ID: MRFR/F-B & N/5495-CR | September 2019 | Region: Global | 111 pages
Moringa Products Market is anticipated to convey a CAGR of 9.3% and touch USD 7902.9 Million by 2025. Moringa manufactured goods such as pills, soaps, powders, oils, and seeds are acquired from separate parts of the moringa tree indigenous to India. The worldwide market for moringa products is projected to develop speedily due to the health benefits of the tree's products. Moringa is a significant food source in some areas of the world because it can be cultivated cheaply and competently. The leaves hold lots of vitamins and minerals when dried, leading to moringa being used in countries like India and Africa in feeding programs to combat malnutrition. As an antioxidant, it appears to help protect cells from damage leading to its use in capsules and pills as a supplement. Moringa oil is also regarded as the new coconut oil as many products using moringa oil are now finding their way into cosmetic products such as shampoos, lip oils, blushes, hair oils, and moisturizers.
Numerous research studies on moringa state the use of plant extracts against reducing the novel coronavirus's possibility. Thus, with the growing health worries among the consumers, moringa products' demand is anticipated to increase post-COVID-19. Moringa is a herbal plant with multiple uses, such as human food and a substitute for medicinal purposes. Moringa has 19 amino acids, counting nine essential amino acids that help body functions. Nations across the world majorly bring in moringa from India and Africa. With trade barriers, the sourcing of raw materials to the moringa products producers is highly hampered. Furthermore, the COVID-19 influence on logistics also adds to the augmented prices of raw materials, which raises the cost of moringa products. The burgeoning use in functional food & beverages, pharmaceuticals, and nutraceuticals is estimated to promote the growth of the moringa product market share. The customer swing to plant-derived supplements is swaying the development of moringa products.
Nutritive And Medicinal Properties Of Moringa
The highly beneficial qualities of moringa have advocated the rise in its popularity globally. The increased focus on wellness and improved understanding of preventive medication is estimated to promote the moringa product market.
Increasing Application Of Moringa In Various Industries
The benefits have advocated mass incorporation of moringa in several high-end products such as oils, perfumes, and cosmetics by top manufacturers because of its exotic nature.
Growing Preference For Organic Moringa
Due to their appropriate and safe growing methods, the intensifying call for organic products is estimated to provide expansion options for moringa pharmaceuticals products in the coming years.
Gap In Demand And Supply Of Moringa
The escalated global demand for moringa is more than the supply at present, and this is estimated to impede the moringa products market revenue in the coming period.
Based On Type
The leaf and leaf powder segment is likely to govern the moringa market with a share of more than 41%. Moringa oils' use in the food and personal care industries at a massive scale is estimated to promote the segment's growth. It is used to protect against pollution and sun damage in skincare products with cold-pressed moringa oil rich in antioxidants.
Based On End Use
The functional food and beverages segment handled the majority portion of the segment due to moringa's high nutritional content. The segment is projected to attest to the fastest development due to the growing requirement for these products and the adoption of a high-protein plan.
APAC To Control A Bulk Of The Global Market
Asia Pacific moringa market demand reported for the main share of 35.30% of the moringa products market in 2018. Australia, China, India, and New Zealand are the essential countries furthering its market development. The moringa market in the Asia Pacific is the primary producer of moringa. The region's production is typically consumed locally due to moringa in skincare, wellness, and hair care.
Demand For Organic Products To Spur North America
The North American moringa market is anticipated to record a CAGR of 10.0% throughout the forecast period. An elevated requirement for natural and organic products is observed to induce the region's moringa market's growth.
The notable players in the Global Moringa Products Market are
Dec 2020 APEDA is helping generate more moringa processing units in the country to advance exports. India has begun the export of moringa powder, a nutritional supplement, with the United States' primary consignment recently. Two tonnes of organic-certified moringa powder were shipped to the US through an air consignment. Apeda has been sustaining private entities in creating the necessary infrastructure to encourage moringa products exports from India. The global demand for moringa products, such as moringa leaf powder and moringa oil, is intensifying.
Jan 2021 NEXE Innovations is introducing its novel in-house brand, XOMA Superfoods, to meet the rising requirements of health and environmentally conscious clients.NEXE devises to add more products, obtainable for purchase online and through subscription, through a new direct-to-consumer e-commerce platform. XOMA Superfoods will, in due course, consist of a wide range of healthy lifestyle products, which may comprise moringa, coffees, superfood creamers, coconut oil, MCT oil, and mushrooms.
Jan 2021 Truweight Wellness Pvt. Ltd, a nutrition-based healthcare business, has rebranded itself as 'Possible'. This change aims to help 1 million more people in combating lifestyle diseases. The brand will start service Pan-India in 2021. The company's work is to advance disease-free life using food as medicine. Consequently, they will also bring specially picked superfoods and premium-quality ingredients such as spirulina, moringa, quinoa, and garcinia used in our products to boost a healthy diet.
Dec 2020 Metro Retail Stores Group Inc. (MRSGI) has reinforced its present CSR partnership with adlai producer Kiboa Ridge Farms and moringa producer GreenEarth Heritage Foundation. Owing to this partnership, MRSGI will deliver these microentrepreneurs' an approach to a broader market by producing their products available in select Metro branches.
Frequently Asked Questions (FAQ) :
Moringa Products Market CAGR would be 9.3% during the forecast period.
The valuation of Moringa Products Market would be USD 7902.9 million.
The growing awareness regarding health benefits would drive Moringa Products Market ahead.
The leaf and leaf powder segment would lead Moringa Products Market.
Asia Pacific would lead the Moringa Product Market.