According to the research report, the global moringa ingredients market size & share was valued at USD 74.1 Million in 2020 and is expected to reach USD 141.4 Million By 2028, to grow at a CAGR of 8.9% during the forecast period.
Moringa oleifera is a plant usually called drumstick tree or miracle tree. It has been used for centuries because of its health benefits and medicinal properties. It also possesses antiviral, antifungal, anti-inflammatory, and antidepressant features. Many healthful compounds are in moringa like vitamin B1, vitamin A, B3, B2, and B6, folate and ascorbic acid, potassium, magnesium, and calcium. It is deficient in fats and is devoid of harmful cholesterol.
The benefits of moringa are many. It is widely used in health and beauty and assists in curing and preventing diseases. It is advantageous for safeguarding hair against radicals that are free and maintains its health and cleanliness. It also has protein which indicates it is beneficial in preserving skin cells from harm. It also has detoxifying and hydrating elements which beautify the skin and hair. It can be lucrative in curing sores and skin infections.
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Important Questions Being Answered by The Market Report
- What is the market size and growth?
- Who are the major players functioning in the market?
- Which region holds the largest share?
- Dependent on type, which segment is leading the market during the forecast period?
- What is the latest trend for the market?
- What is the influence of covid-19 on the market?
Top Market Players Are:
- Herbs & Crops Overseas
- Earth Expo Company
- Kuli Inc.
- Grenera.Com
- Saipro Biotech Private Limited
- Ancient Greenfields Pvt Ltd
- Organic India Pvt Ltd
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Moringa ingredients market: Growth leading factors
The vogue of Moringa ingredients is precipitating day by day globally due to its health benefits and nutritional profile. The awareness of these products is seeping into the consumers, which is also pushing the market’s growth. The increasing demand for food supplements and superfoods is, to a greater extent, anticipated to boost the requirement for Moringa ingredients.
All the parts of the Moringa tree, including flowers, leaves, seeds, and roots, are appropriate for both animal and human consumption. The leaves are copious in anti-oxidants, minerals, B carotene compounds, and protein, which are utilized for human and animal nutrition and in conventional medicine. Moreover, Moringa oil can be used as a preferable option for olive oil to add to the diet and non-food administration like biodiesel, cosmetics, and lubricants for magnificent machinery.
Due to the covid-19 pandemic, consumers concentrate on sustaining their health, boosting the sales of nutritional supplements worldwide. Additionally, the consumers’ preference for supplements derived from plants is impacting the Moringa product growth, thus impacting the moringa ingredients market.
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Moringa ingredients market: Report Scope
|
Report Attribute |
Details |
|
Market Size 2020 Value |
USD 74.1 million |
|
Market Outlook for 2028 |
USD 141.4 million |
|
Expected CAGR Growth |
8.9% from 2021 – 2028 |
|
Base year |
2021 |
|
Forecast period |
2021 – 2028 |
|
Segments covered |
By Source, By Application, By Region |
|
Key Companies |
Herbs & Crops Overseas, Earth Expo Company, Kuli, Inc., Grenera.Com, Saipro Biotech Private Limited, Ancient Greenfields Pvt Ltd, and Organic India Pvt Ltd |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization Options |
Customized purchase options are available to meet your research needs. |
Moringa ingredients market: Key segmentation
- Insight by source, application, and region
By source, the leaves segment dominated the market and accounted for the maximum revenue share. The reason is that the leaves are rich in vitamins, minerals, and other crucial phytochemicals like sterols, tannins, flavonoids, saponins, and so on. By application, the food and beverage segments accounted for the maximum revenue. This segment includes ready-to-cook products like moringa powder and tea and ready-to-eat like moringa juices, cakes, and chocolates.
By region, Asia Pacific dominated the market as India being the prominent country plowing and supplying moringa in the global market due to the suitable weather conditions for the framing of the plants. The growing learning operations among farmers, together with the technological progressions in agricultural practices, are reinforcing the regional market value. Countries like India and China are developing rapidly. The growing consciousness of the urban population about health advantages linked with moringa ingredients is catalyzing the continuous development and revenue share.
Browse the full “Moringa Ingredients Market Share, Size, Trends, Industry Analysis Report, By Source (Leaves, Seed, Oil, Others); By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others); By Regions; Segment Forecast, 2021 – 2028” Report at https://www.polarismarketresearch.com/industry-analysis/moringa-ingredients-market
Key highlights of the report
- Developing industry trends in the Moringa ingredients market to assist players in developing influential strategies that are long term
- Business development programs acquired by developed and developing markets
- Quantitative analysis of the Moringa ingredients market
- Evaluation of global demand for Moringa ingredients
- Porter’s five forces analysis demonstrates the efficiency of buyers and suppliers functioning in the industry
- Recent advancements to comprehend the competitive market scenario
The market primarily depends on the source, application, and region
Moringa ingredients market: By source
- Leaves
- Seed
- Oil
- Others
Moringa ingredients market: By application
- Food & Beverages
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
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