Industry Background:
Saw palmetto is a type of small palm tree with long, green leaves and also has branches with small berries, they are found in Florida and parts of other southeastern states. The saw palmetto berries are used in food applications and the treatment of urinary problems. And also used to treat cough, indigestion, sleeping problems, and infertility. It is the United States’ popular herbal treatment for BPH. The U.S. Food and Drug Administration (FDA) commonly recommends saw palmetto as an alternative treatment for BPH.This growth is primarily driven by Increase of Reproductive Problems Associated With an Enlarges Prostate Gland.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Million Units |
Value Unit | USD (Million) |
Key Companies in Study | Saw Palmetto Harvesting Company (United States), Prostate RX (United States), Valensa (United States) and Uniray Life Sciences (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Facilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Saw Palmetto Harvesting Company (United States), Prostate RX (United States), Valensa (United States) and Uniray Life Sciences (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Aug 2018, the Department Of Agriculture Announced That Harvesting Saw Palmetto Berries For Sale In Florida Without Permit Is Now Illegal. According To The Agency, the Widespread Gathering Of These Berries Is Depleting A Wildlife Food Source And Threatening The Stability Of Some Ecosystems.There are very few players in the Saw Palmetto Berries market, and the market is concentrated. The producers are planning on geographical expansion through export activities. They are also focusing on research and development spendings to produce extracts and supplement products. This will enhance its market presence and maintain its competitive edge.
Regulatory Insights:
"Georgia has a new law governing the sale of saw palmetto berries. The fruit from the spiky South Georgia plants is a hot commodity, and illegal harvesting has become enough of a problem that the state Legislature passed a bill this year that requires anyone selling saw palmetto berries to have a certificate showing they had permission to harvest them. Florida, which was having similar problems, now requires saw palmetto harvesters to get permits."
Market Drivers
- Increase of Reproductive Problems Associated With an Enlarges Prostate Gland
Market Trend
- Increase in Use in Treatment of Disturbances
- Used To Treat Symptoms Of an Enlarge Prostate, Which Is Called Benign Prostatic Hyperplasia
Restraints
- There are many illegal pickers as the authenticity of saw palmetto berries cannot be distinguished easily.
Opportunities
Strong Growth Potential in Europe Because Of Widely Used By Medical Practitioners
Challenges
Not having regulations that can help promote the saw palmetto berries' health benefits.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Saw Palmetto Berries Study Sheds Light on
The Saw Palmetto Berries Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Saw Palmetto Berries industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Saw Palmetto Berries industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.