Saw
Palmetto Extract Market: Introduction
Saw
palmetto is a small palm tree grown natively in the subtropical
regions of the United States and is used traditionally by the Indian
Americans from centuries for medicinal purposes. Saw palmetto is rich
in free fatty acids, free and conjugated sterols, flavonoid and high
molecular weight polysaccharides. Traditionally saw palmetto extract
is used as expectorant, tonic for both male and female reproductive
system, and urinary tract. Saw palmetto extract preparation involves
the processing of dried or partially dried berries. Saw palmetto
extract based supplements are famously used for the treatment of
benign prostatic hyperplasia (BPH) disease which is also known as
enlarged prostate. BPH is caused in men due to the hormonal
imbalance and change in cell growth factors due to aging. Men above
50 years have higher probability of developing BPH than the others.
Some clinical studies supports the effect of saw palmetto on BPH
while some of them finds no benefits of saw palmetto extract based
supplements over placebo. However, most of saw palmetto extract
products are advertised to support prostate and urinary health in
men. The extract of saw palmetto is standardized by various
manufacturer and it is available in varying strength. Products based
on the herbal extract are gaining momentum in the market, as the
consumer are embracing the shift of conventional products towards the
herbal extract based products.
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Saw
Palmetto Extract Market Segmentation
On
the basis of nature of product saw palmetto extract is segmented as
organic and conventional saw palmetto extract. The organic saw
palmetto extract is expected to draw significant attention among
health conscious consumer and subsequently act as a driving tool for
the saw palmetto extract market growth. Saw palmetto extract is
segmented on the basis of form which includes liquid extract and
powder extract. Powder extract segment is expected to build a steady
increase in market demand attributed to its diversity in use. Saw
palmetto extract is also segmented on the basis of end use
application which includes dietary supplements and cosmetics. Saw
palmetto extract is available in almost every dosage form including
capsules soft gels and tablets, hence the dietary supplement segment
is expected to account for a significant growth in the market during
the forecast period.
Saw
Palmetto Extract Market Dynamics
Palmetto
extract is used widely used in the developed market as it promote the
health of male physiology. Furthermore, there is a common believe
among people about the herbal extracts based products that they have
no major side effects in long term usage. However, some studies
indicate no benefits of saw palmetto based extract based supplements
over the placebo and side effects such as abdominal pain, and mild
headaches are some of the factors may restraint the market growth
during the forecast period.
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Saw
Palmetto Extract Regional Outlook
North
America is expected to represent major market value share over the
forecast period owing to favorable geographical condition for the
farming as it is grown natively and high consumer demand owing to
increase in health awareness and increasing trend of herbal products.
In North America, the U.S. is expected to represent major value share
in the near future. Europe is also expected to show substantial
growth owing to the popularity of the health benefits of saw palmetto
extract based products. Asia Pacific and, Middle East and Africa
expected to represents moderate growth in saw palmetto extract market
over the forecast period.
Saw
Palmetto Extract Key Players
Some
of the key player operating in saw palmetto extract market are Amax
NutraSource, Inc., AuNutra Industries Inc, Bio-Botanica Inc., Bristol
Botanicals Limited, Carrubba Inc, Sigma-Aldrich Co. LLC, Nutra Green
Biotechnology Co.,Ltd and others.
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