The global moringa ingredients market is experiencing remarkable growth, with a market size of USD 4.2 billion in 2021 and a projected compound annual growth rate (CAGR) of 6.9% during the forecast period. This remarkable expansion can be attributed to several key factors reshaping consumer preferences and dietary habits.
Growing Health Awareness Drives Demand
The rising awareness of health benefits associated with moringa ingredients is propelling market growth. Moringa, also known as drumstick, is gaining popularity due to its historic use as a vegetable in various Asian cuisines and its versatile applications in medicinal, cosmetic, and nutritional supplements. Consumers are increasingly turning to moringa for its potential to combat malnutrition and hunger. Moreover, moringas role in fortifying food products is gaining traction, making it a sought-after ingredient among health-conscious consumers.
Rising Demand for Organic Products
The surge in demand for organic products, not limited to the food and beverage sector, is a significant driver of market growth. Consumers are opting for organic vitamins and supplements to reduce health risks, leading to the development of clean-label products. This trend is particularly evident in North America and Europe, where clean-label products are highly favored. Manufacturers are responding by incorporating organic moringa into their products to cater to this growing consumer base.
Challenges in the Market
Despite the markets promising growth, there are notable challenges, including regulatory barriers in various regions and low market penetration in emerging markets. In some countries, the use of moringa in dietary supplements requires organic certification, and stringent regulations can limit its widespread use. Additionally, raising awareness about moringa products in emerging markets remains a hurdle to overcome.
Segment Insights
- Organic Moringa Ingredients Dominate: The organic segment is poised for rapid growth, driven by the health benefits associated with non-GMO farming practices and consumers preference for environmentally friendly products.
- Food and Beverage Leads: In 2021, the food and beverage category led the market with a wide range of moringa-infused products such as powder, tea, chocolates, cakes, juices, and lattes. The nutritional value of moringa elements supports its incorporation into functional foods.
Regional Landscape
- Asia Pacific Dominates: Asia Pacific controlled the market in 2021, primarily due to Indias leading role in cultivating and supplying moringa globally. The regions rapid urbanization and increasing health awareness are driving market growth.
- Middle East & Africa: This region contributed significantly to the market, with nations like Ethiopia, Sudan, Kenya, Ghana, and Nigeria being prominent moringa producers. Favorable climate and soil conditions have spurred moringa cultivation in these areas.
Key Players
Several players are contributing to the growth of the moringa ingredients market, including Z-Company BV, Sunfood, Moringa World, NTC Phytochem, Moringa Inc, New Direction Australia, Ayur Pty Ltd, Moringa & More, Farmvilla Food Industries Private Limited, Aayuritz Phytonutrients Pvt.Ltd., and ConnOils LLC.
As the global moringa ingredients market continues to expand, it is expected to bring new opportunities and innovations to the food, beverage, cosmetic, and pharmaceutical industries. Consumers growing interest in health and wellness, along with the rise of organic and clean-label products, will drive the markets continued growth in the years to come.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/moringa-ingredients-market
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COMTEX_442467052/2840/2023-10-26T02:15:51