The global moringa ingredients market size is expected to reach USD 141.4 million by 2028 according to a new study by Polaris Market Research. The report “Moringa Ingredients Market Share, Size, Trends, Industry Analysis Report, By Source (Leaves, Seed, Oil, Others); By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Others); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the continuously evolving socioeconomic status of the individual, the consumer in the marketplace has now become more attentive about their health. Consumption of natural products from plant origin has fewer side effects and has become popular over the past few years. Moreover, it has more scope for the foods which can impart nutritional benefits beyond traditional nutrients.
Different parts of the moringa tree such as flowers, seeds, roots, and flowers are suitable for human consumption. Leaves of the moringa are good in minerals, antioxidants, beta carotene, and protein are used not only good for human nutrition, but also in traditional medicine. Moreover, moringa ingredients oil is considered a good alternative for olive oil and other non-food applications such as biodiesel, lubricant, and cosmetics.
Moringa ingredients demand is projected to witness market growth owing to its high nutritional properties. It includes proteins that are required for cell and tissue market growth. It has a high number of amino acids, as compared to soybean. It also benefits lactating and pregnant women with vitamin A and E to nourish newborn babies.
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Asia Pacific moringa ingredients demand is projected to witness a lucrative market growth over the moringa ingredients study period. The consumer’s awareness regarding its nutritional benefits in major populated countries such as the Philippines, India, China, change in dietary choices, increasing trend of veganism, and use of the product in ancillary industries are the major factors contributing to the region’s market growth for moringa ingredients.
Moreover, rapid urbanization, which has resulted in altering food consumption preferences and patterns, and the consumer’s inclination towards workouts and health also boosting the region’s market growth for moringa ingredients.
Market participants operating in the moringa ingredients industry Herbs & Crops Overseas, Earth Expo Company, Kuli, Inc., Grenera.Com, Saipro Biotech Private Limited, Ancient Greenfields Pvt Ltd, and Organic India Pvt Ltd. The companies in the moringa ingredients industry have adopted merger & acquisition as an expansion strategy for increasing market share.
Polaris Market Research has segmented the moringa ingredients market report on the basis of source, application, and region:
Moringa Ingredients, Source Outlook (Revenue – USD Million, 2016 – 2028)
Moringa Ingredients, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Food & Beverages
- Cosmetics & Personal Care
Moringa Ingredients, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa