According to a new report, published by KBV research, The Global Saw Palmetto Berries Market size is expected to reach $242 million by 2031, rising at a market growth of 5.4% CAGR during the forecast period.
The saw palmetto berries market has expanded significantly, driven by rising consumer awareness and demand for natural health solutions. With growing interest in preventive healthcare, saw palmetto berries are increasingly integrated into dietary supplements, cosmetics, and personal care products. Technological advancements in extraction methods have improved product efficacy and bioavailability, while stringent regulatory standards ensure quality and safety. Expansion into emerging markets, coupled with ongoing scientific research validating its health benefits, further fuels market growth.
The Conventional segment is registering a CAGR of 5.8% during (2024 - 2031). Conventional saw palmetto berries can be used in various product formulations, including dietary supplements, herbal remedies, and skincare products. This versatility allows manufacturers to innovate and offer diverse product options to meet varying consumer preferences and market needs. Conventional farming practices often result in higher yields and a more consistent supply of saw palmetto berries than organic farming.
The Dietary Supplements segment is leading the Global Saw Palmetto Berries Market by Application in 2023; thereby, achieving a market value of $113.4 million by 2031. Saw palmetto is well-known for its potential advantages in promoting prostate health, especially in alleviating symptoms associated with BPH, such as urinary problems and inflammation. This makes it a popular choice among men seeking natural alternatives to promote prostate wellness. Consumers increasingly prefer natural and herbal supplements over synthetic alternatives for health maintenance and symptom management.
The Liquid Extracts segment would capture a CAGR of 5.5% during (2024 - 2031). Liquid extracts of saw palmetto are believed to offer high bioavailability, meaning that the body can absorb and utilize the bioactive compounds more effectively than other forms. This enhances the potential health benefits and efficacy of the product. Liquid extracts are convenient for consumers who prefer quick and easy administration. They can be taken directly by mouth or easily mixed into beverages, offering a hassle-free way to incorporate saw palmetto into daily routines.
Full Report: https://www.kbvresearch.com/saw-palmetto-berries-market/
The North America region dominated the Global Saw Palmetto Berries Market by Region in 2023; thereby, achieving a market value of $83.7 million by 2031. The Europe region is anticipated to grow at a CAGR of 5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 5.9% during (2024 - 2031).
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