Moringa extract market is anticipated to grow at a considerable CAGR of 8.3% during the forecast period (2024-2031).Moringa extract is a concentrated form of compounds derived from the leaves, seeds, or other parts of the moringa tree (Moringa oleifera).

Market Dynamics

Growing Demand for Natural and Organic Products

The growing inclination of consumers towards the adoption of natural and organic products owing to their benefits compared to synthetic chemical is a key factor driving the global market. Also, to meet the growing demand key players are making new product launches with natural extracts to captivate major share in the market. For instance, in September 2022 marked a significant milestone for Taiyo, as the company garnered Informed Ingredient accreditation for its product, MorActive. This innovative blend, comprising moringa seeds, extracts, and Sunfiber, not only reinforces Taiyo's commitment to product quality but also enhances confidence within the athletic nutrition and lifestyle supplementation sectors.

Unlocking the Health Potential: The Remarkable Benefits of Moringa Extract

Moringa extract is renowned for its wide array of health benefits, making it increasingly popular among health-conscious consumers that is rich in nutrients, vitamins, minerals, and antioxidants, which contribute to its medicinal properties. Moringa extract is believed to have anti-inflammatory, antimicrobial, and antioxidant properties, making it beneficial for various health conditions such as lowering blood sugar levels, reducing cholesterol, boosting immune function, improving digestion, and promoting overall well-being. Looking towards demand for moringa extract in pharma & cosmetic industry key players are introducing cosmetics infused with moringa extract. For instance, in April 2024, Sharon Personal Care unveiled its latest offering, SharoHYAL Moringa, during the upcoming in-cosmetics event scheduled for April 15-20 in Paris. This innovative hair restoration solution represents a fusion of medium molecular weight hyaluronic acid and hydrolyzed moringa micro-proteins, meticulously formulated to address damaged hair from within, effectively revitalizing and repairing it.

Market Segmentation

Our in-depth analysis of the global moringa extract market includes the following segments by product type, application, and form:

• Based on product type, the market is sub-segmented into moringa leaf extract, moringa seed extract and moringa root extract.

• Based on application, the market is sub-segmented into dietary supplement, cosmetic & personal care, pharmaceutical and food & beverages.

• Based on form, the market is sub-segmented into powder, liquid and capsules.

Moringa Leaf Extract is Projected to Emerge as the Largest Segment

Based on the product type, the global moringa extract market is sub-segmented into moringa leaf extract, moringa seed extract and moringa root extract. Among these, the moringa leaf extract sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes theextensive nutritional profile and diverse range of health benefits. Moringa leaf extract is rich in vitamins, minerals, antioxidants, and bioactive compounds, making it a sought-after ingredient in various industries such as food and beverage, pharmaceuticals, and cosmetics.

Powder Sub-segment to Hold a Considerable Market Share

The powder sub-segment holdsthe market share due to its versatility and convenience. Moringa powder's fine texture and easy solubility make it suitable for various applications in food and beverage, supplements, cosmetics, and personal care products and has longer shelf life compared to fresh leaves enhancing marketability, especially in regions with limited access to fresh moringa. Additionally, the powder retains the nutritional benefits of moringa leaves, driving demand among health-conscious consumers seeking natural and nutrient-rich products.

Regional Outlook

The globalmoringa extractmarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). 

North America's Thriving Market: The Rise of Moringa Extract in Health and Beauty

North America is experiencing rapid growth in the global moringa extract market, driven by the rising trend towards health and wellness. North American consumers are increasingly seeking natural remedies and supplements to support their well-being, leading to a growing demand for moringa extract. This demand is further fueled by consumer preferences for clean-label and organic products, aligning with moringa extract's natural and beneficial properties. Additionally, companies in the region are expanding their product offerings to incorporate moringa extract across various industries, capitalizing on its versatility and health benefits. For instance, in January 2024, Green Virgin Products' Moringa Oil was named the Best Natural Beauty Product for 2024, lauded for its all-natural, certified organic composition. Recognized for its exceptional benefits for skin and hair, this non-toxic treatment stands out for its unprocessed nature, 100.0% purity, and ease of application. 

Global Moringa Extract Market Growth by Region 2024-2031

Asia-Pacific Holds Major Market Share

Among all the regions, Asia-Pacific holds a significant share due tothe region's rich heritage of traditional medicine, particularly in countries such as India and China, that has fostered widespread acceptance and consumption of moringa extract. Additionally, the abundant presence of moringa trees in tropical and subtropical regions ensures a steady supply of raw materials for extraction. Coupled with a large and expanding population and rising disposable incomes. In February 2024, Nutricircle, a leading BSE-listed R&D company, introduced My45Nutrients, a plant-based health supplement packed with essential nutrients, including vitamins, minerals, antioxidants, and amino acids. Such product launches further aiding to the global market growth.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global Moringa Extractmarket includeMedikonda Nutrients, Botanic Healthcare, Arizone International LLP, Moringa Energy Life, Victoriafalls Ingredients Pvt. Ltd., andothers. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2024, Moringa Acquisition announced a strategic agreement with Silexion, a clinical-stage biotechnology company focused on oncology. The terms of the agreement value Silexion at $62.5 million pre-transaction, with a designated share price of $10.0. This strategic partnership reflects Moringa's dedication to diversifying and strengthening its presence within the healthcare sector through strategic business combinations.

The Report Covers

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global moringa extractmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.