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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Growing Awareness About Health Benefits of Fenugreek Seed Extract to Boost the Market Growth
Region-wise, the North America region is predicted to hold a significant market share of fenugreek seed extract in the forecast period. This could be attributed to the rising consumption of ethnic flavored herbs and spices among consumers in the region. Further, growing awareness about the health benefits of consuming fenugreek seed extract boosted by the introduction of various new health diets is supporting the market growth. Meanwhile, the Asia Pacific region is expected to witness robust growth over the forecast period, owing to rapid urbanization, inflating disposable incomes, and high government expenditure on healthcare. In addition, the growing demand for skin care products containing herbal and natural ingredient products are gaining traction in this region, thereby boosting the market growth.
Rising Government Initiatives to Boost the Market Growth of Fenugreek Seed Extract
The increasing health awareness among the emerging economies like India, China, South Korea, in recent years, is driving the market growth. Governments in the emerging economies have undertaken many initiatives, such as mass media campaigns, health fairs, and endorsements related to health in numerous communication channels to increase awareness about healthy living. Changes in dietary patterns, including increasing demand by athletes for health supplements, will aid in the market growth of global fenugreek seed extract. The rising ubiquity of type 2 diabetes will aid the growth of fenugreek seed extract industry over the coming years. Certain factors such as rising expenditure on personal care products, coupled with rising concerns about ingredients and chemicals used in the cosmetics are also expected to boost the fenugreek seed extract market.
Fenugreek Seed Extract Market Report Snapshots
Fenugreek Seed Extract Market Size
Fenugreek Seed Extract Market Growth
Fenugreek Seed Extract Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global fenugreek seed extract market is projected to grow at a CAGR of 10% between 2024 and 2032.
The major drivers of the market include the changes in dietary patterns, increasing demand by athletes for health supplements, rising ubiquity of type 2 diabetes, rising expenditure on personal care products, rising concerns about ingredients and chemicals used in the cosmetics, rising consumption of ethnic flavoured herbs and spices, rapid urbanisation, and inflating disposable incomes.
The increasing health awareness among the emerging economies and rising government initiatives are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on nature, fenugreek seed extracts are classified into organic and conventional.
Powder and liquid are the forms of fenugreek seed extract in the market.
Direct and indirect are the various sales channels of the market.
By end-use, the market is divided into pharmaceuticals, cosmetics, food and beverage, among others.
The major players in the industry are Ambe Phytoextracts Pvt. Ltd., Bio Botanica, Inc., Naturalin Bio-Resources Co., Ltd., and Nutra Green Biotechnology Co., Ltd., among others.
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