Press release
Fenugreek seed extract market to witness pronounced growth from pharmaceutical applications, global revenue to surpass USD 9.5 million by 2024
Fenugreek seed extract market
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.
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Company Profiles
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
Fenugreek Seed Extract Market size is estimated to surpass USD 9.5 million by 2024; according to a new research report by Global Market Insights, Inc. 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.
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
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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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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