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Milk Thistle Extracts Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_24658 | Date : Jan, 2023 | Pages : 192 | Region : Global

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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.

The Global Milk Thistle Extracts Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Milk Thistle Extracts Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Martin Bauer
Indena
Euromed
Panjin Tianyuan Pharmaceutical
Panjin Huacheng Pharmacy
Liverd Pharma
KEB Biotech
Shengbo Silymarin
Bio-Botanica

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

>80% Extract
80% Extract
Low Concentration Product
In Market segmentation by applications :

Pharmaceuticals
Health Care Industry
Food & Cosmetics
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Milk Thistle Extracts Market for the forecast period 2023 - 2030?
• What are the driving forces in the Milk Thistle Extracts Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Milk Thistle Extracts industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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