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Fenugreek Seed Extract Market Trends

Report ID: GMI2333
Published Date: Nov 2023
Report Format: PDF

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Fenugreek Seed Extract Market Trends

Consumer demand for organic and non-GMO fenugreek seed extract products is growing, driven by concerns about food safety and sustainability. According to Volza’s Global Export data, as of May 2023, fenugreek seed exports stood from at 48.6K shipments, exported by 2,219 exporters across the world to 5,035 buyers, indicating the increasing demand for fenugreek & related products. Identifying the trend, industry participants are increasingly investing in R&D efforts to develop and offer certified organic and non-GMO options, aligning with consumer values.

Moreover, companies are forging strategic partnerships and collaborations to strengthen their market presence and leverage each other's strengths. These alliances facilitate the pooling of expertise and resources, resulting in the development of superior products and expanded reach. The fenugreek seed extract market is adapting to consumer preferences and evolving through innovation and strategic collaborations to cater to the changing needs of conscious consumers.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of fenugreek seed extract is set to witness 13% CAGR through 2032, due to the increasing awareness and demand for natural and herbal remedies in the healthcare and wellness sectors.

The cosmetic application will grow at 13.5% CAGR till 2032, owing to increasing preference by the consumers for traditional remedies for skin & hair.

Europe market is poised to expand at 12.5% CAGR from 2023 to 2032, favored by the escalating consumer interest in natural and herbal remedies, particularly in dietary supplements and traditional medicine.

Arjuna Natural Extracts, Nutra Green Biotechnology, Bio Botanica, Naturex (Givaudan), Nature's Way Products, LLC, Aum Agri Freeze Foods, Indus Biotech, Swanson Health Products, Chereso Lifesciences, Neelchem Healthcare, and Hunan Nature Biotechnology.