Moringa Products Market to Expand at a CAGR of 9.20% by 2028 to value USD 9.4 billion – Report by Market Research Future (MRFR)
Moringa Products Market: Information by Type (Leaves and Leaf Powder, Oil, Seeds and others), By End-Use (Functional Food & Beverage, Nutraceuticals, Pharmaceuticals, Personal Care and others) – Forecast till 2028 by MRFR
New York, USA, April 29, 2023 (GLOBE NEWSWIRE) — Market Research Future (MRFR) ‘s report highlights “Moringa Products Market Information By Type, End Use, And Region – Forecast till 2028″; the market will achieve USD 9.4 billion by 2028 at a 9.20% CAGR.
The drumstick or moringa tree, Moringa oleifera, is native to the Indian subcontinent and is a drought-resistant, nutrient-rich tree that can also be found in some African and Southwest Asian countries. The tree is used in many ways, and its derivatives, including tea, leaves and leaf powdered form, oil, and moringa seeds, have many uses in the food, cosmetics, medicinal products, and animal feed industries. It is thought to have various advantages, from health and beauty to aiding in the prevention and treatment of diseases. This is available in several forms, including unprocessed moringa, moringa powder for nutritional purposes, tea, and oil.
Several factors, including the rising demand for dietary supplements, rising health consciousness among people, and a shift in attention toward organic medicines, are driving the market. Customers seek natural, nutrient-deficient-balanced products as they become more aware of medicinal herbs and their many benefits. Due to its antimicrobial agents and antioxidant properties, the product is now used to fortify and preserve various foods. Agriculture benefits from the tree’s drought resistance and pest-repelling qualities. The market is also expected to grow due to rising interest in organic products, expanding fitness and wellness knowledge, and increasing requests for natural pesticides.
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|Market Size||USD 9.4 Billion|
|CAGR||9.20% (2021 to 2028)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, End-Use, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Market Drivers||Nutritive And Medicinal Properties Of Moringa|
Market Competitive Landscape:
The valuable players in the moringa products market are:
- Grenera Nutrients Pvt Ltd. (India)
- Aayuritz Phytonutrients Pvt Ltd. (India)
- Moringa Initiative Ltd. (South Africa)
- NEXE (Canada)
- Moringa Pura Vida (Mexico)
- Kuli Kuli, Inc. (U.S.)
- Organic India Pvt Ltd. (India)
- Only Natural Inc. (U.S.)
- Green Virgin Products LLC (U.S.)
- Dominate Industries (India)
- APEDA (India)
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Market U.S.P. Covered:
The drumstick tree, miracle tree, ben oil tree, or horseradish tree are all common names for the plant Moringa oleifera. One of the main factors driving market expansion is a rise in consumer awareness of the plant’s health benefits. It has antiviral, antidepressant, antifungal, and anti-inflammatory properties that help treat several diseases. A healthy circulatory system, immune system, and body’s soothing mechanisms are supported by every component of this plant, including its blossoms, seeds, gum, pods, leaves, and bark. Additionally, this plant can enrich anemic blood, free radicals are neutralized as well as deficiencies in vitamins and minerals are treated. With their assistance, you can treat conditions like malnutrition, nursing mothers, general weakness, depression, menopause, bone loss, and arthritis. Numerous studies are also being conducted to determine the product’s maximum potential in medicine.
Customers are looking for natural, micro nutrient-balanced products as they become more aware of herbal products and their many benefits. This has led to the product’s inclusion in many food items for strengthening and preservation due to its antimicrobial and other qualities. Additionally, it is inexpensively and easily cultivable in tropical and subtropical areas, increasing the number of uses for the plant. One of the best products for treating malnutrition in children under the age of three is this one as well. The market is seeing an increase in demand for these goods because of the abovementioned factors. As a food fortification component to fight hunger and malnutrition and among health-conscious customers, the moringa products market is quickly gaining popularity.
The forecast for the moringa product market is soon expected to be constrained by the growing global demand for moringa, which is currently outpacing supply. The only thing holding back the moringa product market is increased demand, which sometimes makes it impossible to meet. This will limit the outlook for the moringa product market. The fact that there is a sizable demand for these products and that demand is frequently unmet is the only factor that will prevent the growth of the moringa product market. There are many products made from the moringa plant. As a result of this development, the prospects for the market for moringa goods will be impacted.
COVID 19 Analysis
All industries have been impacted by the COVID-19 pandemic outbreak, which has brought about several unexpected changes in the global economy. Some countries went into lockdown, and tariffs were implemented to stop the virus’s spread. Due to labor shortages, plant closures, and shipping and logistics delays, the food, beverage, and agriculture sectors suffered greatly. The impact of COVID-19 on the world has been staggering and unprecedented, and the pandemic has had a minor negative effect on demand for moringa products worldwide. When the pandemic is over, this market’s demand and growth will resume to pre-pandemic levels, which will explain the increase in CAGR.
Browse In-depth Market Research Report (111 Pages) on Moringa Products Market: https://www.marketresearchfuture.com/reports/moringa-products-market-6960
By end-use, the market includes functional food & beverage, nutraceuticals, pharmaceuticals, and personal care. The market includes leaves and leaf powder, oil, and seeds by type.
For moringa product companies, increased demand from numerous manufacturers in various industry sectors is anticipated to be a key growth driver. The fastest-growing regional market is in Asia-Pacific. If moringa is used correctly in daily consumption, developing nations like India can reduce reliance on various sourced dietary supplements. Unlike mineral oils, buyers in APAC are growing to prefer cosmetics derived from plants. This has increased demand for exotic plants like moringa across many APAC nations. India is the world’s largest producer, and the supplement market is likely to grow as the food and agricultural sectors develop. Due to the enormous consumer popularity of nutritional supplements, Europe shows tremendous growth potential. The region’s major markets for nutritional supplements include Germany, the U.K., Italy, and the Netherlands, where consumers are generally much more aware of the product.
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