AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Fenugreek Seed Extract market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Fenugreek Seed Extract market to grow at a CAGR of 13.4%.
The Nature, such as Organic, is boosting the Fenugreek Seed Extract market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Sales Channel, such as Online, is boosting the Fenugreek Seed Extract market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Fenugreek Seed Extract market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Demand for Natural & Healthy Ingredients, Changing Dietary Patterns of Consumers, Increasing Spendings on Personal Care Products and Intake of Nutritious Diet and Nutrient- Concentrated Diet. †
Fenugreek is an annual plant that is also known as methi in many places in the world. It is a member of the bean family and its scientific family name is Fabaceae. Fenugreek seeds are used for herbal healing and have many important health benefits. Fenugreek seed extracts have gained exceptional traction as a medicinal herb and are therefore rapidly penetrating the medical, cosmetic, and Food & Beverage sectors. Further, many pharmaceutical companies are expected to invest in R&D solutions to launch better quality products, which will eventually drive product penetration. Also, increasing government regulations on consumer safety regarding chemically processed medicines are factors which are propelling the market growth.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Fenugreek Seed Extract market by Type (Powder, Oil and Others), by Application (Food [Bakery Products, Gravies and Soups, Dressings, Sauces, and Dips, Beverages, Frozen Foods, Nutritional Bars, Others], Pharmaceuticals, Cosmetics and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market