Moringa Products Market 2019 Globally Market Caught CAGR Of 12.9% Forecast By 2026

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. The first five-year cumulative revenue (2019-2023) is projected to be over US$ 41 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.

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.

Global Moringa Products Market: Driving Factors

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.

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Global Moringa Products Market: Segmental Snapshot

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:

Among the product segments, the Moringa leaves and leaf powder segment is expected to contribute major revenue share to the global market, and is expected to maintain its dominance over the forecast period. The Moringa leaves and leaf powder segment is projected to register highest CAGR over 13% over the next ten years.

By Application:

Among the application segments, the dietary supplements/nutraceuticals segment accounts for highest share in terms of revenue in the global market. Rising focus and concern related to weight management among working professionals in developing and developed countries, coupled with increasing number of brand campaigns by nutritional product manufacturers are factors expected to drive revenue growth of this segment to a significant extent.

By Region:

The market in Asia Pacific is expected to register considerable growth in terms of revenue over the forecast period. Growing food industry, shifting consumer preference towards nutritious foods, and changing lifestyles are among some of the major factors expected to drive growth of the market in the region. Increasing inclination towards workouts and rapid urbanization is resulting in changing food consumption patterns and preferences, and rising consumption of dietary supplements, coupled with rising awareness about benefits of Moringa-based products among consumers are among other major factors expected to support growth of the market in Asia Pacific.

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.

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