Fenugreek Seed Extract Market is estimated to be US$ 16.83 million by 2030 with a CAGR of 10.2% during the forecast period

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Published Date: May 2023

Fenugreek is a medicinal plant prepared from the dried seeds of Trigonella foenum-graecum. Fenugreek is used for diabetes, painful menstruation, polycystic ovary syndrome, and obesity. Growing awareness about the medical benefits of fenugreek seed extract, growing demand for energy-dense food, growing demand for diverse nutritional needs, changing consumer taste and preferences, and rapidly growing demand for plant-based protein are major drivers of the market.

The report " Fenugreek Seed Extract Market, By Type (Powder and Oil), By Application (Pharmaceuticals, Food & Beverage, and Cosmetics), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

In February 2022, Tricone added three new skin care serums to its product line. Tricon hair care products contain various natural ingredients like fenugreek seed oil. Trycone is one of India's leading beauty and personal care brands.
In February 2022, Vestige Marketing Limited, India's only direct selling brand, has announced the launch of Vestige Pre-Gluco Health Capsule, a health capsule specifically designed to manage pre-diabetes as it works on glucose metabolism with insulin sensitivity.

Analyst View:

Fenugreek seed are used to make the fenugreek powder and this Fenugreek Powders is also used for treating common cold, flu, gallstones, diarrhea, constipation, high blood pressure etc. Fenugreek Powder is essentially fenugreek seeds in grinded form. In recent year, huge demand for fenugreek seed, fenugreek oil and Fenugreek Powder has been experienced as consumers, these days, prefer natural health care products. Further, increasing demand of Fenugreek in cosmetic industry is also expected to foster the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Fenugreek Seed Extract Market, By Type (Powder and Oil), By Application (Pharmaceuticals, Food & Beverage, and Cosmetics)and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

Fenugreek Seed Extract Market accounted for US$ 6.5 million in 2020 and is estimated to be US$ 16.83 million by 2030 and is anticipated to register a CAGR of 10.2%. The Fenugreek Seed Extract Markets segmented based on Type Application and Region.

Based on Type, Fenugreek Seed Extract Markets segmented into Powder and Oil.
Based on Application, Fenugreek Seed Extract Markets segmented into Pharmaceuticals, Food & Beverage, and Cosmetics.

By Region, the Fenugreek Seed Extract Markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Fenugreek Seed Extract Market:

The prominent players operating in the Arjuna Natural Extracts, Nutra Green Biotechnology, Ambe Phytoextracts, Unique Organics, Indus Biotech, Bio-Botanica, Hunan nature biotechnology, Chereso Lifesciences, Novoherb, Creative Enzymes.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period