Pune, India, June 15, 2021 (GLOBE NEWSWIRE) -- The growing cases of liver diseases around the world can be an essential factor expected to fuel demand for liver health supplements, states Fortune Business Insights, in a report, titled “Liver Health Supplements Market Size, Share & Industry Analysis, By Product (Vitamins & Minerals, Herbal supplements, Others), By Form (Capsules, Tablets, Powder, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Regional Forecast, 2019-2026” the increasing alcohol consumption among the population is expected to create opportunities for the market.
The coronavirus crisis has posed financial threats to several industries across the globe. The governments of several countries have implemented lockdown to reduce the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
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The report liver health supplements market encompasses:
- Authoritative insights into the market
- All-encompassing data about industry players
- Key market drivers
- Valuable insights into all the regions
High Awareness about Liver Health to Boost Market in Europe
The market is expected to remain dominant during the forecast period. The growth in the region is attributed to the increasing prevalence of chronic liver diseases. The increasing alcohol consumption in European countries is likely to spur opportunities for the market in Europe. The favorable government policies and healthcare expenditure are factors expected to aid expansion in the region. The growing awareness regarding liver health is expected to further promote development in the region. North America is expected to witness a substantial growth rate during the forecast period owing to the prevalence of chronic diseases.
The increasing adoption of liver health supplements is expected to encourage the growth of the market in the region. Asia Pacific is expected to experience significant growth during the forecast period owing to the rising geriatric population. The sedentary lifestyle is expected to uplift the market in the region. The developing healthcare infrastructure and high concerns regarding liver health are factors expected to drive the market in Asia Pacific
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Rising Prevalence of Hepatic Steatosis to Aid Expansion
The growing cases of chronic liver diseases and liver cirrhosis are predicted to contribute positively to the growth of the market. According to NIH 2019, liver cirrhosis accounts for approximately 1 million deaths worldwide, and it is currently the 11th most common reason for death. The rising incidence of Fatty liver diseases also known as Hepatic Steatosis among all age groups is likely to spur opportunities for the market.
The rising alcohol consumption in various countries has led to numerous types of liver diseases, which is expected to further improve the prospects of the market. According to the American Liver Foundation, fatty liver is present in approximately 90 to 100 percent of heavy drinkers. The increasing obese population is expected to create lucrative business opportunities for the market in the forthcoming years. The growing acceptance of vitamin supplements among the working class is expected to enable speedy expansion of the market.
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Product Launches by Eminent players to Consolidate Business
The market is steered by the presence of major players such as NOW Foods, Nutralife Health Products Inc., Himalaya Herbal Healthcare, Enzymedica, Gaia Herbs, Integria Healthcare. The key players are focused on reinforcing their position in the market. The adoption of various strategies by prominent players including product launches, partnerships, acquisitions, and collaborations to maintain a strong foothold in the industry. For instance, in March 2017, Gaia Herbs introduced a line of products to its Mushroom+Herbs Collection. The company released five products, Everday Immune, Mental Clarity, Reishi+Turmeric, Cordyceps+, and Liver Defense.
The Report Lists the Key Companies in the Global Market:
- NOW Foods
- Nutralife Health Products Inc.
- Himalaya Herbal Healthcare
- Enzymedica
- Gaia Herbs
- Integria Healthcare
- Irwin Naturals
- Nature’s Bounty
- Nature's Way Products, LLC
- Swanson,
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