As the global threat of chronic and infectious diseases grows, the global milk thistle market size will see significant expansion, reaching $170,100 thousand by 2030. With the growing usage for the treatment and prevention of liver disorders, diabetes, and other chronic illnesses, the global milk thistle market has been advancing at a significant pace over the past few years. According to scientific studies, silymarin derived from milk thistle has antiviral, antioxidant, and anti-inflammatory properties which has impelled its use to cure gallbladder and liver problems, increase breast milk production, prevent and treat cancer, and even to protect the liver from alcohol, snake bites, and other environmental toxins, over the years.
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Below mentioned three factors are likely to drive traction in the market over 2022-2030:
Increased product use as a treatment option for diabetes
As per CDC statistics, over 415 million people across the globe suffer from diabetes. It has been further estimated that by 2040, more than half a billion of the population will have the disease. This growing disease burden has fostered significant research towards effective preventive and curative treatment options in the field of modern medicine.
As per credible medical research, milk thistle, combined with traditional treatment, can improve diabetes by offering enhanced insulin resistance, a key part of type 2 diabetes. The consumption of milk thistle can decrease blood sugar levels and improve cholesterol levels in people with type 2 diabetes.
Additionally, the anti-inflammatory and antioxidant properties of milk thistle may be beneficial in lowering the chance of developing diabetes complications such as renal disease. Owing to these significant product benefits, it is expected that the global milk thistle market share from the diabetes segment will garner considerable traction through 2030.
Antioxidant properties: A hit in the cosmetics industry
Over the past few decades, milk thistle applications have not only found increased usage in healthcare and pharmaceutical applications, but they have also significantly penetrated the global cosmetics industry. Companies have been capitalizing on its antioxidant and herbal properties to make skin care formulations that appeal to a wide customer application base.
When it comes to improving skin color and protecting against UV damage, milk thistle is a multitasking powerhouse. Its antioxidant properties protect the skin from free radical damage, which can cause premature aging. Its purifying and anti-inflammatory characteristics make it an ideal choice for people suffering from acne, rosacea, eczema, and psoriasis.
Growing usage for protection and cure for liver disease
Liver disease rates are gradually rising. As per the National statistics of the U.K., liver diseases are the fifth most common cause of death in the region.
Meanwhile in the U.S., they are recognized as the second leading cause of death amongst all digestive diseases. Thanks to its liver-protective properties, milk thistle is frequently advocated for use to patients with various disorders associated with the liver.
Patients with liver damage from illnesses such as alcoholic liver disease, non-alcoholic fatty liver disease, liver cancer, and hepatitis, frequently utilize it as a supplemental therapy. As per scientific studies, milk thistle supplementation has been proven to enhance liver function in people with liver disorders and help minimize liver inflammation and damage.
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The recent COVID-19 pandemic positively influenced the demand for immunity-boosting herbs and supplements, thereby boosting milk thistle sales. Prominent milk thistle manufacturers, including, Nature’s Bounty Co., Sundown Naturals, Swanson Health Products, Bio-Botanica Inc., Blackmores Limited, and NOW Foods, have been experimenting with product R&D to expand into new market segments and benefit from the rising global market demand.
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