Wilmington, Delaware, Nov. 23, 2023 (GLOBE NEWSWIRE) -- Global Moringa Oil Market is valued at US$ 6.7 billion in 2023 and is expected to grow at a significant CAGR of over 9.5% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
Moringa oil is a highly nutritious and versatile vegetable oil extracted from the seeds of the Moringa oleifera tree, often referred to as the "drumstick tree" or "horseradish tree." This tree is native to parts of Asia and Africa and is renowned for its various culinary, medicinal, and industrial applications. Moringa oil is commonly used for its exceptional nutritional properties and is valued for its potential health benefits, as well as its applications in the beauty and cosmetic industry.
Growing awareness among consumers about the health and beauty benefits of moringa oil has led to increased demand for products containing this oil. Consumers are becoming more conscious of using natural and organic ingredients in their skincare and haircare routines.
- According to a deep-dive market assessment by RationalStat, the global moringa oil market has been analyzed on the basis of market segments, including extraction method, nature, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global moringa oil market covers market sizes on the basis of market value (US$/EUR Million) and volume (Liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global moringa oil market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Moringa Oil Market: Segmental and Market Share Analysis
- On the basis of end user, personal care & cosmetic is expected to dominate the moringa oil market, primarily due to the wide benefits associated with the use of moringa oil, and the rising demand for natural and organic beauty products.
- On the basis of nature, organic is expected to experience significant growth.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 6.7 billion |
| Market Size Forecast | US$ 12.6 billion |
| Growth Rate | 9.5% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players and suppliers operating and contributing significantly to the global moringa oil market growth include Ancient Greenfields PVT LTD, Grenera Nutrients Private Limited, The Moringa Group, Earth Expo Company, Green Virgin Products, Aayuritz Phytonutrients Pvt.Ltd, True Moringa, Moringa Connect, Mr. Nature’s, and Organic India, among others.
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RationalStat has segmented the global moringa oil market based on extraction method, nature, end user and region
- Global Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Extraction Method
- Cold Press
- Soxhlet Extraction Method
- Supercritical Fluid Extraction
- Microwave Assisted Extraction (MAE)
- Others
- Global Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Nature
- Conventional
- Organic
- Global Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by End User
- Personal Care & Cosmetic
- Food & Beverage
- Pharmaceutical
- Industrial
- Others
- Global Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Region
- North America Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Moringa Oil Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Moringa Oil Report:
- What will be the market value of the global moringa oil market by 2030?
- What is the market size of the global moringa oil market?
- What are the market drivers of the global moringa oil market?
- What are the key trends in the global moringa oil market?
- Which is the leading region in the global moringa oil market?
- What are the major companies operating in the global moringa oil market?
- What are the market shares by key segments in the global moringa oil market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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