The scope of the publisher's 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.
The moringa ingredients market was valued at US$ 4,513.92 million in 2021 and is projected to reach US$ 7,307.17 million by 2028; 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.
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.
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.
Based on type, the global moringa ingredients market is segmented into leaves and leaf powder, oils, seeds, and others. In terms of category, the market is segmented into organic and conventional. Based on application, the market is segmented into food and beverages, personal care, pharmaceuticals and nutraceuticals, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. By country, North America is categorized into the US, Canada, and Mexico. Based on country, Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In terms of country, Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. By country, Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Based on country, South America is segmented into Brazil, Argentina, and the Rest of SAM.
Reasons to Buy
The moringa ingredients market was valued at US$ 4,513.92 million in 2021 and is projected to reach US$ 7,307.17 million by 2028; 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.
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.
Impact of the COVID-19 Pandemic on 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.
Overview of the Moringa Ingredients Market
Based on type, the global moringa ingredients market is segmented into leaves and leaf powder, oils, seeds, and others. In terms of category, the market is segmented into organic and conventional. Based on application, the market is segmented into food and beverages, personal care, pharmaceuticals and nutraceuticals, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. By country, North America is categorized into the US, Canada, and Mexico. Based on country, Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In terms of country, Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. By country, Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Based on country, South America is segmented into Brazil, Argentina, and the Rest of SAM.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global moringa ingredients market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Frequently Asked Questions about the Global Moringa Ingredients Market
What is the estimated value of the Global Moringa Ingredients Market?
What is the growth rate of the Global Moringa Ingredients Market?
What is the forecasted size of the Global Moringa Ingredients Market?
Who are the key companies in the Global Moringa Ingredients Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 176 |
| Published | July 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD
| USD 4254.06 Million |
| Forecasted Market Value ( USD
| USD 7307.17 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Table of Contents
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Moringa ingredients Market Landscape
6. Moringa ingredients - Global Market Analysis
7. Moringa Ingredients Market Analysis - By Type
8. Moringa Ingredients Market Analysis - By Category
9. Moringa Ingredients Market Analysis - By Application
10. Moringa Ingredients Market Analysis - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Moringa Ingredients Market
12. Key Company Profiles
13. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Dominate Industries
- Moringa Initiative Ltd
- Green Era Foods & Nutraceutics
- Sarvaayush Ayurved & Herbals
- Earth Expo Company
- Saipro Biotech Private Ltd.
- Connoils LLC
- Santan India
- All Herbscare
- Herbs and Crops Overseas
