United States Thyroid Extract Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The US Thyroid Extract Market has been experiencing significant growth over the past few years, driven by increasing demand for natural thyroid supplements across various industries. As more individuals turn to alternative therapies for managing thyroid-related issues, the demand for thyroid extract has surged. These extracts are derived from animal thyroid glands and are considered a natural remedy for those suffering from hypothyroidism or thyroid imbalances. This market's diverse applications extend beyond the health and wellness industry, making it a valuable ingredient in several sectors.
The thyroid extract market is segmented into different types, including desiccated thyroid, liquid thyroid extract, and powdered thyroid extract. Desiccated thyroid is the most commonly used type and is often preferred for its stability and ease of use. This form is available in tablet and capsule forms, catering to the specific needs of patients. Liquid thyroid extract is another popular option, as it is absorbed faster by the body, offering a quicker relief for those dealing with thyroid hormone deficiencies. Powdered thyroid extract, although less commonly used, is gaining traction in the pharmaceutical and supplement manufacturing industries due to its flexibility in formulation.
Industries such as pharmaceuticals, health supplements, and personal care products heavily rely on thyroid extract. In the pharmaceutical sector, thyroid extracts are incorporated into medications that treat hypothyroidism, and there is a growing demand for prescription-based thyroid extract drugs. The dietary supplement industry, on the other hand, uses these extracts in capsules, tablets, and powders that are marketed as natural solutions for thyroid support. Additionally, personal care industries, particularly those focused on skin care and anti-aging, are increasingly utilizing thyroid extracts in their formulations for their potential benefits in skin rejuvenation.
The rising interest in organic and natural products has led to the increasing requirement for thyroid extracts across various industries. Moreover, the awareness surrounding the therapeutic benefits of thyroid extract is expanding, prompting manufacturers to develop new and improved products. As demand continues to grow, the US Thyroid Extract Market is poised for further expansion, with diverse applications in health, wellness, and personal care markets driving the industry's future trajectory.
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Bioiberica
Sichuan Deebio Pharmaceutical Co. Ltd
Nordmark
Allergan
Aspen Pharmacare
RLC labs
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Thyroid Extract Market
Animal-based Thyroid Extract
Plant-based Thyroid Extract
Hyperthyroidism Treatment
Hypothyroidism Treatment
Diagnostic Use
Tablets
Capsules
Liquids
Hospitals
Clinics
Homecare Settings
Online Pharmacies
Retail Pharmacies
Hospital Pharmacies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Thyroid Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Thyroid Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Thyroid Extract Market, By Type
6. US Thyroid Extract Market, By Application
7. US Thyroid Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Thyroid Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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