Moringa Ingredients Market

Moringa Ingredients Market Growth and Forecast (2022 - 2027):

The Global Moringa Ingredients Market size was valued to be USD 70.59 million in 2021 and is anticipated to record a CAGR of 8.8% throughout the calculated period 2022 - 2027.

Market Overview:

The Moringa ingredients derived from the Moringa plant are extremely nutritious and have many health uses. All parts of moringa can be used as ingredients, for instance, seeds can be used for oil production, the pod is used in medicine and also for human consumption, and in addition, the leaf can be used as animal feed and also in various health products. Moringa flower tea is considered to have nutritional benefits and is a potent medication. Its leaves contain many anti-aging compounds that reduce the consequences of oxidative stress and inflammation, including chlorogenic acid, quercetin, beta-carotene, polyphenols, and vitamin C.

Recent Developments in Moringa Ingredients Industry:

1. In February 2019, all new brand of natural luxury health and wellness products has been launched by Moringa. The company never compromises on quality, from seeds to plant extracts.
2. In January 2019, Kuli Kuli, maker of nutritional bars, powders and beverages containing 'superfood' African moringa, closed the $ 5 million Series B funding round led by Griffith Foods and the Kellogg Co. venture capital fund of eighteen 94.

REPORT COVERAGE:

Market Drivers and Restraints:

Moringa powder is measured as a highly nutritious food and includes various healthy compounds like Vitamin B1, Vitamin A, Calcium, Potassium, Folic Acid, Zinc and Iron. Also, the product does not contain harmful cholesterol and is also very low in fat. Moringa is an important part of Indian cuisine. The growing demand for dietary supplements due to the increasing geriatric population, increasing disposable income and increasing nutritional awareness is expected to drive demand in the Asia Pacific. The increasing demand due to its low price and nutritional properties is driving the growth of the industry. In addition, the constantly changing socioeconomic status, the consumer has now become more anxious about their health. Consuming natural plant-based products with less significant side effects has gained immense popularity in recent years. Plus, it has a powerful reach for foods that can impart health benefits beyond conventional nutrients. Moringa, commonly known as a mortar, has great medicinal and nutritional benefits. The product is rich in micro and macronutrients such as carbohydrates, proteins, phosphorous, calcium, iron, potassium, beta-carotene, vitamins and other bioactive compounds that are important for the prevention of certain diseases and the normal functioning of the body.

All parts of the moringa tree, such as seeds, leaves, flowers and roots, are suitable for animal and human consumption. The leaves, rich in minerals, proteins, antioxidants and β-carotene compounds, are used not only for animal and human nutrition, but also in traditional medicine. Also, moringa oil could be a good alternative to olive oil in food, in addition to non-food applications such as cosmetics, biodiesel, and lubricants for exquisite machinery. The product is expected to experience massive gains in demand due to its rich nutritional properties. It contains a protein necessary for tissue deficiency and growth. The product contains a large amount of amino acids and crude proteins compared to soy. In addition, it also benefits lactating mothers and pregnant women with vitamin A and E deficiency to improve their children's diet by consuming powdered leaves.

Moringa Ingredients Market Segmentation Analysis:

The moringa ingredients market is classified according to its application in food and beverages, cosmetics and personal care, pharmaceutical and others. The segment of cosmetics and personal care is registered a significant participation of 19.7% in terms of income due to the intensive use of the product due to its moisturizing properties and the benefits associated with skin stimulation. Collagen useful in reducing fine lines, sagging skin and wrinkles. On the other hand, the agri-food applications segment is expected to experience significant demand as customer knowledge of the relationship between health, nutrition and diet has grown, as well as increased demand for improved diets. Food with functional ingredients of plant origin like Moringa oleifera. The plant is commonly known as 'natural nutrition of the tropics'. Demand for moringa leaves is expected to exceed $ 6 billion by 2027 due to increasing demand for dietary supplements. The segment had an income-based market share of over 35% in 2019. Increased consumption of leaves to cure fever, arthritis and other health conditions is expected to positively influence growth. Additionally, the increasing demand for herbal and herbal supplements for food application may support the growth of the market. Growing concerns about glutamic disorder in the United States, Germany, Japan, and the United Kingdom may increase demand for herbal supplements. Furthermore, moringa leaves help treat various other diseases, such as high blood sugar, asthma, flu, heartburn, dyslipidemia, malaria, syphilis, pneumonia, scurvy, skin diseases, diarrhea, headache, eye and ear infections and bronchitis. It also helps reduce cholesterol and blood pressure and acts as an antimicrobial, anti-cancer, anti-diabetic, antioxidant, and anti-atherosclerotic agent.

Impact of covid-19 on Moringa Ingredients Market

The Covid-19 pandemic has brought significant changes to the existing global economy, affecting the revenue in almost end-user applications, including the food & beverage associated business. Moringa ingredients market has also witnessed the impact of coronavirus with the declined sales. However, the future tends to promising for the moringa ingredients as they know offer great disease resistance and immunity, which is the primary requirement in the present world scenario.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The global Moringa Ingredients market has been categorized based on geography in regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. The Asia-Pacific region had the largest share of over 40% by volume in 2019. Increasing consumer awareness of the health and nutritional benefits of moringa is one of the important factors driving the industry in developing countries like China, India and the Philippines. Additionally, a shift in consumer food choices is also expected to increase the high demand for the product due to the growing trend towards veganism that is leading the way for plant-based food products. Asia Pacific is expected to post a substantial CAGR of 7.8% in terms of income during the forecast period, due to rapid urbanization leading to changing preferences and patterns of food consumption, an increasing trend of consumers to exercise and consumption increasing dietary supplements among consumers. Important factors predicted to support market growth.

North American countries like the United States and Canada are expected to experience increased demand during the forecast period due to the consumer trend towards herbal ingredients. Such a trend encourages producers to use herbal ingredients to enhance cosmetics, foods, and supplements. Also, growing concerns about healthcare are also contributing to the development of market expansion. The product is gradually gaining popularity in Europe with increasing applications in organic food supplements. Dried moringa leaves are sold for a wide range of nutritional and health benefits, depending on the level of chemical composition and antioxidant activity. The growing global demand for moringa may provide opportunities for a supplier. India is currently the main supplier.

Key Players in the Market:

Major Key Players in the global Moringa Ingredients Market are

• Organic India Pvt Ltd
• Earth Expo Company
• Herbs & Crops Overseas
• Saipro Biotech Private Limited
• Grenera.Com
• Kuli Kuli, Inc
• Ancient Greenfields Pvt Ltd