Liver Health Supplements Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the liver health supplements market was USD 9.1 billion in 2022, and a CAGR of 5.9% is expected during the forecast period. Liver health and its functionality plays an important role in maintaining the body function of an individual. The emergence of large number of liver health supplements, that promotes healthy liver function by cleansing the liver is driving the growth of the market.  Due to the excess consumption of alcohol, oily foods, and junk food, the cases of jaundice, fatty liver disease, and hepatitis C are increasing worldwide. It drives the growth of consumption of liver health supplements. The liver and kidney are two important body organs.

Due to their hectic lifestyles, people are heavily dependent on ready-to-eat food, which is too fatty and oily. In countries like India and China, where there is a large population and rapid urbanization and industrialization are going on, people are compelled to eat such food, and they are more susceptible to liver disease. Dirty water also harms the liver, and all these factors are responsible for growing the market towards success. Increasing awareness about fatty liver, and several other diseases related to liver is encouraging the people to use liver supplements.

Impact of Covid-19

COVID-19 brought a significant shift in the priorities of the people. During the pandemic, people became more concerned about their lungs and respiratory systems. All the immunity boosters taken by the people were beneficial for the whole body's organs. So there was a significant slowdown in the beginning phase of the pandemic due to disruptions in the supply chain. There was a surge in demand for products containing ingredients like milk thistle, turmeric, and antioxidants due to their perceived liver-supporting properties. Covid-19 had a mixed impact on Liver health supplements market. Immunity boosters taken by people during the covid-19 helped people to overcome these issues.

Growth Drivers

Rising Awareness

Increased knowledge about liver diseases and the importance of liver health has driven the demand for preventive measures, including supplements. Fatty liver causes several health diseases, like hepatitis-C and liver psoriasis. Increasing awareness among the people due to efforts of various government, and private organizations inspired them to take these liver health supplements.

Lifestyle Changes

Unhealthy diets, sedentary lifestyles, alcohol consumption, and stress have amplified concerns about liver health. Prompting individuals to seek supplements for liver support. Alcohol is the biggest cause of liver diseases, and thus it is the biggest factor driving the growth of the market. People are least bothered about their health, and this is directly having a negative impact on their various body organs like liver, kidney, and lungs.

Aging Population

Body organs like the liver, lungs, and kidney become more disease-prone with increasing age. Older people normally consume more alcohol, and they are relatively contributing more to the growth of this market. Old age people are suffering from organ failures problem. They need this liver health supplement more than young people.

Medical Conditions

Conditions such as non-alcoholic fatty liver disease and hepatitis have garnered attention, prompting individuals to explore supplements as complementary support alongside medical treatments. Asia Pacific due to the large population and excessive demand for liver supplements is driving the growth of this market. Hepatitis-C, and Hepatitis-B, has become very common disease. People have to take liver health supplement in order to avoid these liver diseases.

E-commerce

Easy access to supplements through online platforms has significantly widened the market reach, making these products more accessible to consumers globally. Growing interest in natural and herbal remedies has propelled the demand for supplements containing ingredients perceived to benefit liver functions. Regulatory bodies are emphasizing the significance of liver health and supporting the use of supplements within the recommended guidelines, which has boosted consumer confidence in these products. LIV-52 is a very common liver health supplement used by all age people. Advent of E-commerce has brought a positive change in the dynamics of the market.

Segmentation

Products

·         Vitamins and Minerals

·         Herbal Supplements

·         Others

Dosage Form

·         Capsules

·         Tablets

·         Powders

·         Others

Distribution Channel

·         Hospital Pharmacy

·         Retail Pharmacy

·         Online

Regional Outlook

·         North America

·         Latin America

·         Asia Pacific

·         Europe

·         Middle East and Africa

Liver Health Supplements Dosage Form Segmentation

On the basis of dosage form, the liver health supplement is segmented into capsules, tablets, powders, and others. Capsules and tablets tend to lead the liver health supplement market due to their convenient consumption and standardized dosages. However, the powder and liquid forms are also gaining traction, especially among consumers who prefer flexibility in dosages or who find it easier to incorporate into their daily routines. Choice depends on an individual's preferences and specific health needs.

Regional Outlook

On the basis of regions, the liver health supplements market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. Asia Pacific, due to its large population and urbanization in countries like India and China, is the leading market and is expected to remain the same during the forecast period. An increase in the prevalence of chronic liver diseases like hepatitis C and liver cirrhosis is expected to drive the growth of the market significantly.

Due to the presence of key players like Himalaya Herbal Healthcare and others, the market in the region is expected to dominate the world. Due to increased awareness and disposable income, there is a big demand for the products in countries like the United States, Canada, and Mexico. European countries like England, Italy, France, Germany, and Spain are dominating the market. Regions with diverse diets and traditional medical practices have different usage patterns for these supplements.

Emerging markets in Latin America and the Middle East are showing potential growth due to increasing health consciousness and changing lifestyles.

Key Players

·         Himalaya Herbal Healthcare

·         NutraLife

·         EnzyMedica

·         Gaia Herbs

·         Jarrow Formulas

·         Irwin Naturals

·         Integria Healthcare

·         Nature’s Bounty

·         Nature’s Way Product

·         LLC Swanson

·         Now Foods

·         Other Players