North America Moringa Ingredients Market was valued at USD xx. xx million in 2021 and is estimated to range an over of USD xx. xx million by the end of the assessment period. The North America Moringa Ingredients Market is likely to knowledge reasonable growth highest of a CAGR of xx.xx% through the estimated period (2022 - 2027).
The ingredients of moringa are obtained from the leaves, seeds, and almost all parts of the moringa tree, also known as the mortar tree in India. These ingredients contain many nutrients without harmful cholesterol and are very low in fat.
Recent Developments
Market Drivers and Restraints:
Population growth and consumer awareness of nutritious foods are driving the moringa ingredients market demand. Moringa ingredients have many health benefitsthat levelled up the market growth rate. The pod has various medicinal benefits consumed by consumers, the leaves can be used to feed animals, and other ingredients can be used as a food supplement because they are very nutritious and in great demand by consumers as they need an organic dietary supplement in their daily routine to replace food absenteeism or unhealthy meals, which is driving the growth of the moringa ingredients market. Moringa oil and leaves are considered the magic ingredient in cosmetics released by many major brands because they prevent wrinkles and free radical damage to the skin. Companies use these natural, organic ingredients to make anti-aging skincare products because consumers are more drawn to products made with natural ingredients than chemicals. It can fight bacterial diseases, improve bone health, protect the cardiovascular system, help heal wounds, treat diabetes, asthma, and many other health problems. The gym culture has fueled the rise in consumption and popularity of natural health supplements. Additionally, infused water and teas among health-conscious consumers are driving market demand for moringa ingredients. Moringa tea and powder are the most popular products that are popular for their health benefits.
Market Segmentation:
By Application
The cosmetics and personal care segment recorded a significant 19.7% in terms of income from the intensive use of the product due to its moisturizing properties and the benefits associated with skin stimulation. Collagen is useful for 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 about the relationship between health, nutrition, and diet has increased and a greater demand for improved diets—foods with functional ingredients of plant origin, such as Moringa oleifera. The segment had a revenue-based market share of more than 35% in 2019. Increasing consumption of leaves to cure fever, arthritis, and other health problems are expected to positively influence growth. Additionally, the growing demand for herbs and herbal supplements for food applications may support market growth. It also helps lower blood pressure and cholestrol and acts as an antimicrobial, anticancer, antidiabetic, antioxidant, and antiatherosclerotic agent.
By Source
Impact of COVID-19 on North America Moringa Ingredients Market
The Coronavirus has spread throughout the world, and most countries are taking lockdown measures to control the spread of the virus. The impact of the crown can be seen in everything from dining tables to the economy. All commercial and productive activities are completely closed, except those that are necessary, such as the food and medical sector, which generates an economic crisis in the country. In addition, manufacturing and production functions are shut down, which has slowed down businesses, and idle trade and transportation completely disrupted the supply chain, causing businesses to face heavy losses down the road.
Regional Analysis:
The North American moringa ingredient market, driven by Canada, Mexico, and the United States, is expected to exceed $ 5 billion by 2025 due to the growing demand for herbal supplements. US moringa ingredients market is gaining traction over the shares whereas Canada moringa ingredients market is to hit the largest CAGR in the near future. The growing demand for natural cosmetics in the United States and Canada could increase the size of the regional market. The growing demand for organic health supplements, as they are used to reduce weight and calories, may support the regional industry forecasts.
Leading Company
The Himalaya Drug Company had the largest share of the North America Moringa Ingredients Market in terms of sales revenue in 2021.
Key Players
Key players in the North America Moringa Ingredients Market include
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