Press release
Fenugreek Seed Extract Market Growth Outlook And Opportunity Analysis- Industry Trends, Developments, Companies, And Market Size Forecast To 2029
The Global Fenugreek Seed Extract Market Was Valued at USD 7.05 Million In 2021 And Is Expected to Reach USD 17 Million By the Year 2028, At A CAGR of 13.4%.
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Market Dynamics:
Fenugreek belongs to the family Leguminosae. Fenugreek is an annual grass whose seeds are primarily used as a flavoring agent and seasoning in food. Fenugreek Powder contains a variety of nutritional benefits. In addition, one tablespoon of Fenugreek powder contains 6 grams of carbohydrates, 3 grams of protein, 3 grams of fiber, and 7% magnesium. In addition, rising consumer awareness of health concerns increased demand for Fenugreek Powder throughout all regions. Fenugreek is used to treat a variety of ailments, including colic, flatulence, dysentery, diarrhea, dyspepsia with loss of appetite, chronic cough, dropsy, liver and spleen enlargement, rickets, gout, and diabetes, among others.
Driver:
Individuals' changing dietary habits and rising demand for plant-based, organic products and veganism will drive market expansion. In addition, the increasing prevalence of diabetic patients, obesity, busy and fast-paced lifestyles, and energy-enriched foods fueled the growth of the market during the anticipated period. Due to their harmful effects, harmful chemicals have been added to food and bakery products, cosmetics, and personal care products, driving the growth of the fenugreek seed extract market over the forecast period.
Opportunities:
The technological innovation for fenugreek seed extract is based on its purity, high compatibility with other natural components, and extended shelf life. Moreover, the process of innovation associated with overcoming the bitterness of fenugreek seed without the addition of sugar or sugar byproducts is anticipated to increase over the forecast period. In addition, prominent manufacturers are focusing on improving their distribution channels for shorter supply chains and collaborating with a variety of exporters and manufacturers in recent years. Increased R&D initiatives by numerous food companies. These are some of the opportunities that have been observed in the target market.
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The Report Will Include A Major Chapter
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Type:
•Powder
•Liquid
By Nature:
•Organic
•Conventional
By End Users:
•Food & Beverages
•Pharmaceuticals
•Cosmetics & Personal Care
•Others
By Distribution Channels:
•Hypermarkets/Supermarket
•Convenience Store
•Specialty Market
•Online
•Others
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Regional Analysis:
In North America, rising demand for vitamins & dietary supplements in the region would support industry growth. In addition, an increasing consumer consequence about health and wellness, aging population, latest product penetration and improved accessibility will be fueled fenugreek seed extract market over forecast period. Growing consumer expenses on pharmaceutical and cosmetic product, also changing consumer lifestyles towards plant-based product will propel the market growth over forecast period.
By Region:
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)
Key Players For The Global Fenugreek Seed Extract Market
•Alfrebro
•Arjuna Natural Extracts
•Naturalin Bio-Resources Co.Ltd
•Shank's extracts
•Bio-Botanica
•Nutra Green Biotechnology
•Ambe Phytoextracts
•Shaanxi Jory herb Biotechnology Co. Ltd.
•Xi'an Lyphar Biotech Co. Ltd.
•Garlico Industries Ltd.
•P.C. Kannan &Co.
•Amazon Spices Pvt Ltd.
•Avikara Foodstuff Trading LLC.
•Xi'an Mekeem Cosmetics Ltd.
•Indus Biotech
•Nutra Green Biotechnology
•Ambe Phytoextracts
•Unique Organics
•Hunan Nature Biotechnology
•Chereso Lifesciences and other major players.
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Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Nature
3.3 By End Users
3.4 By Distribution Channels
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Fenugreek Seed Extract Market by Type
5.1 Fenugreek Seed Extract Market Overview Snapshot and Growth Engine
5.2 Fenugreek Seed Extract Market Overview
5.3 Powder
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Powder: Grographic Segmentation
5.4 Liquid
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Liquid: Grographic Segmentation
Chapter 6: Fenugreek Seed Extract Market by Nature
Continued…
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