Fenugreek Seed Prices – Historical Graph
- The average price in the past 3 days is
- The average price in the past 7 days is
- The average price in the past 30 days is
- The average price in the past 365 days is
Popular questions about fenugreek seed prices:
Fenugreek Seed Prices Explained
Fenugreek seed prices gain marketability as the rising consumption of ethnic-favored herbs and spices continuously grows in the Asia-Pacific region.
Additionally, the steady demand from emerging economies like India, China, and South Korea further fuels the fenugreek seed market growth. Medical industries from these countries use this commodity to treat the rising type 2 diabetes disease. Presently, India accounts for 80% of the world’s production. Here are the detailed fenugreek seed price determiners:
Why are fenugreek seed prices fluctuating?
1. Supply and Demand
Due to its wide range of applications as a food additive, dietary supplement, and herbal medicine, fenugreek is in demand, particularly in the Middle East, Europe, and North America. Thus, this increasing need from these regions influences the fenugreek seed price fluctuation.
2. Quality
Generally, fenugreek seed prices depend on its size, color, aroma, and purity. As a result, growers take ample time in cleaning, grading, and packaging the seed to ensure quality which increases its market pricing. On the other hand, poor processing results in poor seed quality which causes lower fenugreek seed prices.
3. Seasonal Variation
Fenugreek is a winter crop that grows in India from October to November and is harvested in February or March. Therefore, its prices come after seasonality, which causes price hikes in the off-season when stock is scarce and drops in the peak season when supply is abundant.
4. Industry Applications
Fenugreek seed extracts are rich in saponins, flavonoids, and alkaloids. These beneficial compounds are widely utilized in various industries, like pharmaceuticals, nutraceuticals, cosmetics, and food and beverages. This market growth stems from increasing consumer awareness associated with its health benefits.
Which variables impact the price of fenugreek seed?
- Supply and Demand
- Quality
- Seasonal Variation
- Industry Applications
- Weather Conditions
- International Trade
Where does fenugreek seed come from?
Fenugreek belongs to the pea family herb. Generally, its seeds are used as a spice due to its unique flavor profile that comes with a nutty hint of sweetness and a slight bitterness. The process of harvesting fenugreek seeds involves several steps:
1. Harvesting – Normally, growers use sharp instruments like shears or scissors to cut the plant’s stems at ground level.
2. Bundling and Drying – To speed up the drying process, the fenugreek plants and their seed pods are gathered and hung upside down in a cool and dry place after harvest.
3. Threshing – They are separated from the dried plant material after drying. This step either uses mechanical or manual methods.
4. Cleaning – Thoroughly clean the seeds to remove any contaminants and waste to ensure the finished product is high quality.
5. Storage – The final step includes placing the cleaned fenugreek seeds in an airtight container and keeping them cool and dark.
What are the uses of fenugreek seed?
Freshly harvested fenugreek leaves enhance the flavor and aroma of many dishes, while the seeds are used in the food, pharmaceutical, cosmetic, and textile sectors due to their versatile qualities. These are the specific industrial uses of fenugreek seeds:
1. Spices and Seasonings – It is used spice in many culinary traditions due to its subtle bitter and nutty flavor.
2. Herbal Medicine – Traditional healing practices in India use this commodity due to its medicinal properties. Additionally, the pharmaceutical industry uses fenugreek to make dietary supplements and herbal medicines.
3. Skin Care Products – Its extracts are sometimes added to cosmetics such as lotions and creams due to their ability to reduce inflammation.
4. Natural Flavoring – Fenugreek extracts are used in the flavoring business to give distinct aroma and taste to several products, such as food items, beverages, and tobacco.
5. Paper Manufacturing – Its gelatinous substance has adhesive characteristics that make it useful as a binder or sizing agent in the paper industry.
What is the future price of fenugreek seed?
Market analysts predicted that South Korea, China, and India will drive the fenugreek seed extract market’s expansion. Additionally, the food sector is especially interested in its seed extract because of its delicious taste and several health benefits. The expansion of plant-based diet products such as whey protein uses this commodity as an ingredient.
Moreover, the shifting consumer focus toward Ayurvedic cosmetics and increasing concern regarding synthetic chemicals will influence its industry size. Its seed extract finds its way into many formulations such as facial serums, moisturizers, shampoos, and conditioners. Therefore, the price of fenugreek seed will be $9.21 per kilogram in 2028 and its global market is forecasted to witness a CAGR of 6.2%.