Global Salacia Market Report and Forecast 2024-2032

Global Salacia Market Outlook

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 6.0% in the forecast period of 2024-2032.

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The Asia Pacific to Provide Enhanced Growth Opportunities for the Expansion of the Salacia Industry

Region-wise, the Asia Pacific is expected to significantly contribute to the industry growth over the forecast period. This can be attributed to the easy availability of salacia in various Asian countries like Sri Lanka, India, China, Indonesia, and Vietnam, among others, as well as increased utilisation of the product in traditional medical practices. Salacia serves as a popular ingredient in Ayurvedic remedies for the treatment of diabetes and obesity. Thus, the growing demand for herbal products in the region is expected to propel the industry growth. Meanwhile, the growing shift towards natural products and increased prevalence of obesity in North America are expected to drive the market growth in the region. This is further supported by the high consumer spending power and growing health awareness in the region.

Salacia: Market Segmentation

Salacia, a woody climber naturally found in tropical regions, is a genus of plants in the family Celastraceae. Salacia genus consists of nearly 120 species (e.g. Salacia reticulata, Salacia oblonga, and Salacia prinoides). The roots and stems of various species have been used for hundreds of years in the treatment of asthma, rheumatism, itching and swelling, diabetes, and skin diseases. The most prominent active agents in salacia include salacinol, kotalanol, mangiferin, and kotalagenin 16?acetate. Among these, mangiferin has been the most extensively studied individual constituent.

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The different plant species of salacia are:

• Salacia Oblonga
• Salacia Reticulata

Based on source, the industry can be bifurcated into:

• Organic
• Conventional

The various application sectors of salacia include:

• Dietary Supplements
• Pharmaceuticals
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increased Prevalence of Diabetes and the Growing Preference for Herbal Remedies are Boosting the Salacia Industry Growth

The demand for salacia extracts has risen in recent years owing to the rapid increase in the incidences of diabetes and pre?diabetes and the need for safe and effective drugs that can assist in the control of blood sugar as well as lipid levels. The diabetic patients rely on current conventional treatment protocols, which involve medications and complex treatment regimes and may cause several side effects. This has created an enhanced demand for herbal and alternative treatment solutions. A number of clinical studies have indicated that aqueous salacia extracts, when administered to type II diabetic subjects, effectively control blood glucose levels, and do so without adverse effects. This is significantly driving the demand for the product in the pharmaceutical industry. Also, salacia extracts appear to be very safe, based on animal and in vitro studies, as well as human use. Other factors like rising disposable incomes and the growing demand for dietary supplements are also aiding the market. Over the forecast period, the growing research and development activities are expected to create new opportunities for salacia in sectors like cosmetics and personal care. This is expected to positively influence the industry growth.

Key Industry Players in the Global Salacia Market

The report gives a detailed analysis of the following key players in the global salacia market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• S.A. Herbal Bioactives LLP
• VPL Chemicals Pvt Ltd.
• Princeton Vitamins LLC
• All-Season Herbs. Pvt. Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report