At 8.5% CAGR, the global moringa products market is estimated to accumulate US$ 9,290.1 million by 2027, says The Insight Partners

According to The Insight Partners' research, the global moringa products market was valued at US$ 4,506.6 million in 2018 and is projected to be worth US$ 9,290.1 million by 2027, growing at a CAGR of 8.5% during 2019-2027. The crucial factors credited for this expansion are the high nutritive and medicinal properties of moringa and growing application of moringa in the cosmetics industry.

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Almost all parts of the moringa tree are eaten or used as ingredients in traditional herbal medicines. The leaves and pods are commonly eaten in parts of Africa and India. In Western countries, the dried leaves are usually sold as dietary supplements, either in capsule or powdered form. Compared to the leaves, the pods have lower mineral and vitamin content; however, they are rich in vitamin C. The diet of people in the developing nations usually lacks vitamins, minerals, and protein. Moringa products serve to be a vital source of many essential nutrients and antioxidants. Antioxidants are compounds acting against free radicals in the body.

Moringa is best known among the 13 species of the genus Moringaceae family. The Romans, Egyptians, and Greeks have extracted edible oil from the seeds, which is used in skin lotions and perfumes. The ancient Egyptians used the oil extracted from moringa as a potent cure for skin disorders. Moringa oil is rich in essential fatty acids, which make it an ideal moisturizing agent as well as healing and soothing emollient for dry, rough skin; it thus can also be used in therapeutic massages. Perfume manufacturers approve the oil for its high power to absorb and retain even the most fugitive odors and its stability. The fatty acid composition of moringa oil is similar to that of olive oil. It is light and quickly spreads on skin, making it suitable in massage and aromatherapy, wherein it is used as a carrier oil. Thus, moringa oil is increasingly used in making lotions, creams, balms, scrubs, body oils, and hair care formulations.

On the other hand, the side effects of exposure to moringa during pregnancy will likely hinder market growth over the forecast timeframe.

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Based on product gamut, the global moringa products marketplace is split into leaf powder, tea, oil, seeds, and others. Among these, the leaf powder segment held 34.7% of the market share in 2018. The segment was valued at US$ 1,564.8 million in 2018 and is anticipated to garner US$ 3,209.9 million by 2027, expanding at 8.4% CAGR during 2019-2027.

As per application scope, the moringa products market sphere is arrayed into dietary supplements, pharmaceuticals, cosmetics, and others. Among these, the dietary supplements segment accounted for 39.2% of the market share in 2018. The segment was evaluated at US$ 1,766.2 million in 2018 and is expected to accrue US$ 3,592.8 million by 2027, growing at 8.3% CAGR over 2019-2027.

From the regional frame of reference, the Asia Pacific market held a significant share in the global moringa products market. It was assessed at US$ 1,688.8 million in 2018 and is anticipated to be worth US$ 3,455.9 million by 2027 by 2027. Meanwhile, the North America market is likely to record a stellar growth rate of 8.8% CAGR during 2019-2027 and amass US$ 2,248.2 million by 2027.

Leading players profiled in the global moringa products market report are Aayuritz Phytonutrients Pvt. Ltd; Botanica Natural Products; Kuli Kuli, Inc.; Moringa Malawi; Mosagri, Lda; Organic India Pvt Limited; Ancient Greenfields Pvt. Limited; Earth Expo Company; Green Virgin Products LLC; and Moringa Initiative Limited.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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