The fruits of Serenoa are extracted to make saw palmetto extracts. High molecular weight polysaccharides, flavonoids, free & conjugated sterols, and free fatty acids are all abundant in the fruit. Saw palmetto is a tiny palm tree that grows naturally in the subtropical parts of the United States. Fruit extraction has been a staple of native American medicine for centuries. It is predicted that rising consumer awareness of the product's medical advantages will fuel market expansion. The population's growing acceptance of herbal medicine and the promotion of male physiology health are expected to drive market growth.
It is anticipated that saw palmetto extracts market growth will increase due to the rapid societal acceptance of herbal products. Middle-class incomes are rising along with the middle-class population. These elements are anticipated to increase consumer adoption of the product. It is anticipated that the high demand for dietary supplements and rising disease prevalence will hasten market expansion. In the upcoming years, saw palmetto extracts market growth is expected to accelerate due to the high demand for organic medical products.
The market for saw palmetto extracts is anticipated to reach a value of USD 123.1 million in 2022. Increased consumer awareness of saw palmetto extract's advantages, an increase in the demand for natural products, and an increase in the number of saw palmetto extract research studies are the main factors propelling the growth of this market. The lack of standardization in the manufacturing process and the high cost of the extraction process, however, might limit this market's expansion.
The market for saw palmetto extracts is divided into liquid products (which contain fatty acids in amounts of 89%) and powder products (which contain fatty acids in amounts of 245%). The pharmaceutical sector and dietary supplements are part of the application segment.