Moringa Ingredients Market Size Worth USD 7,307.17 Million By 2028 | CAGR 7.1%: The Insight Partners

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Moringa Ingredients Market Forecast to 2028

Pune, INDIA — The scope of our recent study on the "Moringa Ingredients Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Leaves and Leaf Powder, Seeds, Oil, and Others), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceutical and Nutraceutical, and Others)," includes the analysis of factors driving the market, estimation and forecast of revenues, market share analysis, and identification of significant market players and their key developments.

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The moringa ingredients market is projected to reach US$ 4,254.06 million by 2028 from US$ 7,307.17 million in 2020; it is expected to grow at a CAGR of 7.1% from 2021 to 2028. The moringa plant, often called a drumstick tree, has numerous health benefits. Moringa ingredients such as leaf powder, moringa oil, and moringa seeds are extensively used across various industries such as food & beverages, pharmaceutical and nutraceutical, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties. Moreover, moringa contains nutrients such as vitamin A, vitamin B2, vitamin B3, calcium, potassium, iron, magnesium, zinc, and ascorbic acid. Moringa ingredients protect and nourish skin and hair, help to treat edema, protect the liver, and help in treating certain cancers. They also aid the digestion process and help in treating stomachache.

Moringa Ingredients Market: Competitive Landscape and Key Developments

The key players operating in the moringa ingredients market include Dominate Industries, Moringa Initiative Ltd, Green Era Foods & Nutraceutics, Sarvaayush Ayurved & Herbals, Earth Expo Company, Saipro Biotech Private Ltd., Connoils LLC, Santan International, All Herbscare and Herbs and Crops Overseas.

The size of the overall global moringa ingredients market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the moringa ingredients market.

Amid the COVID-19 pandemic, consumers are focused on maintaining their health, which is likely to boost the sales of nutritional supplements globally. Furthermore, the consumer preference for plant-derived supplements is influencing the moringa product growth, thereby affecting the moringa ingredients market. In the current situation, it is essential to raise immunity to combat the novel coronavirus, maintain hygiene, and adhere to all the medical advice. Even the World Health Organization (WHO) recommends that the world population should consume immunity-boosting foods, in its COVID-19 report. However, most governments were forced to impose stringent lockdowns and limitations on movements and trades due to the outbreak. Various businesses, including cosmetics, were forced to close down production units. The disturbance in the supply chain also resulted in a scarcity of raw materials, which contributed to a drop in finished product output. The demand also fell during the pandemic as a result of changes in consumer behavior, and their limited purchasing power. All of these factors restrained the market growth in the first and second quarters of 2020. However, with the relaxation of restrictions on personnel movement and the removal of lockdown, the worldwide moringa ingredients market may witness a strong growth rate in the coming years due to its nutritious value.

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Moringa Ingredients Market: Segmental Overview

Based on type, the moringa ingredients market is segmented into leaves and leaf powder, oils, seeds, and others. In 2020, the leaves and leaf powder segment accounted for the largest market share. There has been a heightening demand for moringa leaf powder as it is high in antioxidants. The rich iron content of the moringa powder makes it ideal for vegans and those suffering from anemia. The rich source of vitamin A serves to be essential for radiant and healthy skin, while vitamin E protects the cells from oxidative stress, thereby fighting the signs of aging. Further, moringa powder is considered a highly nutritious food, and it comprises several healthy compounds such as vitamin B1, vitamin A, calcium potassium, folate, zinc, and iron, which is a major factor driving the segment.

The moringa ingredients market is segmented into five main regions--North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific held the largest share of the market in 2020. The dominance of this region in the global market is primarily attributed to the region’s large-scale production and domestic consumption of moringa ingredients, which is propelled by food & beverage manufacturers’ inclination toward product innovation through the introduction of novel ingredients to cater to customer indulgence. In addition, the growing consumer awareness regarding the health and nutritional benefits of moringa is one of the significant factors driving the market in developing nations such as China, India, and the Philippines. Additionally, a change in the dietary choices of consumers is also expected to increase the demand for the product on account of the increasing trend of veganism that is paving the path for plant-based food products. Further, the presence of a large number of moringa ingredients manufacturers is boosting the market growth in the region.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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COMTEX_415150970/2582/2022-09-23T18:10:34