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Liver Health Supplements Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A11213
Pages: NA
Jul 2021 | 49 Views
 
Author(s) : Onkar Sumant
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COVID-19

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Liver health supplements are among the external products which may be either herbal or the chemical compounds extracted for the medicinal purpose. The liver being the largest organ in the human body has a very important role in the system. The liver helps the individual in spotting the toxic substances in the body and turns tis substance into harmless material and allows the body to remove it out from the body. The key function of the liver is also to regulate appropriate blood supply and enhance the blood flow throughout the circulatory system. It has the capability to have a better influence on the other organs involved in this process including stomach, spleen and gall bladder. The liver health can be maintained by avoiding intake of alcohol and regular ingestion of the junk food or unhealthy diet, which include soft drinks and the packaged food having higher concentrations of the preservatives. Furthermore, the liver can be protected using health supplements in certain form such as vitamins and minerals, other herbal supplements which can be incorporated in the form of dosage forms, which is compatible for the individual.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

Forecast units

  Value (USD)

  Segments covered

  Products, Dosage Forms, Distribution Channels, Types and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Nature’s Bounty, NOW Foods, Jarrow Formulas, Inc., NUTRALife, Himalaya Herbal Healthcare, Gaia Herbs, Thompson’s (Integria Heathcare), Nature’s Way, Irwin’s Natural, and Swanson Health Products.

 

COVID-19 scenario analysis:

Pharmaceutical and biotech companies have joined their hands together in order to bring better treatment options for the infected population. The key leaders have been working on the development of vaccines which can be used as prophylaxis and hence solve the problem faced globally. There are around 115 vaccine candidates and 155 molecules in the R&D pipeline. The commonly used drugs such as hydroxyquinoline has experienced sudden surge in the demand, which is showing its effect in the management of the coronavirus disease. Such surge in the demand for these drugs has offered huge opportunity for manufacturers of COVID-19 management drugs. Due to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is projected to witness a significant growth in the future.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rise in the prevalence of the liver diseases among the global population such as liver cancer, fatty liver, severe cirrhosis, obesity would propel the industry to grow in the coming years. The inclination of the majority of the population towards the consumption of alcohol would also boost the industry in the forecast period. Furthermore, the ingestion of the high sugar content in the form of soft-drinks and high content of consumption of salted and packaged products would affect the health of the liver causing it to get damaged. The rise in the number of individuals using such products is expected to flourish the market in the near future. In addition, the growth in initiatives taken by various organizations for the awareness of maintaining liver health and surge in R&D of products useful for maintaining liver health would help the industry grow in the coming years. However, the reduced supervision of the government over the health supplements may hinder the growth of the Liver Health Supplements market in the commenced period.

The global liver health supplements market trends are as follows:

New product launches to boost the market

The rise in the R&D of the supplements to maintain better health of the individuals is anticipated to propel the industrial growth in the forecast period. The recent launches carried out by the key players would also draw the attention of the consumers towards its advanced advantages over other health supplements. For instance, in 2016, Amsety among the key leading players launched a product after research and getting a complete clinical study, a product namely Super 16. This product is proposed to have a proprietary blend of 16 vitamins and minerals and is studied to maintain liver health.

The advancements in the properties of such herbal supplements would help the industry grow in the coming years. Furthermore, in December 2016, Livewell Products LLC brought up a hangover and liver supplement called drinkSMART consisting of mainly vitamins. The surge in the liver diseases is also expected to propel the need for the consumption of liver health supplements.

Additionally, the majority of the key market players are focusing on the research and innovation on new products contributing to the Liver Health Supplements market to provide better health supplements as needed by the consumers. For instance, in March 2017, amongst the major market leaders, Gaia Herbs had declared that it has launched product lines in their collection of health supplements called as Mushroom Plus. The recent product launches included Reishi+Turmeric, Every Day Immune, Liver Defense, and Cordyceps+ in order to gain maximum revenue in the near future.

Surge in liver diseases will propel market growth

The recent study shows that there is a steep rise in the liver diseases, which would propel the industry to grow at a higher pace in the coming years. For instance, the statistics given by Centers for Disease Control and Prevention in 2018 showed that there were about 4.5 million adults diagnosed with liver diseases. Furthermore, the rising prevalence of the liver diseases also alarmed the individuals to adapt preventive measures to maintain liver health. The rising concerns for the quality of life are anticipated to boost the industry in the near future.

According to the Centers for Disease and Prevention, 90 to 100 percent of heavy drinkers experience fatty liver. The higher incidences of liver associated diseases would help the demand for the liver health supplements increase in the coming years, and hence would help the key market players to capture maximum revenue in the forecast period.

Key segments covered:

Segments

Sub-segments

  Products

  • Vitamins and Minerals
  • Herbal Supplements
  • Others

  Dosage Forms

  • Liquid
  • Capsules
  • Powder
  • Tablets
  • Others

  Distribution Channels

  • E-commerce
  • Drug Store and Pharmacies
  • Supermarkets & Hypermarkets
  • Others

  Types

  • Prescribed
  • Over The Counter

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Liver Health Supplements industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Liver Health Supplements market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Liver Health Supplements market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Liver Health Supplements market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Liver Health Supplements Market research report:

  • Who are the leading market players active in the Liver Health Supplements market?
  • What are the current trends will influence the Liver Health Supplements market in the next few years?
  • What are the driving factors, restraints, and opportunities in the Liver Health Supplements market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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