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Global milk thistle extracts market growth 2019-2024

author:Naturalindate:2019-03-29 17:10Click: times
Milk Thistle is an herbaceous annual or biennial plant belonging to the Asteraceae family that can grow to be ten feet tall with flowers that are red and purple in color. Milk thistle has been used for over 2,000 years as a natural treatment for liver disorders. The plant is known in scientific circles as the Silybum marianum (L.) Gaertner (syn. Cardous marianus), but it is more commonly known as “milk thistle,” “Holy Thistle,” “St. Mary Thistle” and “Lady’s Thistle.”
 
The compounds in milk thistle seed, which are dominantly flavonoids, include silymarin, silybin, isosilybin and silibinin. Flavinoids act as powerful anti-oxidants, scavenging for reactive oxygen species in vivo. The flavonoid compounds found in milk thistle seed have been extensively studied for its role in supporting liver function.
 
Naturalin's Milk thistle extract powder is standardized to contain 80% silymarin flavinoids, of which are 30% silibinin (silybin) by weight.
 
Globally, Milk Thistle are planted in Europe and Asia. Germany, China, India, Mongolia, etc. has been the major production area of Milk Thistle. The cost of Milk Thistle seed was used to be high, as more and more Chinese farmer start plant Milk Thistle in China, the cost of the extract has been decreased to a large extent. Herbal medicine manufacturers are its main customers, which is also the most value added sector in the industry chain. Chinese suppliers offer products at much lower price, and the products has been founded growing popular in North America. There are also India producers involve in the industry, their either source seeds from North India or overseas. Since demand exist in India pharmaceutical industry, India companies also has to source Milk Thistle extracts from other countries.
 
Judging from the findings of the research, over the next five years the Milk Thistle Extracts market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 120 million by 2024, from US$ 85 million in 2019. 

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