QYResearch: The global saw palmetto extracts is anticipated to reach 132.50 million USD in 2022

Saw palmetto extract is an extract of 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.

Saw palmetto extract is an extract of 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 extract raw material. Market insiders think that saw palmetto berries from others regions are not the authentic raw materials.

In 2016, the global sale volume of saw palmetto extracts was 594.8 MT, and is anticipated to reach 686.1 MT in 2022. In terms of sale revenue, the global saw palmetto extracts was valued 127.17 million USD in 2016, and is anticipated to reach 132.50 million USD in 2022. Since more and more saw palmetto extract 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.

Europe is the dominate consumer in saw palmetto extracts industry. The sales volume of Europe was 247.0 MT in 2016, occupied about 41.53% of the total amount. USA is the second one, with the sales volume of 141.4 MT, although the region has dominated the raw material market.

Saw palmetto extracts have two types, including liquid type and powder type. Powder type is usually produced from the liquid type. The purity of liquid type ranges from 80%-95% while the key purity of powder type ranges from 25% to 45%. According to QYResearch, although there are many manufacturers in China producing powder type, only a few of them can provide the liquid type to the market, as they still have to depend on import to cater demand.

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