Press release
Fenugreek Seed Extract Market Trends & Key Players Analysis- Arjuna Natural Extracts Ltd, Nutra Green Biotechnology Co., Ltd, Ambe Phytoextracts Pvt. Ltd., Unique Organics Ltd – India, Indus Biotech Private Limited, Bio Botanica, Novoherb Technologies,
Fenugreek Seed Extract Market
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Company Profiles
1. Arjuna Natural Extracts Ltd
2. Nutra Green Biotechnology Co., Ltd
3. Ambe Phytoextracts Pvt. Ltd.
4. Unique Organics Ltd – India
5. Indus Biotech Private Limited
6. Bio Botanica
7. Novoherb Technologies
8. Creative Enzymes
9. Hunan nature biotechnology
10. Chereso Lifesciences
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.
Browse key industry insights spread across 250 pages with 116 market data tables & 9 figures & charts from the report, “Fenugreek Seed Extract Market Size By Application (Pharmaceuticals, Food & Beverage, Cosmetics) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Romania, Hungary, France, Netherland, Spain, Belgium, Sweden, Italy, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, South Korea, Vietnam, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/fenugreek-seed-extract-market
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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