Fenugreek Seed Extract Market share to exceed $9.5 Mn by 2024: Global Market Insights Inc.

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Fenugreek Seed Extract Market to witness growth
of 9.5 Mn By 2024 Global Market Insights Inc.
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Key Insights from Fenugreek Seed Extract Market

• Fenugreek Seed Extract Market size is estimated
  to surpass USD 9.5 million by 2024
• Rapid healthcare industry expansion coupled with
  recent advances in nutraceutical research is
  projected to drive fenugreek seed extract market
  size. As per Centers for Medicare Medicaid
  Services(CMS), the U.S healthcare spending
  estimated USD 3.3 trillion in 2016, growing
  around 4 from the preceding year.
• Changing consumption patterns and increasing
  consumer awareness regarding healthy living will
  drive fenugreek seed extract market owing to. Key
  properties such as pleasant flavor, taste, and
  health benefits are propelling fenugreek seed
  extract demand for food applications.
  Additionally, improved production technologies
  and easy raw material accessibility will foster
  industry size.
• Government initiatives to raise awareness about
  healthy lifestyle through numerous communication
  channels such as public service announcements,
  mass media campaigns and health fairs will
  support product penetration.

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Continued...

• Pharmaceuticals segment is expected to surpass
  210 tons by 2024. Health promoting chemical
  ingredients such as vitamin A, vitamin B1,
  vitamin C, iron, flavonoids, phosphates,
  saponins, trigonelline, and other alkaloids are
  supporting product penetration for this segment.
• Food beverage application accounted for over
  40 market share in 2016. Fenugreek seed extract
  is gaining momentum in culinary application to
  avoid an array of ailments including kidney
  diseases, colic, abdominal flatulence, intestinal
  issues.
• Cosmetic applications will surpass USD 650
  million by 2024. Shifting preference towards
  organic and natural beauty products will support
  segment growth. Furthermore, manufacturers are
  expected to penetrate emerging markets by
  investing in low-cost processing technologies and
  new product launches with improved quality.

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North America Fenugreek Seed Extract Market, By
Application, 2013-2024, (Tons)

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