Global Serrata Extract Market - 2023-2030

Market Overview

Serrata Extract Market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 7.6% during the forecast period (2023-2030).

Boswellia serrata plant is native to Africa, India, and the Arabian Peninsula. It contains chemicals that decrease swelling and increase the body's immune system. Serrata extracts have extraordinary medicinal properties and can effectively treat a wide range of diseases, including body aches. It is used for the treatment of osteoarthritis, asthma, diabetes, and stroke. Increasing application of serrate extract in the pharmaceutical industry drives market growth in the forecast period.

Market Dynamics: Increase in the consumers awareness about the benefit of consumption of serrata extract drives market growth

Serrata extract is used for osteoarthritis dosage because it has anti-inflammatory properties. It prevents swelling at joints and prevents the breakdown of cartilage; due to this, it is an effective remedy against osteoarthritis. Serrata extract is also effective for the treatment of rheumatoid arthritis. The anti-inflammatory properties of Boswellia make it effective against inflammatory disorders of the gastrointestinal tract, such as Crohn's disease and ulcerative colitis. Boswellia serrate enhances the ability of the body to heal external bruises and wounds, as well as internal wounds like hemorrhage. It reduces leucotrienes which cause contraction of bronchial muscles that reduce the severity and onset of asthma and other bronchial inflammatory diseases. It is effective in reducing coughing symptoms.

Serrata extract is beneficial for female reproductive health upon the usage of Boswellia. It promotes normal and comfortable menstruation, clears uterine congestion, and enhances reproductive organ circulation. It reduces damage and destruction of connective tissues. This aids in maintaining healthy skin and preventing the onset of wrinkles. Boswellia may be a potent aphrodisiac to enhance sensual pleasure during sexual activities. Boswellic acid is considered to act in several ways to inhibit cancer growth. It prevents some enzymes from acting upon genetic material.

Research indicates that Boswellia may be able to combat advanced breast cancer cells and may limit the spread of malignant leukemia. It is also considered to be effective against pancreatic cancer cells. They are widely used by different pharmaceutical companies to make alternative drugs in the form of pills, and capsules among others.

Market Segmentation: Powder segment accounted for the highest share in global serrata extract market.

Boswellia serrata is a type of plant native to India and parts of Pakistan, which produces Indian Frankincense and the resin from which Boswellia powder is made. Boswellia commonly comes in pill capsules, resin, and topical creams when used as a nutritional supplement. The powder form of serrate extract has a wide range of traditional uses. Primarily it helps to regulate a normal inflammatory response. The main active ingredient, 11-keto-beta-boswellic acid, is responsible for inhibiting pro-inflammatory enzymes such as 5-lipo-oxygenase. The awareness about the health advantages of powder-based Serrata extract will supplement the market expansion.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period.

Asia Pacific is the dominating region in the serrata extract market in the forecast period. India and China dominate the region due to the high demand for serrata extract as supplements and the high production of serrata extract. Some of the major key players in the region focused on research and development activities to launch new products in the market. Major key players focused on product launches that helped to boost the sales of Serrata extract. An increase in the health benefit awareness of using serrata extract as a supplement helps boost the market in the forecast period. Arjuna naturals, the major key player in the market, launched AKBAMAX (BosPure), a unique Serrata extract. AKBAMAX contains 40% total Boswellic acid and is more potent than conventional Boswellia serrata extract. The extract is a cost-effective, safe, and biologically potent inflammatory response support with diverse clinical applications.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are Manus Aktteva Biopharma LLP, Marven Bio Chem, Hernal BioActives LLP, Sanat, S.A., Jayshree Nath Herbals, Herbal Creations, Ambe NS Agro product Pvt ltd., Venkatesh Natural Extract Pvt ltd., Himalayan Herbaria, and Alchem International among others. Some of the major key players in the market launched new products to increase their sales. For instance, in December 2021, India-based company Lee pharma launched a potent nutraceutical product with a synergetic combination of naturally derived ingredients with potent anti-inflammatory action as adjuvant therapy for getting relief from joint pains, fatigue, and neuropathic pain like burning, numbness, or tingling sensation usually in hands arms, palms, legs or feet associated with post-viral infections such as coronavirus. The oral tablet formulation is released under the brand name ACTOKIN. These tablets are used in place of painkillers without any side effects. Collagen and Boswellia Serrata in the tablet act as strong anti-inflammatory agents by inducing oral tolerance to pathological immune responses. An increase in competitors' research and development activities drives Serrata extract demand in the market. For instance, PLT Health Solutions, Inc announced the clinical study report on its Boswellia serrata-based ApresFlex 5-Day Joint Support ingredient that provides further evidence of its ability to support joint health and function with statistically significant improvements in pain scores and biomarkers starting at only five days from initial consumption.

COVID-19 Impact: Positive impact on the global serrata extracts market

There has been growing health consciousness among consumers because of the pandemic. There has been an increasing demand for Serrata extracts during the pandemic as they offer various health benefits. Furthermore, multiple types of research have established the anticarcinogenic, cardioprotective, neuroprotective, antibacterial, and antiviral properties of Serrata extract that have multiple health benefits. The sales of Serrata extract products grew significantly due to the outbreak of the COVID-19 pandemic. As the pandemic tested the immune system of people, the demand for Serrata extract products grew, as Serrata has been proven to improve the immune system. The products stored in the inventories were sold quickly as people started stockpiling products, even though the production volume after that was significantly affected due to a reduced workforce and most of the production houses being shut down for an indefinite period.

The global serrata extract market report would provide an access to approximately 56 market data tables, 42 figures and 170 pages