According to the report by Expert Market Research (EMR), the global salacia market is being aided by the growth of the herbal medicine market. The global herbal medicine market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
Salacia, a genus of plants native to specific regions in Asia, particularly India and Sri Lanka, has long been used in traditional medicine. Salacia reticulata and Salacia oblonga are two species that have particularly garnered attention for their therapeutic benefits, notably in managing diabetes. The root and stem of salacia plants contain unique compounds that can help inhibit the absorption of carbohydrates, making it a valuable natural solution for regulating blood sugar levels.
A significant salacia market trend is the escalating burden of diabetes. As per the World Health Organization (WHO), the number of individuals with diabetes has surged over the past few decades, and it’s now a critical public health challenge worldwide. With the alarming rise of this condition and the continuous search for alternative treatments, salacia has been identified as a potential natural remedy for blood sugar management.
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Moreover, with the increased global emphasis on holistic and natural wellness, many consumers have turned to traditional remedies, fortifying the salacia market demand. This trend is intensified by the growing body of scientific research supporting the benefits of salacia, further cementing its place in the global health market.
Besides diabetes management, salacia also finds potential in weight management. The carbohydrate-blocking properties not only assist with blood sugar levels but may also aid in preventing weight gain, a factor that is boosting the salacia market growth. These properties are also making salacia a favoured ingredient in the burgeoning weight management supplement market.
The cosmetics industry is another sector that’s recognised the potential of salacia. With its natural anti-inflammatory properties, salacia extract is increasingly being incorporated into skincare products to combat inflammation and redness, catering to a global consumer base that’s consistently on the lookout for natural skincare solutions.
Furthermore, the rise in plant-based diets and an increasing number of individuals seeking natural solutions for health concerns pave the way for salacia’s introduction into functional foods and beverages. This inclusion not only offers health benefits but also introduces a novel flavour profile, appealing to a broad spectrum of consumers. The global salacia market outlook exhibits a promising trajectory, driven by its multifaceted applications in the health and cosmetics sectors.
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Salacia Market Segmentation
The market can be divided based on plant species, source, application, and region.
Market Breakup by Plant Species
- Salacia Oblonga
- Salacia Reticulata
Market Breakup by Source
- Organic
- Conventional
Market Breakup by Application
- Dietary Supplements
- Pharmaceuticals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global salacia market. Some of the major players explored in the report by Expert Market Research are as follows:
- S.A. Herbal Bioactives LLP
- VPL Chemicals Pvt Ltd.
- Princeton Vitamins LLC
- All-Season Herbs. Pvt. Ltd.
- Others
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