- Growing demand for moringa in cosmetic & personal care products.
- Owing to its advantages such as reduction of large pores, slows down aging, helps in removing toxins, fights acne, and others.
- Is expected to drive revenue growth of moringa products market over the forecast period.
The global moringa products market is estimated to value over $6 billion in 2019, and is projected to register a CAGR of 12.9% in terms of revenue over the forecast period. The first five-year cumulative revenue (2019–2023) is projected to be over $41 billion, which is estimated to increase moderately over the latter part of the five-year forecast period.
Moringa is the sole genus in the flowering plant family Moringaceae. The name is derived from murungai, Tamil word for drumstick.
Increasing awareness about medicinal benefits of Moringa and Moringa-based products is expected to support growth of the target market over the forecast period. Moringa leaves, pods, seeds, gum, bark, and flowers have properties to relieve mineral and vitamin deficiencies, support a healthy cardiovascular system, promote normal blood-glucose levels, neutralize free radicals, provide excellent support to the body’s anti-inflammatory mechanisms, enrich anemic blood, and support the immune system.
Among the product segments, the Moringa leaves and leaf powder segment is expected to contribute major revenue share to the global market, and is expected to maintain its dominance over the forecast period. The Moringa leaves and leaf powder segment is projected to register highest CAGR over 13% over the next ten years.
Among the application segments, the dietary supplements/nutraceuticals segment accounts for highest share in terms of revenue in the global market. Rising focus and concern related to weight management among working professionals in developing and developed countries, coupled with increasing number of brand campaigns by nutritional product manufacturers are factors expected to drive revenue growth of this segment to a significant extent.
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North America market accounted for major share in terms of revenue in the global Moringa products market in 2018. Growing awareness regarding various health benefits offered by Moringa products is major factor expected to drive growth of the Moringa products market in North America over the forecast period.
The research report on the global Moringa products market includes profiles of major companies such as Ancient Greenfields Pvt. Ltd. (AGF), Earth Expo Company (EEC), Grenera Nutrients Pvt. Ltd., Kuli Inc., Genius Nature Herbs Private Limited, Herbs & Crops Overseas, Saipro Biotech Private Ltd., Shanker Herbal Care, ORGANIC INDIA Pvt. Ltd., Himalaya Global Holdings Ltd. (The Himalaya Drug Company), Vedha Farms (Miracle Tree Life Science), Maiam Group Companies, Ignitive Impex Private Limited, Remedy Labs, Inc., and Green Era Foods & Nutraceutics.