PUBLISHER: Meticulous Research | PRODUCT CODE: 1576508
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576508
Moringa Extract Market by Type (Moringa Leaf Extract, Moringa Seed Extract, Moringa Bark Extract, Moringa Root Extract), Form (Powder, Liquid), Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals), and Geography-Forecast to 2031
According to the research report titled, 'Moringa Extract Market by Type (Moringa Leaf Extract, Moringa Seed Extract, Moringa Bark Extract, Moringa Root Extract), Form (Powder, Liquid), Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals), and Geography-Forecast to 2031,' the moringa extract market is projected to reach $10.65 billion by 2031, at a CAGR of 9.8% during the forecast period 2024-2031. The report provides an in-depth analysis of the moringa extract market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the moringa extract market is driven by the growing demand for natural & plant-based supplements, increasing health and wellness trends among consumers, and rising demand for natural and organic ingredients. However, limited awareness about the benefits and uses of moringa extract and the lack of regulation and quality standards for moringa extract are factors restricting the growth of this market to some extent.
The growing interest in moringa extract as a functional ingredient in the food and beverage industry is expected to generate market growth opportunities for the stakeholders operating in this market. Furthermore, the rising consumer preference for superfoods is a major trend in the moringa extract market.
The key players operating in the moringa extract market are 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).
Based on type, the moringa extract market is segmented into moringa leaf extract, moringa seed extract, moringa bark extract, and moringa root extract. In 2024, the moringa leaf extract segment is expected to account for the largest share of the global moringa extract market. The large market share of this segment is attributed to factors such as easy and abundant availability of raw materials and growing demand for moringa leaf extracts in various industries, including dietary supplements, pharmaceuticals, cosmetics, and food and beverages. Moreover, rising awareness about the nutritional and health benefits of moringa leaf extracts, as it is rich in vitamins, minerals, and antioxidants, and the inclination of consumers toward natural and organic food products for well-being are further expected to drive the demand for moringa leaf extract across the globe.
Based on form, the moringa extract market is segmented into powder and liquid. The liquid segment is projected to register the highest CAGR during the forecast period. The fast growth of this segment is mainly due to its growing applications in the food & beverage industry, increased demand for moringa powder from the supplements industry, and the longer shelf life of powdered extract compared to liquid extract. Powdered moringa extract can be easily incorporated into various food and beverage products, making it convenient for manufacturers to include it in their offerings. In addition, it is easy to transport and store compared to the liquid form, further driving its popularity among several product manufacturers.
Based on application, the moringa extract market is segmented into dietary supplements, food & beverage, cosmetics & personal care, pharmaceuticals, and other applications. In 2024, the dietary supplements segment is expected to account for the largest share of the global moringa extract market. The large market share of this segment is attributed to the growing global dietary supplements industry and increasing demand for natural and plant-based ingredients in the dietary supplements industry. Moreover, the increasing focus on preventive healthcare, rising consumer awareness regarding the benefits of moringa-based supplements, and increasing consumer focus on health and wellbeing are further expected to drive the growth of the moringa extract market for dietary supplements.
Moreover, this segment is projected to register the highest CAGR during the forecast period of 2024-2031. The rapid growth of this segment is attributed to rising consumer preference for natural and organic supplements. Additionally, the increasing prevalence of lifestyle diseases and a growing aging population are also anticipated to surge the demand for moringa extract in dietary supplements.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. North America is slated to register the highest CAGR during the forecast period of 2024-2031. The fast growth of this region is mainly attributed to the increasing demand for moringa extracts among several industries due to the rising awareness among consumers regarding the benefits of natural-derived extracts such as moringa. Moreover, the rapidly growing dietary supplement industry, growing consumer preference for superfoods, increasing health-conscious consumers, increased focus on preventive healthcare, and a growing vegetarian population are further expected to support the high growth of the moringa extract market in North America.
Moringa Extract Market Assessment-by Type
Moringa Extract Market Assessment-by Form
Moringa Extract Market Assessment-by Application
Moringa Extract Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)