Kings Research has released its latest study titled “Global Milk Thistle Market: Size, Share, Trends & Forecast 2024–2031.” The report provides comprehensive insights into market size, growth dynamics, emerging trends, regional developments, and competitive strategies shaping the global milk thistle market landscape.
According to Kings Research, global milk thistle market was valued at USD 98.6 million in 2023 and is projected to grow from USD 105.3 million in 2024 to USD 176.1 million by 2031, registering a CAGR of 7.63% during the forecast period. Market growth is being propelled by the increasing global focus on liver health, the rising prevalence of liver-related diseases, and the growing preference for plant-based supplements that support detoxification and overall wellness.
Milk thistle, recognized for its active compound silymarin, is widely used in dietary supplements for its antioxidant and anti-inflammatory properties. Available in multiple formats such as capsules, powders, granules, and liquids, it is gaining traction among health-conscious consumers seeking natural alternatives for preventive and restorative health care.
Kings Research identifies the following key drivers for the milk thistle market:
- Rising Awareness of Liver Health: The global rise in liver-related conditions has spurred demand for natural solutions such as milk thistle. According to the Journal of Hepatology, liver diseases account for over two million deaths annually, representing 4% of global fatalities. Campaigns such as the American Liver Foundation’s Liver Life Advocates are driving awareness about liver health and fueling the adoption of natural supplements like milk thistle. (Source: pubmed.ncbi.nlm.nih.gov)
- Shift Toward Natural and Preventive Healthcare: Consumers increasingly prefer herbal and botanical products over synthetic medications. The market benefits from this shift toward holistic wellness, with milk thistle positioned as a leading herbal remedy for liver detoxification and antioxidant support.
- E-Commerce Expansion and Accessibility: The rapid growth of online retail has significantly boosted market accessibility. As per the U.S. Department of Commerce, global B2C e-commerce is expected to grow at a 14.4% CAGR, offering consumers greater access to health supplements, including milk thistle, through convenient digital platforms (Source: www.trade.gov).
- Product Innovation and Quality Enhancement: Manufacturers are focusing on product standardization and enhanced formulations to address inconsistencies in potency and efficacy. Strategic collaborations, such as Solgar’s partnership with The Great Run Company (May 2023), emphasize research-backed, high-quality supplement development to attract a broader consumer base.
B2B and Consumer Stakeholders Benefit from Milk Thistle through:
- Liver Health Support: Effective supplementation for detoxification, antioxidant, and anti-inflammatory benefits.
- Diverse Delivery Formats: Capsules, powders, granules, and liquids provide flexibility for personal consumption and product innovation.
- Accessibility: Pharmacies and online channels ensure broad availability and consumer guidance, enhancing market penetration.
Regional Outlook
- Asia-Pacific: Accounted for 36.61% of the global market share in 2023, valued at USD 36.1 million. Growth is driven by traditional herbal medicine adoption, rising disposable income, and greater awareness of liver health. The APAC Liver Disease Alliance’s “Hep-Free” summit (October 2024) underscored regional initiatives toward liver health awareness, further supporting market expansion.
- Europe: Expected to grow at a CAGR of 7.83% through 2031, bolstered by increasing preference for natural, plant-based supplements and established herbal product markets. Regulatory support and consumer confidence in herbal efficacy continue to sustain European demand.
Competitive Landscape
The global milk thistle market is fragmented, with companies focusing on product innovation, partnerships, and strategic expansion. Key players include Indena S.p.A., Euromed S.A, LIVERD PHARMA CO., LTD., Panjin Shengbo Silymarin Extraction Co., Ltd., and Bio Answer Holdings Inc. Manufacturers are emphasizing quality control, standardized formulations, and sustainable sourcing to build consumer trust and enhance market presence.
The full Kings Research report provides detailed segmentation by application, form, distribution channel, and region, along with competitive benchmarking and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/milk-thistle-market-158.
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, enabling organizations to navigate emerging markets, assess opportunities, and make informed strategic decisions. All market data are sourced from Kings Research proprietary analysis, validated against credible sources and industry publications. Key references include the American Herbal Products Association (www.ahpa.org), Journal of Hepatology (www.journal-of-hepatology.eu), and regional health authorities.