About Milk Thistle Oil
Milk thistle oil is widely used for medicinal applications to cure liver diseases, diabetes, heartburn, high cholesterol, and prevent cancer. Milk thistle oil is rich in vitamin E and linoleic acid, which helps to keep skin moisture and reduce acne severity. It is also used in salad dressing, finished dishes, and muesli additives, and smoothies due to its mild taste. The increasing demand for herbal supplements that boosts the immune system supports bone health will create significant opportunities for milk thistle oil.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olicure (India), Erbology (United Kingdom), Flora Aromatics (United States), Siberian Treasure (Russia), Bio Planète (Germany), Au Natural Organics (United States), Activation Products (United States), Henry Lamotte OILS GmbH (Germany), Ostro Organics Inc. (Canada) and SanaBio GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Thistle Oil market by Type (Unrefined and Refined), Application (Cosmetics, Dietary Supplement, Pharmaceutical and Food Additive) and Region.
On the basis of geography, the market of Milk Thistle Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Milk Thistle Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity and Consumption of Herbal-based Supplements
Market Growth Drivers:
Increasing Use of Milk Thistle Oil as a Supplement and Food Additive and Surging Demand for Milk Thistle Oil to Make Medicine
Challenges:
Short Shelf Life of Milk Thistle Oil
Restraints:
In Some People, Milk Thistle Oil Affects the Health or Skin
Opportunities:
Use of Milk Thistle Oil in Cosmetics Due to High Content of Linolein Acid
Market Leaders and their expansionary development strategies
In January 2020, Nature's Bounty Co. announced a partnership with The Vitamin Shoppe to launch a new line of herbal supplements, which includes milk thistle supplements.
In March 2021, Gaia Herbs, Inc. launched a new product called "Liver Cleanse Everyday Support," which contains milk thistle extract, to support the liver's natural detoxification process.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Milk Thistle Oil Manufacturers, Suppliers and Distributors of Milk Thistle Oil, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End- Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.