for a global clientele. Online platforms offer an extensive array of products, user reviews, and the convenience of doorstep delivery, appealing to tech-savvy consumers in search of streamlined and hassle-free purchasing experiences.
Global Liver Health Supplements Market – By Region
The in-depth research report on the Global Liver Health Supplements Market covers various the market in a number of countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia Pacific region is expected to hold the highest share in the Global Liver Health Supplements Market during the forecast period. It can be attributed to burgeoning health-conscious population, heightened awareness of liver-related health concerns, and a robust dietary supplement industry. Within the region, consumers are actively pursuing preventive healthcare solutions, resulting in an increased demand for these supplements. The existence of reputable health and wellness brands and stringent regulatory standards further fosters consumer trust in these products, thereby catalyzing the growth of the market.
Competitive Landscape
The Global Liver Health Supplements Market is fragmented, with numerous players serving the market. The key players dominating the Global Liver Health Supplements Market include Himalaya Herbal Healthcare, Natures Craft Swisse, Thompson's, Enzymedica, Nature's Bounty, Jarrow Formulas, Inc., NOW Foods, AKER Biomarine, Gaia Herbs, and NUTRALife. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Liver Health Supplements Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Liver Health Supplements Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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