The market research report, entitled Fenugreeked Extract Market shows good possibilities in the Fenugreeked Extract Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Fenugreeked Extract Market Forecast:

The Fenugreeked Extract market is projected to grow from USD 5.3 million in 2020 to USD 10.9 million by 2026 at a CAGR of around 13.1% during the forecast period.

Key Players

The following are some of the key players in the Fenugreeked Extract Market:

·         Arjuna Natural Extracts Ltd (India)

·         Nutra Green Biotechnology Co., Ltd (China)

·         Ambe Phytoextracts Pvt. Ltd. (India)

·         Unique Organics Limited (India)

·         Indus Biotech Private Limited (India)

·         Bio-Botanica Inc (US)

·         Springer Nature Group (UK)

·         Chereso Life Sciences Private Limited (India)

·         Novoherb (China)

·         Creative Enzymes (US)

COVID-19 Impact on Global Fenugreeked Extract Market

The COVID-19 pandemic is likely to favourably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.

Fenugreeked Extract Market Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Fenugreeked Extract Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

By application, the fenugreeked extract market has been bifurcated into pharmaceuticals, food and beverage, and cosmetics. Under these, the pharmaceuticals segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing demand for health supplements.

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to the increasing growth of the end-use industries in developing countries, particularly China and India. The market growth in the North American region is expected to be driven by high demand for health supplements coupled with the presence of key market players such as Bio-Botanica Inc (US) and Creative Enzymes (US).

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