Saw Palmetto Berries Market to Reach $325.6 Million, Globally, by 2035 at 5.6% CAGR: Allied Market Research

The growth of the saw palmetto berries market is driven by increasing health consciousness, rising prevalence of prostate disorders, a preference for natural remedies, expanding dietary supplement industry, and advancements in product formulations and distribution networks.

WILMINGTON, Del., June 26, 2024 /PRNewswire/ — Allied Market Research published a report, titled, Saw Palmetto Berries Market by Form (Powder, Capsules/Tablets, Liquid Extracts), by Source (Organic, Coventional), by Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals): Global Opportunity Analysis and Industry Forecast, 2024-2035″. According to the report, the “saw palmetto berries market” was valued at $172.4 million in 2023, and is estimated to reach $325.6 million by 2035, growing at a CAGR of 5.6% from 2024 to 2035.

Allied Market Research Logo

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A32241

Prime determinants of growth 

One of the major drivers in the saw palmetto berries market is primarily driven by increasing awareness about the health benefits of saw palmetto berries, particularly in promoting prostate health and managing urinary symptoms, fuels demand. Moreover, rising consumer preference for natural remedies and herbal supplements further propels market growth. The expanding aging population, particularly in regions like North America and Europe, contributes significantly to market expansion as these demographics are more prone to prostate-related issues. Moreover, advancements in extraction technologies and the growing availability of saw palmetto products in various forms such as capsules, extracts, and oils are enhancing market accessibility.

Report coverage & details:

Report Coverage 

Details 

Forecast Period 

2024–2035

Base Year 

2023

Market Size in 2023 

$172.4 Million

Market Size in 2035 

$325.6 Million

CAGR 

5.6 %

No. of Pages in Report 

282

Segments Covered 

Form, Source, Application, And Region.

Regional Scope   

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa   

Country Scope

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, Colombia, GCC And South Africa.

Drivers 

Health Benefits

Increasing Demand for Organic Products

Natural Remedies Trend

Opportunities 

Expansion Of Product Offerings

Partnerships With Healthcare Professionals

Innovation In Formulations

Restraints 

Limited Supply

Competition From Synthetic Alternatives

Price Volatility

The powder segment to maintain its leadership status by 2035

By form, the powder segment held the highest market share in 2023, accounting for more than two-fifths of the saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Saw palmetto berry powder can be easily incorporated into various products, including capsules, tablets, teas, and functional foods, making it highly adaptable for different consumer preferences and product formulations. Its stability and ease of storage without the need for preservatives enhance its appeal to manufacturers and consumers seeking natural and convenient health solutions. Moreover, powdered extracts allow for standardized dosing, ensuring consistent potency and efficacy, which is crucial for health supplements targeting specific conditions like benign prostatic hyperplasia (BPH). The powder form also enables better absorption and bioavailability of the active compounds, further boosting its popularity.

Procure Complete Report (282 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/saw-palmetto-berries-market

The organic segment to maintain its leadership status by 2035

By source, organic segment held the highest market share in 2023, accounting for more than half of the global saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Rise in consumer preference for natural, chemical-free products that align with health and environmental values. Organic saw palmetto berries are cultivated without synthetic pesticides, fertilizers, or GMOs, appealing to health-conscious consumers who prioritize purity and sustainability in their supplements. This trend is particularly strong among millennials and individuals seeking clean-label products and drive the higher demand for organic options. 

The dietary supplement segment to maintain its leadership status by 2023

By application, the dietary supplement segment held the highest market share in 2023, accounting for nearly half of the global saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Saw palmetto supplements are widely used to manage symptoms of benign prostatic hyperplasia (BPH), making them popular among aging populations and men concerned with urinary health. The convenience and ease of consumption of dietary supplements, available in various forms such as capsules, tablets, and soft gels, cater to consumer preferences for simple and effective health solutions. Moreover, the increasing focus on preventive healthcare drives the demand for dietary supplements as consumers seek natural ways to maintain their health and well-being. The growing awareness of the benefits of saw palmetto in supporting hormonal balance and overall wellness further drives the demand for the segment.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A32241

North America to maintain its dominance by 2035

By region, Asia-Pacific is anticipated to dominate the market with the largest share during the forecast period. North America region’s native growth of the Serenoa repens palm tree, primarily found in the southeastern United States, ensures a reliable and abundant supply of high-quality saw palmetto berries. This local availability supports large-scale harvesting and production, reducing costs and ensuring product consistency. Moreover, North America has a well-established dietary supplement industry, driven by high consumer awareness and demand for natural health products. The prevalence of prostate health issues among the aging male population in the U.S. and Canada also boosts the market for saw palmetto supplements, which are widely recognized for their benefits in managing benign prostatic hyperplasia (BPH).

Leading Market Players: –

  • Valensa International
  • Optimized Plant Nutrients
  • Naturalize Biotech Corp
  • Labnica
  • Bio-Botanica
  • Maypro
  • Jiaherb
  • Hunan Nutramax,
  • Xian Changyue Phytochemistry
  • Atlantic Phytochemicals & Extracts

The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting market growth.

Trending Reports in Industry:

Ayurvedic Herbs Market Size, Share, Competitive Landscape and Trend Analysis Report, 2021-2028

Herbal Dietary Supplement Market Size, Share, Competitive Analysis Report, 2023-2032

Dragon Fruit Market Analysis and Industry Trend Forecast, 2024-2035

Superfruit Market Size, Share, Competitive Landscape and Analysis, 2021-2028

Dietary Supplement Market: Global Opportunity Analysis and Industry Forecast, 2024-2035

Fruit Puree Market Opportunity Analysis and Industry Forecast, 2021-2031

IQF Fruits Market: Global Opportunity Analysis and Industry Forecast, 2021-2031

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int’l: +1-503-894-6022

Toll Free: +1-8007925285

Fax: +1-800-792-5285

[email protected]

Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages

Follow Us on | Facebook | LinkedIn | YouTube

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/saw-palmetto-berries-market-to-reach-325-6-million-globally-by-2035-at-5-6-cagr-allied-market-research-302182909.html

Featured image: Megapixl © Juliasudnitskaya

Disclaimer