Global Milk Thistle Extracts Market Growth 2019-2024

Milk Thistle is an herbal supplement that detoxifies and protects vital liver functions and more. Milk thistle has been used for over 2,000 years as a natural treatment for liver disorders. The plant is known in scientific circles as the Silybum marianum (L.) Gaertner (syn. Cardous marianus), but it is more commonly known as “milk thistle,” “St. Mary Thistle,” “Holy Thistle” and “Lady’s Thistle.” It is an herbaceous annual or biennial plant belonging to the Asteraceae family that can grow to be ten feet tall with flowers that are red and purple in color.
Globally, Milk Thistle are planted in Europe and Asia. Germany, China, India, Mongolia, etc. has been the major production area of Milk Thistle. The cost of Milk Thistle seed was used to be high, as more and more Chinese farmer start plant Milk Thistle in China, the cost of the extract has been decreased to a large extent. The market of Milk Thistle is combatively concentrated, with Martin Bauer, Indena and Euromed major producers. Herbal medicine manufacturers are its main customers, which is also the most value added sector in the industry chain. Chinese suppliers offer products at much lower price, and the products has been founded growing popular in North America. There are also India producers involve in the industry, their either source seeds from North India or overseas. Since demand exist in India pharmaceutical industry, India companies also has to source Milk Thistle extracts from other countries.

According to this study, over the next five years the Milk Thistle Extracts market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 120 million by 2024, from US$ 85 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Milk Thistle Extracts business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Milk Thistle Extracts market by product type, application, key manufacturers and key regions and countries.

This study considers the Milk Thistle Extracts value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
>80% Extract
80% Extract
Low Concentration Product
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Pharmaceuticals
Health Care Industry
Food & Cosmetics
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Martin Bauer
Indena
Euromed
Panjin Tianyuan Pharmaceutical
Panjin Huacheng Pharmacy
Liverd Pharma
KEB Biotech
Shengbo Silymarin
Bio-Botanica

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Milk Thistle Extracts consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Milk Thistle Extracts market by identifying its various subsegments.
Focuses on the key global Milk Thistle Extracts manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Milk Thistle Extracts with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Milk Thistle Extracts submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.