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The Increasing Adoption Of Colloidal Silver For Health And Wellness Applications Is Anticipated To Openup The New Avenue For Global Colloidal Silver Market

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ashwinicmi
The Increasing Adoption Of Colloidal Silver For Health And Wellness Applications Is Anticipated To Openup The New Avenue For Global Colloidal Silver Market

The Global Colloidal Silver Market is estimated to be valued at US$ 361.4 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Colloidal silver products are available in various forms like drops, gels, creams and sprays. They are widely used as antibacterial and anti-fungal agent. Colloidal silver products claim to boost immunity, protect against cold and flu, speed wound healing and relieve symptoms of arthritis. It is marketed as an antibiotic alternative for infections and as a natural remedy for various other health conditions. However, its efficacy for medicinal use has not been established and overuse may cause argyria, a condition where the skin turns bluish-gray.

Market Dynamics:

The Global Colloidal Silver Market is driven by growing preference for natural remedies and supplements for health and wellness. Consumer perception of colloidal silver as a natural antibacterial agent is contributing to market growth. According to the National Health Interview Survey in 2017, around 23% of Americans reported using natural supplements. However, lack of research to validate efficacy and safety of colloidal silver for medical use poses a challenge for market growth. Stringent regulations in majority regions also limit commercial prospects for the market.


Segment Analysis

The global colloidal silver market is dominated by the personal care and hygiene segment. Around 60% of the global sales are from personal care and hygiene segment. This is due to rising concerns over personal hygiene and prevention of bacterial and microbial infections among individuals. The demand for natural and herbal personal care products and cosmetics which claim to have disinfectant properties is driving the growth of this segment in the colloidal silver market.

PEST Analysis

Political: There are some regulations on the use of colloidal silver in medical and food applications in many countries. This acts as a minor restraint on the industry growth.

Economic: Rising disposable incomes in emerging economies is fueling greater spending on wellness and natural health products. This drives demand for colloidal silver supplements and products.

Social: The popularity of organic and natural remedies for health issues is increasing globally. This social trend is promoting the adoption of colloidal silver products.

Technological: New extraction technologies allow production of colloidal silver solutions with smaller and more stable silver particle sizes. This helps increase the efficacy and absorption in the body.

Key Takeaways

The Global Colloidal Silver Market Demand is expected to witness high growth, exhibiting CAGR of 6.3% over the forecast period, due to increasing awareness about health benefits of colloidal silver and natural remedies.

The Asia Pacific region dominated the global colloidal silver market in 2023 with over 35% market share. Rapidly growing middle class population, rising health awareness and globalization of wellness trends is driving the demand in the region, especially in India and China.

Key players operating in the colloidal silver market are Sovereign Silver, ASAP Silver, Meso Silver, Silver Support, Silver Armor, Silver Biotics, Heritage Skin Care, White Egret, Heritage Products, Natural Path Silver Wings, Silver Mountain Minerals, American Biotech Labs, Silver Solutions, Silverado, Silver Health Institute, The Natural Path Silver Wings, Heritage Products, Purest Colloids, Silver Edge, Advanced Silver.

Read More:

https://www.pressreleasebulletin.com/global-colloidal-silver-market-growth-size-and-market-share/

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