Moringa Products Market Professional Survey and In-depth Analysis Research Report Foresight to 2023

Market Highlights:

Moringa grows in the tropical and subtropical regions across the world. Moringa is high in nutrition due to the presence of a several essential phytochemicals in seeds, pods and leaves. Additionally, moringa is easily cultivable which leads to increasing usage of the plant in various applications. Moringa is enriched with phytosterols such as sitosterol, stigmasterol, and kampesterol, these molecules stimulate the mammary gland ducts to produce milk in lactating mothers. Moringa is used to treat malnutrition in children younger than three years. Considering these factors, there is an increasing demand of moringa products in the market.

Based on type, the global moringa products market has been segmented into leaves & leaf powder, seeds & seed oil, and others. The leaves & leaf powder segment is anticipated to gain the largest revenue share in the global moringa products market and shall maintain lead throughout the forecast period. Moringa leaves and leaf powder are being used in various applications such as pharmaceuticals, nutraceuticals, animal feed, and others due to the health benefits offered by the plant. This is a crucial determinant that is catalyzing the growth of leaves & leaf powder segment in the global moringa products market. The same segment is expected to grow with the highest growth rate owing to the growth of end-use industries in which moringa leaves and leaf powder is used.

The global moringa products market has been segregated, by category, into organic and conventional. The conventional segment is expected to garner major share in the global moringa products market owing to the huge availability of conventional moringa products. However, the organic segment is anticipated to project a higher CAGR during the forecast period due to the rising inclination of consumers towards organic products.

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The global moringa products market has been segregated, by application, into functional food & beverages, personal care, pharmaceuticals & nutraceuticals, animal feed, and others. The pharmaceuticals & nutraceuticals segment is projected to gain largest share in the global moringa products market due to the major application of moringa products in nutraceuticals. The high antioxidant activity of moringa leaves categorize them as superfoods and play a vital role as a food supplement. However, the personal care segment is anticipated to grow with the highest growth rate during the forecast period owing to the significant growth of personal care and cosmetics sector.

Key Players:

Some of the key players in the global moringa products market are Kuli Kuli, Inc. (the US), Ancient GreenFields Pvt Ltd. (India), Organic India Pvt. Ltd. (India), Nova Nutritions (the US), Only Natural Inc. (the US), Grenera (India), Earth Expo Company (India), Moringa Source LLC (the US), Givaudan (Switzerland), and Dawn Moringa (India).

Regional Analysis:

The global moringa products market has been segmented on the basis of region, into North America, Europe, Asia-Pacific, Rest of the World.

Asia-Pacific is expected to dominate the global moringa products market owing to the large production of moringa in the region. Countries such as India, Thailand, the Philippines and Indonesia are among the largest producers of moringa in the region.

Europe and RoW moringa products market are expected to grow at a rapid pace due to the surging production and consumption of moringa products in the regions. Moreover, North America is also expected to project a significant market share owing to the increasing awareness regarding the health benefits of moringa products and increasing preference of healthy food among the consumers in the region.

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Segmentation:

The global moringa products market has been segmented on the basis of type, category, application, and region.

The global moringa products market has been divided, by type, into leaves & leaf powder, seeds & seed oil, and others

Based on category, the global moringa products market has been segregated into organic and conventional.

By application, the global moringa products market has been classified as functional food & beverages, personal care, pharmaceuticals, nutraceuticals, animal feed, and others.

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This release was published on openPR.