Serrata Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application (Herbal Medicine, Food Supplements, Aromatherapy); By Region; Segment Forecast, 2023 - 2032

Serrata Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application (Herbal Medicine, Food Supplements, Aromatherapy); By Region; Segment Forecast, 2023 - 2032

The global serrata extract market size is expected to reach USD 240.13 million by 2032, according to a new study by Polaris Market Research. The report “Serrata Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application (Herbal Medicine, Food Supplements, Aromatherapy); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Arthritis and rheumatoid cases are becoming increasingly prevalent worldwide, driving the growth of the serrata extract market. Serrata extract is derived from the resin of the Boswellia tree, used as a traditional medicine to treat various conditions, including joint pain and inflammation. Over 43 million Americans, or nearly 20% of the population, suffer from arthritis and other common diseases, which impact about 350 million individuals globally. Rheumatoid arthritis affects around 2.1 million people in the United States. As more people are diagnosed with arthritis and rheumatoid arthritis, the demand for natural treatments like serrata extract is expected to increase. Additionally, consumers are increasingly looking for natural and plant-based remedies, which is also driving the market's growth.

Vitamins and dietary supplements are widely available in many markets, including online and retail stores. This makes it easy for consumers to access supplements containing Serrata extract. In March 2020, compared to the same month the previous year, vitamin sales alone surged by 63% in the UK and by between 40–60% in France. As the population ages, there is an increased need for dietary supplements, including vitamins and minerals, to support overall health and well-being. This will further fuel the growth of the market in the upcoming years.

The serrata extract market has grown in demand in the pharmaceutical and nutraceutical industries, driven by its potential health benefits and alignment with the trend toward natural and herbal products. Serrata extract's anti-inflammatory properties, attributed to compounds like boswellic acids, have contributed to its use in formulations targeting conditions such as arthritis. The application range of serrata extract has expanded beyond Ayurvedic medicine to include dietary supplements, skincare products, and general wellness formulations. Ongoing research and development efforts are focused on exploring its full potential, improving extraction methods, and discovering new applications, which could lead to further advancements and innovations in the market.

Serrata Extract Market Report Highlights

Powder segment accounted for the fastest growth rate throughout the forecast period owing to its versatility, cost-effectiveness, and ease of use & convenience

Herbal Medicine is anticipated to hold a significant market revenue share due to the increasing popularity of natural and organic products.

Asia Pacific dominated the global market in 2022, owing to the rising prevalence of chronic diseases and growing middle-class population.

The global players include Manus Aktteva Biopharma, Arjuna Natural, Alchem International, Marven Bio Chem, Herbal BioActives, Sanat, Jayshree Nath Herbals, Alps Pure, IFF Health, Now Food, Bioprex Labs & Himalayan Herbaria.

Polaris Market Research has segmented the serrata extract market report based on form, application, and region:

Serrata Extract, Form Outlook (Revenue - USD Million, 2019 - 2032)

Powder

Liquid

Serrata Extract, Application Outlook (Revenue - USD Million, 2019 - 2032)

Herbal Medicine

Food Supplements

Aromatherapy

Serrata Extract, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa