New York, US , May 10, 2022 (GLOBE NEWSWIRE) -- Moringa Products Market Overview:
According to a Comprehensive Research Report by Market Research Future (MRFR), “Moringa Products Market Information by Type, End user, Distribution Channel, and Region - Forecast till 2028”, the market is estimated to acquire a size of over USD 9.4 billion by the end of 2028. The report further predicts the market to thrive at a healthy CAGR of over 9.20% during the review timeframe.
Market Synopsis:
As consumers become more aware of the medicinal benefits of moringa-based products, the Moringa Products Market is predicted to develop. Moringa flowers, seeds, pods, leaves, gum, and bark contain properties that aid in the treatment of vitamin and mineral deficiencies, the maintenance of normal blood glucose levels, the support of a healthy cardiovascular and immune system, the neutralization of free radicals, and the enrichment of anemic blood. Malnutrition, general weakness, depression, menopause, osteoporosis, and arthritis, among other problems, may benefit from this. The increased demand for wheat-based foods is likely to stifle the market for moringa components. Furthermore, severe government limitations on moringa exports could impede the market's growth. It must be certified organic before being used as a nutritional supplement, which could boost Moringa Products Market Value.
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Market Competitive Dynamics:
To meet the increased demand among customers, several of the leading businesses are strategically focused on producing novel health-promoting products. To broaden their product offerings and contribute to market consolidation, key firms are focusing on releasing new moringa-based products. Due to the presence of numerous major and small manufacturers, the market is currently highly fragmented. The major key players are
- Moringa Pura Vida (Mexico)
- Kuli Kuli, Inc. (US)
- Organic India Pvt Ltd. (India)
- Only Natural Inc. (US)
- Grenera Nutrients Pvt Ltd. (India)
- Aayuritz Phytonutrients Pvt Ltd. (India)
- Moringa Initiative Ltd. (South Africa)
- NEXE (Canada)
- Green Virgin Products LLC (US)
- Dominate Industries (India)
- APEDA (India)
Market USP Covered:
Market Drivers:
The very beneficial characteristics of moringa have increased its global appeal. A higher focus on well-being and a better grasp of preventative medicine are projected to boost the moringa product industry, raising moringa market value. Moringa has been regularly included into high-end things such as oils, fragrances, and cosmetics by top producers due to its exotic nature. Because of its acceptable and safe growth methods, moringa medicinal items are predicted to grow in popularity in the next years, thanks to increased demand for organic products.
Market Restraints:
The rising global demand for moringa is now outpacing supply, which may soon limit the market forecast for moringa products. The only constraint in the moringa product market is that there is a lot of demand, and meeting that demand is sometimes impossible, which will limit the market.
Browse In-depth Market Research Report (111 Pages) on Moringa Products: https://www.marketresearchfuture.com/reports/moringa-products-market-6960
COVID-19 Analysis:
Moringa plant extracts have been shown in numerous studies to help minimize the danger of a novel coronavirus. Moringa market growth and moringa market share are predicted to improve post-COVID-19 as a result of customers' increased health concerns. Moringa is a plant that serves a range of purposes, including human nourishment and alternative medicine. Moringa has 19 amino acids in total, nine of which are necessary for biological functions. Countries all across the world import moringa primarily from India and Africa. Trade restrictions make it difficult for moringa product producers to obtain raw materials. Furthermore, the influence of the COVID-19 on logistics adds to increasing raw material prices, raising the cost of moringa products. Because of its rising application in functional foods and drinks, pharmaceuticals, and nutraceuticals, the moringa product market share is predicted to grow. The growing popularity of plant-based supplements is inspiring the development of new products, which will assist grow the Moringa Products Market.
Moringa Products Market Segmentation:
Based on the type, the market has been segmented into Oil, Seeds, Leaves, Leaf Powder, Others.
Based on the end-use, the market has been segmented into Functional Food and Beverage, Nutraceuticals, Personal Care, Pharmaceuticals, Others.
Based on the Distribution-channel, the Market has been segmented Online, Supermarket/Hypermarket, Retail Stores, Specialty Stores, Others.
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Moringa Products Market Regional Analysis:
In terms of sales, Asia Pacific emerged as the biggest market, with a value of USD 2.70 billion in 2020. Moringa's abundance in the region, combined with widespread consumption of its products such pods and leaves in India, Japan, and other countries, contributes to its regional performance. India is the world's greatest producer, and as the agricultural and food industries improve, it will certainly rise in favor as a supplement. The significant rise in research and development into the product's various potential uses creates fresh prospects for the market to thrive. Furthermore, the government is assisting in the promotion of moringa products by organizing awareness initiatives, which are expected to further drive the market.
The growing popularity of nutritional supplements among consumers has created tremendous growth potential in Europe. Germany, the United Kingdom, Italy, and the Netherlands are among the region's biggest nutritional supplement markets, with significantly higher product awareness. Drumsticks are increasingly being used in industry to make biodiesel, pharmaceutical drugs, and personal care items. Furthermore, rising consumer interest in eating a balanced diet, as well as health and fitness trends, are expected to propel the moringa products market forward.
The increased uptake of dietary supplements and functional goods to enhance overall health is driving growth in North America. Moringa oil is used in beauty products to promote moisture and wrinkle reduction, which helps to restore overall skin health. Furthermore, the United States has remained a major importer of moringa, and its increasing use as an additional source of components in various multivitamins and supplements is helping to boost its market share.
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