Milk Thistle Market
Global Industry Analysis and Forecast 2023-2030
Pages : 120
Base Year : 2022
Release Year : May 2024
Format :
Report ID: KR 158
Base Year
2022
Forecast Year
2023-2030
Historical Years
2018-2021
Market Value (2022)
USD 98.7 million
Forecasted Value (2030)
USD 234.2 million
CAGR (2023 – 2030)
9.2%
Fastest Growing Region
Europe
Largest Region
Asia-Pacific
By Form
Capsule, Powder & Granule, Liquid, Others
By Application
Healthcare, Pharmaceutical, Cosmetics
By Distribution Channel
Supermarkets/Hypermarkets, Pharmacy, Convenience Stores, Online
TABLE OF CONTENT
1 INTRODUCTION OF THE GLOBAL MILK THISTLE MARKET
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
4 GLOBAL MILK THISTLE MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
5 IMPACT OF RUSSIA-UKRAINE WAR
6 GLOBAL MILK THISTLE MARKET, BY FORM
6.1 Overview
6.2 Capsule
6.3 Powder & Granule
6.4 Liquid
6.5 Others
7 GLOBAL MILK THISTLE MARKET, BY APPLICATION
7.1 Overview
7.2 Healthcare
7.3 Pharmaceutical
7.4 Cosmetics
8 GLOBAL MILK THISTLE MARKET, BY DISTRIBUTION CHANNEL
8.1 Overview
8.2 Supermarkets/Hypermarkets
8.3 Pharmacy
8.4 Convenience Stores
8.5 Online
9 GLOBAL MILK THISTLE MARKET, BY GEOGRAPHY
9.1 Overview
10 NORTH AMERICA
10.1 U.S.
10.2 Canada
10.3 Mexico
11 EUROPE
11.1 Germany
11.2 U.K.
11.3 France
11.4 Italy
11.5 Spain
11.6 Russia
11.7 Rest of Europe
12 ASIA PACIFIC
12.1 China
12.2 Japan
12.3 India
12.4 South Korea
12.5 Rest of Asia Pacific
13 MIDDLE EAST & AFRICA
13.1 GCC
13.2 South Africa
13.3 North Africa
13.4 Rest of Middle East & Africa
14 LATIN AMERICA
14.1 Brazil
14.2 Argentina
14.3 Rest of South America
15 GLOBAL MILK THISTLE MARKET COMPETITIVE LANDSCAPE
15.1 Overview
15.2 Key Developments
15.3 Key Strategic Developments
15.4 Company Market Ranking
15.5 Regional Footprint
15.6 Industry Footprint
16 COMPANY PROFILES
16.1 NOW® Foods
16.1.1 Key Facts
16.1.2 Financial Overview
16.1.3 Product Benchmarking
16.1.4 Recent Developments
16.1.5 Winning Imperatives
16.1.6 Current Focus & Strategies
16.1.7 Threat from competition
16.1.8 SWOT Analysis
16.2 Indena
16.2.1 Key Facts
16.2.2 Financial Overview
16.2.3 Product Benchmarking
16.2.4 Recent Developments
16.2.5 Winning Imperatives
16.2.6 Current Focus & Strategies
16.2.7 Threat from competition
16.2.8 SWOT Analysis
16.3 Euromed
16.3.1 Key Facts
16.3.2 Financial Overview
16.3.3 Product Benchmarking
16.3.4 Recent Developments
16.3.5 Winning Imperatives
16.3.6 Current Focus & Strategies
16.3.7 Threat from competition
16.3.8 SWOT Analysis
16.4 Panjin Tianyuan Pharmaceutical
16.4.1 Key Facts
16.4.2 Financial Overview
16.4.3 Product Benchmarking
16.4.4 Recent Developments
16.4.5 Winning Imperatives
16.4.6 Current Focus & Strategies
16.4.7 Threat from competition
16.4.8 SWOT Analysis
16.5 Panjin Huacheng Pharmacy
16.5.1 Key Facts
16.5.2 Financial Overview
16.5.3 Product Benchmarking
16.5.4 Recent Developments
16.5.5 Winning Imperatives
16.5.6 Current Focus & Strategies
16.5.7 Threat from competition
16.5.8 SWOT Analysis
16.6 Liverd Pharma
16.6.1 Key Facts
16.6.2 Financial Overview
16.6.3 Product Benchmarking
16.6.4 Recent Developments
16.7 KEB Biotech
16.7.1 Key Facts
16.7.2 Financial Overview
16.7.3 Product Benchmarking
16.7.4 Recent Developments
16.8 Shengbo Silymarin
16.8.1 Key Facts
16.8.2 Financial Overview
16.8.3 Product Benchmarking
16.8.4 Recent Developments
16.9 Bio-Botanica
16.9.1 Key Facts
16.9.2 Financial Overview
16.9.3 Product Benchmarking
16.9.4 Recent Developments
16.10 Amway Corp
16.10.1 Key Facts
16.10.2 Financial Overview
16.10.3 Product Benchmarking
16.10.4 Recent Developments
LIST OF TABLES
TABLE 1 Global Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 2 Global Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 3 Global Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 4 Global Milk Thistle Market Revenue, By Geography, 2020 – 2030 (USD Million)
TABLE 5 North America Milk Thistle Market Revenue, By Country, 2020 – 2030 (USD Million)
TABLE 6 North America Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 7 North America Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 8 North America Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 9 US Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 10 US Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 11 US Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 12 Canada Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 13 Canada Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 14 Canada Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 15 Mexico Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 16 Mexico Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 17 Mexico Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 18 Europe Milk Thistle Market Revenue, By Country, 2020 – 2030 (USD Million)
TABLE 19 Europe Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 20 Europe Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 21 Europe Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 22 Germany Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 23 Germany Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 24 Germany Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 25 France Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 26 France Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 27 France Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 28 U.K. Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 29 U.K. Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 30 U.K. Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 31 Spain Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 32 Spain Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 33 Spain Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 34 Italy Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 35 Italy Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 36 Italy Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 37 Russia Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 38 Russia Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 39 Russia Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 40 Rest of Europe Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 41 Rest of Europe Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 42 Rest of Europe Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 43 Asia-Pacific Milk Thistle Market Revenue, By Country, 2020 – 2030 (USD Million)
TABLE 44 Asia-Pacific Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 45 Asia-Pacific Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 46 Asia-Pacific Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 47 China Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 48 China Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 49 China Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 50 Japan Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 51 Japan Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 52 Japan Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 53 India Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 54 India Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 55 India Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 56 South Korea Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 57 South Korea Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 58 South Korea Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 59 Rest of Asia-Pacific Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 60 Rest of Asia-Pacific Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 61 Rest of Asia-Pacific Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 62 Middle East and Africa Milk Thistle Market Revenue, By Country, 2020 – 2030 (USD Million)
TABLE 63 Middle East and Africa Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 64 Middle East and Africa Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 65 Middle East and Africa Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 66 GCC Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 67 GCC Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 68 GCC Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 69 North Africa Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 70 North Africa Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 71 North Africa Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 72 South Africa Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 73 South Africa Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 74 South Africa Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 75 Rest of Middle East & Africa Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 76 Rest of Middle East & Africa Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 77 Rest of Middle East & Africa Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 78 Latin America Milk Thistle Market Revenue, By Country, 2020 – 2030 (USD Million)
TABLE 79 Latin America Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 80 Latin America Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 81 Latin America Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 82 Brazil Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 83 Brazil Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 84 Brazil Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 85 Argentina Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 86 Argentina Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 87 Argentina Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 88 Rest of Latin America Milk Thistle Market Revenue, By Form, 2020 – 2030 (USD Million)
TABLE 89 Rest of Latin America Milk Thistle Market Revenue, By Application, 2020 – 2030 (USD Million)
TABLE 90 Rest of Latin America Milk Thistle Market Revenue, By Distribution Channel, 2020 – 2030 (USD Million)
TABLE 91 Company Market Ranking
TABLE 92 Regional Footprint
TABLE 93 Form Benchmarking
TABLE 94 Recent Developments
TABLE 95 Winning Imperatives
LIST OF FIGURES
FIG. 1 Market Segmentation
FIG. 2 Research Timeline
FIG. 3 Global Milk Thistle Market 2020-2030 (USD Million)
FIG. 4 Global Milk Thistle Market Geographical Analysis (CAGR %)
FIG. 5 Global Milk Thistle Market Absolute Market Opportunity (USD Million)
FIG. 6 Global Milk Thistle Market Attractiveness (USD Million)
FIG. 7 Global Milk Thistle Market, By Form, 2020-2030 (USD Million)
FIG. 8 Global Milk Thistle Market, By Application, 2020-2030 (USD Million)
FIG. 9 Global Milk Thistle Market, By Distribution Channel, 2020-2030 (USD Million)
FIG. 10 Research Methodology
FIG. 11 Research Process
FIG. 12 Bottom-Up Approach
FIG. 13 Top-Bottom Approach
FIG. 14 Market Dynamics Overview
FIG. 15 Porter's Five Forces Analysis
FIG. 16 Value Chain Analysis
FIG. 17 Macroeconomic Analysis
FIG. 18 Global Milk Thistle Market Revenue Share, By Form, 2020 and 2030 (%)
FIG. 19 Global Milk Thistle Market Revenue Share, By Application, 2020 and 2030 (%)
FIG. 20 Global Milk Thistle Market Revenue Share, By Distribution Channel, 2020 and 2030 (%)
FIG. 21 Global Milk Thistle Market Revenue Share, By Geographic Regions, 2020 and 2030 (%)
FIG. 22 Market Size and Projections, 2020 - 2030 (USD Million)
FIG. 23 North America Milk Thistle Market Overview Share, By Countries, 2020 – 2030 (%)
FIG. 24 Market Size and Projections, 2020 - 2030 (USD Million)
FIG. 25 Europe Milk Thistle Market Overview Share, By Countries, 2020 – 2030 (%)
FIG. 26 Market Size and Projections, 2020 - 2030 (USD Million)
FIG. 27 Asia-Pacific Milk Thistle Market Overview Share, By Countries, 2020 – 2030 (%)
FIG. 28 Market Size and Projections, 2020 - 2030 (USD Million)
FIG. 29 Middle East & Africa Milk Thistle Market Overview Share, By Countries, 2020 – 2030 (%)
FIG. 30 Market Size and Projections, 2020 - 2030 (USD Million)
FIG. 31 Latin America Milk Thistle Market Overview Share, By Countries, 2020 – 2030 (%)
FIG. 32 Key Strategic Development
FIG. 33 Key Facts
FIG. 34 Financial Overview
FIG. 35 SWOT Analysis
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Frequently Asked Questions (FAQ's)
The global market is projected to reach USD 234.2 million by 2030, growing at a CAGR of 9.20% from 2023 to 2030.
The global market was valued at USD 98.7 million in 2022.
The major driving factor for the market growth is the increased awareness about the benefits of milk thistle extract, rise in demand for ayurvedic medicines has driven the market growth.
Top manufacturers of milk thistle market are NOW® Foods, Indena, Euromed, Panjin Tianyuan Pharmaceutical, Panjin Huacheng Pharmacy, Liverd Pharma, KEB Biotech, Shengbo Silymarin, Bio-Botanica, and Amway Corp, among others.
Europe is the fastest growing region in the forecasted period (2023-2030).
By form segment, capsule segment will hold the maximum share in the milk thistle market in the forecast period.