Global Moringa Ingredients Market, By Source (Leaves, Seed, Oil, and Others), By Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The moringa ingredients market is expected to reach US$ 10.2 Bn by 2028 from US$ 5.5 Bn in 2020, at a CAGR of 7.9% during the forecast period of 2020 to 2028.
Over the past decade, Moringa oleifera which is believed as a tropical, multi-functional tree has grown and matured from being pretty much unknown, in most cases even unheard of, to being a fresh and promising economic as well as nutritional resource for developing countries. The moringa oleifera tree has become popular with the name of “Wondertree” owing to its number of uses as well as myriad nutritional and medicinal benefits.
Notably, all the components of the moringa tree are useful in some form or other application. The leaves of the moringa oleifera is a rich source of minerals and proteins as well as much easier to grow. By the same token, the pods of moringa plants can be consumed usually as well as have medicinal applications, and the seeds are used in the production of oil. Attributing to which, moringa oleifera is gaining massive traction in the global markets, thus projected to drive the growth of the global moringa ingredients market in the forthcoming years.
Other than that, the medicinal benefits of moringa oleifera further stimulates its demand all around the world. The moringa oleifera tree is believed to be helpful in serious medical conditions like obesity, diabetes, and others.
In addition, the different elements of the tree assists in alleviating mineral and vitamin shortcomings, strengthen usual blood glucose levels, offer assistance for a strong and healthy cardiovascular system, enhance immune system and body’s anti-inflammatory mechanisms, nullify free radicals, as well as enrich anemic blood. Owing to which, the global moringa ingredients market is projected to escalate higher in the years to come.
In other respects, the rising awareness and self-consciousness among the population across the world regarding personal health and fitness as well as significance of nutritional food supplements is also playing a positive role in accelerating the demand of moringa ingredients in the global markets, thereby expected to give major breakthroughs to the growth of the global moringa ingredients market over the forecast period.
Other than that, few other factors such as soaring geriatric population, chaotic lifestyle of the masses, as well as increasing disposable income of the working population, nowadays, is also estimated to positively fuel the growth of the global moringa ingredients market in the coming years.
MMC Study identifies some of the key participating players in the moringa ingredients market globally are Earth Expo Company, Ancient Greenfields Pvt Ltd., Kuli Kuli, Inc., Grenera.Com, Saipro Biotech Private Limited, Herbs & Crops Overseas, Organic India Pvt Ltd., among others.
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