Silymarin Market Size & Growth Analysis to 2030

The global silymarin market size is expected to grow a significant CAGR of 7.5% during the forecast period and expected to reach around USD 180 million by 2027. In 2019, the market size was estimated at around USD 100 million globally. The silymarin is also known as milk thistle. The increasing incidence of hepatic disease globally is a primary factor to drive the market growth. Furthermore, the growing opportunities in the food sector is expected to propel the market growth over the forecast period. Moreover, the continuous growth in silymarin dietary supplements in the treatment of obesity is projected to fuel the market.

Report Attributes:

Market Insights:

The global silymarin market is bifurcated into form, application, distribution channel, and geography. On the basis of form, the market is further classified into powder and capsule forms. The capsule segment held a significant market share as compared to powder. The demand for silymarin is increasing due to the presence of vitamin C and E.

By application, the silymarin market is segmented into pharmaceutical, food & beverages, and others. The pharmaceutical segment is accounted to hold the largest market share in termss of revenue. The segment growth is attributed to the increasing incidence of liver disease across the globe which is increasing the demand for silymarin in the pharmaceutical industry. According to a research paper shared by the World Health Organization (WHO) in 2017, around 71 million people were suffered from hepatitis C infection across the globe.

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On the basis of distribution channel, the supermarket segment is accounted to hold the largest share of the silymarin market globally. The ability to showcase a diverse product portfolio with attractive discounts suits the urban population that resists a closed shopping experience over the weekend. Furthermore, the e-commerce segment is accounted to register the fastest growth rate over the forecast period due to the increasing use of smartphones for shopping and penetration of high-speed internet services across the globe.

The silymarin comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Form:

• Powder
• Capsule

By Application:

• Pharmaceutical
• Food & Beverages
• Others

By Distribution Channel:

• Supermarket
• Retail Stores
• E-commerce

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, the silymarin market report comprises dedicated sections centering on the regional market revenue and trends. The silymarin market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The silymarin market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Silymarin market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competition Assessment:

Key players operating in the global silymarin market are Swanson Health Products, Jarrow Formula, Nature’s Bounty, Co., Jiaherb, and LIVERD PHARMA. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Swanson Health Products
• Jarrow Formula
• Nature’s Bounty, Co.
• Jiaherb
• LIVERD PHARMA
• Panjin Fengrui
• Huacheng Pharmaceutical
• TY Pharmaceutical
• Shengbo Silymarin
• Sundown Naturals

Key Questions Answered by Silymarin Market Report:

• Global silymarin market forecasts from 2021-2027
• Regional silymarin market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Silymarin submarket forecasts from 2021-2027 covering the market by form, by application, by distribution channel, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to silymarin market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level silymarin markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the silymarin market