Global Liver Health Supplements Market, By Product (Vitamins, Minerals, Herbal Supplements, Others), Type (Over-the-Counter (OTC), Prescribed, Homemade, Others), Dosage Form (Capsules, Tablets, Liquid and Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others) – Industry Trends and Forecast to 2030.
Liver Health Supplements Market Analysis and Size
According to the Centers for Disease Control and Prevention (CDC), almost 4.5 million persons in the U.S. were diagnosed with liver disease in 2018. As a result, the rising prevalence of liver illnesses has increased consumer worries about liver health, pushing supplement adoption. The liver is the body's largest organ and is responsible for eliminating poisons from the body. It can detect hazardous compounds in the body and convert them to harmless material that may be eliminated. Vitamins, minerals, and herbal supplements can aid in increasing liver health and capacity to perform various activities.
Data Bridge Market Research analyses that the global liver health supplements market, which was USD 846.54 million in 2022, would rocket up to USD 1213.11 million by 2030 and is expected to undergo a CAGR of 4.60% during the forecast period. "Vitamin" of the product segment is dominating the market owing to technological advancements. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Vitamins, Minerals, Herbal Supplements, Others), Type (Over-the-Counter (OTC), Prescribed, Homemade, Others), Dosage Form (Capsules, Tablets, Liquid, and Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
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Countries Covered
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U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and Rest of South America as part of South America.
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Market Players Covered
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Himalaya Herbal Healthcare (India), Nutralife Health Products Inc. (U.S.), Herbalife International Inc. (U.S.), Dabur (India), Enzymedica (U.S.), Nature's Way Products, LLC. (U.S.), Danone India (India), Nestlé S.A (Switzerland), Swisse (Australia), Integria (Australia), Irwin Naturals (U.S.), Jarrow Formulas, Inc (U.S.), NOW Foods (U.S.), Swanson (U.S.), THE BOUNTIFUL COMPANY (U.S.), Gaia Herbs (U.S.), NUTRA HEALTHCARE PRIVATE LIMITED (India), and BioThrive Sciences (U.S.)
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Market Opportunities
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Market Definition
Liver health supplements are dietary products and formulations designed to support and promote the well-being and proper functioning of the liver. The liver is a vital organ responsible for various critical functions in the body, including detoxification, metabolism of nutrients, and the synthesis of important proteins. Liver health supplements typically contain a combination of vitamins, minerals, antioxidants, and herbal ingredients that are believed to benefit the liver.
Liver Health Supplements Market Dynamics
Drivers
- Increasing Prevalence of Liver Diseases
The rising prevalence of liver diseases such as liver cancer, fatty liver disease, and others is estimated to enhance the market's growth. According to the European Association for the Study of the Liver, liver disorders cause roughly two million fatalities yearly, with one million deaths caused by cirrhosis complications and one million deaths caused by hepatocellular carcinoma and viral hepatitis.
- Increasing Investment in Healthcare Infrastructure
Another significant factor influencing the growth rate of the liver health supplements market is the rising healthcare expenditure, which helps improve its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, further influencing the market dynamics.
Opportunities
- Increasing Focus on Preventive Healthcare
Consumers are more inclined to invest in products that can help maintain optimal health and prevent diseases with the rising healthcare costs and the shift towards preventive healthcare. Liver health supplements are seen as a proactive approach to support liver function and prevent liver diseases, creating a favorable market environment.
- Rising Interest in Natural and Herbal Supplements
Consumers have a growing preference for natural and herbal products over synthetic alternatives. This trend is also observed in the liver health supplements market, with a shift towards natural ingredients and herbal formulations. Manufacturers can leverage this preference by offering organic, plant-based, and herbal liver health supplements.
Restraints/Challenges
Lack of Stringent Regulations and Quality Control Standards
The supplement industry is not as tightly regulated as the pharmaceutical industry. This can lead to concerns about safety, efficacy, and quality of liver health supplements. Ensuring that products meet certain standards becomes challenging, undermining consumer confidence and hindering market growth without strict regulations and quality control standards.
- Limited Scientific Evidence Supporting the Effectiveness of Liver Health Supplements
While some research suggests the potential benefits of certain ingredients in improving liver health, the evidence is often limited or inconclusive. The lack of robust scientific data makes it difficult for manufacturers to make strong claims about the efficacy of their products. This can also contribute to consumer skepticism and reluctance to try liver health supplements.
This liver health supplements market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the liver health supplements market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In July 2021, GNC Holdings Inc., a leading global health and wellness brand, announced the launch of its new liver health supplement called "Liver Health Formula". The supplement is formulated with ingredients like milk thistle extract, N-acetyl cysteine, and alpha-lipoic acid, which are known for their potential benefits in supporting liver health
- In March 2021, Nature's Way, a well-known herbal supplement brand, introduced a new liver health supplement called "Liver Health". The product is formulated with a blend of herbs, including milk thistle, dandelion, and turmeric, which are traditionally used to support liver function and detoxification
Global Liver Health Supplements Market Scope
The liver health supplements market is segmented on the basis of product, type, dosage form, end-users, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Vitamins
- Minerals
- Herbal Supplements
- Plant-based antioxidants.
- Others
Type
- Over-the-Counter (OTC)
- Prescribed
- Homemade
- Others
Dosage Form
- Capsules
- Tablets
- Liquid
- Others
End-Users
- Hospitals
- Specialty Clinics
- Homecare
- Others
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
Liver Health Supplements Market Regional Analysis/Insights
The liver health supplements market is analyzed, and market size insights and trends are provided country, product, type, dosage form, end-users, and distribution channel, as referenced above.
The countries covered in the global liver health supplements market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, and rest of South America as part of South America.
North America dominates the global liver health supplements market because of the strong base of healthcare facilities, strong presence of major players, rising demand for liver health supplements products, and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The liver health supplements market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for liver health supplements market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Liver Health Supplements market. The data is available for historic period 2011-2021.
Competitive Landscape and Liver Health Supplements Market Share Analysis
The liver health supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the liver health supplements market are:
- Himalaya Herbal Healthcare (India)
- Nutralife Health Products Inc. (U.S.)
- Herbalife International Inc. (U.S.)
- Dabur (India)
- Enzymedica (U.S.)
- Nature's Way Products, LLC. (U.S.)
- Danone India (India)
- Nestlé S.A (Switzerland)
- Swisse (Australia)
- Integria (Australia)
- Irwin Naturals (U.S.)
- Jarrow Formulas, Inc (U.S.)
- NOW Foods (U.S.)
- Swanson (U.S.)
- THE BOUNTIFUL COMPANY (U.S.)
- Gaia Herbs (U.S.)
- NUTRA HEALTHCARE PRIVATE LIMITED (India)
- BioThrive Sciences (U.S.)
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