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Global Liver Health Supplements Market to Grow at a CAGR of 4.3% During 2022-2027, Aided by the Boom in E-Commerce Pharmacies

According to a new report by EMR titled, ‘Global Liver Health Supplements Market Report and Forecast 2022-2027’, the global liver health supplements industry attained a value of about USD 773.3 million in 2021. The market is further expected to grow at a CAGR of 4.3% during the forecast period of 2022-2027 to reach nearly USD 995.5 million by 2027.

The increasing incidences of liver diseases caused by unhealthy food consumption, excess alcohol intake, and the surging consumption of soft-drinks high in sugar content is a key factor augmenting the market's growth. As a result, pharmaceutical research and development (R & R&D) aimed at developing supplements for maintaining liver health are aiding the market's growth. Furthermore, the growth in the market can be associated with the presence of an extensive distribution channel including local pharmacies and supermarkets. In addition, the flourishing e-commerce industry is further significantly contributing to the market's growth. With the advent of COVID-19 pandemic, the dependency on digital services and e-commerce platforms like Amazon (NASDAQ: AMZN), the market growth of liver health supplements in surging and is anticipated to propel in the coming years as well. Moreover, the emergence of online pharmacies such as NetMeds and 1Mg, positively impacting the market growth.

In August 2020, Sabinsa Corporation, a leading player in the global market for liver health supplements, recently introduced a new combination to support healthy liver functioning, LivLonga. LivLonga combines three natural ingredients including turmeric, kokum fruit, and black pepper. These ingredients are a rich source of antioxidants and offer multiple benefits for heart, liver, and gut. The proliferation of non-alcoholic steatohepatitis (NASH) is characterised by fat deposition in the liver worsened by cellular damage and inflammatory, which may cause liver cancer. Such developments by leading market players are driving the growth of the market.

Market Analysis by Product, Dosage Form, Distribution Channel, Type, and Region:

  • On the basis of product, the market can be divided into vitamins and minerals, and herbal supplements, among others.
  • Based on dosage form, the market can be categorised into liquid, capsules, powder, and tablets, among others.
  • Based on distribution channel, the market can be segmented into e-commerce, drug stores and pharmacies, and supermarket/hypermarket, among others.
  • Based on type, the market divisions include prescribed and over the counter.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising prevalence of liver diseases like cancer and fatty livers caused by unhealthy food consumption and alcohol consumption.
  • As a result of increasing disposable incomes and the focus on physical health amongst the urban populations, the growing demand for liver supplements is fuelling the market growth.
  • The easy availability of over-the-counter liver supplements from supermarkets, pharmacies, and e-commerce channels is augmenting the market's growth.
  • The market growth is attributable to leading market players' robust promotional and marketing strategies to spread awareness regarding liver health.

Key Offerings of the Report:

  • The EMR report gives an overview of the global liver health supplements industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for products, dosage forms, distribution channels, types, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global liver health supplements market are Nature’s Bounty, NOW Foods, Jarrow Formulas, Inc., NUTRALife, Himalaya Herbal Healthcare, Gaia Herbs, and Swanson Health Products, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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