Market Overview:
The global milk thistle seed oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for milk thistle seed oil in the food and cosmetics industries. Milk thistle seed oil is used as a food additive and as an ingredient in cosmetic products owing to its beneficial properties such as anti-inflammatory, antioxidant, and hepatoprotective effects. In addition, the growing awareness about the health benefits of milk thistle seed oil is also contributing to its increasing demand worldwide. Based on type, the global milk thistle seed oil market can be segmented into food grade, cosmetics grade, and industrial grade segments. The food grade segment accounted for a major share of the global milk thistle seed oil market in 2017 and is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its growing use in various applications such as bakery products, confectionery items, dairy products etc., across regions worldwide.
Product Definition:
Milk thistle seed oil is an oil that is extracted from the seeds of the milk thistle plant. Milk thistle seed oil is a natural source of antioxidants, including silymarin. Silymarin is a compound that has been shown to have anti-inflammatory and antioxidant properties. Milk thistle seed oil may be used to help support liver health.
Food Grade:
Food grade is the product which has passed the food & drug administration (FDA) test for its usage in food products. It's a common practice to use food-grade oil in nutraceuticals and dietary supplements as it contains fatty acids, sterols and other components which are beneficial for human health. Food grade oil is also used extensively by restaurants, fast-food joints and even by regular eateries to cook with.
Cosmetics Grade:
Cosmetics grade is the product that has passed through several quality checks and meets all the industry standards. It is used in various applications such as skincare, hair care, makeup products, perfumes among others. The demand for cosmetics grade oil has increased over the past few years on account of rising awareness regarding health and skin-care especially among women across different age groups.
Application Insights:
Milk thistle seed oil finds several applications in the pharmaceutical and healthcare sector owing to its antioxidant, anti-inflammatory and liver protective properties. The product is used as a nutritional supplement for patients undergoing dialysis or living with cancer. It also helps maintain cholesterol levels, blood pressure levels and reduces the risk of heart diseases by strengthening immunity against viruses & bacteria.
The food additives segment held around 25% of the global milk thistle seed oil market share in 2017 due to extensive usage as an ingredient in various processed foods such as cereals, bakery products, snacks bars & mixes along with functional ingredients such as emulsifiers that are used across various industries including dairy nutrition bars & snacks among others.
Milk thistle seed extract is widely utilized for manufacturing cosmetics.
Regional Analysis:
Europe accounted for the largest share of over 40.0% in 2017 owing to growing consumer awareness regarding health and well-being coupled with stringent regulations by the European Union (EU) about consumption of silymarin content food products. The region is expected to witness a significant rise in demand for milk thistle seed oil due to its liver protective properties, which will drive industry growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 on account of rising product demand as an anti-aging ingredient and increasing number pharmaceutical companies investing in this region, especially China and India. In addition, rising awareness among consumers regarding healthy living lifestyles coupled with high disposable income will drive market growth further.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of milk thistle oil
- Growing popularity of herbal supplements and essential oils
- Proliferation of online retail channels
- Expanding applications for milk thistle oil in cosmetics, personal care products, and dietary supplements
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Thistle Seed Oil Market Research Report
By Type
Food Grade, Cosmetics Grade, Industrial Grade
By Application
Pharma and Healthcare, Food Additives, Cosmetic and Skin Care, Others
By Companies
LIVERD Pharma, Huacheng Pharmaceutical, TY Pharmaceutical, Panjin Fengrui, Panjin Milk Thistle Biology, Yanbian Yuanshan Oil Technology, Shengbo Silymarin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Milk Thistle Seed Oil Market Report Segments:
The global Milk Thistle Seed Oil market is segmented on the basis of:
Types
Food Grade, Cosmetics Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharma and Healthcare, Food Additives, Cosmetic and Skin Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LIVERD Pharma
- Huacheng Pharmaceutical
- TY Pharmaceutical
- Panjin Fengrui
- Panjin Milk Thistle Biology
- Yanbian Yuanshan Oil Technology
- Shengbo Silymarin
Highlights of The Milk Thistle Seed Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Cosmetics Grade
- Industrial Grade
- By Application:
- Pharma and Healthcare
- Food Additives
- Cosmetic and Skin Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milk Thistle Seed Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Milk thistle seed oil is a natural supplement that has been used to treat a variety of health conditions for centuries. It is made from the seeds of the milk thistle plant, and contains high levels of antioxidants, including silymarin, which has been shown to help protect against liver damage.
Some of the major companies in the milk thistle seed oil market are LIVERD Pharma, Huacheng Pharmaceutical, TY Pharmaceutical, Panjin Fengrui, Panjin Milk Thistle Biology, Yanbian Yuanshan Oil Technology, Shengbo Silymarin.
The milk thistle seed oil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Milk Thistle Seed Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Milk Thistle Seed Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Milk Thistle Seed Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Milk Thistle Seed Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Milk Thistle Seed Oil Market Size & Forecast, 2020-2028
4.5.1 Milk Thistle Seed Oil Market Size and Y-o-Y Growth
4.5.2 Milk Thistle Seed Oil Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Cosmetics Grade
5.2.3 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharma and Healthcare
6.2.2 Food Additives
6.2.3 Cosmetic and Skin Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Milk Thistle Seed Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Milk Thistle Seed Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Cosmetics Grade
9.6.3 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharma and Healthcare
9.10.2 Food Additives
9.10.3 Cosmetic and Skin Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Cosmetics Grade
10.6.3 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharma and Healthcare
10.10.2 Food Additives
10.10.3 Cosmetic and Skin Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Cosmetics Grade
11.6.3 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharma and Healthcare
11.10.2 Food Additives
11.10.3 Cosmetic and Skin Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Cosmetics Grade
12.6.3 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharma and Healthcare
12.10.2 Food Additives
12.10.3 Cosmetic and Skin Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Cosmetics Grade
13.6.3 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharma and Healthcare
13.10.2 Food Additives
13.10.3 Cosmetic and Skin Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Milk Thistle Seed Oil Market: Competitive Dashboard
14.2 Global Milk Thistle Seed Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LIVERD Pharma
14.3.2 Huacheng Pharmaceutical
14.3.3 TY Pharmaceutical
14.3.4 Panjin Fengrui
14.3.5 Panjin Milk Thistle Biology
14.3.6 Yanbian Yuanshan Oil Technology
14.3.7 Shengbo Silymarin
