Global Liver Health Supplements Market Expected To Reach USD 962.5 Million By 2025 – ZMR
According to the report, global demand for liver health supplements market was valued at 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
Within our body, the biggest internal organ is Liver and it functions as a garbage collector. To put it simply, it gathers all the toxins existing within the body and disintegrates them to discard them off the body. For healthily body function, the health and functionality of liver is imperative. Owing to the deteriorated quality of food and escalated consumption of alcohol & fast food globally, chronic liver diseases like liver hepatitis, liver cirrhosis, non-alcoholic fatty liver diseases, and so on are occurring prevalently. Among all health supplements, in past few years, the growth rate of liver health supplements consumption has been witnessing increasing trend. In market, the liver health supplements are accessible in the form of tablet, powder, soft gels, and liquid.
The key factors driving the growth of the global liver health supplements market include the increasing incidence of chronic liver diseases on account of growing unhealthy dietary habits and alcohol consumption among people. Moreover, the rising elderly population, recent inventions in liver healthcare, and the increasing shift toward espousing a healthy lifestyle are other factors anticipated to fuel the global market growth during the forecast period. Further, initiatives take up by the government to encourage good health and the rising cognizance regarding need of good liver health will drive the global liver health supplements market growth in the years to come. In addition, the rise in digit of liver supplements launches by the producers is also increasing the accessibility and availability of liver health supplements.
The global liver health supplements market is divided based on type, distribution channel, product, and region. the market, on the basis of type, is categorized into prescribed and over-the-counter (OTC). The market, on the basis of distribution channel, is segregated into drug stores & pharmacies, supermarkets/hypermarkets/food stores, e-commerce, convenience stores, and others. The global liver health supplements market, on the basis of product, is categorized into herbal supplements, vitamins & minerals, and others. Among these, the vitamins & minerals segment is projected to govern the global market due to the rising shift toward cleaning and detoxing of vital body organs, increasing funding by companies in medical foods, and wide-ranging marketing & promotional activities by firms. In addition, a rise in need for vitamins & minerals for critical care unit patients has been witnessed further fueling the segmental growth.
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Regionally, Asia Pacific held the biggest share in the global liver health supplements market in terms of revenue in 2018. The regional expansion can be credited to factors such as the mounting occurrence of digestive tract diseases, rising disposable income, and growing cognizance regarding nutritional products. Further, the rising recognition of personalized nutrition among people is anticipated to fuel the market growth in this region during the forecast period. likewise, in Europe, the growing intake of nutritional products in nations, such as the UK and Germany, is projected to encourage the use of liver health supplements thereby driving the market growth in this region.
The major players functional in the global liver health supplements market include Natures Craft, Swisse; Himalaya Herbal Healthcare; Enzymedica; Thompson’s (Integria Healthcare); Jarrow Formulas, Inc.; Nature’s Bounty; Irwin’s Natural; NOW Foods; NUTRALife; and Gaia Herbs, among others.
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- CDN Newswire