Moringa ingredients are moringa tree components such as bark, seeds, pods, flowers, leaves, and other components that are extracted from tree for their nutritional properties. These ingredients are a rich source of nutrients like protein, carbohydrates, calcium, phosphorus, potassium, iron, vitamins, beta carotene, and other bioactive compounds.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Europe was the largest region in the moringa ingredient market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the moringa ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the moringa ingredients market report are H&C GROUP Ltd., The Himalaya Drug Company FZCO, Organic India Pvt Ltd., Moringa Initiative Ltd., Grenera Nutrients Inc., Green Virgin Products LLC, Moringa Energy Life LLC, KuliKuli Inc., Saipro Biotech Pvt Ltd., Ancient Greenfields Pvt Ltd., Earth Expo Company, Ancient Greenfields Pvt Ltd., Botanica Natural Products Ltd., Aayuritz Phytonutrients Pvt Ltd., Ayur Pty. Ltd., Farmvilla Food Industries Private Limited, Shree HariRas health care center, Kangar Moringa Farm LLP, Genius Nature Herbs Pvt Ltd., The Moringa Group LLC, Nature’s Superfoods LLP, Dominate Industries, HNCO Organics Private Limited, Maiam Group Companies, Dawn Moringa
The moringa ingredients market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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