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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:
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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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