The Moringa Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Moringa Ingredients Global Market Report 2024, The moringa ingredients market size has grown strongly in recent years. It will grow from $7.81 billion in 2023 to $8.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to traditional medicinal use, nutritional awareness, sustainable agriculture focus, pharmaceutical applications, rise in functional foods.
The moringa ingredients market size is expected to see strong growth in the next few years. It will grow to $12 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to research and development initiatives, pharmaceutical and nutraceutical usage, functional ingredient demand, regenerative agriculture emphasis, sustainability and eco-friendly products. Major trends in the forecast period include social responsibility and fair trade, research and innovation, pharmaceutical and nutraceutical applications, functional foods and beverages, sustainable agriculture.
The shift of customer preferences towards plant-based foods is driving the growth of the moringa ingredient market. Plant-based foods such as moringa contain high levels of protein, minerals, and antioxidants. Consumers are increasingly preferring plant-based foods to improve overall health, weight management, and eat a healthier diet. For instance, in July 2023, according to reports published by Front Office Sports, a US-based media company, there were $586 million in investments made globally in plant-based protein alone. About a third of U.S.-based consumers anticipated eating more plant-based foods, particularly protein alternatives. This behavior is most prominent in millennials, with 48% of respondents indicating definitive plans. Thus, the change in customer preferences towards plant-based foods is driving the market growth of moringa ingredients.
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The moringa ingredients market covered in this report is segmented –
1) By Product Type: Moringa Seeds, Moringa Leaves, Moringa Fruits, Moringa Tea, Moringa Pod
2) By Form: Moringa Powder, Moringa Oil
3) By Application: Dietary Supplements, Cosmetics And Personal Care, Pharmaceuticals, Textiles And Paper, Other Applications
Major companies operating in the moringa ingredients market are developing new products such as moringa oil to gain a competitive edge in the market. Moringa oil is a natural oil extracted from the seeds of the Moringa oleifera tree. For instance, in November 2021, Speaking Herbs, an India-based organic healthcare products company, launched new Moringa Oil, crafted entirely from natural ingredients and free of chemicals or toxins. Derived from the seeds of the Moringa oleifera tree, this cold-pressed, extra virgin oil is renowned for its skin and hair care benefits. Rich in bio-active molecules, such as alkaloids and antioxidants, the oil is known to reduce pigmentation, remove tan, and address various skin issues. With anti-aging, antiseptic, and anti-inflammatory properties, the Moringa Oil from Speaking Herbs offers a multipurpose solution for winter, keeping the skin hydrated and aiding in healing dry skin conditions.
The moringa ingredients market report table of contents includes:
- Executive Summary
- Mooring Systems Market Characteristics
- Mooring Systems Market Trends And Strategies
- Mooring Systems Market - Macro Economic Scenario
- Global Mooring Systems Market Size and Growth
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- Global Mooring Systems Market Competitive Benchmarking
- Global Mooring Systems Market Competitive Dashboard
- Key Mergers And Acquisitions In Mooring Systems Market
- Mooring Systems Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- H&C GROUP Ltd.
- The Himalaya Drug Company FZCO
- Organic India Pvt Ltd.
- Moringa Initiative Ltd.
- Grenera Nutrients Inc.
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