Press release
Moringa Supplements Market Size Worth USD 2.9 Billion in 2031
Increasing Health Complications Due to Iron DeficiencyThe moringa supplements market is expected to rise at a CAGR of 8% from 2021 to 2031. The moringa supplements market is estimated to cross the valuation of US$ 2.9 Bn by 2031. Anemia is a serious problem caused due to the deficiency of iron in the body. Increasing incidences of infectious diseases and dizziness in children and women are driving the demand for iron supplements, which, in turn, drives the global moringa market growth. Moringa supplements are plant-based, and hence gaining popularity due to acceptance of veganism across the globe.
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Inexpensive Moringa Cultivation to Attract More Market Players
The moringa plant is an economical plant, as the plant's seeds, leaves, and roots are all used for making supplements. Manufacturers utilize most part of the moringa plant for making supplements, which reduces wastage. Therefore, it is known as the "wonder tree".
Moreover, moringa plants need low maintenance, as they can grow in drought-prone areas. According to a study conducted by leading scientists, it was found that moringa farms incurred an expense of US$ 0.013 to accrue a benefit of US$ 0.040, i.e. approximately more than 200% of the investment.
India, a native producer of moringa, cultivates 2.2 million tons of moringa fruit from 43,600 ha, which leads to a productivity of around 51 tons per ha, which is likely to grow due to technological advancements and the low maintenance needs of the moringa plant
Health Benefits Offered by Moringa to Drive Market Growth
Moringa supplements are derived from moringa plants, which belong to the monogeneric family moringaceae, and known for the nutritive value of their pods, leaves, and seeds. Moringa twigs, leaves, stems, and seeds are rich in protein content. Additionally, moringa supplements are a good source of vitamin A, vitamin B, and C, and minerals such as iron.
Moreover, it has been found that moringa supplements contain more vitamin A than carrot, more calcium than milk, more iron than spinach, more vitamin C than oranges, and more potassium than a banana, and are, therefore being consumed for general weakness, malnutrition, menopause, depression, osteoporosis, and other diseases. Lactating mothers are also significant consumers of the product.
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Use of Moringa in Manufacturing Sports Nutrition Products to Offer Growth Opportunities
Supplements are essential for athletes to increase their performance, and fast recovery from fatigue and injury. Although athletes need natural foods, supplements such as moringa supplements are still valued highly for the added boost they provide in terms of nutrition.
Moringa supplements contain antioxidants and prevent damage to muscle tissue, liver, and blood, which directly improves the athlete's performance and fitness.
Untapped Potential in Global Market to Augment Sales of Moringa Supplements
Moringa is a native plant in South Asian countries, and is majorly planted in India, Pakistan, Sri Lanka, and other countries in the region. However, the demand for moringa supplements is global, creating vast potential for local manufacturers of the supplements, and growers of the plant.
The expansion of the moringa supplements market globally will help companies generate more revenue from untapped markets, as moringa is considered a superfood and is high demand globally.
Increasing Health Complications Due to Iron Deficiency
The moringa supplements market is expected to rise at a CAGR of 8% from 2021 to 2031. The moringa supplements market is estimated to cross the valuation of US$ 2.9 Bn by 2031. Anemia is a serious problem caused due to the deficiency of iron in the body. Increasing incidences of infectious diseases and dizziness in children and women are driving the demand for iron supplements, which, in turn, drives the global moringa market growth. Moringa supplements are plant-based, and hence gaining popularity due to acceptance of veganism across the globe.
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Moringa Supplements: Market Frontrunners
The work centric lifestyles and the need for making healthy life choices are causing a surge in the demand for dietary supplements globally. Moreover, rising living standards, consumers' life expectancy, disposable incomes, and growing awareness are cogently increasing the consumption of supplements such as those derived from moringa.
In the global market, organic moringa supplements are anticipated to expand at CAGR of 9.2% during the forecast period. More than 70% share of the market is held by moringa supplements that are manufactured using the leaves.
Overall, the market for moringa supplements is valued over US$ 1.3 Bn in 2021, and is anticipated to reach a market value of US$ 2.9 Bn by 2031, at a CAGR of 8% during the forecast period
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