The moringa ingredients market was valued at US$ 4,254.06 million in 2020 and is projected to reach US$ 7,307.17 million by 2028; it is expected to grow at a CAGR of 7.1% from 2021 to 2028.
The moringa plant, often called a drumstick tree, has numerous health benefits. Moringa ingredients such as leaf powder, moringa oil, and moringa seeds are extensively used across various industries such as food & beverages, pharmaceutical and nutraceutical, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties. Moreover, moringa contains nutrients such as vitamin A, vitamin B2, vitamin B3, calcium, potassium, iron, magnesium, zinc, and ascorbic acid. Moringa ingredients protect and nourish skin and hair, help to treat edema, protect the liver, and help in treating certain cancers. They also aid the digestion process and help in treating stomachache.
The key players operating in the moringa ingredients market include Dominate Industries, Moringa Initiative Ltd, Green Era Foods & Nutraceutics, Sarvaayush Ayurved & Herbals, Earth Expo Company, Saipro Biotech Private Ltd., Connoils LLC, Santan International, All Herbscare, and Herbs and Crops Overseas. The major players in the moringa ingredients market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
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Market Insights
Rising Awareness About Health Benefits of Moringa-Based Products
Moringa powder is known as highly nutritious food as it comprises numerous healthy compounds such as vitamin B1, folate, vitamin A, calcium, potassium, zinc, and iron. Furthermore, the product does not contain cholesterol and is also very low in terms of fats. Moringa is usually a part of Indian cuisine. However, the popularity of moringa ingredients is increasing day by day globally due to its nutritional profile and health benefits offered by the same. Also, consumers are getting aware of these products, which is further propelling the market growth. The growing demand for superfood and food supplements is further expected to boost the need for moringa ingredients. Moreover, the rising awareness of the medical advantages of using moringa-based products is fueling the product demand. Consumption of plant-based products having less significant side effects also has gained immense popularity in the last few years. Moringa is rich in micro and macronutrients, including carbohydrate, protein, calcium, iron, phosphorus, potassium, beta carotene, and vitamins, along with other bioactive compounds, which are substantial for the prevention of certain diseases and helping in the normal functioning of the human body.
Type Insights
Based on type, the moringa ingredients market is categorized into leaves and leaf powder, seeds, oil, and others. The leaves and leaf powder segment accounted for the largest market share in 2020, and the oil segment is expected to register a higher CAGR in the market during the forecast period. Both moringa leaves and leaf powder are rich sources of nutrients. The moringa leaf powder is made from naturally dried moringa leaves. The moringa leaf powder is widely known to boost curries, soups, stews, salads. It has a green spinach flavor. The moringa leaf powder is a 25% plant protein that includes all nine essential amino acids such as isoleucine, histidine, valine, leucine, tryptophan, methionine, threonine, lysine, and phenylalanine. …
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In 2020, Asia Pacific contributed to the largest share in the global moringa ingredients market. The major factors fueling this region’s growth include the region’s large-scale production and domestic consumption of moringa ingredients, which is propelled by food & beverage manufacturers’ inclination toward product innovation through the introduction of novel ingredients to cater to the customer indulgence. In addition, the growing consumer awareness regarding the health and nutritional benefits of moringa is one of the significant factors driving the market in developing nations such as China, India, and the Philippines. Additionally, a change in the dietary choices of consumers is also expected to increase the demand for the product on account of the increasing trend of veganism that is paving the path for plant-based food products. Further, the presence of a large number of moringa ingredients manufacturers is also boosting the market growth in the region.
Moringa Ingredients Market – by Type
Leaves and Leaf Powder
Seeds
Oil
Others
Moringa Ingredients Market – by Category
Organic
Conventional
Moringa Ingredients Market – by Application
Food and Beverages
Personal Care
Pharmaceutical and Nutraceutical
Others
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