The North America Saw Palmetto Berries Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Saw Palmetto Berries Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $60,089.3 Thousands by 2031. The Canada market is experiencing a CAGR of 7.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2024 - 2031).
Saw palmetto berries are the fruit of the saw palmetto plant (Serenoa repens), a small palm native to the southeastern United States. These dark purple to black berries is harvested from the plant’s stems, which grow low to the ground in clusters. Saw palmetto berries have been traditionally used for various medicinal purposes by Native American tribes for centuries.
In contemporary times, saw palmetto berries are chiefly recognized for their potential health advantages, especially in men's health. They are rich in fatty acids, plant sterols, and other bioactive compounds believed to support prostate health and urinary function. Saw palmetto berries are frequently used to produce extracts and supplements marketed for alleviating symptoms associated with benign prostatic hyperplasia (BPH), a non-cancerous prostate gland enlargement.
Mexican culture has a longstanding tradition of employing natural and herbal remedies to address various health concerns. This cultural preference extends to prostate health, where natural treatments like saw palmetto berries are favoured. Saw palmetto berries have been traditionally used for their medicinal properties and are widely recognized for their effectiveness in alleviating symptoms of BPH. This cultural inclination towards natural remedies supports the increasing demand for saw palmetto berries as a treatment option. In addition, the increasing pharmaceutical industry and high rates of benign prostatic hyperplasia are driving the growth of the market.
Free Valuable Insights: The Saw Palmetto Berries Market is Predict to reach USD 242.0 Million by 2031, at a CAGR of 5.4%
Based on Source, the market is segmented into Organic, and Conventional. Based on Application, the market is segmented into Dietary Supplements, Functional Foods & Beverages, and Pharmaceuticals. Based on Form, the market is segmented into Powder, Liquid Extracts, and Capsules & Tablets. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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