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Fenugreek Seed Extract Market Growth Projections, Industry Development and Forecast by 2024

Author : Rahul Sankrityayan | Published Date : 2019-09-10 

Global Market Insights, Inc. provides a detailed overview of Fenugreek Seed Extract Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

The pharmaceutical sector, unquestionably, is one of the major application frontiers of fenugreek seed extract market. Touted as panacea, fenugreek is claimed to be one of the most primitive medicinal plants, that has been witnessing an extensive demand both from Western and Eastern herbal medicine since centuries.  The increasing percentage of geriatric populace base vulnerable to diabetes, particularly type 2, is prompting consumers to incline more toward nutrient dense food consumption, which would most certainly push fenugreek seed extract market size.

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According to the clinical research- Trigonelline, an essential plant alkaloid with tremendous therapeutic potential for central nervous disease and diabetes is found abundant in fenugreek seeds. Aided by the herb’s unique fiber composition blended with high proportion of saponins, fenugreek seeds are literally claimed to be godsend for obese and high cholesterol patient pool. Add to it, recent advancements in nutraceutical research has further opened up a slew of opportunities for fenugreek seed extract industry, with regards to exploitation in pharmaceutical domain.

The competitive hierarchy of fenugreek seed extract market is chronicled to get a bit consolidated over the ensuing years, boasting of a portfolio of renowned names like Arjuna Natural Extracts, Unique Organics, Nutra Green Biotechnology, Novoherb, and Bio-Botanica. The consolidation has been rather strengthened in recent years with international health organizations feverishly focusing on teaming up with global food manufacturers in a bid to skip the influence of middleman in the supply value chain.

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For instance, somewhat toward the end of last year, the UNPA (United Natural Products Alliance) and the China Nutrition and Health Food Association have inked an MOU agreement in the latest U.S. Embassy ceremony at Beijing. Reportedly, the deal comes on the heels of promoting the exchange research activities between U.S. and China for a sustainable development of natural healthy products in both the nations. Fenugreek seed extract industry dynamics is deemed to get benefited by similar patterns of government initiatives in close cooperation with market participants.

Pharmaceutical application, as per estimates, accounted for a significant share of fenugreek seed extract market share in 2016, accounting for almost USD 2 million. Besides being utilized in the treatment of diseases, the pharmacological properties of fenugreek seeds such as antifungal, anti-inflammatory, antibacterial, antihyperlipidemic, and antimicrobial, also contribute immensely in preventing onset of chronic diseases, metabolic diseases and oxidative damages in particular. Recent clinical research in fenugreek seed extract marketplace has further outlined the pharmaceutical utilization of these seeds with regards to gynecological problem.

A study published at the International Journal of Medical Sciences, in the year before last, depicted that fenugreek seed extracts also help in treating ovarian cyst as well as symptoms of PCOS.  Needless to mention, the ongoing expansion in research activities in a bid to exploit the maximum potential of this medicinal herb would prove to be one of the major driving forces for fenugreek seed extract industry over the ensuing years.

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While fenugreek seed extract market has appreciably penetrated the medical sector, subject to its plethora of benefits with regard to human health in recent years, experts claim, it is still just a fraction of its multi potentiality. As fenugreek can be well grown across varied climatic conditions geographically, it is alleged to have wide genotypic variabilities, which, can open up new growth opportunities for fenugreek seed extract market giants. Ranging from temperate forests to tropical belt, fenugreek can be well cultivated across areas having an annual temperature range of 7.8–27.5 °C and an annual precipitation of range 300–1500 mm.  The potential to grow even in these diversified climatic range and adverse conditions, is, undoubtedly a vital pointer enhancing the growth profile of fenugreek seed extract market.

Now that the significance of fenugreek seeds is clinically confirmed in healthcare domain, experts believe the need of the hour is to consider this herb in massive research projects not only to widen the application portfolio of fenugreek seed extract industry, but also to bring extensive improvements in its mass production.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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