Fenugreek Seed Extract Market size
is projected to reach USD 13.05 Million units by 2027 from an estimated USD
5.48 Million units in 2019, growing at a CAGR of 13.4% globally.
Fenugreek Seed Extract is a derivative obtained from a series of processing of fenugreek seeds. Fenugreek seed extract and oil are known to possess antioxidant, antidiabetic, antimicrobial, and antitumorigenic properties. Fenugreek Seed Extract is used as a thickening agent and an emulsifier. It is also used as a spice and flavoring agent in food preparation. Fenugreek is gaining importance both in food and medicines.
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
The Major Players In The Fenugreek Seed Extract Market Include:
Alfrebro, Arjuna Natural Extracts, Naturalin Bio-Resources Co.Ltd, Shank’s extracts, Bio-Botanica, Nutra Green Biotechnology, Ambe Phytoextracts, Shaanxi Jory herb Biotechnology Co. Ltd., Xi’an Lyphar Biotech Co. Ltd., Garlic Industries Ltd., P.C. Kannan &Co., Amazon Spices Pvt Ltd., Avikara Foodstuff Trading LLC., Xi’an Mekeem Cosmetics Ltd., Indus Biotech, Nutra Green Biotechnology, Ambe Phytoextracts, Unique Organics, Hunan Nature Biotechnology
Fenugreek Seed Extract Market report covers a detailed analysis of current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
Market has segmented the global Fenugreek Seed Extract market on the basis of type, application, and region:
The Fenugreek Seed Extract market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Others
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Fenugreek Seed Extract Market has experienced a slowdown the growth, however, the market is expected to bounce back as restrictions are being lifted up by governments across the globe.
Key Data Points Covered in the Report
Some of the critical data points covered in Fenugreek Seed Extract report include: