Saw Palmetto Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Saw Palmetto Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

A newly-released market analysis report by Fairfield Market Research reveals that the global sales of Saw Palmetto Supplements in 2024 reached US$ 150 Million and the market is expected to achieve a valuation of US$ 290 Million by the end of the forecast period. Notably, the market for Saw Palmetto Supplements in the form of capsules is poised for substantial growth during forecast 2024 to 2031.

Key Factors Influencing the Expansion of the Saw Palmetto Supplements Market

""Saw Palmetto's Versatile Health Benefits""

Saw palmetto, a tree commonly found in the tropical region of the United States, has been traditionally used by Native Americans for its various health benefits. It is known for its efficacy in preventing or alleviating the symptoms of benign prostatic hyperplasia and is prescribed to prevent complications that may arise from prostate surgery. Additionally, saw palmetto is found beneficial in addressing issues such as male baldness, sexual dysfunction, and other prostate-related conditions.

Saw palmetto supplements contain sterols, flavonoids, and fatty acids, which contribute to treating urinary tract infections and reproductive organ-related problems. These supplements are available in various forms, including capsules, tablets, gummies, soft gels, caplets, and drops, and are distributed through both online and offline platforms such as supermarkets and pharmacies.

""Rising Cases of Benign Prostatic Hyperplasia Worldwide""

Benign prostatic hyperplasia, a urological condition prevalent among elderly men, leads to the enlargement of the prostate gland and can result in kidney damage, urinary tract infections, or a blockage of urine exit from the bladder. The global incidence of benign prostatic hyperplasia has been on the rise, with approximately 94 million cases reported worldwide in 2019 compared to 51.1 million cases in 2000, representing a growth rate of approximately 70.5%. The aging global population is expected to further contribute to the spread of these conditions.

""Saw Palmetto's Role in Promoting Hair Growth""

Saw palmetto capsules have also been found to promote hair growth in both men and women. As hair health becomes a growing concern due to increasing pollution and the side effects of synthetic hair products, there is a growing preference for organic and plant-based products. According to the International Society of Hair Restoration Surgery, more than 35 million men and 21 million women in the United States alone suffer from some form of hair loss, making the personal care sector a potential industry for saw palmetto supplements in the coming years.

Prominent Markets for Saw Palmetto Supplements

""North America: Leading the Way""

The saw palmetto supplement industry in North America is witnessing significant growth due to the increasing demand for alternative treatments for conditions like benign prostatic hyperplasia and hair loss. Despite limited scientific support for its use, saw palmetto has gained popularity as a dietary supplement for men's and women's health. The market in North America is expected to continue growing, driven by consumer interest in natural and alternative health products.

Country-wise Analysis

United States Saw Palmetto Supplements Market Analysis:

The United States saw palmetto supplements market is expected to experience significant growth over the next decade. The market has shown steady growth, driven by an increasing number of people experiencing hair loss, which affects both men and women. Factors such as stress, pollution, and the use of synthetic hair products have contributed to this issue. The trend towards plant-based or herbal products, which are perceived as having fewer side effects, is also boosting demand for saw palmetto supplements in the country.

United Kingdom Saw Palmetto Supplements Unit Market Analysis:

In the United Kingdom, there is a growing market for saw palmetto supplements, primarily due to the prevalence of urinary tract infections associated with benign prostatic hyperplasia in men. The incidence of benign prostatic hyperplasia has been on the rise, particularly among older men, and if left untreated, it can lead to prostate cancer. Given the significant impact of prostate cancer in the UK, there is a need for effective supplements to address this issue, potentially increasing the demand for saw palmetto products.

China Saw Palmetto Supplements Market Analysis:

China has a substantial market for saw palmetto supplements, driven by its large geriatric population, which is expected to continue growing. Common health issues among people aged 50 and above, such as hair loss, urinary tract infections, and benign prostatic hyperplasia, are creating a demand for alternative treatments like saw palmetto. The herbal nature of saw palmetto supplements and their availability without a prescription make them a popular choice among the elderly population in China.

Japan Saw Palmetto Supplements Market Analysis:

Japan's saw palmetto supplements market is on the rise, reflecting its aging population, where a significant portion is aged 65 and over. With a longer life expectancy in Japan, issues like benign prostatic hyperplasia and urinary tract infections are prevalent among the elderly population, particularly men. The potential benefits of saw palmetto as an alternative treatment for these conditions are driving demand in the Japanese market.

Competitive Analysis

Key players in the Saw Palmetto Supplements market include Now Foods, Nature's Bounty, Puritan's Pride, Nature's Way, Havasu nutrition, Nature’s Craft, Horbäach, Doctor's Best, Swanson Health Products, and Nutricost, among others.

Segmentation of the Global Saw Palmetto Supplements Market:

By Form:
• Caplet
• Capsule
• Drop
• Gummy
• Powder
• Softgel
• Tablet

By Distribution Channel:
• Supermarkets
• Pharmacies
• Online Retailers
• Others

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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