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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Saw Palmetto Berries market for 2018-2023.
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.
Over the next five years, LPI(LP Information) projects that Saw Palmetto Berries will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Saw Palmetto Berries market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Fresh Saw Palmetto Berries
- Dried Saw Palmetto Berries
Segmentation by application:
- Pharmaceutical Industry
- Dietary Supplement
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Saw Palmetto Harvesting Company
- Prostate RX
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Saw Palmetto Berries consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Saw Palmetto Berries market by identifying its various subsegments.
- Focuses on the key global Saw Palmetto Berries manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Saw Palmetto Berries with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Saw Palmetto Berries submarkets, with respect to key regions (along with their respective key countries).
- 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.