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Global Fenugreek Seed Extract Market Report and Forecast 2022-2027

The new report by Expert Market Research titled, ‘Global Fenugreek Seed Extract Market Report and Forecast 20222-2027’, gives an in-depth analysis of the global fenugreek seed extract market, assessing the market based on its segments like natures, forms, sales channels, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 10%

In recent years, health awareness has increased in growing economies such as India, China, and South Korea, which is driving the market growth for fenugreek seed extract. Governments in emerging economies have begun activities such as mass media campaigns, health fairs, and health endorsement via a variety of communication channels in order to raise awareness about healthy living. This is predicted to help the fenugreek seed extract industry flourish. Also, changes in dietary patterns, such as an increase in demand for health supplements among athletes, are expected to boost the market for fenugreek extract. Additionally, the increased prevalence of type 2 diabetes is expected to benefit the fenugreek seed extract sector in the coming years.

Industry Definition and Major Segments

Fenugreek seed extract refers to the extract obtained from fenugreek seed. The fenugreek crop is cultivated worlwide as a semiarid crop. The seeds and leaves of this plant are usually used in Indian dishes.  A fenugreek seed extract has an extensive range of applications in the food as well as the pharmaceutical industry.

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By nature, the market is divided into:

• Organic
• Conventional

On the basis of form, the market is divided into:

• Powder
• Liquid

Based on sales channel, the market is divided into:

• Direct
• Indirect

By end uses, the market is divided into:

• Pharmaceuticals
• Cosmetics
• Food and Beverage
• Others

The regional markets for the product include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

Growing cooperation between exporters and manufacturers of the product is predicted to positively influence the market growth of fenugreek seed extract, removing the function of an intermediary from the value chain. The market for fenugreek seed extract is expected to rise due to an increase in scientific research and development initiatives by various food organisations in collaboration with industry participants. The rising concerns about the use of substances and chemicals in beauty products, aided by rising disposable income and rapid urbanisation are anticipated to boost market expansion. There is a growing need for skin care products incorporating herbal and natural component goods, which is fuelling the market growth.

Key Market Players

The major players in the market are Ambe Phytoextracts Pvt. Ltd., Bio Botanica, Inc., Naturalin Bio-Resources Co., Ltd, and Nutra Green Biotechnology Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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