Market Overview:
Fenugreek Seed Extract Market Size Was Valued at USD 7.06 Billion in 2022, and is Projected to Reach USD 20 Billion by 2030, Growing at a CAGR of 14.4% From 2023-2030.
Fenugreek, belonging to the Leguminosae family, is an annual grassy plant. Its seeds have been widely used as a flavoring ingredient and seasoning in food. Fenugreek powder is known for its beneficial nutritional properties, containing carbohydrates, protein, fiber, and magnesium. Increasing consumer awareness regarding health concerns has led to a rise in demand for fenugreek powder globally. The extract derived from fenugreek seeds is also utilized for various medicinal purposes, including its role as a gastroprotective, diuretic, and anti-inflammatory agent.
Top Key Players Covered in The Fenugreek Seed Extract Market:
- Alfrebro (United States)
- Arjuna Natural Extracts (India)
- Naturalin Bio-Resources Co. Ltd (China)
- Shank's Extracts (United States)
- Bio-Botanica (United States)
- Nutra Green Biotechnology (China)
- Ambe Phytoextracts (India)
- Shaanxi Jory Herb Biotechnology Co. Ltd (China)
- Xi'an Lyphar Biotech Co. Ltd (China)
- Garlico Industries Ltd (India)
- P.C. Kannan & Co (India)
- Amazon Spices Pvt Ltd (India)
- Avikara Foodstuff Trading LLC (United Arab Emirates)
- Xi'an Mekeem Cosmetics Ltd (China)
- Indus Biotech (India)
- Unique Organics (India)
- Hunan Nature Biotechnology (China)
- Chereso Lifesciences (India) And Other Major Players.
Market Dynamics and Factors:
The changing dietary patterns and the rising demand for plant-based and organic products serve as drivers for the fenugreek seed extract market. The increasing awareness about the importance of healthy eating and the preference for natural and organic ingredients has fueled the demand for fenugreek seed extract. As consumers seek out alternatives to conventional food and dietary supplements, the nutritional and medicinal properties of fenugreek seed extract make it an attractive choice,
The innovations aimed at overcoming the bitterness in fenugreek seeds present an opportunity for the fenugreek seed extract market. Fenugreek seeds are known for their strong and bitter taste, which can be a deterrent for some consumers. However, advancements in extraction techniques and product formulation have allowed for the development of fenugreek seed extracts with reduced bitterness. By reducing or eliminating the bitter taste, manufacturers can expand the application of fenugreek seed extract in various food, beverage, and dietary supplement products, making it more appealing to a wider consumer base.
The Fenugreek Seed Extract Market Report Highlight:
- By Type, the Powder segment is anticipated to dominate the market over the forecast period, Powdered fenugreek seed extract offers various advantages such as ease of handling, longer shelf life, and application versatility. Powdered extracts can be easily incorporated into a wide range of products including food, beverages, dietary supplements, and cosmetics.
- By Nature, the Organic segment is expected to dominate the market over the forecast period, Organic fenugreek seed extract is produced without the use of synthetic fertilizers, pesticides, or genetically modified organisms, aligning with the increasing demand for clean label and sustainable ingredients.
- By End User, the Food & Beverages segment is anticipated to dominate the market over the forecast period. fenugreek seed extract offers various health benefits and flavor-enhancing properties, it is widely used in the food and beverage industry.
- By Distribution channel, Hypermarkets/Supermarket segment is dominant considering the easy availability and convenience which people prefer.
- North America region is expected to dominate the market over the forecast period, Factors such as the increasing consumer demand for natural and plant-based ingredients, growing awareness about the health benefits of fenugreek seed extract.
Key Industry Development:
In March 2023, Himalaya Herbal Healthcare: Expanded its line with "LiverCare Plus" tablets, featuring fenugreek seed extract alongside other herbs for natural liver detoxification and digestive support. This demonstrates focus on targeted solutions for specific health concerns.
In February 2023, Nature's Way: Launched its "Organic Fenugreek Seed Extract Capsules utilizing sustainably sourced fenugreek seeds and eco-friendly extraction methods. This caters to consumers seeking ethical and environmentally responsible products.
Fenugreek Seed Extract Market Segmentation:
By Type
- Powder
- Liquid
By Nature
- Organic
- Conventional
By End Users
- Food & Beverages
- Pharmaceuticals
- Cosmetics & Personal Care
- Others
By Distribution Channels
- Hypermarkets/Supermarket
- Convenience Store
- Specialty Market
- Online
- Others
For this report, Introspective Market Research has segmented the Fenugreek Seed Extract Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
