Global Liver Health Supplements Market to Be Driven by Rise in Unhealthy Lifestyles During the Forecast Period of 2022-2027 – Shanghaiist
Expert Market Research’s new report titled ‘Global Liver Health Supplements Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global liver health supplements market, assessing the market in based on its segments such as Products, Dosage Forms, Distribution Channels, Types and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
- Historical market size (2021): USD 773.3 million
- Forecast CAGR (2022-2027): 4.3%
- Forecasted Market Size (2027): USD 995.5 million
The market is driven by the rising occurrence of liver diseases like liver cancer, fatty liver, and severe cirrhosis, among others caused by unhealthy lifestyles, fast food consumption, and alcohol consumption. An unhealthy liver can cause several problems such as jaundice, swelling, chronic fatigue, and itchy skin, among others. This thus propels the growth of the liver supplements market. The easy availability of liver health supplements from a wide distribution channel is also fueling the growth of the market. Growing dependence on internet services and booming e-commerce industry are further driving the growth of the market.
Industry definition and segmentation
Liver health supplements are vitamins and minerals, or herbal supplements available in liquid, capsule, and powder form to support healthy liver function by rejuvenating and cleansing the liver.
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Based on product, the market can be divided into:
- Vitamins and minerals
- herbal supplements
The market, based on dosage form, can be segmented into:
On the basis of distribution channel, the market can be categorized into:
- Drug Stores and Pharmacies
On the basis of type, the market can be categorized into:
- Over the counter
Regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global market for liver health supplements is driven by the growing awareness among people about liver health. The liver is the largest vital organ of vertebrates responsible for the elimination of toxins and their release outside the body. An unhealthy liver can cause several problems such as jaundice, swelling, chronic fatigue, and itchy skin, among others. In addition, increasing disposable incomes, increasing living standards and increasing purchasing power are factors that facilitate high demand for health supplements from the urban population, and thus boost the market growth.
Main market players
Major market players include Nature’s Bounty, NOW Foods, Jarrow Formulas, Inc., NUTRALife, Himalaya Herbal Healthcare, Gaia Herbs, and Swanson Health Products, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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