Report ID: SQMIG30C2074
Report ID:
SQMIG30C2074 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
91 |
Figures:
78
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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REQUEST FREE CUSTOMIZATIONMoringa 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