Saw Palmetto Extract Market Trends

Saw Palmetto Extract Market Overview

The Saw Palmetto Extract Market size was valued at USD 133.91 million in 2024 and is expected to reach USD 195.76 million by 2033, growing at a CAGR of 4.3% from 2025 to 2033.

The global saw palmetto extract market is experiencing significant growth, driven by increasing consumer preference for natural health solutions. In 2023, the market was valued at $172.4 million, with projections estimating it to reach $325.6 million by 2035. This growth is attributed to the rising prevalence of prostate-related health issues and the expanding aging population, particularly in North America and Europe.

The demand for organic saw palmetto products is also on the rise, with the organic segment accounting for 54% of the market share in 2023. Furthermore, the powder form of saw palmetto extract dominated the market, registering a 48% revenue share in the same year. These trends indicate a robust and expanding market for saw palmetto extract, with significant opportunities for growth and innovation.

Key Findings

Driver: Increasing awareness of the health benefits of saw palmetto extract, particularly in supporting prostate health, is a major driver of market growth.

Top Country/Region: North America leads the market, accounting for 36% of the global revenue share in 2023, due to high consumer awareness and established health and wellness industries.

Top Segment: The dietary supplements segment dominates the market, driven by consumer preference for natural and plant-based health solutions.

Saw Palmetto Extract Market Trends

The saw palmetto extract market is witnessing several key trends that are shaping its growth trajectory. One significant trend is the development of innovative product formulations to meet diverse consumer needs. Manufacturers are creating combination products that include saw palmetto extract along with other natural ingredients like pumpkin seed oil, stinging nettle root, and zinc, enhancing the overall effectiveness of the products. Additionally, novel delivery systems such as microencapsulation and liposomal formulations are being explored to improve the bioavailability of saw palmetto extract. Another trend is the increasing demand for saw palmetto extract in the cosmetics and personal care industry. Known for its anti-inflammatory and anti-aging properties, saw palmetto extract is becoming a popular ingredient in skincare and haircare products. This is driven by the growing consumer preference for natural and plant-based ingredients in personal care products.

Furthermore, there is a growing emphasis on research-driven quality enhancements. Standardization of extracts ensures consistent amounts of active compounds, which is crucial for both efficacy and safety. Advanced analytical techniques like high-performance liquid chromatography (HPLC) and gas chromatography-mass spectrometry (GC-MS) are being used to analyze the composition of saw palmetto extracts, ensuring product quality and authenticity. These trends indicate a dynamic and evolving market, with manufacturers focusing on innovation, quality, and meeting the growing consumer demand for natural health solutions.

Saw Palmetto Extract Market Dynamics

DRIVER

Rising demand for pharmaceuticals.

The increasing prevalence of prostate-related health issues, particularly benign prostatic hyperplasia (BPH), is driving the demand for saw palmetto extract in the pharmaceutical industry. Consumers are seeking natural alternatives to synthetic drugs, and saw palmetto extract has become a popular choice due to its potential benefits in supporting prostate health. The aging population, especially in North America and Europe, contributes significantly to this demand. Additionally, the growing awareness of the health benefits of saw palmetto extract is leading to its increased incorporation into various pharmaceutical formulations.

RESTRAINT

Demand for refurbished equipment.

One of the primary restraints facing the saw palmetto extract market is the issue of sustainability and supply chain challenges. Saw palmetto berries are predominantly sourced from wild plants in the southeastern United States, particularly Florida. The limited geographical distribution of these plants, combined with increasing demand, has led to concerns about overharvesting and potential depletion of natural resources. This situation has resulted in price volatility and supply inconsistencies, impacting manufacturers and consumers alike. Additionally, the lack of standardization in product quality and potency across the industry can undermine consumer trust and hinder market growth.

OPPORTUNITY

Growth in personalized medicines.

A significant market opportunity lies in the expansion of saw palmetto applications beyond prostate health. Emerging research suggests potential benefits of saw palmetto extract in areas such as hair loss prevention, hormonal balance in both men and women, and urinary tract health. By diversifying product offerings and targeting new consumer segments, companies can tap into previously unexplored markets and drive growth. For instance, the development of saw palmetto-based hair care products or supplements targeting female hormonal issues could open up new revenue streams and broaden the market's scope.

CHALLENGE

Rising costs and expenditures.

The saw palmetto extract market faces challenges related to rising costs and expenditures. The overharvesting of saw palmetto berries has led to concerns about sustainability and has resulted in increased raw material prices. This, in turn, leads to higher retail prices for finished products, making them less affordable for some consumers. Additionally, the lack of standardization in product quality and potency can result in variability in product efficacy, affecting consumer trust. These factors, combined with competition from synthetic alternatives, pose significant challenges to the growth of the saw palmetto extract market.

Saw Palmetto Extract Market Segmentation

The saw palmetto extract market is segmented by type and application.

By Type

Reagent Grade: saw palmetto extract is primarily used in research and laboratory settings. It is characterized by high purity levels, ensuring accurate and reliable results in scientific studies. This type of extract is essential for developing new formulations and understanding the properties of saw palmetto.
Pharmaceutical Grade: saw palmetto extract is used in the production of medications and supplements. It meets stringent quality standards to ensure safety and efficacy. This grade of extract is crucial for treating health conditions such as BPH and is widely used in the pharmaceutical industry.
Food Grade: saw palmetto extract is used in the formulation of functional foods and beverages. It is safe for consumption and is incorporated into products like energy bars, health drinks, and yogurts to enhance their nutritional profile. In 2023, the functional foods and beverages segment attained a 25% revenue share in the market.
Industry Grade: saw palmetto extract is used in non-consumable products, such as cosmetics and personal care items. It is valued for its anti-inflammatory and anti-aging properties, making it a popular ingredient in skincare and haircare products.
Saw Palmetto Extract: This refers to the general category encompassing all grades of saw palmetto extract. It includes various forms and applications, catering to diverse consumer needs across different industries.

By Application

Skin Care Product: Saw palmetto extract is increasingly used in skincare products due to its anti-inflammatory properties. It helps in reducing acne and other skin conditions, making it a valuable ingredient in creams, lotions, and serums. The growing consumer preference for natural and plant-based skincare products is driving the demand in this segment.
Food and Drinks: The incorporation of saw palmetto extract into functional foods and beverages is a growing trend. Products such as energy bars, health drinks, and yogurts are being fortified with saw palmetto extract to enhance their health benefits. In 2023, the functional foods and beverages segment attained a 25% revenue share in the market.
Medicines: Saw palmetto extract is widely used in the pharmaceutical industry for the treatment of prostate-related health issues. It is incorporated into medications and supplements aimed at alleviating symptoms of BPH and promoting urinary tract health. The increasing prevalence of these health conditions is driving the demand in this segment.
Others: This category includes other applications of saw palmetto extract, such as in hair care products and hormonal balance supplements. Emerging research suggests potential benefits of saw palmetto extract in these areas, presenting new opportunities for market growth.

Saw Palmetto Extract Market Regional Outlook

The saw palmetto extract market exhibits varying levels of demand and growth potential across different regions.

North America

particularly the United States, remains a leading market for saw palmetto extract. In 2023, the region accounted for 36% of the global revenue share. The high consumer awareness and established health and wellness industry drive the demand for natural supplements. The aging population and increasing prevalence of prostate-related health issues further contribute to market growth.

Europe

continues to demonstrate robust growth driven by a high prevalence of prostate-related disorders and a mature consumer base that values natural remedies. Germany, France, and the United Kingdom are among the top contributors. In Germany alone, over 12.2 million men above the age of 50 are at risk of benign prostatic hyperplasia (BPH), a key condition for which saw palmetto extract is used. The European market places significant emphasis on plant-based medicine, with nearly 38% of all pharmaceutical sales involving herbal products.

Asia-Pacific

is witnessing a rapid surge in demand for saw palmetto extract, fueled by growing awareness of men’s health and the increasing popularity of herbal supplements. China, Japan, South Korea, and India are the primary markets driving this growth. In China, traditional medicine still dominates consumer choices, but modern formulations using Western herbs like saw palmetto are gaining traction, especially in urban areas. Over 56% of Chinese consumers are open to purchasing health products containing Western herbal extracts, up from 44% in 2020.

Middle East & Africa

is still in its nascent stages but shows promising growth potential due to increasing health awareness and rising investment in nutraceutical imports. In the Gulf Cooperation Council (GCC) countries, particularly the UAE and Saudi Arabia, over 30% of the adult male population aged 45 and older report urinary and prostate-related symptoms, creating a growing demand for natural health remedies like saw palmetto extract.

List of Top Saw Palmetto Extract Companies

Bio-Botanica Inc.
BASF
Biocosmethic
Crodarom
DSM Nutritional Produ

BASF: holds a leading share in the global saw palmetto extract market, offering high-quality, pharmaceutical-grade extracts with standardized fatty acid concentrations. The company supplies over 520 metric tons of saw palmetto extract annually for pharmaceutical and nutraceutical applications across 40 countries.

DSM Nutritional Products: is a dominant player with advanced extraction technologies and global supply chain capabilities. In 2023, DSM reported supplying saw palmetto extract to over 230 different branded supplement manufacturers, delivering more than 480 metric tons of extract globally.

Investment Analysis and Opportunities

The saw palmetto extract market is attracting significant investment, especially from pharmaceutical and nutraceutical companies seeking to diversify product portfolios with botanical ingredients. As of 2024, over 175 new nutraceutical startups globally are actively researching or marketing formulations featuring saw palmetto extract. The average investment size per company for R&D into herbal ingredients, including saw palmetto, has increased to $2.1 million in the past 18 months. Private equity interest is rising, with over 12 acquisition deals in the botanical extract sector involving saw palmetto in 2023 alone. These transactions span Europe, North America, and Asia-Pacific, signaling global investor confidence in the long-term viability of plant-based therapeutics. For instance, a European nutraceutical firm acquired a Florida-based saw palmetto extraction company for $58 million, intending to increase the production capacity by 40% by 2026. In the APAC region, countries like China and India are developing dedicated herbal clusters and biotechnology parks where saw palmetto extract processing is receiving government subsidies. India’s Ministry of AYUSH has allocated more than ₹210 crore in 2024 to support botanical research, including Western extracts like saw palmetto.

Similarly, China's “Healthy China 2030” initiative has indirectly driven demand for high-quality herbal supplements, attracting foreign players to invest in localized manufacturing units. Moreover, the shift toward sustainable sourcing has also prompted agritech investments in saw palmetto berry harvesting in the southeastern U.S. and Latin America. More than 600 hectares of certified organic saw palmetto plantations are currently under development in Georgia and Florida to meet surging global demand. Blockchain-enabled supply chain transparency, already implemented by at least 5 major suppliers, is also becoming a critical investment area for traceability and ethical sourcing. Product diversification offers further opportunities. More than 420 new SKUs were launched globally in 2023 alone, integrating saw palmetto extract into multivitamins, men’s grooming products, and functional beverages. Market analysts estimate that the number of SKUs could exceed 750 by the end of 2025 if the current innovation trend continues.

New Product Development

New product development in the saw palmetto extract market is at an all-time high, with over 60 brands introducing novel applications in the pharmaceutical, nutraceutical, and cosmetics sectors during 2023–2024. The trend is strongly aligned with consumer demand for multifunctional health solutions. In particular, softgel formulations have gained prominence due to improved bioavailability, with more than 30% of new products in 2023 adopting this format. There has also been a surge in the use of saw palmetto extract in hair loss prevention formulations. At least 145 new hair care products containing saw palmetto were introduced globally in 2023, with clinically tested claims of reducing hair thinning by 25% over 12 weeks. Brands are pairing saw palmetto with other actives like pumpkin seed oil and biotin to target DHT-related hair loss. Japan and South Korea are leading markets in this segment, driven by tech-savvy, health-conscious consumers. On the pharmaceutical side, controlled-release tablets and dual-action supplements targeting prostate health and urinary tract function have been a key area of focus.

For example, a new extended-release capsule featuring 320 mg of standardized saw palmetto extract and beta-sitosterol was launched in the U.S., showing improved patient compliance in clinical trials involving 1,200 men. Cosmetics brands are incorporating saw palmetto into oil-control skin care lines, citing its ability to reduce sebum production. French brand formulations showed a 31% decrease in facial oil production in clinical settings when used twice daily for four weeks. Similarly, South Korean companies launched facial masks and serums containing saw palmetto in combination with niacinamide and green tea extract for oily and acne-prone skin types. Innovations in extraction and stabilization technologies have also influenced product development. Supercritical CO₂ extraction methods are being adopted by more than 20 manufacturers, ensuring higher purity and preserving active compounds. Additionally, encapsulation technologies using liposomes and phytosomes have improved the solubility of saw palmetto in aqueous-based solutions, allowing integration into ready-to-drink health beverages and oral sprays.

Five Recent Developments

BASF Expanded Production Capacity for Botanical Extracts: announced an expansion of its extraction and purification facilities dedicated to botanical extracts, including saw palmetto. The increased capacity is estimated to handle over 1,000 metric tons annually, aimed at meeting rising demand from pharmaceutical and nutraceutical sectors. This investment supports BASF’s strategy to strengthen its global botanical ingredient supply chain.
DSM Nutritional Products Launched a New High-Potency Saw Palmetto Extract: Nutritional Products introduced a standardized saw palmetto extract with enhanced fatty acid concentration of 95%, compared to the industry average of 85-90%. This product targets advanced pharmaceutical formulations and specialized dietary supplements, enabling more effective dosages in smaller capsule sizes.
Bio-Botanica, Inc. Secured Organic Certification for Wild-Harvested Saw Palmetto: obtained USDA organic certification in mid-2023 for its wild-harvested saw palmetto berries from Florida. The certification covers over 500 acres of sustainable harvesting grounds and allows the company to supply fully organic saw palmetto extracts to the growing organic nutraceutical market.
Crodarom Developed Saw Palmetto Extract-Based Cosmetic Ingredients: introduced a novel saw palmetto extract formulation designed specifically for hair care products. This formulation demonstrates a 30% improvement in DHT inhibition in lab tests, aiming to reduce hair thinning and improve scalp health, and is already integrated into several premium anti-hair loss shampoos in Europe.
Increased Import-Export Volume Between the U.S. and Asia-Pacific: Trade statistics from 2023 show that saw palmetto extract exports from the U.S. to Asia-Pacific countries grew by 18%, with Japan, South Korea, and China leading as key importers. This surge reflects expanding consumer interest in natural health supplements and functional foods within the Asia-Pacific region.

Report Coverage of Saw Palmetto Extract Market

This comprehensive report on the saw palmetto extract market provides an extensive analysis of the global landscape, covering all critical facets necessary for stakeholders to understand the market’s current state and future potential. It systematically explores the segmentation of the market by type and application, with detailed insights into pharmaceutical-grade, food-grade, reagent-grade, industrial-grade, and pure saw palmetto extracts. The report breaks down the application segments, including skin care products, food and beverages, medicines, and other niche uses, supported by numerical data on consumption volumes and usage trends. In addition to segmentation, the report includes a thorough regional outlook encompassing North America, Europe, Asia-Pacific, and the Middle East & Africa. Each region’s market performance is quantified with data on production volumes, import-export statistics, and consumption patterns. For example, North America remains a dominant supplier with the U.S. accounting for approximately 70% of global saw palmetto berry harvesting, while Europe leads in pharmaceutical application adoption. The Asia-Pacific region shows the fastest increase in nutraceutical and cosmetic applications, registering over a 15% annual growth in product launches containing saw palmetto extract. The report also evaluates the competitive landscape, identifying the top companies such as BASF and DSM Nutritional Products that collectively hold a significant market share exceeding 45%.

Their strategic initiatives, including capacity expansions and new product launches, are discussed with reference to production volumes and innovation milestones. The presence of regional players is highlighted, showing their growing influence in local supply chains and sustainable sourcing efforts. Investment analysis forms a core part of the coverage, addressing capital inflows, R&D spending exceeding $50 million globally on extraction technologies, and market entry opportunities in emerging economies. Furthermore, the report delves into new product developments, focusing on innovative extraction methods like supercritical CO₂ and freeze-drying that enhance extract purity and bioavailability. Recent developments between 2023 and 2024 are cataloged with detailed figures, such as the 18% rise in saw palmetto extract exports from the U.S. to Asia-Pacific, reflecting expanding market demand. Regulatory frameworks across major regions are also examined, outlining compliance requirements, organic certification standards, and product registration statistics. Overall, the report offers a data-rich and SEO-optimized resource designed for manufacturers, distributors, investors, and policymakers seeking actionable insights into the saw palmetto extract market’s dynamics and opportunities.