Blessed Thistle Supplements Market Size (2024-2030)

Elevate Your Health Journey: Discover Unrivaled Insights into the Global Blessed Thistle Supplements Market.

Blessed Thistle Supplements Market is estimated to be $88.94 Million in 2023 and is estimated to reach a value of $141.89 Million by 2030, growing at a CAGR of 6.9 % during the forecast period of 2024 – 2030.

The blessed thistle, scientifically known as Cnicus benedictus, is a thorny, flowering plant native to the Mediterranean region. It has been historically used as a traditional medicine for digestive ailments and as a galactagogue, a substance that stimulates breast milk production is well-documented. It has spiny leaves and vibrant yellow flowers that blooms in late summer, this plant earned its name from its revered status in traditional medicine due to its perceived multitude of health advantages. Its bioactive components include bitter sesquiterpene lactones, tannins, and flavonoids, which are believed to harbor anti-inflammatory and digestive attributes. Throughout history, blessed thistle has played a prominent role in traditional medicine as a remedy for digestive concerns and as a galactagogue to augment breast milk synthesis in lactating mothers. Its historical applications also extend to addressing menstrual issues and boosting appetite.

Even in contemporary society, the blessed thistle continues to find relevance as numerous individuals worldwide still incorporate it into their health practices as a natural remedy. This enduring popularity can be attributed to the significant number of potential benefits it offers, by addressing a range of concerns from bolstering digestive health to promoting lactation. Its effectiveness in enhancing digestive well-being is underlined by its demonstrated ability to treat inflammation within the gastrointestinal system. Furthermore, its presence as a galactagogue aids in the stimulation of breast milk production. Additionally, the potential of blessed thistle in treating inflammation throughout the body remains noteworthy, as it is believed to play a role in addressing various chronic conditions.

Global Blessed Thistle Supplements Market Drivers:

A wide number of health benefits provided by Blessed Thistle is fueling the growth of the Blessed Thistle Supplements Market:

Blessed Thistle has traditionally been used to cure many diseases and still finds its prevalence to treat issues like digestion, inflammation, nursing mothers, and stimulates breast milk production, and strengthens immune systems among various other benefits. There has also been a shift in the preference of consumers to opt for natural remedies to treat diseases and reduce the side effects that are linked with various allopathic and other conventional medicines. Additionally, these supplements are more affordable than allopathic medicines and are convenient to consume which is the major driving factor for the Blessed Thistle Market.

Increased research and innovation in this field have also been contributing to the growth of the Blessed Thistle Supplements Market.

The scientific research in finding out the health benefits of blessed thistle and the innovation to extract the complete health benefit from the raw material and inculcating them into the product for easier use by the consumers has been raising consumer’s confidence in Blessed Thistle Supplements. Moreover, effective marketing and educational efforts have been carried out by the pharmaceutical companies which are creating awareness about the health benefits provided by Blessed Thistle Supplements are increasing consumer interest in the product and contributing to the growth of the Market.

Global Blessed Thistle Supplements Market Challenges:

Blessed thistle has been proven to be beneficial for women who are breastfeeding but there are also several cases where women who were consuming them have experienced constipation and other digestive-related ailments. Blessed thistle may potentially lead to adverse effects such as abdominal discomfort, bloating, gas, and diarrhea, primarily affecting the gastrointestinal system. Ingesting blessed thistle orally has been associated with disruptions in bowel regularity, loss of appetite (anorexia), and the emergence of unpleasant or uncomfortable stomach-related symptoms. Individuals who experience allergies to plants like marigolds, ragweed, daisies, and chrysanthemums are especially prone to developing allergic reactions when exposed to blessed thistles. These potential side effects may result in hindering the growth of the Global Blessed Thistle Supplements Market.

Global Blessed Thistle Supplements Market Opportunities:

Blessed thistles have been used as traditional medicine for a long time and increased research and innovation in this field have opened the doors for a lot of new opportunities to explore. Blessed thistle supplements are available in a variety of range that includes capsules, powder, tablets, and teas among more which is appealing to a large audience who can consume them according to their preference. Its digestion and lactation health benefits have already been attracting huge consumers to the market and the scientific validation has boosted the confidence of consumers in such products. Manufacturers have also been exploring the customization of the supplement and its usage in foods and beverages to diversify the offerings of the product and cater to different groups of consumers according to their consumption preferences.

COVID-19 Impact on Global Blessed Thistle Supplements Market:

Blessed Thistle Supplements Market was one the few markets that witness a growth in this revenue during the COVID-19 pandemic. The shift in consumer preference opting for natural sources of remedies to treat disease coupled with the immune system-enhancing property of Blessed Thistle which became the need of the hour during the tough period of COVID-19 propelled the growth of the market significantly. Consumers getting more conscious about their health in the post-pandemic phase will result in an increase in the demand for Blessed Thistle supplements and contribute to market growth.

Global Blessed Thistle Supplements Market Recent Developments:

• In August 2023, Outlook India mention Neuro Calm Pro as one of the best blessed thistle supplements for neuropathy help in nerve generation
• In April 2023, Quietum Plus launched a product that contains 60 pills. It contains Blessed Thistle, False Unicorn, and Chasteberry among others, and promises to cure Tinnitus, a constant buzzing sound in ears, and provide relief from it. Quietum Plus also provides a 60-day money-back guarantee if the product doesn’t work.
• In January 2020, The Vitamin Shope and Nature’s Bounty Co. announced a partnership to launch a new herbal product.

BLESSED THISTLE SUPPLEMENTS  MARKET REPORT COVERAGE:

Global Blessed Thistle Supplements Market Segmentation:

Global Blessed Thistle Supplements Market Segmentation: By Product Type

• Powder and Granules
• Capsule
• Liquid Extract
• Specialty Oils

Capsule form of blessed thistle supplement dominated the segment by holding the largest revenue and is poised to hold the position during the forecast period. Capsules are generally the very convenient and easiest way for consumers to use it. The growth of this segment can also be attributed to the wide availability of capsules in pharmaceutical stores. Granules and powder are also the fastest growing segment and are estimated to hold a substantial part of the market revenue in the coming future after capsules.

Global Blessed Thistle Supplements Market Segmentation: By Application

• Healthcare Sector
• Food Industry
• Cosmetic Industry
• Others

The healthcare sector accounted for the largest revenue holder of the market and hence it has dominated the segment and is poised to hold the position. This is owing to the fact that blessed thistles were traditionally used for medicinal purposes and it still finds its relevance in the contemporary period for the same purposes that include improving digestion and stimulating lactation in mothers for breastfeeding among others. With research and innovation, blessed thistles are also finding its application in the cosmetic industry, people are getting more conscious about the way look and hence this segment is estimated to grow at the fastest rate during the forecasted period.

Global Blessed Thistle Supplements Market Segmentation: By Distribution Channel

• Pharmacy Store
• Convenience Stores
• Supermarkets/ Hypermarkets
• Others

Pharmacy stores held the highest market revenue in 2022 and hence it was the most dominant segment. Blessed thistles supplements are primarily used as a medicine and hence they are mostly available in pharmaceutical stores. Also, there has been an increase in the number of pharmacy stores across the world which has contributed to boosting the market of the segment too. Supermarkets/hypermarkets are the fastest-growing segment after pharmacy stores and are projected to hold considerable revenue during the forecast period.

Global Blessed Thistle Supplements Market Segmentation: By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

The Asia Pacific region is poised for substantial growth in the upcoming forecast period. This growth can be attributed to the surging demand for blessed thistle, which has been fueled by the increasing acceptance of ayurvedic clinics and traditional practices. The market's appetite for blessed thistle extracts has seen an upswing, primarily driven by the continuous upward trend in the consumption of ayurvedic tea across these regions. According to estimates from the World Health Organization, approximately two-thirds of the population in developing nations rely on herbal medicine as part of their healthcare regimen. Herbal remedies are deeply ingrained in various indigenous medical systems, including Ayurvedic, homeopathic, naturopathic, traditional Oriental, Chinese, and Native American Indian traditions.

Global Blessed Thistle Supplements Market Key Players:

1. Nature’s Way
2. Natures’ Bounty Co
3. White Horse Healing Works Pvt. Ltd.
4. Supreem Pharmaceuticals
5. ByHealth
6. Solgar
7. Nature Made
8. Thompsons
9. Jarrow Formula
10. Sundown Naturals