The global moringa ingredients market is projected to grow at a significant CAGR during the forecast period. Moringa is a multi-purpose herbal plant used as human food and an alternative for medicinal purposes globally. It is considered as a plant with various natural health benefits including nutritional and medicinal advantages. Moringa contains essential amino acids, carotenoids in leaves, and components with nutraceutical properties, due to which, it is widely accepted as a nutritional and medicinal plant. Growing awareness regarding the medicinal benefits of moringa-based products is projected to propel the industry growth. Moringa has been used to treat various types of disorders such as asthma, blackheads, blood impurities, bronchitis, catarrh, chest congestion, cholera,and many other illnesses. It also contains anti-inflammatory, anti-hypertensive, anti-oxidants, anti-pyretic, anti-ulcer, anti-epileptic, diuretic, cholesterol-lowering, renal, anti-diabetic, and other properties, due to which, it is highly preferred in the pharmaceutical applications.

The rise in the demand for food supplements due to increased awareness regarding nutrition is also fueling the growth of the market. Further, hectic lifestyle, growing geriatric population, and rising disposable income also propel the market growth during the forecast period. Besides, increased incidences of obesity and sedentary lifestyles of peoples have further encouraged the dietary supplements demand, which in turn, drives the moringa ingredients market growth. 

Segmental Outlook: Cosmetic & Personal Care Segment to Significantly Contribute in the Market 

The global moringa ingredients market is segmented on the basis of application into food & beverage, cosmetic & personal care, pharmaceutical, and others. Amongst the application segment of the market, the cosmetic & personal care segment to significantly contribute to the market growth during the forecast period. The segmental growth of the market is attributed to the rapidly rising cosmetic and personal care products industry across the globe. 

Global Moringa Ingredients Market by Application, 2019 (%)

The rise in disposable income globally coupled with the rising consciousness regarding aging and aesthetics are considerably driving the market growth across the globe. The cosmetics industry is highly fragmented with the presence of a number of types of products with different ingredients, such as inorganic/organic/herbal cosmetics; which provides growth opportunities for the market during the forecast period. 

Regional Outlook

The global moringa Ingredients market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region is estimated to contribute significantly during the forecast period. Moringa is a type of local medicinal Indian herb which has turned out to be familiar in the tropical and subtropical countries. Asia-Pacific region is home to several emerging economies and is seen as the high potential market for the market players owing to growth in industries such as food & beverages and cosmetics & personal care products. The growth of the Asia-Pacific market is primarily being driven by China and India’s fast-paced economies and significant growth in the pharmaceutical sector. 

Market Players Outlook

Some of the prominent players operating in the global moringa ingredients market include Ancient Greenfields Pvt. Ltd. (AGF), Herbs & Crops Overseas, Earth Expo Co., Saipro Biotech Pvt Ltd., Himalaya Global Holdings Ltd., Kuli Kuli Inc., Organic India Pvt. Ltd., and others. These are the key companies adopting several organic and inorganic growth strategies to strengthen their product portfolios and maintain a competitive position in the global moringa ingredients market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global moringa ingredients market. Based on the availability of data, information related to pipeline products, 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.