Moringa Extract Market by Size, Share, Forecast, & Trends Analysis
Meticulous Research®—
leading global market research company, published a research report
titled, ‘Moringa Extract Market by
Type (Moringa Leaf Extract, Moringa Seed Extract, Moringa Bark Extract, Moringa
Root Extract), Form (Powder, Liquid), Application (Food & Beverage,
Cosmetics & Personal Care, Pharmaceuticals), and Geography - Global
Forecast to 2031.’
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According
to this latest publication from Meticulous Research®,
the Global Moringa Extract market is projected to reach $10.65 billion by 2031,
at a CAGR of 9.8% during the forecast period 2024–2031. The growth of this
market is being propelled by factors such as the growing demand for natural
& plant-based supplements, increasing health and wellness among consumers,
and rising demand for natural and organic ingredients. However, the limited
awareness about the benefits and uses of moringa extract and the lack of
regulation and quality standards for moringa extract are factors restraining
the growth of this market to some extent. The growing interest in moringa
extract as a functional ingredient in the food and beverage industry is
expected to generate market growth opportunities for the key players operating
in this market. Furthermore, rising consumer preference for superfoods is a
major trend in the moringa extract market.
Key
Players
Some
of the key players operating in the global moringa extract market are Medikonda
Agro Farms Private Limited (India), Taiyo GmbH (Germany), Sabinsa Corporation
(India), Botanic Healthcare Group (India), Phyto Life Sciences Private Limited
(India), S.A. Herbal Bioactives LLP (India), Allpure Organics (India), Alpspure
Lifesciences Private Limited (India), Himalayan Herbaria Inc. (India), Hunan
New Mstar Biotechnology Co., Ltd. (China), Vedaoils Private Limited (India),
and Victoriafalls Ingredients Pvt. Ltd (India).
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The
global moringa extract market is segmented based on type (moringa leaf extract,
moringa seed extract, moringa bark extract, and moringa root extract), by form
(powder and liquid), by application (dietary supplements, food & beverage,
cosmetics & personal care, pharmaceuticals, and other applications), and
geography (North America, Europe, Asia-Pacific, Latin America, and the Middle
East & Africa). The study also evaluates industry competitors and analyzes
the market at the regional and country levels.
Based
on type, the global moringa extract
market is segmented into moringa leaf extract, moringa seed extract, moringa
bark extract, and moringa root extract. In 2024, the moringa leaf extract
segment is expected to account for the larger share of the global moringa
extract market. The large market share of this segment is attributed to factors
such as easy and abundant availability of raw materials and growing demand for
moringa leaf extracts in various industries, including dietary supplements,
pharmaceuticals, cosmetics, and food and beverages. Moreover, rising awareness
about the nutritional and health benefits of moringa leaf extracts, as it is
rich in vitamins, minerals, and antioxidants, and the inclination of consumers
towards natural and organic food products to maintain health and fitness are
further expected to drive the demand for moringa leaf extract across the globe.
Based
on form, the global moringa extract
market is segmented into powder and liquid. The powder segment is expected to
register a higher CAGR during the forecast period of 2024–2031 due to growing
applications in the food and beverage industry, such as smoothies, baking,
snacks, and others. Powdered moringa extract can be easily incorporated into
various food and beverage products, making it convenient for manufacturers to
include it in their offerings. In addition, it is easy to transport and store
compared to the liquid form, further driving its popularity among several
product manufacturers.
Based
on application, the global moringa extract
market is segmented into dietary supplements, food & beverage, cosmetics
& personal care, pharmaceuticals, and other applications. In 2024, the
dietary supplements segment is expected to account for the largest share of the
global moringa extract market. The large market share of this segment is
attributed to the growing global dietary supplements industry and increasing
demand for natural and plant-based ingredients in the dietary supplements
industry. Moreover, rising consumer awareness regarding the benefits of
moringa-based supplements, increasing consumer focus on health and wellbeing,
and increasing focus on preventive healthcare is further expected to drive the
growth of the moringa extract market for dietary supplements.
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