LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Milk Thistle Extract Category - Procurement Market Intelligence Report. The growing demand for clean-label products coupled with increasing health awareness of consumers has prompted food manufacturers to use milk thistle extracts in their products. In addition, the milk thistle extract market is driven by the rising use of nutritional product extracts.
“The buyers are advised to engage with suppliers who have a limited number of third-party raw material vendors since it will help in maintaining product composition and quality,” says SpendEdge procurement expert A Kowshik. “Additionally, the adoption of lean manufacturing processes by the suppliers will help the buyers in achieving production efficiency and cost-savings,” added Kowshik.
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SpendEdge’s procurement market intelligence reports for the agro commodities and raw materials category offer valuable insights into strategic category management objectives and highlights opportunities to maximize cost-savings from the perspective of both the buyers and the suppliers. Additionally, these reports benchmark supplier evaluation criteria to help in the critical decision-making process of the buyers while devising a strategic and cost-effective category procurement.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the global milk thistle extracts market.
- Rising demand for clean-label products and increasing health awareness
- Innovations and use of milk thistle extracts in food products
- To know more, View the full report
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Report scope snapshot: Milk thistle extracts market
- Competitiveness index for suppliers
- Buyer ecosystem
- Supplier ecosystem
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Category pricing insights
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
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Category management strategy
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
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