Market Research Report
Moringa Ingredients - Global Market Outlook (2020 - 2028)
|Moringa Ingredients - Global Market Outlook (2020 - 2028)|
Published: August 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Moringa Ingredients Market is accounted for $4,254.06 million in 2020 and is expected to reach $8,601.71 million by 2028 growing at a CAGR of 9.2% during the forecast period. Some of the key factors propelling the market growth include increasing demand for plant-based cosmetic products, rising demand for food supplements on account of increasing geriatric population, growing disposable income, and rising demand for hair & skin potions. However, stringent government regulations may restrict the market growth.
Moringa ingredients derived from moringa oliefera plant are extremely nutritious and have many health uses. It is also recognized as drumstick tree, horseradish tree or ben oil tree. All the parts of moringa tree are eaten or used as ingredients for moringa products such as seeds can be used for the production of oil, the pod is used in medicines and also as human consumption, furthermore, the leaf can be used as animal feed. It is widely cultivated for its young seed pods and leaves used as vegetables.
By application, the food and beverages segment is expected to grow at the significant rate throughout the forecast period, due to the altering lifestyle, the extensive usage of these ingredients in beverages as well as in food products, the predilection for energy drinks, fruit juices among consumers due to its nutritional benefits, and customer knowledge regarding the relationship between health, nutrition, and food has developed.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, owing to the rapid urbanization, abundant availability of raw materials, rising consumer leaning toward workouts, and growing utilization of food supplement products among consumers.
Some of the key players in Moringa Ingredients Market include Kuli Kuli, Inc., Connoils LLC, Grenera.com, Sarvaayush Ayurved & Herbals, Dominate Industries, Ancient Greenfields PVT LTD., Moringa Initiative Ltd, Santan International, Earth Expo Company, Organic India Pvt Ltd, Herbs & Crops Overseas, Saipro Biotech Private Limited, Himalaya Healthcare, Genius Nature Herbs Private Limited, The Mito Group, Green Earth Products Pvt. Ltd, and Bioprex Labs.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.