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Global Salacia Market to Grow at a Healthy Pace During 2020-2025, Aided by the Growing R&D Activities

According to a new report by EMR titled, ‘Global Salacia Market Report and Forecast 2020-2025’, the global market for salacia is being aided by the rising herbal medicine market, which is expected to grow at a CAGR of 6% between 2020 and 2025.

Based on plant species, salacia reticulata has been studied widely for its presumed hypoglycaemic and anti-obesity effects in animal models as well as humans. The species is also believed to contain anti-rheumatic properties and has been used in traditional healing practices to treat skin related disorders. The growing R&D activities regarding this aspect of salacia is expected to provide new growth opportunities for the market expansion. Further, the growing demand for convenient and easy to carry supplements have pushed manufacturers to prepare salacia based products in powdered as well as capsule forms. This is expected to further aid the industry growth. S.A. Herbal Bioactives LLP, one of the key players in the industry, sells salacia extract for use as anti-diabetic and skin protective agents in various applications. The company has set up a state-of-the-art analytical laboratory to support various types of analysis as well as R&D activities related to herbal products. Such developments are expected to boost industry growth.

Expanding distribution channels in countries with high growth potential for herbal products is expected to further propel the salacia industry. Easy availability of various end use products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) will positively impact the industry growth. Also, the online platforms provide various coupons and discount offers to the consumers, which is anticipated to enhance the online sales of these end use products, thus, creating enhanced growth opportunity for the market expansion.

Market Breakup by Plant Species, Source, Application, and Region:

  • Based on plant species, the industry is bifurcated into salacia oblonga and salacia reticulata.
  • On the basis of source, the industry can be segmented into organic and conventional.
  • The various application of salacia are dietary supplements, and pharmaceuticals, among others.
  • Region-wise, the global market for salacia can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the growing utilisation of salacia in the pharmaceutical sector and the rising demand for natural products.
  • The changing dietary patterns and hectic lifestyle is resulting in an increased occurrence of diabetes and obesity across the globe, which is further accelerating the industry growth. 
  • The increasing demand for dietary supplements and rising consumer disposable incomes are also aiding the market growth.
  • The industry will receive further impetus with the growing investments in R&D activities by the key players and the thriving retail sector.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for salacia for the periods (2015-2019) and (2020-2025). 
  • The report also offers historical (2015-2019) and forecast (2020-2025) market information for the plant species, sources, applications, and regional markets of salacia.
  • The report also gives the regional historical (2015-2019) and forecast (2020-2025) price trends of the product.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global Salacia market include S.A. Herbal Bioactives LLP, VPL Chemicals Pvt Ltd., Princeton Vitamins LLC, and All-Season Herbs. Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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