Home > Food & Beverages > Nutraceuticals > Herbal Supplements > Fenugreek Seed Extract Market
Fenugreek Seed Extract Market Size
- Report ID: GMI2333
- Published Date: Nov 2023
- Report Format: PDF
Fenugreek Seed Extract Market Size
Fenugreek Seed Extract Market size is estimated to record a CAGR of over 13% during 2023 to 2032, attributed to the increasing awareness and demand for natural and herbal remedies in the healthcare and wellness sectors. As per the report published on NCBI, an estimated 4 billion people living in the developing world rely on herbal medicinal products for various ailments as well as for overall health.
The legume has been long known for its antioxidative, anticarcinogenic & antidiabetic properties. It also finds usage in food product developments as food stabilizer and emulsifying agent. With wider cognizance of these benefits, more consumers are showing an inclination towards the consumption of fenugreek seek extract.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 13% |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 125 |
| Segments covered: | Application and Region |
The product is also a popular ingredient in various cuisines, with its distinct flavor and aroma making it a sought-after spice and flavoring agent. Notably, the 25% dietary fiber composition of fenugreek seed changes the texture of food to which it is added. Additionally, the increasing consumption of ethnic and exotic foods, as well as the growing trend of incorporating natural flavors in food products, have led to a rise in the utilization of fenugreek seed extract in the food industry, fueling the market growth.
The limited awareness among consumers about the potential health benefits of fenugreek seed extract is restraining the industry growth. Despite its diverse applications in traditional medicine and culinary practices, many potential consumers remain unaware of the product’s advantages.
Additionally, there are challenges related to product quality consistency. Variations in the quality of fenugreek seed extract, arising from factors such as sourcing and processing methods, can impact its effectiveness and consumer trust. Furthermore, navigating the diverse and sometimes complex regulatory frameworks for nutraceuticals and herbal products across different regions can be a roadblock, as compliance procedures may involve substantial documentation and safety assessments, hindering the swift adoption of fenugreek seed extract.
Frequently Asked Questions (FAQ) :
Fenugreek Seed Extract Market Scope
