Press release
Global Moringa Extract Market to Surpass $10.65 Billion by 2031
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According to the latest findings by Meticulous Research®, the Global Moringa Extract market is poised to achieve a valuation of $10.65 billion by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 9.8% from 2024 to 2031. The upward trajectory can be attributed to the escalating demand for natural and plant-based supplements, a surge in health and wellness awareness among consumers, and an increasing preference for natural and organic ingredients. However, factors such as limited awareness about moringa extract benefits and a lack of regulatory standards pose challenges to market growth.
The burgeoning interest in incorporating moringa extract as a functional ingredient in the food and beverage sector presents lucrative opportunities for key industry players. Additionally, the discernible trend of consumer preference for superfoods further augments the growth prospects of the moringa extract market.
Key Industry Players
Prominent players contributing to the global moringa extract market include Medikonda Agro Farms Private Limited (India), Taiyo GmbH (Germany), Sabinsa Corporation (India), Botanic Healthcare Group (India), Phyto Life Sciences Private Limited (India), S.A. Herbal Bioactives LLP (India), Allpure Organics (India), Alpspure Lifesciences Private Limited (India), Himalayan Herbaria Inc. (India), Hunan New Mstar Biotechnology Co., Ltd. (China), Vedaoils Private Limited (India), and Victoriafalls Ingredients Pvt. Ltd (India).
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Market Segmentation
The global moringa extract market is meticulously segmented based on type (moringa leaf extract, moringa seed extract, moringa bark extract, and moringa root extract), form (powder and liquid), application (food & beverage, cosmetics & personal care, pharmaceuticals, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).
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The report underscores that the moringa leaf extract segment is anticipated to dominate the global moringa extract market in 2024, driven by its widespread availability of raw materials and growing demand across diverse industries. Consumer awareness about the nutritional benefits of moringa leaf extracts, rich in vitamins, minerals, and antioxidants, further propels market growth.
Moreover, the powder segment is projected to witness a higher CAGR during the forecast period (2024-2031) due to its increasing applications in the food and beverage industry. Powdered moringa extract offers versatility, making it easily incorporable into various products, and its convenience in transportation and storage enhances its popularity among manufacturers.
Geographical Outlook
North America is anticipated to register the highest CAGR during the forecast period, owing to the rising awareness among consumers about the benefits of natural-derived extracts like moringa. Factors such as the burgeoning consumer preference for superfoods, increased health-consciousness, and a growing vegetarian population contribute to the robust growth of the moringa extract market in North America.
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Key Insights and Queries Addressed
The report answers pivotal questions such as historical market sizes, growth rates, and future projections for the global moringa extract market. It delves into the factors impacting market growth at regional and country levels, outlining opportunities for both existing players and new entrants.
Furthermore, the report provides insights into the segments poised to create traction in the market, key geographical trends, major players, and recent strategic developments shaping the global moringa extract market.
Mr. Khushal Bombe
Meticulous Market Research Inc.
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