Oct 6, 2020 12:50 PM ET
iCrowd Newswire – Oct 6, 2020
Zion Market Research has published a new report titled “Liver Health Supplements Market by Product (Vitamins & Minerals, Botanicals, and Others), by Nature (Organic, and Conventional), by Form (Liquid, and Dry), and by Distribution Channel (Online Retailers, Supermarkets/ Hypermarkets, and Specialty Stores): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”. According to the report, global demand for liver health supplements market was valued at approximately USD 707.3 million in 2018, and is expected to generate revenue of USD 962.5 million by end of 2025, growing at a CAGR of 4.5% between 2019 and 2025.
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Liver functionality and its health is very important for healthy functioning of the body. It is the largest internal organ of the body that collects toxins and breaks them down to release those out of the body. Due to low food quality, increased alcohol and fast food consumption chronic liver diseases like liver cirrhosis, non-alcoholic fatty liver diseases, liver hepatitis, etc. occur commonly due to which liver health supplements consumption has increased recently.
Increased alcohol consumption has resulted in many health issues, including liver problems. Besides, increased usage of chemical fertilizers, decreased quality of food, and adulteration of food products has majorly affected the liver functioning which has further propelled the market growth for liver health supplements. Moreover, various programs initiated by government and private bodies for betterment of malnourished population across under developed countries has also further driven consumers towards healthy supplement products like liver health supplements.
The liver health supplements market is segmented based on nature, product, distribution channel, form, and regions. Based on product the market is segmented into botanicals, vitamins & minerals, and others. The segment for herbal or botanicals supplements held major share of the market as these contain herbal ingredients like milk thistle, artichoke leaf, dandelion, turmeric, and mushrooms that are widely adopted for liver health. Among these, milk thistle-based supplements are widely used by consumers as these have proved to be beneficial for liver health. Besides, increasing awareness and benefits about natural products in countries like India, and U.S. are also supporting segmental growth. Based on nature the market is segmented into conventional, and organic. The segment for organic supplements is likely to grow at high CAGR in the forecast period. Mushroom based supplements are also gaining momentum in terms of demand among consumers.
Based on form the market is segmented into liquid, and dry. The segment for dry form supplements held dominant position of the market in 2018, however the segment for liquid supplements is likely to showcase high growth rate in the forecast period. Currently, international and domestic brands are developing liver supplements in the form of tablets and capsules. Besides, liquid supplements are also gaining traction among the children suffering from digestive system disorders. Based on distribution channel the market is segmented into supermarkets/ hypermarkets, specialty stores, and online retailers. The segment for online retailers is likely to showcase high growth rate in the forecast period.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries. Europe and North America combinedly held dominant position of the market in 2018 owing to rising consumption of nutritional food products in countries like U.K., Germany, and U.S. Moreover, growing adoption of vitamin products among working population has also strongly impacted the regional market growth.
Some of the players in the market for liver health supplements include Natures Craft, Enzymedica, Irwin’s Natural, NOW Foods, Thompson’s (Integria Healthcare), Jarrow Formulas, Swisse, Nature’s Bounty, NUTRALife, Gaia Herbs, and Himalaya Herbal Healthcare.
This report segments the global liver health supplements market as follows:
Global Liver Health Supplements Market: Product Segment Analysis
- Vitamins & Minerals
Global Liver Health Supplements Market: Nature Segment Analysis
Global Liver Health Supplements Market: Form Segment Analysis
Global Liver Health Supplements Market: Distribution Channel Segment Analysis
- Online Retailers
- Supermarkets/ Hypermarkets
- Specialty Stores
Global Liver Health Supplements Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
To view TOC of this report is available upon request @ https://www.zionmarketresearch.com/toc/liver-health-supplements-market
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Keywords: Liver Health Supplements Market