Liver Health Supplements Market Analysis

Global Liver Health Supplements Market Overview

The Liver Health Supplements Market Size was valued at USD 8.5 Billion in 2022 and is projected to grow from USD 9.00 Billion in 2023 to USD 14.23 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2023 - 2032). Fast food and alcohol consumption have increased as a result of changing lifestyle habits, which also contributes to the increasing prevalence of liver disorders such fatty liver disease and liver cancer are the key market drivers enhancing the market growth. 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Liver Health Supplements Market Trends

• Growing liver ailments is driving the market growth

Market CAGR for liver health supplements is being driven by the liver ailments. The market will inevitably expand in the next years due to the increased prevalence of liver ailments such as obesity, fatty liver, liver cancer, and severe cirrhosis among the world's population. Globally, there were approximately 830,180 liver cancer deaths (8.3%) and 905,677 (4.7%) new cases of liver cancer in 2020, according to GLOBOCAN statistics. Furthermore, the market participants would have several possibilities to develop additional supplements due to the growing demand for liver health supplements for liver cancer. So, the market is anticipated to see considerable expansion during the projected period. During the anticipated period, the industry would also gain from the general population's propensity to use alcohol. Additionally, ingesting many salty and packaged meals may harm the liver's function and cause huge amounts of sugar to be consumed as soft beverages. The National Institutes on Alcohol Abuse and Alcoholism estimated that 85.6% of people ages 18 and older used alcohol at some time in their life in March 2022. (In this age group, men make up 59.1%, and women make up 50%). So, the market is projected to be driven by an increase in alcohol consumption throughout the forecast period. The British Liver Trust organizes programs to encourage early detection and treatment and raise awareness of all liver illnesses.

To raise awareness about hepatitis and the general condition of the organ, the Institute of Liver and Biliary Sciences (ILBS), situated in Delhi, India, runs several programs. In recent years, several emerging nations, like China and India, have seen rapid economic development. As a result, these nations' GDP at Purchasing Power Parity (PPP) has increased. A middle-class population has emerged in terms of buying power thanks to the expansion in GDP-PPP. As a result, the middle-class populace is now embracing high-quality health items, including supplements. The market for supplements to support liver health is anticipated to develop because of this. The market for liver health supplements is anticipated to be driven by a rise in the frequency of chronic liver illnesses and liver cirrhosis. According to NIH 2019, liver cirrhosis is the 11th most prevalent cause of mortality, accounting for almost 1 million fatalities globally. As a result of the rising incidence of liver illnesses, there is an increased worry about maintaining good liver health.

Additionally, the market is being driven by the rise in obesity, alcoholic consumption, and fatty liver disease cases across all age groups. The American Liver Foundation estimates that 90 to 100 percent of heavy drinkers have fatty liver. Additionally, the working population's increasing use of vitamin goods has significantly influenced regional market expansion.Thus, driving the liver health supplements market revenue.

Liver health supplements Market Segment Insights

Liver health supplements Product Insights

Based on Product, the market segments of liver health supplements includes vitamins & minerals, herbal supplements, and others. The herbal supplements segment dominated the market, accounting for 35% of market revenue. To promote liver function, herbal remedies often contain milk thistle, dandelion, turmeric, artichoke leaf, and mushrooms. Customers choose milk thistle-based products because research has linked milk thistle to better liver function. It is particularly effective in treating nonalcoholic fatty liver disease (NAFLD), a typical hepatic symptom of metabolic syndrome. Millions of people consume milk thistle to keep their livers healthy. Consequently, there is an increase in the use and consumption of herbal supplements.

Liver health supplements Dosage form Insights

Based on dosage form, the liver health supplements market segmentation includes capsules, tablets, powder, and others. The capsules category generated the most income. The capsule is a commonly used dosage form because it allows the chemicals to combine in a single dose form. The stomach lining is shielded from irritant components by capsules, which also lessen gastrointestinal discomfort. The demand for these supplements in capsule form is further fueled by growing consumer awareness of the benefits of capsule formulations, which is helping the segment's growth.

Figure 1: Liver health supplements Market, by Dosage form, 2022 & 2032 (USD Billion) 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Liver health supplements Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American liver health supplements market will dominate this market due to the region's increased use of supplements for liver health and the rise in chronic illnesses.

Hence the major countries studied in the market report are The US, Canada, Japan, India, German, France, the UK, Italy, Spain, China, Australia, South Korea, and Brazil.

Figure 2: LIVER HEALTH SUPPLEMENTS MARKET SHARE BY REGION 2022 (USD Billion) 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's liver health supplements market accounts for the second-largest market share because chronic liver illnesses are becoming more common, and alcohol use is rising. Furthermore, expanding government healthcare spending and knowledge of liver health supplements also contribute to the market's expansion in this area. Further, the German market of liver health supplements held the largest market share, and the UK market of liver health supplements was the fastest-growing market in the European region.

From 2023 to 2032, the quickest CAGR is anticipated in the Asia-Pacific Liver Health Supplements Market. A few variables influencing regional growth include rising digestive tract illness prevalence, increased disposable income, and expanding consumer knowledge of nutritious products. Additionally, the expanding consumer appeal of personalized nutrition is anticipated to influence the regional demand for liver health supplements. Moreover, China's market of liver health supplements held the largest market share, and the Indian market of liver health supplements was the fastest-growing market in the Asia-Pacific region.

Liver health supplements Key Market Players & Competitive Insights

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Liver health supplements market grow even more. Important market developments include contractual agreements, new product releases, acquisitions and mergers, greater investments, and collaboration with other organizations. The Liver health supplements must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Liver health supplements to serve clients and expand the market sector. The Liver health supplements has provided some of the most important benefits recently. Jollywell, Healeo Nutrition, and other major competitors in the Liver health supplements market are seeking to improve market demand by investing in R&D efforts.

To help individuals battling an unhealthy lifestyle live longer, happier lives, Healeo Nutrition offers them powerful and secure herbal remedies. Every component utilized in herbal supplements comes down to one thing. Potency. Without a high degree of potency, the herb won't affect the body, costing their money for something that won't help them. To achieve maximum potency and bioavailability, Healeo combines Standardised Herbal Extract with Concentrated Herbal Extract. This indicates that you are experiencing more rapid and reliable effects with each serving. In June 2022, Healeo Nutrition introduced the DNA-based Fatty Liver Reversal Programme in Bangalore, India. Customers will be able to receive highly customized dietary plans based on their genetic data that can reverse up to stage 2 fatty liver within 12 weeks.

As long as we follow the sun's cycle, live in tune with nature, and consume in moderation, Jollywell considers ourselves genuinely balanced. People who lead balanced lives are healthier and live longer. At the heart of what Jollywell do is our passion for nature and the desire to live a balanced life. Jollywell employs plant-based ingredients because they think they are more moral, sustainable, and healthier. They commit to exclusively using components derived from plants in our goods because they want to do their part to reduce animal cruelty. Additionally, they will inspire their associates and workers to look for every means possible to improve the welfare of people, animals, and the environment. In November 2022, A new line of goods has been introduced by Jollywell, a high-end online nutraceutical company renowned for its life-improving nutritional supplements to help individuals stay healthy for longer. Pure, plant-based, non-GMO supplements are safer for the body since they are carefully prepared with nature's greatest superfoods.

Key Companies in the market of liver health supplements include

• 
  

  NUTRALife

  
  


• 
  

  Himalaya Herbal Healthcare

  
  


• 
  

  Enzymedica

  
  


• 
  

  Gaia Herbs

  
  


• 
  

  Thompson's (Integria Healthcare)

  
  


• 
  

  Jarrow Formulas, Inc.

  
  


• 
  

  NOW Foods

  
  


• 
  

  Swanson Health Products

  
  


• 
  

  Nature's Way

  
  


• 
  

  Nature's Bounty

  
  


• 
  

  Irwins Natural.

  
  

Liver health supplements Industry Developments

February 2023:The newest product in Gencor's line of herbal supplements is called 4Liver. 4Liver was created by combining cutting-edge technology and ancient herbal extracts used in Indian ayurveda practices for centuries. It was created to help maintain this important organ healthy by preventing fatty liver through continual detoxification, enhanced metabolism, and appropriate functioning.

January 2022:With an investment of more than USD 12 million in infrastructure, equipment, and employees, Gaia Herbs extended its operation in North Carolina.

Liver health supplements Market Segmentation

Liver health supplements Product Outlook

• 
  

  Vitamin & Minerals

  
  


• 
  

  Supplements

  
  


• 
  

  Others

  
  

Liver Health Others Dosage Form Outlook

• 
  

  Capsules

  
  


• 
  

  Tablets

  
  


• 
  

  Powder

  
  


• 
  

  Others

  
  

Liver health supplements Regional Outlook