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The Moringa Products Market Segmented By Product, Application, And Region
Global Moringa Products Market: Introduction
Moringa is the sole genus in the flowering plant family Moringaceae. The name is derived from murungai, Tamil word for drumstick. It comprises 13 species from tropical and subtropical regions, and it varies in size – from tiny herbs to massive trees. The global Moringa Products Market is estimated to value over US$ 6 Bn in 2019, and is projected to register a CAGR of 12.9% in terms of revenue over the forecast period.
Global Moringa Products Market: Dynamics
Increasing awareness about medicinal benefits of Moringa and Moringa-based products is expected to support growth of the target market over the forecast period. Moringa leaves, pods, seeds, gum, bark, and flowers have properties to relieve mineral and vitamin deficiencies, support a healthy cardiovascular system, promote normal blood-glucose levels, neutralize free radicals, provide excellent support to the body’s anti-inflammatory mechanisms, enrich anemic blood, and support the immune system.
It is also known to improve eyesight, enhance mental alertness and bone strength. It has potential benefits to overcome shortcomings of malnutrition, general weakness, lactating mothers, menopause, depression, arthritis, and osteoporosis.
Hectic lifestyles, growing number of individuals with obesity issues, and shifting preference towards intake of fast food products are major factors expected to boost demand dietary supplements, which in turn is expected to drive revenue growth of Moringa products market over the next few years. Use of Moringa products as an ingredient in dietary supplements due to presence of essential nutrients that aid in maintaining or improving health, and rising awareness and consumption of such products, especially in developed countries such as the US, Canada, UK, and Australia are factors expected to drive growth of the global market.
Analysis By Segmentation:
The market report has been segmented on the basis of product, application, and region. The product segment includes moringa seeds and oil, moringa fruits, tea, pods (drumstick), and moringa leaves and leaf powder. The application segment includes cosmetics/ cosmeceuticals, dietary supplements/ nutraceuticals, food, industrial, and agriculture. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product: The moringa leaves and leaf powder segment is expected to register highest CAGR of over 13%, thereby accounting for highest revenue share as compared to the other product segments
By Application: The dietary supplements/nutraceuticals segment is expected to register highest CAGR of over 13.5% over the forecast period
By Region: The market in North America accounted for highest revenue share in the global moringa products market in 2018. The market in Asia Pacific is projected to register highest CAGR of over 14% in the global market over the forecast period
Global Moringa Products Market: Competitive Analysis
The research report on the global Moringa products market includes profiles of major companies such as Ancient Greenfields Pvt. Ltd. (AGF), Earth Expo Company (EEC), Grenera Nutrients Pvt. Ltd., Kuli Inc., Genius Nature Herbs Private Limited, Herbs & Crops Overseas, Saipro Biotech Private Ltd., Shanker Herbal Care, ORGANIC INDIA Pvt. Ltd., Himalaya Global Holdings Ltd. (The Himalaya Drug Company), Vedha Farms (Miracle Tree Life Science), Maiam Group Companies, Ignitive Impex Private Limited, Remedy Labs, Inc., and Green Era Foods & Nutraceutics.
The Global Moringa Products Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global moringa products market for 2018–2028.
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