Serrata extract, also known as Boswellia serrata extract, has been used for centuries in traditional medicine for its anti-inflammatory and pain-relieving properties. Today, it has gained popularity as a natural supplement for joint health and wellness, and the global serrata extract market is expected to grow significantly in the coming years. In this article, we will explore the journey of serrata extract from traditional medicine to modern healthcare and its place in the global market.
Traditional Use of Serrata Extract Market
Serrata extract has been used in traditional medicine for centuries in India and the Middle East, where it is known as “Indian frankincense.” It has been used to treat a wide range of health conditions, including arthritis, asthma, and inflammatory bowel disease. The resin of the Boswellia serrata tree, from which the extract is derived, has also been used in religious ceremonies and as a perfume.
In traditional medicine, serrata extract is believed to work by reducing inflammation in the body. The active compound in the extract, boswellic acid, has been shown to inhibit the production of inflammatory molecules and alleviate pain.
Modern Applications of Serrata Extract Market
In modern healthcare, serrata extract has gained popularity as a natural supplement for joint health and wellness. It is commonly used to alleviate joint pain and inflammation, particularly in conditions such as osteoarthritis and rheumatoid arthritis.
Serrata extract is available in various forms, including capsules, tablets, creams, and oils. It is often combined with other natural ingredients such as turmeric and ginger for added benefits. In topical form, it is used for pain relief and inflammation.
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. The market is segmented based on the form of the extract, which includes capsules, tablets, creams, and oils.
Market Potential of Serrata Extract Market
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.
Geographically, 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 Landscape in the Serrata Extract 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. Sabinsa Corporation has a strong distribution network and is present in several countries across the globe.
Alchem International is another key player in the serrata extract market, offering a range of products that include serrata extract, boswellic acid, and other natural ingredients. The company is focused on sustainability and uses environmentally friendly practices in its manufacturing processes. Alchem International has a global presence and exports its products to over 35 countries.
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.
