Liver Health Supplements Market Set to See Explosive Growth by 2030 – ManufactureLink
the global liver health supplements market the size is estimated at 827.24 million USD in 2020 and can reach $1,077.28 million, with a CAGR of 4.5% from 2021 to 2027. The liver is the largest internal organ that typically finds invertebrates, which play a crucial role in removing toxins from the body. Improving the health and well-being of the liver and keeping it functioning properly is a top priority for a healthy body. However, the prevalence of chronic liver diseases has recently increased due to various factors, such as decreasing food quality, increasing alcohol consumption, and many others. As a result, liver health supplements become a preferable option to enhance the smooth and healthy functioning of the liver in the human body.
Growing geriatric population, high incidence of obesity in children and adults, and increasing inclination towards fast food and alcohol consumption will increase the demand for liver health supplements, providing a enormous potential for growth in the global market.
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Factors such as increase in chronic liver diseases including alcoholic liver disease, chronic viral hepatitis, fatty liver disease, liver cancer and hemochromatosis are expected to drive the global growth of supplements market for liver health.
Growing consumer awareness of the need for good liver health coupled with growing government initiatives to promote good health is also fueling the growth of liver health supplements market in health and pharmaceutical sectors across the world.
However, stringent rules and regulations regarding liver health supplements and intense competition among major players may restrain the growth of the global liver health supplements market during the forecast period.
Impact of COVID-19 on Liver Health Supplements Market:
COVID-19 is a global contagious disease that has affected almost every industry, including healthcare and pharmaceuticals. The COVID-19 outbreak has increased the demand for liver health supplements globally, primarily in North America and Asia-Pacific. As the coronavirus crises engulf the world and lead to curfews and shutdowns, it has severely affected many companies operating across the globe, which has directly affected the production and demand for these supplements. This creates many lucrative opportunities for new players and small-scale players to mark their presence in the regional market and offer low prices and high quality products to end users. Therefore, with the outbreak of COVID-19, a significant increase in the demand for these supplements has been observed globally, which has positively impacted the liver health supplements market value in 2020. and the following years.
The report outlines the liver health supplements market study based on product, dosage, and end-user.
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On the basis of product, the liver health supplements market has been segmented into –
- Vitamins and minerals
- herbal supplements
On the basis of dosage, the liver health supplements market has been segmented into –
Depending on the distribution channel, the market for liver health supplements has been segmented into –
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
Liver Health Supplements Market: Regional Outlook
Based on region, the global liver health supplements market has been segmented into five key geographical regions namely, North America, Asia-Pacific, Europe, South America, Middle East and Africa. In 2020, North America held the largest market share in the liver health supplements market, followed by Europe and Asia-Pacific, owing to the rise in beverage addiction alcohol abuse and a high prevalence of chronic liver disease in the region. On the contrary, Asia-Pacific is expected to show the highest CAGR during the forecast period, due to people’s increasing awareness of healthy products and increasing disposable income of individuals, as well as the presence growth of online retail platforms for drug supply in the region. .
Leading competitors in Liver Health Supplements Market include-
The market for liver health supplements is highly fragmented, with a large number of small players across the globe. Manufacturers of Vital Liver Health Supplements operating in the global market are-
- Himalayan Herbal Health Care
- Natures Craft Switzerland
- Thompson (Integria Healthcare)
- Jarrow Formulas, Inc.
- The bounty of nature
- Irwin Natural
- Swanson Health Products
- NATURALife Health Products, Inc.
- NOW Food
The Liver Health Supplements Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.
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Liver Health Supplements Market Report Covers Comprehensive Analysis on:
- Market Segmentation and Regional Analysis
- 10 year market size
- Price analysis
- Supply and demand analysis
- Product life cycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Opportunities, risks and market trends
- Conclusion and recommendation
- Regulatory landscape
- Patent Analysis
- Competition landscape
- More than 15 company profiles
Regional Analysis For Liver Health Supplements Market Includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
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Liver Health Supplements Market: Target Audience
- Liver Health Supplement Service Providers
- Hospitals and diagnostic laboratories
- Drug discovery and development research centers
- Investors and trading experts
- Manufacturers, Distributors and Healthcare Providers
- Trade publications and magazines
- Government authorities, associations and organizations