Silymarin Market

The silymarin market was valued at USD 101.1 Mn by 2019. The rising prevalence of hepatic diseases worldwide primarily drives the silymarin market growth. Additionally, the constant rise in the use of silymarin dietary supplements in the treatment of aging and obesity across the globe further propel market growth.

Silymarin is basically a standardized extract of milk thistle seeds that contains the active constituent silibinin which is a mixture of flavonolignans that finds tremendous application in the treatment of liver cirrhosis. Scientists are conducting a clinical trial investigation for understanding the therapeutic efficacy of silibinin in the treatment of cancer due to its ability to inhibit STAT3 signaling. Poor water solubility and bioavailability have rendered formulation scientists to focus on the enhanced formulation to improvise the pharmacokinetic profile associated with silymarin.

The major segments related to the silymarin market are: 

By Application (2017–2027; US$ Mn)

Pharmaceutical

Food & Beverages

Others

By Distribution Channel (2017–2027; US$ Mn)

Supermarket

Retail Stores

E-commerce

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

• The intention of the study is to give a comprehensive outlook of the global silymarin market
• The overall segmentation of the silymarin market, by application, distribution channel, and geography is minutely studied. Pharmaceutical and supermarket are dominating the application and distribution channel segments respectively
• Rising prevalence of liver cirrhosis worldwide
• Increasing demand for herbal products and increasing disposable income together accentuate the market growth

Report gist?

• The study of the global silymarin market includes qualitative analysis of factors such as drivers, restraints, and opportunities
• The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of application and distribution channel and categorization of the same at the geography level
• This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

• This study is suitable for industry participants and stakeholders in the nutraceutical manufacturers actively engaged in the production and marketing of silymarin due to the  rising prevalence of hepatic diseases worldwide
• The report will benefit nutrition scientist engaged in the manufacturing of silymarin containing dietary supplements
• Managers with financial institutions looking to publish recent and forecasted statistics pertaining to silymarin market
• Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

The pharmaceutical segment is spearheading the application segment for the silymarin market. The rising prevalence of liver diseases worldwide primarily increases the demand for silymarin in the pharmaceutical segment. Silymarin is widely used for detoxifying the liver and protecting it against hepatitis C infection, mushroom poisoning, and Amanita phalloides. As per the latest research citings provided by the World Health Organization (WHO) in 2017, approximately 71 million people were living with hepatitis C infection across the globe. Global health agencies have set a target to achieve 80% treatment of hepatitis C infection by 2030, which eventually increases the demand for silymarin dietary products. Food & beverages will be showcasing comfortable market growth in the near future chiefly due to the increasing demand for silymarin in attaining weight loss. As per the latest statistics provided by the World Bank data approximately 4.7 million people throughout the globe prematurely die due to obesity.

The supermarket is currently dominating the distribution channel segment for silymarin market growth. Capability to exhibit diverse product portfolio with attractive discounts suits the urban population which opts for a one-stop shopping experience on weekends. Retail stores are still considered as the most reliable source for dietary supplements to fulfill the purchasing aspiration of regular customers residing in remote locations. E-commerce is expected to register rampant market growth during the forecast period owing to the significant increase in the market penetration of high-speed internet services and the use of smartphones to purchase dietary and health supplement products.

North America is representing the largest market share in the geography segment for the silymarin market. Increasing disposable income and rising public health awareness regarding the health benefits of herbal drugs in comparison to allopathic medications for treating various ailments primarily drive the market growth in the region. Domicile of major players such as Nature’s Bounty, Co., Sundown Naturals., Jarrow Formula., Swanson Health Products, etc. further accentuates the market growth in the region. Europe is the second-largest regional segment for the silymarin market on account of the increasing demand for natural antioxidants to treat the aging process in the Caucasian population in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment for the silymarin market. Flourishing herbal dietary supplements markets in the South Asian countries and constant rise in the E-commerce segment in the region together determine the silymarin market growth in the region.