Fenugreek Seed Extract Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2028


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Market Outlook

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. Concerning food use, to limit the use of maple syrup, fenugreek seed extract is used as a flavoring agent as an imitation. Fenugreek seed extracts are used along with other flavoring ingredients occasionally. However, it is commonly used in pickles and cheese as a flavoring agent.

Reasons for Covering this Title

Fenugreek extract has been popular for its use both as a spice and a medicine. Fenugreek extract importance has grown due to the saponins content. Being traditionally used since ages in India and a significant producer of fenugreek, Rajasthan state, in particular, India will play a vital role in the supply of fenugreek for fenugreek seed extract production. Growing demand for healthy and natural ingredients will also drive higher attention from the West mainly Europe for fenugreek seed extract for food and pharma uses. Research studies have revealed that use of fenugreek seed extract helps in reduction of dietary fat consumption in obese people when consumed. Additionally, fenugreek seed extract can be used for inducing labor and improve digestion. Fenugreek seed extract process varies based on the end use as higher purity is required for pharma applications and moderate purity levels for food applications.

Global Fenugreek Seed Extract: Market Segmentation

On the basis of Form, the global fenugreek seed extract market has been segmented as –

  • Powder
  • Oil
  • Others

On the basis of Nature, the global fenugreek seed extract market has been segmented as –

  • Organic
  • Conventional

On the basis of End-Users, the global fenugreek seed extract market has been segmented as –

  • Food
    • Bakery Products
    • Gravies and Soups
    • Dressings, Sauces, and Dips
    • Beverages
    • Frozen Foods
    • Nutritional Bars
    • Others
  • Pharmaceuticals
  • Cosmetics
  • Others

Global Fenugreek Seed Extract Market: Key Players

Some of the key players operating in the global fenugreek seed extract market are Alfrebro, Arjuna Natural Extracts, Naturalin Bio-Resources Co., Ltd, Shank’s extracts, Bio-Botanica, Nutra Green Biotechnology, Ambe Phytoextracts and others.

Opportunities for Market Participants

Fenugreek seed extract market is projected to witness a positive trend over the forecast period. Among various technology innovations observed based on the number of patents files in fenugreek seed extract, a maximum number of patents are filed related to extraction methods of fenugreek seed extract from fenugreek. The process innovations includes aspects such as reduction in bitterness of the fenugreek seed, improved forms to enhance more extensive applications such in food industry as food additive, flavoring agent and also as fiber supplements and even in pharma industry for prevention and treatment of diseases like sugar related disease, cardiac problems, digestive problems, piles, and fissures. Natural ingredients and especially spice extracts including fenugreek seed extract are gaining traction in the weight management area as formulations with the lowered bitterness of the fenugreek seed extract have lower calories content.

Technological innovations are also based on to attain high purity, enhanced shelf life, higher compatibility to blend with other natural ingredients and suitability for particular applications of fenugreek seed extract. For pharmaceutical use, highest purity and specific properties like anti-microbial along with other curative properties of fenugreek seed extract are considered.

Brief Approach to Research

A modelling-based approach is followed and triangulation methodology to estimate data covered in fenugreek seed extract report. A detailed market understanding and assessment of the forms and end-uses of the product segments included in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the critical data points covered in Fenugreek Seed Extract report include:

  • An overview of the fenugreek seed extract market, including background and evolution.
  • Macroeconomic factors affecting the fenugreek seed extract market and it’s potential.
  • Fenugreek seed extract market dynamics, such as drivers, challenges, and trends.
  • Detailed value chain analysis of the fenugreek seed extract market.
  • The cost structure of the products and segments covered in the study.
  • In-depth pricing analysis, by key product segments, regions and by major market participants.
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
  • Analysis of the Fenugreek Seed Extract market structure, including a tier-wise categorization of key market participants.
  • Competitive landscape of the fenugreek seed extract market, including detailed profiles of the top players in this market.