Press release
Fenugreek Seed Extract Market Research by Top Players - Arjuna Natural Extracts, Bio-Botanica, Unique Organics, Ambe, Chereso Lifesciences
Fenugreek Seed Extract Market
Rapid healthcare industry expansion coupled with recent advances in nutraceutical research is projected to drive fenugreek seed extract market size. As per Centers for Medicare & Medicaid Services(CMS), the U.S healthcare spending estimated USD 3.3 trillion in 2016, growing around 4% from the preceding year.
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Changing consumption patterns and increasing consumer awareness regarding healthy living will drive fenugreek seed extract market owing to. Key properties such as pleasant flavor, taste, and health benefits are propelling fenugreek seed extract demand for food applications. Additionally, improved production technologies and easy raw material accessibility will foster industry size.
Rising health awareness in emerging economies including India, China, and South Korea is expected to propel fenugreek seed extract market growth. Government initiatives to raise awareness about healthy lifestyle through numerous communication channels such as public service announcements, mass media campaigns and health fairs will support product penetration.
Changing consumption patterns and increasing consumer awareness regarding healthy living will drive fenugreek seed extract market owing to. Key properties such as pleasant flavor, taste, and health benefits are propelling fenugreek seed extract demand for food applications. Additionally, improved production technologies and easy raw material accessibility will foster industry size.
Rising health awareness in emerging economies including India, China, and South Korea is expected to propel fenugreek seed extract market growth. Government initiatives to raise awareness about healthy lifestyle through numerous communication channels such as public service announcements, mass media campaigns and health fairs will support product penetration.
Shifting consumer focus towards ayurvedic cosmetics and increasing concern regarding synthetic chemicals is expected to influence industry size. Improved R&D in processing technologies, reduced wastage, and improved productivity are key strategies adopted by manufacturers to gain competitive advantage.
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Pharmaceuticals segment is expected to surpass 210 tons by 2024. Health promoting chemical ingredients such as vitamin A, vitamin B1, vitamin C, iron, flavonoids, phosphates, saponins, trigonelline, and other alkaloids are supporting product penetration for this segment. Further, improved medicines shelf-life, low cost, and easy raw material availability are the key factors influencing industry size.
Food & beverage application accounted for over 40% market share in 2016. Fenugreek seed extract is gaining momentum in culinary application to avoid an array of ailments including kidney diseases, colic, abdominal flatulence, intestinal issues. Other key benefits including milk promoting agent in nursing mothers to increase breast milk production and treat hormonal imbalance in women driving industry growth.
Cosmetic applications will surpass USD 650 million by 2024. Shifting preference towards organic and natural beauty products will support segment growth. Furthermore, manufacturers are expected to penetrate emerging markets by investing in low-cost processing technologies and new product launches with improved quality.
Europe fenugreek seed extract market is expected to hold over 30% market share in 2016. Factors such as rapid urbanization, an aging population, increasing demand for more effective treatments, higher disposable incomes and high government expenditure on healthcare fostering regional industry size.
North America fenugreek seed extract market will witness fastest growth over the projected timeframe. Growing consumption of ethnic flavored herbs and spices in consistent diet and increasing penetration of herbal products in the personal care category likely to augment fenugreek seed extract market.
Key industry players are Nutra Green Biotechnology, Arjuna Natural Extracts, Bio-Botanica, Unique Organics, Ambe, Chereso Lifesciences, Indus Biotech, Human nature biotechnology, Novoherb and Creative Enzymes. Increasing R&D investment and collaboration between health organizations and food manufacturers participants is projected to propel fenugreek seed extract market development over the projected timeframe.
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Data Tables
TABLE 1. Fenugreek seed extract industry 360° synopsis, 2013 – 2024
TABLE 2. Global fenugreek seed extract market estimates & forecast, 2013 - 2024, (Tons) (USD Thousand)
TABLE 3. Global fenugreek seed extract market estimates & forecast by application, 2013 - 2024 (Tons)
TABLE 4. Global fenugreek seed extract market estimates & forecast by application, 2013 - 2024 (USD Thousand)
TABLE 5. Global fenugreek seed extract market estimates & forecast by region, 2013 - 2024 (Tons)
TABLE 6. Global fenugreek seed extract market estimates & forecast by region, 2013 - 2024 (USD Thousand)
TABLE 7. Industry ecosystem analysis
TABLE 8. Industry impact forces
TABLE 9. Global fenugreek seed extract market from pharmaceuticals estimates & forecast, (Tons) (USD Thousand), 2013 – 2024
TABLE 10. Global fenugreek seed extract market from pharmaceuticals estimates & forecast by region, (Tons), 2013 - 2024
TABLE 11. Global fenugreek seed extract market from pharmaceuticals estimates & forecast by region, (USD Thousand), 2013 – 2024
TABLE 12. Global fenugreek seed extract market from food & beverage estimates & forecast, (Tons) (USD Thousand), 2013 – 2024
TABLE 13. Global fenugreek seed extract market from food & beverage estimates & forecast by region, (Tons), 2013 - 2024
TABLE 14. Global fenugreek seed extract market from food & beverage estimates & forecast by region, (USD Thousand), 2013 – 2024
TABLE 15. Global fenugreek seed extract market from cosmetics estimates & forecast, (Tons) (USD Thousand), 2013 – 2024
TABLE 16. Global fenugreek seed extract market from cosmetics estimates & forecast by region, (Tons), 2013 - 2024
TABLE 17. Global fenugreek seed extract market from cosmetics estimates & forecast by region, (USD Thousand), 2013 – 2024
TABLE 18. Global fenugreek seed extract market from other applications estimates & forecast, (Tons) (USD Thousand), 2013 – 2024
TABLE 19. Global fenugreek seed extract market from other applications estimates & forecast by region, (Tons), 2013 - 2024
TABLE 20. Global fenugreek seed extract market from other applications estimates & forecast by region, (USD Thousand), 2013 – 2024
TABLE 21. North America fenugreek seed extract market estimates & forecast, 2013 - 2024 (Tons) (USD Thousand)
TABLE 22. North America fenugreek seed extract market estimates & forecast by application, 2013 - 2024 (Tons)
TABLE 23. North America fenugreek seed extract market estimates & forecast by application, 2013 - 2024 (USD Thousand)
TABLE 24. U.S. fenugreek seed extract market estimates & forecast, 2013 - 2024 (Tons) (USD Thousand)
TABLE 25. U.S. fenugreek seed extract market estimates & forecast by application, 2013 - 2024 (Tons)
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