The demand for natural supplements has been on the rise in recent years, driven by the growing awareness of the health benefits of natural ingredients and the trend towards holistic health and wellness. Serrata extract, also known as Boswellia serrata extract, is one such natural supplement that has gained popularity for its anti-inflammatory and pain-relieving properties. In this article, we will explore the rise of natural supplements and the market potential of serrata extract as a key ingredient in the health and wellness industry.
The Rise of Natural Supplements
The health and wellness industry has been undergoing a shift towards natural and organic products in recent years, driven by the growing consumer demand for healthier and more sustainable options. Natural supplements have gained popularity as a convenient and effective way to support overall health and wellness, with a wide range of options available for various health concerns.
The global market for natural supplements is expected to grow significantly in the coming years, driven by factors such as increasing health awareness, the aging population, and the trend towards preventive healthcare. According to a report by Zion Market Research, the global natural supplements market was valued at USD 128.6 billion in 2020 and is expected to grow at a CAGR of 7.5% from 2021 to 2028.
Serrata Extract Market
Serrata extract is a natural supplement that has gained popularity for its anti-inflammatory and pain-relieving properties. It is derived from the resin of the Boswellia serrata tree, which is native to India and the Middle East. The active compound in serrata extract is boswellic acid, which has been shown to inhibit the production of inflammatory molecules in the body and alleviate joint pain.
The global serrata extract market is expected to grow significantly in the coming years, driven by the increasing demand for natural supplements for joint health and wellness. According to a report by Grand View Research, the global serrata extract market was valued at USD 151.9 million in 2020 and is expected to grow at a CAGR of 7.7% from 2021 to 2028.
Serrata extract is commonly used in the form of capsules and tablets, and is often combined with other natural ingredients such as turmeric and ginger for added benefits. It is also used in topical creams and oils for pain relief and inflammation.
Market Potential of Serrata Extract Market
The serrata extract market has significant market potential, driven by the increasing demand for natural supplements for joint health and wellness. The market is segmented based on the form of the extract, which includes capsules, tablets, creams, and oils.
Capsules and tablets are the most common forms of serrata extract, and are widely used for joint health and to alleviate joint pain. Creams and oils are also gaining popularity, particularly in the topical pain relief market.
Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is currently the largest market for serrata extract, followed by Europe and Asia Pacific. The increasing prevalence of joint disorders, such as osteoarthritis and rheumatoid arthritis, and the growing trend towards natural and organic supplements are driving the growth of the market in these regions.
Competitive Analysis Market
The serrata extract market is highly competitive, with a large number of players operating in the market. The key players in the market include Sabinsa Corporation, Alchem International, TCI Chemicals, and AKAY, among others.
Sabinsa Corporation is one of the leading players in the serrata extract market, offering a wide range of products that include capsules, tablets, and creams. The company is actively involved in research and development, and is constantly introducing new products and formulations in the market.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
