New report published by QY Research which offers insights on the global Saw Palmetto Berries market. The Saw Palmetto Berries market has been experiencing steady growth graph since past years. The global saw palmetto berries market is valued at USD 101.6 million in 2016 and is expected to reach USD 135.3 million by the end of 2023, growing at a CAGR of 4.18% between 2016 and 2023.
Saw palmetto berries are the fruit of Serenoa repens. Saw palmetto (Serenoa repens) grows wild in Florida and other parts of the southeastern United States; the berries have been harvested and used for prostate support for almost 140 years. USA is the sole origin of saw palmetto berries. Market insiders think that saw palmetto berries from others regions is not authentic.
In 2016, the global sale volume of saw palmetto berries was 6410 MT, and is anticipated to reach 6658 MT in 2023. In terms of sale revenue, the global saw palmetto berries was valued 101.61 million USD in 2016, and is anticipated to reach 135.34 million USD in 2023. Since more and more saw palmetto has been used in the treatment of disturbances due to Benign Prostate Hypertrophy (BPH) including reduction of urinary frequency, increase of urinary flow, and decrease of nocturia, market participants are optimistic on the future market of the whole saw palmetto industry.
The saw palmetto is a short, scrubby palm that grows in the coastal plain of Florida and other southeastern states. Its fan-shaped leaves have sharp, saw-toothed edges that give the plant its name. Dense clumps of saw palmetto can form an impenetrable thicket. The abundant 2-cm-long berries are harvested from the wild in the fall and are dried by processor. Then the dried saw palmetto is used in the pharmaceutical industry and dietary supplement industry.
Since more and more saw palmetto has been used in the treatment of disturbances due to Benign Prostate Hypertrophy (BPH) including reduction of urinary frequency, increase of urinary flow, and decrease of nocturia, market participants are optimistic on the future market of the whole saw palmetto industry.
There is no doubt that USA is the largest producer of dried saw palmetto berries since fresh saw palmetto berries just have a few days' expiration date. Companies from other countries are impossible to treat the fresh saw palmetto berries since fresh saw palmetto berries will go decayed on the way of transportation.
USA is also the largest consumer of saw palmetto berries with 3594 MT being consumed in the year of 2016. Europe is the follower with 40.87% consumption share in the same year.
Legal picking and authenticity are the key factors for saw palmetto berries. Presently, there are still many illegal pickers and the authenticity of saw palmetto berries can’t be distinguished easily. The saw palmetto industry still needs regulations to promote the whole industry’ health development.
This report focuses on the top manufacturers' Saw Palmetto Berries capacity, production, value, price and market share of Saw Palmetto Berries in global market. The following manufacturers are covered in this report:
Saw Palmetto Harvesting Company
Saw Palmetto Berries Breakdown Data by Type
Fresh Saw Palmetto Berries
Dried Saw Palmetto Berries
Saw Palmetto Berries Breakdown Data by Application
Saw Palmetto Berries Production Breakdown Data by Region
Saw Palmetto Berries Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Saw Palmetto Berries capacity, production, value, consumption, status and forecast;
To focus on the key Saw Palmetto Berries manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Saw Palmetto Berries :
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.