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Global Fenugreek Seed Extract Market Expected to Grow at a CAGR of 10% During 2021-2026, Aided by the Rising Health Awareness

According to a new report by EMR titled, Global Fenugreek Seed Extract Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 10% in the forecast period of 2021-2026.

The fenugreek seed extract industry is being driven by the growing demand for healthy and natural ingredients from the West mainly Europe for food and pharma uses. Further, the product is employed as an essential spice in India as well as other countries of the Asia Pacific, thereby supporting the market growth. In addition, the consumption of fenugreek seed extract to reduce dietary fat in obese people is expected to boost the market growth. Moreover, the product is used to induce labour and improve digestion, as a result, invigorating the market growth. Additionally, rising innovations in the fenugreek seed extract industry to reduce its bitterness in order to extend its applications in the food industry is predicted to foster market growth over the forecast period.

The growing competition among the industry key players, like Ambe Phytoextracts Pvt. Ltd. and Bio Botanica, Inc., is aiding the market growth. Additionally, increasing technological innovations to attain high purity, prolonged shelf life, enhanced compatibility to blend with other natural ingredients, and suitability for specific applications of fenugreek seed extract, is predicted to support the market growth over the forecast period. Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, dedicated to supply various products at any location with fast delivery. The accessibility of fenugreek seed extract through this distribution channel is expected to propel the market growth over the forecast period.

Market Analysis by Nature, Form, Sales Channel, End-Uses, and Region:

  • The fenugreek seed extract industry, on the basis of nature, is divided into organic, and conventional.
  • Based on form, the industry is segmented into powder and liquid.
  • By sales channel, the industry is categorised into direct and indirect.
  • By end-uses, the market is divided into pharmaceuticals, cosmetics, food and beverage, and others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The changing eating habits, along with the increasing demand for health supplements by athletes is expected to aid the market growth. 
  • The market growth is expected to driven by the growing consumption of balanced food and nutrient-focused diet, which is expected to increase product acceptance around the globe.
  • The fenugreek seed extract industry is expected to be aided by the thriving cosmetics industry and easy product availability across various distribution, andsales channels, such as ecommerce portals and online retail stores.
  • Further, the market is likely to gain momentum over the coming years with the prominent use of the product as an emulsifier, and spice and condiment agent in preparing food products.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for fenugreek seed extract for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the nature, form, sales channel, end-uses, and major regions of fenugreek seed extract. 
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Ambe Phytoextracts Pvt. Ltd., Bio Botanica, Inc., Naturalin Bio-Resources Co., Ltd, Nutra Green Biotechnology, among others are the key players in the global fenugreek seed extract market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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