Nutra Green Biotechnology Co., Ltd, Novoherb Technologies Profiled in Fenugreek Seed Extract Market 2018-2024 | Prominent Players - Creative Enzymes, Ambe Phytoextracts Pvt. Ltd., Unique Organics Ltd – India, Arjuna Natural Extracts Ltd, Hunan nature bi
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1. Ambe Phytoextracts Pvt. Ltd.
2. Unique Organics Ltd – India
3. Arjuna Natural Extracts Ltd
4. Nutra Green Biotechnology Co., Ltd
5. Novoherb Technologies
6. Creative Enzymes
7. Indus Biotech Private Limited
8. Bio Botanica
9. Hunan nature biotechnology
10. Chereso Lifesciences
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:
It is imperative to note that India is the largest producer of fenugreek seed across the world, with Rajasthan at its foray. The seed is extensively traded as a spice & as an oil extract to Japan, UAE, Sri Lanka, and other European countries of UK. If estimates are to be believed, the export of this seed has witnessed remarkable growth by crossing 21,800 tons in the year 2011-2012 – validating the region to be a lucrative growth ground for fenugreek seed extract industry players to invest.
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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