The moringa ingredients market is presently valued at US$ 6.6 billion, and by 2031, it is expected to reach US$ 13.1 billion, growing at a robust CAGR of 7.1%. In 2020, sales of moringa ingredients represented an 8% to 10% value share of the market for herbs and spices worldwide.
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Ingredient sales for moringa saw a CAGR of 5.4% from 2016 to 2020. Moringa is increasingly in demand since it has a number of health advantages, making it an essential component of naturally healthy goods that improve consumers’ health and wellbeing. Due to aging-related health concerns, an increased desire to cut calories, weight loss, and other factors, moringa components are in great demand in the nutraceutical industry.
Consumption of moringa ingredients is anticipated to expand significantly during the forecast period, with a CAGR of 7.1%.
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Which Countries are Driving the European Moringa Ingredients Market?
Poland, Italy, and Spain are markets expected to surge at CAGRs of 10.1%, 8.7%, and 8.1%, respectively, during the forecast period (2021-2031).
Demand for moringa ingredients is high in the European region as nutritional supplements and also due to their functional properties, which makes them vital ingredients in the food and personal care sector in Europe.
Why is the Brazil Moringa Ingredients Market Leading in Latin America?
In the Latin American market, Brazil is showing promising growth and is expected to register a significant CAGR of 5.8%. Demand for moringa ingredients is high to growing awareness among consumers, which increases the consumption of moringa in dietary supplements and food applications.
Market share of Brazil in the Latin America market for moringa ingredients is around 42.8%, which is currently valued at US$ 64.4 Mn.
Moringa Ingredients Industry Research by Category
Moringa Ingredients Market by Nature
- Organic Moringa Ingredients
- Conventional Moringa Ingredients
Moringa Ingredients Market by Form
- Moringa Powder
- Moringa Oil
Moringa Ingredients Market by Source
- Moringa Ingredients from Leaves
- Moringa Ingredients from Fruits/Pods
Moringa Ingredients Market by Application
- Moringa Ingredients for Food & Beverages
- Moringa Ingredients for Dietary Supplements
- Moringa Ingredients for Cosmetics & Personal Care
- Moringa Ingredients for Pharmaceuticals
- Moringa Ingredients for Textiles & Paper Industry
Moringa Ingredients Market by Region
- North America Moringa Ingredients Market
- Latin America Moringa Ingredients Market
- Europe Moringa Ingredients Market
- South Asia Moringa Ingredients Market
- East Asia Moringa Ingredients Market
- Oceania Moringa Ingredients Market
- Middle East and Africa Moringa Ingredients Market
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