The global moringa products market size is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing need for nutritional supplements, improving health awareness among people, and shifting focus towards organic medication are the key factors for industry growth.
Increase in awareness among consumers regarding health benefits of moringa is one of the major reasons for the market growth. It has antifungal, antiviral, antidepressant, and anti-inflammatory properties, which are beneficial in healing various diseases. Additionally, it can be easily grown in tropical and subtropical regions with low cost, thereby resulting in increased usage of the plant in various applications. It is also one of the best products to treat malnutrition children younger than 3 years. Considering all these factors, demand for moringa is increasing in the market.
Major Key Players in the market are Veg India Exports, Green India, Ayuritz, and Mother Hubs
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Key findings from the study suggest:
- The leaf powder segment is projected to expand at a CAGR of 11.2% over the forecast period
- The online distribution channel will register the highest CAGR of 11.6% through 2025
- U.S., China, Germany, Ethiopia, and Brazil are the major countries accounting for the largest market share in their respective regions.
Moringa contains various healthful compounds such as vitamin A, vitamin B1, folate, calcium potassium, iron, and zinc. It is also extremely low in fats and contains no harmful cholesterol. The antibiotic and antibacterial properties of this plant may help inhibit the growth of various pathogens, and its high vitamin B content helps with digestion. Among all the vegetables, moringa is commonly used by South Indians for its flavor and delicious taste in Sambar and Curry preparation. Rising demand for the product due to its rich nutritional properties and low price is boosting the growth of this moringa products market.
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Moringa oleifera is a plant that is often called the drumstick tree, the miracle tree, the ben oil tree, or the horseradish tree. Increase in awareness among consumers regarding health benefits of this plant is one of the major reasons for the market growth. It has antifungal, antiviral, antidepressant, and anti-inflammatory properties, which are beneficial in healing various diseases. Additionally, it can be easily grown in tropical and subtropical regions with low cost, thereby resulting in increased usage of the plant in various applications. It is also one of the best products to treat malnutrition children younger than 3 years. Considering all the above-mentioned factors, demand for these products is increasing in the market.
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Grand View Research has segmented the global moringa products market on the basis of product, and distribution channel:
Moringa Products Product Outlook (Revenue, USD Billion, 2015 – 2025)
- Leaf Powder
Moringa Products Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
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Rising demand for dietary supplements and organic based products with no side effects on skin and body is driving the demand of moringa, thereby providing tough competition to various players. The market is identified by several activities such as expansions, mergers and acquisitions, and product and technological innovation, attempted by the key manufacturers in the industry. In a recent study, it was found that moringa can prepare a kind of medicine that can delay diabetes for 10-15 years. Most of the pharma companies are doing extensive research to develop various kinds of medicines from moringa.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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