The global liver health supplements market size is poised for substantial growth, projected to exhibit a CAGR of 5.6% from 2022 to 2032. With an estimated value of US$ 9.4 billion in 2022 and anticipated to reach US$ 14.7 billion by 2032, this market is witnessing a surge in demand attributed to the increasing prevalence of liver diseases worldwide. Liver health is pivotal for overall well-being, and the market is witnessing a proliferation of supplements designed to cleanse, rejuvenate, and promote healthy liver function. Factors such as rising awareness about liver health, surging cases of obesity and fatty liver disease, and adoption of sedentary lifestyles are driving market growth.
The demand for liver health supplements is propelled by several factors. Surging consumption of alcohol and fast food has led to a rise in liver diseases, necessitating the need for supplements to support liver function. Consumers are increasingly turning to supplements containing herbal ingredients like turmeric, milk thistle, and mushrooms for liver support. Additionally, the convenience of powder-based supplements and the adoption of vitamin supplements to counterbalance sedentary lifestyles are further driving market demand.
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The liver health supplements market is buoyed by various growth factors. The popularity of herbal supplements containing ingredients known for their liver-supporting properties is driving market expansion. Additionally, the rising incidence of chronic liver diseases due to lifestyle factors like alcohol consumption and poor dietary habits is fueling demand. Moreover, initiatives by public and private organizations to raise awareness about liver health and the entry of start-up companies in the Asia Pacific region are contributing to market growth.
COVID-19 Impact Analysis on Liver Health Supplements Market
The recent outbreak of COVID-19 has adversely affected various markets in the packaging industry, and the Liver Health Supplements market is no exception. Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government measures, particularly social distancing norms and stay-at-home orders, companies operating in the Liver Health Supplements market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of COVID-19.
Liver Health Supplements Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Liver Health Supplements market. Competitive information detailed in the Liver Health Supplements market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Liver Health Supplements market report.
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Key players covered in the report include:
Some of the leading companies present in the global liver health supplements market include Balchem Corporation, Amway Corp., Aker Biomarine, GNC, Enzymedica, Sanofi, America’s Finest Inc., ADM Company, and Banyan Botanicals among others.
Key Takeaway for Investors:For investors seeking opportunities in the B2B industry growth sector, the liver health supplements market presents an enticing prospect. With a projected CAGR of 5.6% and a potential valuation of US$ 14.7 billion by 2032, this market offers promising investment avenues. The increasing prevalence of liver diseases globally, coupled with growing consumer awareness about liver health, signifies a lucrative growth trajectory. Key players such as Balchem Corporation, Amway Corp., and Sanofi are expanding their geographic presence and investing in research and development to capitalize on market opportunities. By leveraging insights into market trends and consumer preferences, investors can position themselves to capitalize on the burgeoning demand for liver health supplements.
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Key Segments Profiled in the Liver Health Supplements Industry Survey
By Form:
- Dry
- Tablet
- Powder
- Liquid
By Nature:
- Organic
- Conventional
By Source:
- Vitamins
- Minerals
- Botanicals
- Others
By End User:
- Human Nutrition
- Animal Nutrition
By Distribution Channel:
- Online Retailers
- Specialty Stores
- Supermarkets/Hypermarkets
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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