The global moringa ingredients market size is projected to reach USD 138.4 million by 2027, according to a new report by Grand View Research, Inc. It is anticipated to exhibit a CAGR of 8.8% in terms of revenue during the forecast period. Increasing pharmaceutical application of moringa on account of its effective healing properties is expected to drive the market growth.
The growing prevalence of diseases such as asthma, anemia, diarrhea, constipation, diabetes, stomach pain, headache, heart diseases, intestinal ulcers, thyroid disorders, high blood pressure, viral, fungal, fluid retention, and bacterial infections is projected to drive the product demand and in turn encourage the global market growth.
Moringa ingredients derived from moringa plant are highly nutritious, is native to the tropical countries of South Asia. Major parts of moringa tree are used as an ingredient for moringa products such as the pod which is beneficial for producing medicines and for human consumption. Furthermore, the moringa leaf are also used in others application such as animal feed and also provides various health products including powder, tablets, capsules, oil, tea, energy bar, drops, and oil cake.
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Increasing demand for moringa in cosmetic and personal care products on account of its various benefits such as helps in removing toxins, fights acne, slows down aging, reduction of large pores are significant factors that are anticipated to drive growth of the market for moringa ingredients in the forthcoming years.
The market is highly competitive in nature owing to the significant developments in terms of product innovation and portfolio expansion. Consumer shift from heavy meals to vegetarian options has created various opportunities for the manufacturers. Trends like veganism and preference for personalized meals are expected to drive the market growth.
Moringa Ingredients Market Report Highlights
• Food and beverage segment is projected to ascend at a revenue-based CAGR of 8.6% over the forecast period on account of growing consumer inclination toward fast food and increasing incidence of obesity
• Cosmetic and personal care segment registered the fastest revenue-based CAGR of over 10.0% during the forecast period, owing to rising healthcare costs coupled with increasing geriatric population across the world
• In terms of source, moringa seed ingredients segment is anticipated to record a CAGR of 9.3% in the upcoming years on account of increasing demand in cosmetics and food and beverage industries
• Asia Pacific was the largest regional segment accounting for 38.64% of the total market share in terms of revenue owing to the rising awareness concerning the health benefits of moringa and growing number of organized retailing outlets
• In Jan 2016, a New Global Energy Inc., pioneered a novel cultivation technique in California Coachella Valley. Through this move company intended to become a key raw material supplier of botanical moringa. In the near term, other market participants are likely to follow suit, given the rising demand of moringa products in the health and wellness space
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Moringa Ingredients Market Segmentation
Grand View Research has segmented the global moringa ingredients market on the basis of source, application, and region:
Moringa Ingredients Source Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
• Leaves
• Seed
• Oil
• Others
Moringa Ingredients Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
• Food & Beverages
• Cosmetic & Personal Care
• Pharmaceuticals
• Others
Moringa Ingredients Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Spain
• Asia Pacific
o China
o Japan
o India
o Philippines
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
List of Companies in the Moringa Ingredients Market
• Earth Expo Company
• Ancient Greenfields Pvt Ltd
• Kuli Kuli, Inc.
• Grenera.Com
• Saipro Biotech Private Limited
• Herbs & Crops Overseas
• Organic India Pvt Ltd.
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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.