What is Pygeum Bark Africanum P.E - Global Market?
Pygeum Bark Africanum P.E, also known as Prunus Africana, is a tree native to Africa. The bark of this tree has been used for centuries in traditional African medicine for its therapeutic properties. In the global market, Pygeum Bark Africanum P.E is recognized for its potential health benefits, particularly in the treatment of benign prostatic hyperplasia (BPH), a common condition affecting older men. The extract from the bark of this tree is rich in phytosterols, which are believed to inhibit the production of dihydrotestosterone (DHT), a hormone that contributes to the enlargement of the prostate. However, the global market for Pygeum Bark Africanum P.E is not just limited to its medicinal uses. It is also used in various other industries, including the cosmetic industry, where it is valued for its anti-aging properties. Despite its wide range of applications, the global market for Pygeum Bark Africanum P.E is still relatively small, with a lot of potential for growth.
Paste Type, Powder Type, Other in the Pygeum Bark Africanum P.E - Global Market:
The Pygeum Bark Africanum P.E is available in various forms in the global market, including paste type, powder type, and others. The paste type is often used in the health care industry, particularly in the production of dietary supplements. It is easy to use and can be easily incorporated into various products. The powder type, on the other hand, is commonly used in the pharmaceutical industry. It is often encapsulated and used in the production of drugs for the treatment of BPH. Other forms of Pygeum Bark Africanum P.E include liquid extracts and tinctures, which are also used in various industries. Despite the different forms, the quality of the Pygeum Bark Africanum P.E remains consistent, ensuring its efficacy and safety.
Health Care, Medical Treatment, Other in the Pygeum Bark Africanum P.E - Global Market:
The use of Pygeum Bark Africanum P.E in the health care, medical treatment, and other industries is widespread. In health care, it is often used in the production of dietary supplements due to its potential health benefits. It is believed to support prostate health, improve urinary health, and even boost immunity. In medical treatment, Pygeum Bark Africanum P.E is used in the production of drugs for the treatment of BPH. It is often prescribed by doctors as a natural alternative to conventional drugs. Other uses of Pygeum Bark Africanum P.E include its use in the cosmetic industry, where it is valued for its anti-aging properties. It is often incorporated into various skincare products, including creams, lotions, and serums.
Pygeum Bark Africanum P.E - Global Market Outlook:
In terms of the global market outlook for Pygeum Bark Africanum P.E, the market was valued at US$ 8 million in 2022. It is expected to grow to US$ 10 million by 2029, with a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2023 to 2029. The majority of the global production of Pygeum Bark Africanum P.E is concentrated in Africa, which accounts for about 87% of the total production. The United States follows with a share of about 9%. Despite the relatively small size of the market, the potential for growth is significant, given the wide range of applications of Pygeum Bark Africanum P.E.
| Report Metric | Details |
| Report Name | Pygeum Bark Africanum P.E - Market |
| Forecasted market size in 2029 | US$ 10 million |
| CAGR | 3.2% |
| Forecasted years | 2023 - 2029 |
| Global Pygeum Bark Africanum P.E market, by region: |
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| Global Pygeum Bark Africanum P.E market, Segment by Type: |
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| Global Pygeum Bark Africanum P.E market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
