The moringa ingredients market is seeing robust growth, rising from $7.81 billion in 2023 to $8.5 billion in 2024, reflecting a CAGR of 8.8%. This growth is attributed to rising nutritional awareness and expanding pharmaceutical applications. By 2028, the market is projected to reach $12 billion, with a CAGR of 9.0%. Trends driving this growth include increased research and development and a focus on sustainability.
Major Driver In The Moringa Ingredients Market
The burgeoning preference for plant-based foods is driving growth within the moringa ingredient market. Plant-based alternatives, such as moringa, offer high levels of protein, minerals, and antioxidants, appealing to consumers seeking healthier dietary options. Notably, investments in plant-based protein reached $586 million globally, highlighting the growing consumer interest in protein alternatives. A significant portion of U.S. consumers, particularly millennials, expresses a strong inclination towards incorporating more plant-based foods into their diets. This shift in consumer preferences underscores the surging demand for moringa ingredients, signaling promising growth prospects for the market. Forecasts for market size in 2023, 2024, and 2028 underscore the market's favorable trajectory.
Request A Free Sample Of The Global Moringa Ingredients Market Report
Moringa Ingredients Market Competitive Landscape
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
Key Moringa Ingredients Market Trend
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.
Get The Full Global Moringa Ingredients Market Report
Moringa Ingredients Market Segmentation
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
By Geography:The regions covered in the moringa ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the moringa ingredient market in 2023.
The Moringa Ingredients Global Market Report 2024 furnishes information about the global moringa ingredients market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
