Global Moringa Products Market Size to Hit $10.4 Billion By 2030 | CAGR of 8%

The size of the global Moringa Products market was worth around USD 5.6 billion in 2021 and is predicted to grow to around USD 10.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 8% between 2022 and 2030. The report analyses the moringa products market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global moringa products market.

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Moringa Products Market: Overview

Moringa, also known as drumstick tree or horseradish tree, is a plant from the Moringa family. It is widely used and utilized for centuries, owing to its health benefits and medicinal properties, Moringa possesses anti-depressant, anti-inflammatory, antifungal, and antiviral properties. Additionally, this also consists of minerals, vitamins, and proteins. Owing to its nutritional properties, moringa is well-known among its consumers as a healthy food. The mentioned properties of moringa are influencing the demand for moringa-based products globally.

Growth Factors

The demand for moringa products in the cosmetic industry is witnessing growth, which is offering ample growth opportunities to the market players. The cosmetics and personal care applications of moringa products are further anticipated to rise attributed rising preference for plant-based products. The moisturizing properties of moringa-based products along with their capability of boosting collagen are influencing the demand for moringa products.

Segmental Overview

The market for moringa products is segmented into product, distribution channel, and application. Based on product, the market is categorized into leaves and leaf powder, oil, seeds, and others. The oil segment is expected to witness high growth during the coming years. Moringa oil is known for its anti-aging properties, which is boosting its demand in cosmetic applications. Further, distribution channel, the market is bifurcated into online and offline.

Based on application, the market is categorized into food and beverages, personal care, pharmaceuticals, and others. The moringa products are considered high in medicinal value with anthelmintic activity, which is influencing its demand in pharmaceutical applications.

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Regional Overview

The Asia Pacific is estimated to dominate the moringa product market in 2021. High consumption of moringa and its abundant availability is boosting the moringa products market in the region. However, the North America region is expected to witness high growth during the forecast period.

The high disposable income and rising awareness regarding the health benefits are influencing the market growth. ConnOils LLC is one of the major supplement manufacturers and suppliers of Moringa oil in the North American region. Other key players include Moringa Malawi, among others. Europe is also experiencing market growth, with Germany, the UK, Italy, and the Netherlands, being the major revenue contributors to the moringa products market in Europe.