Saw Palmetto Supplement Market
Saw Palmetto Supplement Market Study by Caplets, Capsules, Drops, Gummies, Powder, Softgel, and Tablets Sold through Supermarkets, Pharmacies, and Online Retailers from 2024 to 2034
Analysis of Saw Palmetto Supplement Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Saw Palmetto Supplement Market Outlook (2024 to 2034)
The global saw palmetto supplement market is estimated to reach US$ 156.3 million in 2024. Over the assessment period (2024–2024), worldwide sales of saw palmetto supplements are forecast to exhibit an 8.7% compound annual growth rate (CAGR), resulting in a market size of US$ 358.5 million by the end of 2034.
Saw palmetto supplements are generally consumed for their potential health benefits, especially in supporting prostate health in men. They are believed to assist in the alleviation of symptoms related to benign prostatic hyperplasia (BPH), including urinary tract issues and frequent urination. With an aging population, there has been a growing prevalence of age-related health issues, such as prostate issues. This demographic is estimated to increase demand for natural supplements, including saw palmetto supplements, which are commonly perceived as complementary or alternative remedies to conventional medications.
In recent years, there has been a rising awareness among consumers related to the potential health benefits of natural supplements and remedies. Numerous individuals give preference to natural alternatives to pharmaceuticals, perceiving them as comparatively safer. Saw palmetto is projected to fit well into this preference as an herbal supplement.
- North America is projected to account for 27.2% of the saw palmetto supplement market share by the end of 2034.
- Demand for saw palmetto supplements in South Korea is forecast to rise at a CAGR of 10.7% from 2024 to 2034.
- Worldwide sales of saw palmetto supplements through pharmacies are projected to advance at 9.2% CAGR and reach US$ 131 million by 2034-end.
Regulations governing dietary supplements are forecast to positively influence global market dynamics. The presence of quality standards and clear regulations is anticipated to foster consumer trust and confidence in saw palmetto supplements, thus supporting market growth. These supplements are used widely in numerous forms, such as tablets, capsules, and liquid extracts. The ease of access through online retailers and physical stores is estimated to contribute to the rising sales of saw palmetto supplements in the coming 10 years.
| Report Attributes | Details |
|---|---|
| Saw Palmetto Supplement Market Size (2024E) | US$ 156.3 Million |
| Forecasted Market Value (2034F) | US$ 358.5 Million |
| Global Market Growth Rate (2024 to 2034) | 8.7% CAGR |
| Japan Market Growth Rate (2024 to 2034) | 10.3% CAGR |
| Market Share of Capsules (2034F) | 25.21% |
| East Asia Market Share (2034F) | 23.4% |
| Key Companies Profiled |
|
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Which Key Aspects are Responsible for Increased Sales of Saw Palmetto Supplements?
“Growing Awareness about Health Benefits of Saw Palmetto Supplements”
More consumers around the world are becoming aware of the benefits of consumption of saw palmetto supplements to prevent or cure symptoms of benign prostatic hyperplasia. These supplements are prescribed for the prevention of complications occurring in the prostate surgery. Moreover, saw palmetto supplements are found beneficial to treat men's sexual dysfunction, baldness, and other conditions related to prostate.
Saw palmetto supplements contain flavonoids, fatty acids, and sterols, which are beneficial for treating reproductive organ-related issues and urinary tract infections. They are available in numerous forms, including drops, caplets, capsules, gummies, tablets, and soft gel. In addition, saw palmetto supplements promote hair growth in women and men. Issues related to hair health are one of the key problems encountered among people around the world. More people are ready to invest in natural products with rising awareness about the side effects associated with the use of synthetic products, which is estimated to influence saw palmetto supplement market trends.
Which Challenges are Limiting Saw Palmetto Supplement Market Growth?
“Controversies Surrounding Efficacy and Safety of Saw Palmetto Supplements”
There are certain controversies or regulatory uncertainties surrounding the effectiveness and safety of saw palmetto supplements, which are projected to hinder the market growth. A lack of evidence assuring the efficacy of saw palmetto supplements is anticipated to hinder market growth.
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What Opportunities are Available for Startups in This Market Place?
“R&D Activities about Medicinal Properties of Saw Palmetto Supplements”
New players need to invest in R&D activities related to the medicinal properties of saw palmetto supplements. These activities are anticipated to lead to innovations in product manufacturing processes and formulations. Improved efficiency of saw palmetto supplements is anticipated to increase confidence among consumers, therefore stimulating market growth.
Country-wise Insights
North America is anticipated to hold a 27.2% share of the global market by the end of 2034. Increasing demand for certain alternative treatments for multiple health issues, such as hair loss and prostatic hyperplasia is increasing demand for saw palmetto supplements in North America. The increasing consumer inclination to consume alternative and natural health products is generating opportunities for suppliers.
What Makes the United States a Lucrative Market for Saw Palmetto Supplement Suppliers?
“Rising Inclination toward Healthy and Natural Food Products”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 31.7 Million |
| Growth Rate (2024 to 2034) | 8.9% CAGR |
| Projected Value (2034F) | US$ 74.5 Million |
The United States is projected to experience increased demand for saw palmetto supplements owing to rising awareness about the consumption of healthy and natural products. The country market is set to hold a 76.4% share of the North American market by 2034. Hair loss is estimated to be one of the most common problems in women and men because of stressful lives, the utilization of synthetic hair products, and pollution.
In recent years, more Americans have been giving preference to plant-based or herbal products as they do not have any side effects. Saw palmetto supplements are sourced from plants, which is projected to increase their demand.
What Makes China an Opportune Market for Saw Palmetto Supplement Suppliers?
“Increasing Incidence of Health Issues Fueling Demand for Saw Palmetto Supplements”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 26.7 Million |
| Growth Rate (2024 to 2034) | 9.3% CAGR |
| Projected Value (2034F) | US$ 65.1 Million |
China is forecast to account for a 77.6% share of the East Asia market by 2034, owing to the rising count of multiple health issues among more people. Increasing cases of urinary tract infection, hair loss, and benign prostatic hyperplasia in women and men are forecast to increase demand for saw palmetto supplements as an effective alternative to conventional medications. Their easy availability and herbal properties are estimated to contribute to their increased sales in the country.
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Category-wise Insights
The capsule form of saw palmetto supplements is projected to gain prominence among end users due to its bioavailability and higher absorption rate, as mentioned in the research report by Fact.MR, a market research and competitive intelligence provider.
Which Form of Saw Palmetto Supplement Accounts for Higher Revenue Share?
“Growing Consumption of Capsule-based Saw Palmetto Supplements”
| Attribute | Capsules |
|---|---|
| Segment Value (2024E) | US$ 41 Million |
| Growth Rate (2024 to 2034) | 8.1% CAGR |
| Projected Value (2034F) | US$ 90 Million |
Saw palmetto supplements in capsule form are projected to hold a 25.21% share of global market revenue by 2034-end. They are manufactured from saw palmetto plant extract and sold as one of the most popular dietary supplements. The high bioavailability of capsules in comparison to other supplement forms is estimated to make them more efficient. In addition, the outer layers of saw palmetto capsules are vegan-friendly as they are produced from cellulose sourced from vegetables. These capsules are consumed against the treatment of prostrate-related problems and urinary tract infections and are entirely plant-based.
Which Distribution Channel is Driving Expansion of Saw Palmetto Supplement Market Size?
“Convenience and Accessibility of Pharmacies Contributing to Increased Saw Palmetto Supplement Sales”
| Attribute | Pharmacies |
|---|---|
| Segment Value (2024E) | US$ 54 Million |
| Growth Rate (2024 to 2034) | 9.2% CAGR |
| Projected Value (2034F) | US$ 131 Million |
Pharmacies provide convenience to consumers to purchase saw palmetto supplements and are forecasted to hold a 36.5% share of the global market by 2034. These stores serve as effective outlets where individuals are estimated to get easy access to recommended supplements. In addition, pharmacies are believed to be more trusted sources for purchasing healthcare products. More consumers feel confident purchasing saw palmetto supplements from pharmacies owing to the assurance of reliability and quality of these establishments.
Competitive Landscape
Growing demand for saw palmetto supplements is projected to stimulate companies to capitalize on their potential. They are planning to invest in new development, offering quality products, and maintaining the efficiency of supply chain systems.
Key players in the saw palmetto supplement industry are Nature’s Bounty, MTC Industries Inc., NOW Foods, Himalaya Herbal Healthcare, Puritan’s Pride, Nutricost, Goodcare Nutraceuticals, Swanson Health Products, Horbaach, Vaelnsa International Doctor’s Best, Havasu Nutrition, and Nature’s Craft.
Segmentation of Saw Palmetto Supplement Market Research
-
By Form :
- Caplets
- Capsules
- Drops
- Gummies
- Powder
- Softgel
- Tablets
-
By Distribution Channel :
- Supermarkets
- Pharmacies
- Online Retailers
- Others
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the saw palmetto supplement market in 2024?
The global saw palmetto supplement market is anticipated to reach US$ 156.3 million in 2024.
What is the demand outlook for saw palmetto supplements?
Worldwide demand for saw palmetto supplements is forecasted to reach a market value of US$ 358.5 million by 2034.
At what CAGR is the demand for saw palmetto supplements projected to increase?
The global market is projected to expand at a CAGR of 8.7% from 2024 to 2034.
What will be the contribution of North America to global market revenue?
North America is approximated to account for 27.2% share of the global market by 2034-end.
What is the sales outlook for saw palmetto supplements in South Korea?
Demand for saw palmetto supplements in South Korea is projected to rise at 10.7% CAGR from 2024 to 2034.
How much share of the global market is estimated to be held by capsules?
Capsule form of saw palmetto supplements is set to hold 25.21% share of global market revenue by 2034.
Saw Palmetto Supplement Market