LONDON--(BUSINESS WIRE)--The global milk thistle products market is expected to post a CAGR close to 11% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the health benefits associated with milk thistle products. Milk thistle products are known for their detoxifying properties and are primarily consumed in the form of tablets and capsules. They provide other benefits such as natural detoxification and help boost cell growth and regeneration. Thus, with such advantages associated with milk thistle products, the market is expected to perform positively during the forecast period.
This market research report on the global milk thistle products market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rising demand for multi-herb products as one of the key emerging trends in the global milk thistle products market:
Global milk thistle products market: rising demand for multi-herb products
Multi-herbs are defined as blends of beneficial herbs that help improve heart health, cardiovascular functions, libido, digestion, liver functions, sleep, and immune functions. These products are gaining traction among consumers in North America and Western Europe. Milk thistle products are used in association with dandelion, turmeric, and aloe-vera to develop different formulas that cure many diseases. Moreover, several vendors are developing new products that contain various vitamins and botanicals to restore blood sugar levels.
“Private-label processed milk thistle seeds and RTE milk thistle products are becoming popular among consumers as they are affordable and easy to consume. Such products are being stocked in retail stores and are available at lower prices as compared to branded products,” says a senior analyst at Technavio for research on food.
Global milk thistle products market: Segmentation analysis
This market research report segments the global milk thistle products market by product (tablets/capsules/soft gels, powders/tinctures, raw herbs) and geographical regions (APAC, EMEA, and the Americas).
The EMEA region led the market in 2017 with a market share close to 65%, followed by the Americas and APAC respectively. The Americas is expected to have the highest incremental growth during the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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