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Milk Thistle Extracts Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-10-23   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8178 |  Industry: Chemical & Material  |   Format : pdf word ppt excel



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The global milk thistle extracts market is expected to achieve growth because of high demand from herbal medicine companies. Manufacturers are anticipated to operate in a concentrated competitive landscape. According to market analysts, Euromed, Indena, and Martin Bauer could be among top players of the global milk thistle extracts market in terms of production. Manufacturers are predicted to open new production and research and development facilities to attain a position of strength in the global milk thistle extracts market.

In September 2019, Martin Bauer Group, a German manufacturer of teas, extracts, and botanicals for the food, beverage, and dietary supplement industries, opened a new application lab in the US. The lab will help the company to create botanical and tea-based food and beverage concepts. In addition, it will serve as the company’s creation center.

Market Segments

By Product Type

  >80% Extract

 80% Extract

 Low Concentration Product

By Application

 Pharmaceuticals

 Healthcare

 Food and Cosmetics

 Others

The report offers a comprehensive, research-based study on key product type segments of the global milk thistle extracts market, such as 80% extract, >80% extract, and low concentration product. Milk thistle extracts with 80% silymarin could be a standard type of products sold by manufacturers. The report also includes a deep segmental study on important applications of milk thistle extracts, viz. food and cosmetics, healthcare, pharmaceuticals, and others. According to market experts, pharmaceuticals is expected to account for a significant share of the global milk thistle extracts market, followed by food and cosmetics. Milk thistle extracts could help to reduce symptoms of liver disease.

Milk Thistle Extracts Market

High Use of Milk Thistle Extracts in Liver Damage Reduction Therapy Expected to Boost Demand

The demand for milk thistle extracts is expected to improve due to increasing awareness about their health benefits. Milk thistle extracts could help the liver to repair itself as they improve the rate of protein synthesis in the organ. They could also be used to cleanse and detox the liver. Furthermore, researchers have found that milk thistle extracts could help to reduce oxidative damage to the liver and also alcohol-related liver damage. In the cosmetics industry, milk thistle extracts could be used to produce acne and other skin care products. The global milk thistle extracts market is likely to gain growth due to the need for effective treatments for high blood sugar levels in diabetes, low breast milk production, bone loss, and age-related neurological conditions.

By Region        

world_regions

Mongolia, India, China, and Germany are considered to be major producers of milk thistle. Asia and Europe are said to be among leading growers of milk thistle in the world. Compared to previous years, the cost of milk thistle extracts has considerably reduced in recent years. Increased plantation of milk thistle in China and lower price of milk thistle products supplied from the country could be some of the reasons for decreased cost of milk thistle extracts.

Indian producers of milk thistle extracts are observed to source milk thistle seeds from North India and also other countries. India is sometimes required to source milk thistle extracts from overseas due to the robust demand in pharmaceutical applications. The popularity of milk thistle extracts is anticipated to increase in North America. According to the National Center for Complementary and Integrative Health, the most commonly used herbal supplement for liver problems in the US is silymarin.

Manufacturers to Enter into Merger and Acquisition Deals to Strengthen Portfolio

Some of the leading manufacturers of milk thistle extracts are Martin Bauer, Bio-Botanica, Indena, Shengbo Silymarin, Euromed, KEB Biotech, Panjin Tianyuan Pharmaceutical, Liverd Pharma, and Panjin Huacheng Pharmacy. Merger and acquisition could be one of the crucial business strategies adopted to expand business in the global milk thistle extracts market. In March 2019, Martin Bauer Group announced the acquisition of BI Nutraceuticals, a US supplier of plant-based ingredients. The acquisition will help Martin Bauer to build a manufacturing hub to serve the dietary supplements and food and beverage industries in the US. Importantly, it will create a broad botanical ingredients portfolio for the company.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Milk Thistle Extracts Market Report