Serrata extract, also known as boswellia serrata extract, is derived from the resin of the Boswellia tree, which is native to India and some parts of Africa. Serrata extract has been used for centuries in traditional Indian medicine to treat various ailments, including arthritis, asthma, and other inflammatory conditions. Today, serrata extract is gaining popularity in the nutraceutical and cosmeceutical industries due to its numerous health benefits.
Nutraceutical Industry in the Serrata Extract Market
The nutraceutical industry is an umbrella term that includes dietary supplements, functional foods, and beverages that offer health benefits beyond basic nutrition. Serrata extract has been widely used in the nutraceutical industry due to its anti-inflammatory and antioxidant properties.
According to a report by Grand View Research, the global nutraceutical market size was valued at USD 384.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2021 to 2028. The increasing demand for natural and organic products, coupled with growing health awareness among consumers, is driving the growth of the nutraceutical industry.
Serrata extract is used as an ingredient in dietary supplements and functional foods due to its ability to reduce inflammation and pain. Studies have shown that serrata extract can be beneficial in treating conditions such as osteoarthritis, rheumatoid arthritis, and asthma. Serrata extract can also help lower cholesterol levels, improve brain function, and boost immunity.
Cosmeceutical Industry in the Serrata Extract Market
The cosmeceutical industry is a combination of cosmetics and pharmaceuticals, and it includes products that offer cosmetic benefits with pharmaceutical properties. Serrata extract is gaining popularity in the cosmeceutical industry due to its anti-aging and skin-healing properties.
According to a report by Zion Market Research, the global cosmeceutical market size was valued at USD 48.04 billion in 2020 and is expected to grow at a CAGR of 7.2% from 2021 to 2028. The increasing demand for anti-aging products, coupled with growing awareness about skincare, is driving the growth of the cosmeceutical industry.
Serrata extract is used as an ingredient in skincare products due to its ability to reduce inflammation, improve skin elasticity, and boost collagen production. Studies have shown that serrata extract can be beneficial in treating conditions such as acne, eczema, and psoriasis. Serrata extract can also help reduce the appearance of fine lines and wrinkles, making it an ideal ingredient in anti-aging products.
Market Trends in the Serrata Extract Market
The growing demand for natural and organic products is driving the growth of the serrata extract market in both the nutraceutical and cosmeceutical industries. Consumers are becoming more health-conscious and are looking for products that are free from harmful chemicals and synthetic ingredients.
The increasing use of serrata extract in dietary supplements and functional foods is also driving the growth of the market. The demand for natural ingredients that offer health benefits beyond basic nutrition is increasing, and serrata extract is becoming a popular choice among manufacturers.
In the cosmeceutical industry, the increasing demand for anti-aging products is driving the growth of the serrata extract market. Consumers are looking for products that can help reduce the signs of aging, and serrata extract is becoming a popular ingredient in anti-aging skincare products.
Conclusion in the Serrata Extract Market
The growing demand for natural and organic products, coupled with increasing health awareness among consumers, is driving the growth of the serrata extract market in the nutraceutical and cosmeceutical industries. Serrata extract offers numerous health benefits, including anti-inflammatory, antioxidant, and anti-aging properties, making it an ideal ingredient in dietary.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
