Fenugreek Seed Extract Market Analysis
This global Fenugreek Seed Extract market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Fenugreek Seed Extract Market is estimated to surpass USD 9.5 million by 2024; according to a new research report. Rapid healthcare industry expansion coupled with recent advances in nutraceutical research is projected to drive fenugreek seed extract market. 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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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.
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.
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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.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Fenugreek Seed Extract Industry Insights
Chapter 4 Fenugreek Seed Extract Market, By Application
Chapter 5. Fenugreek Seed Extract Market, By Region
Chapter 7 Company Profiles
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