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Global Moringa Ingredients Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | H&C GROUP Ltd., The Himalaya Drug Company FZCO, Organic India Pvt Ltd., Moringa Initiative Ltd
Moringa Ingredients Global Market Report 2024
Moringa Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12 billion In 2028 At A CAGR Of 9.0% :
The moringa ingredients market size has grown strongly in recent years. It will grow from $7.81 billion in 2023 to $8.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to traditional medicinal use, nutritional awareness, sustainable agriculture focus, pharmaceutical applications, rise in functional foods.
The moringa ingredients market size is expected to see strong growth in the next few years. It will grow to $12 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to research and development initiatives, pharmaceutical and nutraceutical usage, functional ingredient demand, regenerative agriculture emphasis, sustainability and eco-friendly products. Major trends in the forecast period include social responsibility and fair trade, research and innovation, pharmaceutical and nutraceutical applications, functional foods and beverages, sustainable agriculture.
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Moringa Ingredients Market Major Segments
The moringa ingredients market covered in this report is segmented -
1) By Product Type: Moringa Seeds, Moringa Leaves, Moringa Fruits, Moringa Tea, Moringa Pod
2) By Form: Moringa Powder, Moringa Oil
3) By Application: Dietary Supplements, Cosmetics And Personal Care, Pharmaceuticals, Textiles And Paper, Other Applications
Key Driver - Rising Consumer Demand For Plant-Based Foods Drives Growth In Moringa Ingredients Market
The shift of customer preferences towards plant-based foods is driving the growth of the moringa ingredient market. Plant-based foods such as moringa contain high levels of protein, minerals, and antioxidants. Consumers are increasingly preferring plant-based foods to improve overall health, weight management, and eat a healthier diet. For instance, in July 2023, according to reports published by Front Office Sports, a US-based media company, there were $586 million in investments made globally in plant-based protein alone. About a third of U.S.-based consumers anticipated eating more plant-based foods, particularly protein alternatives. This behavior is most prominent in millennials, with 48% of respondents indicating definitive plans. Thus, the change in customer preferences towards plant-based foods is driving the market growth of moringa ingredients.
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Prominent Trend - Product Innovations Transforming The Moringa Ingredients Market
Major companies operating in the moringa ingredients market are developing new products such as cosmetics oils to gain a competitive edge in the market. Cosmetic oils refer to natural or synthetic oils that are utilized in various cosmetic and personal care products. For instance, in July 2023, Naturally Australian Products Inc., a US-based personal care products company, launched Moringa oleifera, renowned as a miracle tree for its nutrient-rich leaves and seeds. Sourced from a Ghanaian producer, NAP offers both moringa seed oil and moringa leaf powder. Moringa is gaining popularity in personal care due to its ecological sustainability compared to oils such as palm oil, along with its skin-friendly attributes surpassing coconut oils. The addition aligns with NAP's commitment to ethical sourcing, promoting regenerative agriculture practices, benefiting small farming families in Ghana, and contributing to environmental sustainability with over 3 million moringa trees planted. The cold-pressed moringa oil and organic moringa powder reflect NAP's dedication to high-quality, natural ingredients.
Moringa Ingredients Market Players
Major companies operating in the moringa ingredients market report are H&C GROUP Ltd., The Himalaya Drug Company FZCO, Organic India Pvt Ltd., Moringa Initiative Ltd., Grenera Nutrients Inc., Green Virgin Products LLC, Moringa Energy Life LLC, KuliKuli Inc., Saipro Biotech Pvt Ltd., Ancient Greenfields Pvt Ltd., Earth Expo Company, Ancient Greenfields Pvt Ltd., Botanica Natural Products Ltd., Aayuritz Phytonutrients Pvt Ltd., Ayur Pty. Ltd., Farmvilla Food Industries Private Limited, Shree HariRas health care center, Kangar Moringa Farm LLP, Genius Nature Herbs Pvt Ltd., The Moringa Group LLC, Nature's Superfoods LLP, Dominate Industries, HNCO Organics Private Limited, Maiam Group Companies, Dawn Moringa
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the moringa ingredient market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the moringa ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Moringa Ingredients Market Report Structure
3. Moringa Ingredients Market Trends And Strategies
4. Moringa Ingredients Market - Macro Economic Scenario
5. Moringa Ingredients Market Size And Growth
…..
27. Moringa Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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