Milk Thistle is an herbal supplement that detoxifies and protects vital liver functions and more. Milk thistle has been used for over 2,000 years as a natural treatment for liver disorders. The plant is known in scientific circles as the Silybum marianum (L.) Gaertner (syn. Cardous marianus), but it is more commonly known as “milk thistle,” “St. Mary Thistle,” “Holy Thistle” and “Lady’s Thistle.” It is an herbaceous annual or biennial plant belonging to the Asteraceae family that can grow to be ten feet tall with flowers that are red and purple in color.
Globally, Milk Thistle are planted in Europe and Asia. Germany, China, India, Mongolia, etc. has been the major production area of Milk Thistle. The cost of Milk Thistle seed was used to be high, as more and more Chinese farmer start plant Milk Thistle in China, the cost of the extract has been decreased to a large extent. The market of Milk Thistle is combatively concentrated, with Martin Bauer, Indena and Euromed major producers. Herbal medicine manufacturers are its main customers, which is also the most value added sector in the industry chain. Chinese suppliers offer products at much lower price, and the products has been founded growing popular in North America. There are also India producers involve in the industry, their either source seeds from North India or overseas. Since demand exist in India pharmaceutical industry, India companies also has to source Milk Thistle extracts from other countries.
Global Milk Thistle Extracts market size will increase to 140 Million US$ by 2025, from 85 Million US$ in 2018, at a CAGR of 6.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Milk Thistle Extracts.
This report researches the worldwide Milk Thistle Extracts market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Milk Thistle Extracts breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Panjin Tianyuan Pharmaceutical
Panjin Huacheng Pharmacy
Milk Thistle Extracts Breakdown Data by Type
Low Concentration Product
Milk Thistle Extracts Breakdown Data by Application
Health Care Industry
Food & Cosmetics
Milk Thistle Extracts Production Breakdown Data by Region
Milk Thistle Extracts Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Milk Thistle Extracts capacity, production, value, consumption, status and forecast;
To focus on the key Milk Thistle Extracts manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Milk Thistle Extracts :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.