, /PRNewswire/ -- Allied Market Research published a report, titled, . According to the report, the "saw palmetto berries market" was valued at in 2023, and is estimated to reach .6 million by 2035, growing at a CAGR of 5.
6% from 2024 to 2035. One of the major drivers in the saw palmetto berries market is primarily driven by increasing awareness about the health benefits of saw palmetto berries, particularly in promoting prostate health and managing urinary symptoms, fuels demand. Moreover, rising consumer preference for natural remedies and herbal supplements further propels market growth.
The expanding aging population, particularly in regions like and , contributes significantly to market expansion as these demographics are more prone to prostate-related issues. Moreover, advancements in extraction technologies and the growing availability of saw palmetto products in various forms such as capsules, extracts, and oils are enhancing market accessibility. By form, the powder segment held the highest market share in 2023, accounting for more than two-fifths of the saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period.
Saw palmetto berry powder can be easily incorporated into various products, including capsules, tablets, teas, and functional foods, making it highly adaptable for different consumer preferences and product formulations. Its stability and ease of storage without the need for preservatives enhance its app.
