Global moringa extract sales are rising, driven by growing consumer wellness and active lifestyle trends. The demand for products with both refreshing and nutritional benefits, as well as increasing awareness of mental and physical health, are fueling sales growth.
NEWARK, Del., Oct. 24, 2023 /PRNewswire/ -- Moringa Extract Market Analysis by Leaf Extract and Seed Extract, Growth Opportunities and Revenue Forecast: 2023 to 2033
The moringa extract market is expected to expand from US$ 1,243.6 million in 2023 to US$ 4,986.4 million by 2033. Between 2023 and 2033, sales will likely soar at 14.9% CAGR.
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Driving Forces of the Moringa Extract Market:
The rising adoption of a plant-based lifestyle will likely drive demand for moringa extract throughout the projection period. As more people shift to plant-based diets for health reasons, they seek nutritious alternatives. Moringa extract is rich in vitamins, minerals, and antioxidants, making it an attractive choice for health-conscious consumers.
Moringa is a source of plant-based protein, which is in high demand among vegans and vegetarians. This can increase the demand for moringa extract as a protein supplement in various food products. The trend towards functional foods and dietary supplements is growing. Moringa's potential health benefits can drive its incorporation into such products, boosting demand during the forecast period.
Consumers concerned about the environmental impact of their diets are turning to plant-based options. Moringa is a drought-resistant and fast-growing tree, making it a sustainable crop choice, further increasing its appeal. Moringa extract is used in cosmetics and skin care products due to its antioxidant properties. As consumers seek natural and plant-based beauty solutions, demand for moringa extract in this sector will rise.
The growing awareness of moringa's nutritional benefits in Western markets can drive increased imports from regions where it's traditionally grown, such as India and Africa. Ongoing research highlighting the health benefits of moringa and effective marketing strategies can increase consumer awareness and drive demand.
Government initiatives promoting plant-based diets and sustainable agriculture can indirectly boost the demand for moringa extract by creating a favorable business environment. Food companies are continuously innovating to create plant-based alternatives to traditional animal-based products. Moringa can be used in product innovation to enhance taste and nutritional content.
Moringa Extract Market Research Report Coverage 2023-2033:
Attribute | Details | |
Estimated Moringa Extract Market Size (2023) | US$ 1,243.6 million | |
Projected Moringa Extract Market Valuation (2033) | US$ 4,986.4 million | |
Value-based Moringa Extract Market CAGR (2023 to 2033) | 14.9% CAGR | |
Forecast Period | 2023 to 2033 | |
Historical Data Available for | 2018 to 2022 | |
Buy Now: Get a PESTLE and Porter's Analysis to Help You Make Smart Decisions in the Moringa Extract Market. | ||
Demand Analysis | Volume (MT) and Value (US$ Million) | |
Key Regions Covered | Latin America, North America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa | |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others | |
Key Segments Covered | Product Type, Form, End Use, Distribution Channel, and Region | |
Key Companies Profiled |
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Key Takeaways from the Moringa Extract Market Report:
- The global moringa extract market is expected to reach a valuation of US$ 4,986.4 million by 2033.
- Global demand for moringa extract will likely soar at 14.9% CAGR over the forecast period.
- Based on product type, the moringa leaf extract segment is anticipated to soar significantly between 2023 and 2033.
- South Asia is projected to hold a dominant value share of 23.4% by 2033.
- The United States moringa extract market is projected to register a CAGR of 11.2% from 2023 to 2033.
"Rising demand for natural, green & nutritional ingredients will likely drive demand for the moringa extract during the forecast period. Key manufacturers are investing in research to develop innovative moringa extract products with enhanced health benefits for unique formulations. Cognitive health is expected to emerge as another key area of consumer demand in this market by 2033." - says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Competitive Landscape of Moringa Extract Market:
Key companies are investing in research to develop innovative moringa extract products with enhanced health benefits or unique formulations. They offer customization options for bulk buyers or private label customers to meet their specific requirements. They also provide educational resources and information about the uses and benefits of moringa extracts to raise awareness and attract consumers.
Recent Development in the Moringa Extract Market:
- In February 2019, a brand-new line of natural, upscale wellness and health products was introduced by All Moringa. The moringa tree is used to produce therapeutic skin care products and internal supplements, which are completely natural and free of synthetic additives. From seeds to plant extracts, the firm never skimps on quality.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the sales of g moringa extract, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the demand for moringa extract based on product type (moringa leaf extract, moringa seed extract, moringa bark extract, moringa root extract), form (powder, liquid, capsules/ tablets), end use (food and beverages, dietary supplement, cosmetics and personal care, pharmaceuticals, animal feed) distribution channel (hypermarkets/ supermarkets, convenience stores, pharmacy & health stores, specialty stores, independent small groceries, online retailing and others) across various regions.
Comprehensive Research Methodology of Moringa Extract Market Available here!
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage sector lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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