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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338961
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338961
Serrata Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application (Herbal Medicine, Food Supplements, Aromatherapy); By Region; Segment Forecast, 2023 - 2032
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The global serrata extract market size is expected to reach USD 240.13 million by 2032, according to a new study by Polaris Market Research. The report "Serrata Extract Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Application (Herbal Medicine, Food Supplements, Aromatherapy); By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Arthritis and rheumatoid cases are becoming increasingly prevalent worldwide, driving the growth of the serrata extract market. Serrata extract is derived from the resin of the Boswellia tree, used as a traditional medicine to treat various conditions, including joint pain and inflammation. Over 43 million Americans, or nearly 20% of the population, suffer from arthritis and other common diseases, which impact about 350 million individuals globally. Rheumatoid arthritis affects around 2.1 million people in the United States. As more people are diagnosed with arthritis and rheumatoid arthritis, the demand for natural treatments like serrata extract is expected to increase. Additionally, consumers are increasingly looking for natural and plant-based remedies, which is also driving the market's growth.
Vitamins and dietary supplements are widely available in many markets, including online and retail stores. This makes it easy for consumers to access supplements containing Serrata extract. In March 2020, compared to the same month the previous year, vitamin sales alone surged by 63% in the UK and by between 40-60% in France. As the population ages, there is an increased need for dietary supplements, including vitamins and minerals, to support overall health and well-being. This will further fuel the growth of the market in the upcoming years.
The serrata extract market has grown in demand in the pharmaceutical and nutraceutical industries, driven by its potential health benefits and alignment with the trend toward natural and herbal products. Serrata extract's anti-inflammatory properties, attributed to compounds like boswellic acids, have contributed to its use in formulations targeting conditions such as arthritis. The application range of serrata extract has expanded beyond Ayurvedic medicine to include dietary supplements, skincare products, and general wellness formulations. Ongoing research and development efforts are focused on exploring its full potential, improving extraction methods, and discovering new applications, which could lead to further advancements and innovations in the market.
Serrata Extract Market Report Highlights
Powder segment accounted for the fastest growth rate throughout the forecast period owing to its versatility, cost-effectiveness, and ease of use & convenience
Herbal Medicine is anticipated to hold a significant market revenue share due to the increasing popularity of natural and organic products.
Asia Pacific dominated the global market in 2022, owing to the rising prevalence of chronic diseases and growing middle-class population.
The global players include: Manus Aktteva Biopharma, Arjuna Natural, Alchem International, Marven Bio Chem, Herbal BioActives, Sanat, Jayshree Nath Herbals, Alps Pure, IFF Health, Now Food, Bioprex Labs & Himalayan Herbaria.
Polaris Market Research has segmented the serrata extract market report based on form, application, and region:
Serrata Extract, Form Outlook (Revenue - USD Million, 2019 - 2032)
- Powder
- Liquid
Serrata Extract, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Herbal Medicine
- Food Supplements
- Aromatherapy
Serrata Extract, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3405
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Serrata Extract Market Insights
- 4.1. Serrata Extract Market - Industry Snapshot
- 4.2. Serrata Extract Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand for natural supplements
- 4.2.1.2. Rise in cardiovascular diseases
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Availability of substitutes
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Serrata Extract Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Serrata Extract Market, by Form
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Serrata Extract, by Form, 2019-2032 (USD Million)
- 5.3. Powder
- 5.3.1. Global Serrata Extract Market, by Powder, by Region, 2019-2032 (USD Million)
- 5.4. Liquid
- 5.4.1. Global Serrata Extract Market, by Liquid, by Region, 2019-2032 (USD Million)
6. Global Serrata Extract Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 6.3. Herbal Medicine
- 6.3.1. Global Serrata Extract Market, by Herbal Medicine, by Region, 2019-2032 (USD Million)
- 6.4. Food Supplements
- 6.4.1. Global Serrata Extract Market, by Food Supplements, by Region, 2019-2032 (USD Million)
- 6.5. Aromatherapy
- 6.5.1. Global Serrata Extract Market, by Aromatherapy, by Region, 2019-2032 (USD Million)
7. Global Serrata Extract Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Serrata Extract Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Serrata Extract Market - North America
- 7.3.1. North America: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.3.3. Serrata Extract Market - U.S.
- 7.3.3.1. U.S.: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.3.4. Serrata Extract Market - Canada
- 7.3.4.1. Canada: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4. Serrata Extract Market - Europe
- 7.4.1. Europe: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.3. Serrata Extract Market - UK
- 7.4.3.1. UK: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.4. Serrata Extract Market - France
- 7.4.4.1. France: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.5. Serrata Extract Market - Germany
- 7.4.5.1. Germany: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.6. Serrata Extract Market - Italy
- 7.4.6.1. Italy: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.7. Serrata Extract Market - Spain
- 7.4.7.1. Spain: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.8. Serrata Extract Market - Netherlands
- 7.4.8.1. Netherlands: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.4.9. Serrata Extract Market - Russia
- 7.4.9.1. Russia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5. Serrata Extract Market - Asia Pacific
- 7.5.1. Asia Pacific: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.3. Serrata Extract Market - China
- 7.5.3.1. China: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.4. Serrata Extract Market - India
- 7.5.4.1. India: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.5. Serrata Extract Market - Malaysia
- 7.5.5.1. Malaysia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.6. Serrata Extract Market - Japan
- 7.5.6.1. Japan: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.7. Serrata Extract Market - Indonesia
- 7.5.7.1. Indonesia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.5.8. Serrata Extract Market - South Korea
- 7.5.8.1. South Korea: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.6. Serrata Extract Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.6.3. Serrata Extract Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.6.4. Serrata Extract Market - UAE
- 7.6.4.1. UAE: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.6.5. Serrata Extract Market - Israel
- 7.6.5.1. Israel: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.6.6. Serrata Extract Market - South Africa
- 7.6.6.1. South Africa: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.7. Serrata Extract Market - Latin America
- 7.7.1. Latin America: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.7.3. Serrata Extract Market - Mexico
- 7.7.3.1. Mexico: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.7.4. Serrata Extract Market - Brazil
- 7.7.4.1. Brazil: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- 7.7.5. Serrata Extract Market - Argentina
- 7.7.5.1. Argentina: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Serrata Extract Market, by Form, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Manus Aktteva biopharma
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Arjuna Natural
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Now Food
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Marven Bio Chem
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Herbal BioActives
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Sanat
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Alchem International
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Jayshree Nath Herbals
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Alps Pure
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. IFF Health
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Bioprex Labs
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Himalayan Herbaria
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
Product Code: PM3405
List of Tables
- Table 1 Global Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 3 Serrata Extract Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 6 U.S.: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 8 Canada: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 10 Europe: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 12 UK: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 14 France: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 16 Germany: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 18 Italy: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 20 Spain: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 22 Netherlands: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 24 Russia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 28 China: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 30 India: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 32 Malaysia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 34 Japan: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 36 Indonesia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 38 South Korea: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 44 UAE: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 46 Israel: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 48 South Africa: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 50 Latin America: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 52 Mexico: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 54 Brazil: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Serrata Extract Market, by Form, 2019-2032 (USD Million)
- Table 56 Argentina: Serrata Extract Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Serrata Extract Market, by Form, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Serrata Extract Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Serrata Extract Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Form
- Figure 9 Global Serrata Extract Market, by Form, 2022 & 2032 (USD Million)
- Figure 10 Serrata Extract Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Serrata Extract Market
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