USD 7.3 billion
Report ID:
SQMIG30C2074 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
91
|Figures:
78
Moringa Ingredients Market size was valued at USD 7.3 billion in 2019 and is poised to grow from USD 8.03 billion in 2023 to USD 15 billion by 2031, growing at a CAGR of 10% in the forecast period (2024-2031).
The demand for moringa ingredients is driven by the availability of a wide variety of product applications across food & beverages, dietary supplements, pharmaceuticals, wastewater treatment, and animal feed industry along with their increasing consumption. Moringa ingredients contain the part such as moringa bark, seeds, pods, flowers, leaves and others which are derived from the moringa tree for their nutritive properties. These ingredients are a rich source of nutrients like proteins, carbohydrates, calcium, phosphorus, potassium, iron, vitamins, and other bioactive compounds. The market growth is supported by the continuously growing food & beverages sector. Also, the rising awareness about the nutritive properties of moringa ingredients is supporting its growth in the market. The market growth is also increasing due to increasing awareness among people about the health benefits of moringa consumed through a variety of products like dietary supplements, functional foods, tea, and others.
The moringa ingredients cultivation in the Indian market is estimated to exhibit potential growth over the forecast period. The market growth is supported by continuous advancing agricultural practices by farmers of the country due to expanding automotive reach and learnings in the agricultural sector. The farmers are upgrading their traditional practices of cultivation with advanced practices which are helping them in increasing their income value.
US Moringa Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.3 billion
Largest Segment
organic
Fastest Growth
organic
Growth Rate
10% CAGR
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Moringa Ingredients Market is segmented based on Source, Origin, Application, and region. Based on Source the segment is divided into Leaves, Seed, Roots, Flowers, and others. Based on origin, it is segmented into Organic and Conventional. Based on Application, it is segmented as Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care and Others. Based on the Region it is segmented as North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain), Asia Pacific (China, Japan, Australia, India), Middle East and Africa (South Africa, Saudi Arabia, UAE), Latin America (Brazil, Argentina).
Moringa Ingredients Market Analysis by Source
Based on Source the segment is divided into Leaves, Seed, Roots, Flowers, and others. The leaves segment dominates the market and accounted for the maximum revenue share of 45.2% in the base year 2021. As the leaves are rich in mineral, vitamins, and other essential phytochemical such as tannins, sterols, terpenoids, flavonoids, saponins, anthraquinones, and alkaloids, these nutritive properties are spreading awareness of leaves and its powder. The seed segment accounted for a revenue share of about 34.0% in 2021. These seeds are basically derived from the pods/fruits of the moringa tree. The moringa seed contains edible oil which is commercially known as “Ben oil” or “Behen oil.” This oil is used in salad dressing and cooking and can be used as a replacement for olive oil.
Moringa Ingredients Market Analysis by Origin
Based on origin, it is segmented into Organic and Conventional. The organic segment dominated the market and is projected to exhibit the fastest CAGR of 10.6%. The major ingredients contributing to the fastest growth of organically cultivated moringa are commonly inclusive of organically grown matured fruits/pods, leaves, flowers, and roots. The organic origin ingredients are safer for human consumption as compared to their conventional counterparts.
Moringa Ingredients Market Analysis by Application
Based on Application, it is segmented as Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care and Others. The food & Beverage segment accounted for the maximum revenue share of 53.4% in 2021. The maximum share in the market is contributed by segments such as ready-to-cook product ranges such as moringa powder & moringa tea, and ready-to-eat like moringa chocolates, cakes, juices, and lattes. The growth in the food & Beverage sector is supported by the nutritional properties of moringa ingredients including pods/seeds, leaves, flowers, barks, honey, and roots. According to an article published by the US National Library of Medicine from the National Institutes of Health, moringa oleifera contains four times more calcium than milk, four times more vitamin A than carrots, Seven times more vitamin C than orange.
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Asia Pacific dominated the market and accounted for the largest revenue share of 45.8% in 2021. It is also anticipated to exhibit the fastest growth during the forecast period. Due to favourable weather conditions for moringa farming, India is the major country cultivating and supplying moringa in the global market. The rising learning practices among farmers along with the technological advancement in the agricultural practices are supporting the regional market value. In developing countries like China and India due to urbanization it drives demand for functional food. The growing awareness among the urban population about the health benefits associated with the moringa ingredients is contributing to the revenue share and continuous development. According to the minister, the Tamil Nadu State in India accounts for 24% of world moringa production and the state is home of six out of 13 popular moringa varieties across the globe.
Middle East & Africa follows the Asia Pacific and accounted for more than 17.9% of the revenue share in 2021. This is due to moringa-producing countries like Ethiopia, Sudan, Northern Kenya, Somalia, Ghana, Mozambique, these countries are having suitable weather and soil conditions for the cultivation of moringa. Due to unfavourable economic and weather conditions of some of the native countries for the import and production of other nutritional ingredients, the regional population has a high dependency on the moringa crop for income as well as nutrition. Europe is exhibiting tremendous growth opportunities owing to huge popularity for nutritional supplements among the consumers. North America is showcasing growth prospects, owing to the high adoption of dietary supplements and functional products to support overall health.
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Moringa Ingredients Market Drivers
Rise of Conscious Consumption to Boost Market Growth
Moringa Ingredients Market Restraints
Lack of Awareness to Hinder Market Growth
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The moringa ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the moringa ingredients market.
Moringa Ingredients Market Top Player's Company Profiles
Moringa Ingredients Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Moringa Ingredients Market analysis, the annual consumption is expected to surpass 2.5 million tons by 2025. Increasing demand for food supplements owing to rising awareness about nutrition, growing geriatric population, hectic lifestyle and rising disposable income shall foster the moringa ingredients industry landscape.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.3 billion |
Market size value in 2031 | USD 15 billion |
Growth Rate | 10% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Moringa Ingredients Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Moringa Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Moringa Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Moringa Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Moringa Ingredients Market size was valued at USD 7.3 billion in 2019 and is poised to grow from USD 8.03 billion in 2023 to USD 15 billion by 2031, growing at a CAGR of 10% in the forecast period (2024-2031).
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Report ID: SQMIG30C2074
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