Moringa Ingredients Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Moringa Ingredients Market grew at a CAGR of 8.3% between 2017-2021 and is estimated to be US$ 6421.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.0% and is expected to reach a valuation of US$ 13,863.1 Mn by 2032 end.
The demand for moringa components is being driven by the availability of a wide range of product applications in the food and beverage, dietary supplement, pharmaceutical, wastewater treatment, and animal feed industries, as well as their rising consumption.
ChemView Consulting has analyzed that the demand for functional components from plant sources like moringa oleifera has increased as consumer awareness of healthy and nutritional meals has grown. The moringa tree’s leaves, pods, and seeds provide a variety of antioxidants and dietary advantages.
The food and beverage industry will account for 54.6% of total revenue. The section includes ready-to-cook product lines like moringa powder and moringa tea and ready-to-eat products like moringa chocolates, cakes, juices, and lattes, which account for the largest market share. The largest revenue share of the food and beverage sector is supported by the rising demand for functional food among urban populations worldwide.
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Segments Covered in Report
- Food & Beverages
- Cosmetics & Personal Care
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Moringa Ingredients Market
- Based on the origin, the organic segment dominated the market, which is also expected to grow at the quickest rate, with a CAGR of 11.2% from 2023 to 2032. Because organic moringa is produced using non-GMO farming techniques, health benefits encourage its growth and demand in various market uses. Organically developed ripe fruits/pods, mature leaves, mature flowers, and organically grown roots are frequently included as the main components promoting the quickest growth of organically cultivated moringa.
- Based on the application, the food and beverage industry will account for 54.6% of total revenue. The section includes ready-to-cook product lines like moringa powder and moringa tea and ready-to-eat products like moringa chocolates, cakes, juices, and lattes, which account for the largest market share. The largest revenue share of the food and beverage sector is supported by the rising demand for functional food among urban populations worldwide.
- Based on the region, Asia Pacific dominated the market and generated 43.9% of total revenue. Due to its suitable climate for growing moringa, India is the main nation cultivating and supplying the plant on the international market. Farmers’ increasing learning habits and technological advancements in agricultural methods support the regional market value.
Key companies covered in the market study are Organic India Pvt. Ltd., Earth Expo Company, KuliKuli, Inc., and Ancient Greenfields Pvt. Ltd, Grenera Nutrients Pvt., Botanica Natural Products, Aayuritz Phytonutrients Pvt. Ltd., Herbs & Crops Overseas, MoringaInitiative Ltd., Green Virgin Products LLC, Dominate Industries
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
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- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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