Europe Saw Palmetto Berries Market Size, Share & Trends Analysis Report By Source (Organic, and Conventional), By Application, By Form, By Country and Growth Forecast, 2024 - 2031

Europe Saw Palmetto Berries Market Size, Share & Trends Analysis Report By Source (Organic, and Conventional), By Application, By Form, By Country and Growth Forecast, 2024 - 2031

The Europe Saw Palmetto Berries Market would witness market growth of 5.0% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Saw Palmetto Berries Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,577.7 Thousands by 2031. The UK market is exhibiting a CAGR of 4.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6% during (2024 - 2031).

Saw palmetto berries have diverse applications across several industries, driven by their unique phytochemical composition and potential health benefits. Saw palmetto berries are widely used in producing dietary supplements to support prostate health. Extracts from the berries are commonly formulated into capsules, tablets, soft gels, or liquid extracts.

These supplements are popular among men seeking natural remedies for benign prostatic hyperplasia (BPH) and related urinary symptoms. Saw palmetto is believed to inhibit the enzyme 5-alpha-reductase, which converts testosterone to dihydrotestosterone (DHT), thus potentially reducing prostate gland growth and alleviating symptoms such as frequent urination and difficulty urinating.

As the Polish cosmetics industry grows, there is a rising demand for natural and herbal ingredients. Saw palmetto berries, known for their benefits in skincare and haircare products, might see increased demand from cosmetic companies looking to incorporate natural ingredients into their formulations. As per the quarterly report by the Polish Investment and Trade Agency focused on the cosmetics sector, the Polish cosmetics industry achieved a significant value close to €4 billion in 2020. Positioned as the fifth-largest cosmetics industry within the European Union, the cosmetics sector's exports contributed to approximately 1.6% of the total goods exported by Poland in 2021.

Polish cosmetic brands may invest in research and development to create new products using saw palmetto extracts. This can lead to new product lines and potentially boost the market for saw palmetto berries. With the rise of the cosmetics industry, there might be more competition among suppliers of saw palmetto berries. This could influence pricing and availability as more companies seek to source these berries for their products. Thus, increasing cosmetics industry and rising pharmaceutical industry is driving the growth of the market.

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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Bio-Botanica, Inc.
• JIAHERB Inc. (Shaanxi Jiahe Phytochem Co., Ltd.)
• VALENSA INTERNATIONAL
• Maypro
• Hunan NutraMax Inc.
• Saw Palmetto Florida, LLC
• MTC Industries
• Monterey Bay Herb Co.

Europe Saw Palmetto Berries Market Report Segmentation

By Source

• Organic
• Conventional

By Application

• Dietary Supplements
• Functional Foods & Beverages
• Pharmaceuticals

By Form

• Powder
• Liquid Extracts
• Capsules & Tablets

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe