The global moringa ingredients market size is expected to grow from $6.61 billion in 2021 to $7.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.31%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global moringa ingredient market is expected to reach $9.71 billion in 2026 at a CAGR of 8.00%.
What is the Global Moringa Ingredients Market?
The moringa ingredient market consists of sales of moringa ingredients by entities (organizations, sole traders, and partnerships) consisting of various moringa ingredients such as seeds, leaves, powder, and others. The Moringa plant is a drought-resistant tree of the family Moraceae, native to the Indian subcontinent, which contains many essential vitamins and minerals. Moringa ingredients are used in various industries such as food and beverages, pharmaceuticals and nutraceuticals, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties.
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What drives the Global 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, according to data from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI), the retail sales of plant-based foods in the US grew by 27% in 2020 over the previous year. Also, according to the 2021 Health & Wellness: Reimagining Well-being COVID-19 report, nearly 48% of consumers look for foods and drinks labelled plant-based. Thus, the change in customer preferences towards plant-based foods is driving the market growth of moringa ingredients.
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Global Moringa Ingredients Market Segments
The global moringa ingredients market is segmented:
By Product Type: Moringa Seeds, Moringa Leaves, Moringa Fruits, Moringa Tea, Moringa Pod
By Form: Moringa Powder, Moringa Oil
By Application: Dietary Supplements, Cosmetics and Personal Care, Pharmaceuticals, Textiles and Paper, Others
By Geography: The regions covered in the moringa ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Moringa Ingredients Global Market Report 2022provides market size and growth forecasts for the global moringa ingredients market, global moringa ingredients market share, moringa ingredients market segments and geographies, moringa ingredients market competitive landscape including leading competitors’ revenues, profiles and market shares. The moringa ingredients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Moringa Ingredients Industry Playersinclude Grenera, Kuli Kuli, Ancient Greenfields Pvt Ltd (AGF), Green Virgin Products LLC, Organic India Pvt. Ltd., Aayuritz Phytonutrients Pvt. Ltd, Moringa World, NTC Phytochem, Moringa Inc, New Direction Australia, Ayur Pty Ltd, Farmvilla Food Industries Private Limited and Dominate Industries. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
