Stratview Research has launched a new report, titled Fenugreeked Extract Market, By Form (Powder, Oil), Application (Pharmaceuticals, Food, and Beverage, Cosmetics), and Region – COVID-19 Impact Analysis and Forecast to 2026.
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, 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.
Market Segments’ Analysis
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).
The following are 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)
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Fenugreeked Extract market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Fenugreeked Extract market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: here
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