Saw Palmetto Berries Market Size, Share, Growth, And Industry Analysis By Type (Fresh Saw Palmetto Berries, Dried Saw Palmetto Berries) By Application (Pharmaceutical, Dietary Supplement), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Saw Palmetto Berries Market Report Overview

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The global saw palmetto berries market size was USD 125.5 million in 2022 and market is projected to touch USD 181.7 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.2% during the forecast period.

Saw palmetto berries are similar to palm-like trees, and are considered to be native to the Southeast United States such as Florida used the berries as both food and medicine. Men utilized berries to cure urinary tract issues and even to enhance sperm quality and virility in the early 1900s.   The plant gets its name from the saw-toothed ridges on its fan-shaped leaves. Saw palmetto could grow in dense bunches that can become impassable thickets. The plentiful, 2-cm-long berries are collected in the fall from the wild and dried. The pharmaceutical and dietary supplement industries use dried saw palmetto after that.

The name of this tree, which grows in sand, comes from the pointed, saw-like teeth on the stalks that join the leaves to the stem of the tree. Dark berries with a big seed are produced by saw palmetto trees. The berries are often used to prepare tea or consumed directly. Additionally, it is available in capsule or tablet form, which is prepared from dried and crushed saw palmetto and is extensively available in the market.  In comparison to raw fruit, they usually are enriched with higher levels of healthy organic chemicals like vitamin E and other antioxidants.

COVID-19 Impact: Disturbances In Production To Hamper The Market Growth

As a result of the sudden emergence of the COVID-19 pandemic, strict lockdown regulations were implemented in a number of countries, which disrupted saw palmetto berry import and export operations. The COVID-19 pandemic presented a number of challenges for the market, including a shortage of skilled workers and project delays or cancellations as a result of the total lockdown. Production problems have an impact on both the product and the demand for saw palmetto berries. Due to the rising public health concerns, a market rebound is anticipated after the pandemic.

Latest Trends

"Potential To Benefit Prostate Health To Ante Up The Market Expansion"

According to recent research, saw palmetto may be able to help with the treatment of benign prostatic hyperplasia (BPH), a disorder that causes a slow, noncancerous, but abnormal, growth of the prostate.  Up to 75% of men in their 70s are affected by BPH, which is frequent in the elderly.  The most recent Cochrane study, which sets the bar for evidence-based medicine, found that saw palmetto offers slight relief from the symptoms of the lower urinary tract. Such scientific evidence of saw palmetto's health advantages even when miniscule is anticipated to support saw palmetto market growth.

Saw Palmetto Berries Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Fresh Saw Palmetto Berries and Dried Saw Palmetto Berries. The fresh saw palmetto berries is the leading segment by type.

• By Application Analysis

Based on application, the market can be divided into Pharmaceutical and Dietary Supplement. By the application segment, the pharmaceutical is the holding the majority of the sector.

Driving Factors

"Rising R&D Activities To Increase The Market Demand "

The market participants for saw palmetto berries are investing heavily in the creation of novel products using these berries. The most recent items introduced on the market are anticipated to support the expanding use of saw palmetto berries. Additionally, these goods are strengthened with organic substances that are good for your health that are derived from plants, such as Vitamin E. As a result, it is projected that demand for these products would rise, which in turn will boost demand for saw palmetto berries.

Market To Expand Due To The Health Conscious Consumers

The pandemic has caused customers to care a great deal concerning their health. They have changed their conduct from being careless with their habits to acquiring healthier ones and altering their consumption patterns. Therefore, the rise in health conscious consumers is anticipated to increase demand for saw palmetto berries and its subsequent products, resulting in the market's expansion. Such health conscious consumers are consuming edibles that could help them in maintaining and fortifying their health and saw palmetto berries are one such product, contributing to the growth of the saw palmetto market share.

Restraining Factors

"Side Effects To Harm The Market Growth"

Saw palmetto as a herb is quite safe when used as per the prescription. Even though headache, nausea, diarrhea, and dizziness are the recorded, side effects of saw palmetto berries but such side effects are infrequent. Further, saw palmetto berries shouldn't be used by women who are pregnant, nursing, have had, or are at risk for developing hormone-related cancers since it may have effects that are comparable to those of some hormones. Such saw palmetto berries adverse effects would make people cautious and a little apprehensive about consuming it, which would decrease demand in the saw palmetto berries market.

Saw Palmetto Berries Market Regional Insights

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"North America Dominates Due To The Market Concentration"

The saw palmetto berries are indigenous herbs to the native americans, as the majority of consumers belong to this region. Therefore, the major market players to are concentrated in this region itself. As such, North America is the dominating region for the saw palmetto berries market. After the North America region, Europe is the second leading region for the saw palmetto berries market and is expected to grow further in the forecast period.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Saw Palmetto Harvesting Company (U.S.)
• Prostate RX (U.S.)
• Valensa (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.