According to a research report published by Spherical Insights & Consulting, the Global Saw Palmetto Berries Market Size Expected to Grow from USD 171.8 Million in 2023 to USD 295.4 Million by 2033, at a CAGR of 5.57% during the forecast period 2023-2033.

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Saw palmetto berries are the fruit of the Serenoa repens palm tree. Small and dark purple drupes; long used in traditional herbal medicine for their therapeutic properties, saw palmetto berries have active ingredients like flavonoids, phytosterols, and fatty acids, which support prostate health and relieve benign prostatic hyperplasia (BPH) symptoms. These berries are made into herbal beverages, topical treatments, medicines, and long-term care supplements. Global trends toward integrated and preventive healthcare, the growing dietary supplement sector, incidences of prostate diseases, more awareness about health, and increasing demand for natural therapies are all contributing to the saw palmetto berries market. The increasing demand for saw palmetto-based products among consumers looking to improve their health brings significant revenues to the saw palmetto market. An example would be the opening of the hitherto inaccessible market with herbal medicines from both home and abroad. Besides general awareness and demand, the globalization of herbal medicines furthers awareness of the consumers’ cross-cultural variety, and the cultural differences where people believe in the medicinal effects of saw palmetto berries. Overall, all of these considerations contribute to the development of the market for saw palmetto berries. Such an audience proves pretty divided for producers and sellers of saw palmetto products. That, further, restricts convincing and makes it entirely difficult to justify the classic benefits of these products. As such, all these features cut the possible growth in the market of saw palmetto berries.

Browse key industry insights spread across 226 pages with 113 Market data tables and figures & charts from the report on the Global Saw Palmetto Berries Market Size, Share, and COVID-19 Impact Analysis, By Form (Powder, Capsules/Tablets, and Liquid Extracts), By Source (Organic and Conventional), By Application (Dietary Supplements, Functional Foods & Beverages, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The powder segment is estimated to hold the largest market revenue share through the projected period. 

Based on the form, the saw palmetto berries market is classified into powder, capsules/tablets, and liquid extracts. Among these, the powder segment is estimated to hold the largest market revenue share through the projected period. The growth is attributed to the power of saw palmetto berries, which can be easily personalized for the diverse needs of customers and processing, as well as easily added to many products, including tablets, teas, capsules, and functional foods.

The organic segment is anticipated to hold the largest market share through the forecast period.

Based on the source, the saw palmetto berries market is divided into organic and conventional. Among these, the organic segment is anticipated to hold the largest market share through the forecast period. The segmental growth of organic saw palmetto berries is grown without using artificial fertilizers, pesticides, or GMOs, thus making the consumers interested in the nutritional supplements worth the effort to go pure and sustainable.

The dietary supplements segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the saw palmetto berries market is divided into dietary supplements, functional foods & beverages, and pharmaceuticals. Among these, the dietary supplements segment is anticipated to hold the largest market share through the forecast period. The growth is driven by saw palmetto nutritional supplements that are available in a variety of simple, consumer-oriented forms, such as soft gels, tablets, or capsules, to meet people’s desires for straightforward and effective health solutions.

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North America is projected to hold the largest share of the global saw palmetto berries market over the forecast period.

North America is projected to hold the largest share of the global saw palmetto berries market over the forecast period. Serenoa repens, native to North America, mostly in the Southeast, ensures continuous and abundant supplies of premium saw palmetto berries. This proximity favors large scales of harvesting and production, thus reducing costs without compromising on product consistency. Complementing these markets is the mature dietary supplement market in North America, as consumers become increasingly aware of and seek natural health products.

Asia Pacific is expected to grow at the fastest CAGR of the global saw palmetto berries market during the forecast period. The market is still growing in the Asia-Pacific region, and there is still scope for expansion given the increasing interest in alternative health treatments. The importance of Saw Palmetto berries as an ingredient in traditional and modern health products is derived from the strong tradition behind Ayurveda as an herbal therapy from India, along with the growth of the pharmaceutical industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the saw palmetto berries market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.Major vendors in the global saw palmetto berries market are Naturalize Biotech Corp, Atlantic Phytochemicals & Extracts, Labnica, Optimized Plant Nutrients, Hunan NutraMax Inc., Valensa International, Maypro, Jiaherb, Bio-Botanica, Xian Changyue Phytochemistry, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In August 2022, an international panel of seven leading urologists from North America and Europe reviewed more than 50 original clinical research papers to develop seven consensus statements, which they detailed in their paper, “Rethinking the Role of Saw Palmetto Extract for Men with Lower Urinary Tract Symptoms in North America.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global saw palmetto berries market based on the below-mentioned segments:

Global Saw Palmetto Berries Market, By Form

• Powder
• Capsules/Tablets
• Liquid Extracts

Global Saw Palmetto Berries Market, By Source

• Organic
• Conventional

Global Saw Palmetto Berries Market, By Application

• Dietary Supplements
• Functional food & Beverages
• Pharmaceuticals

Global Saw Palmetto Berries Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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