The moringa extract market is expected to expand from US$ 1,243.6 million in 2023 to US$ 4,986.4 million by 2033. Between 2023 and 2033, sales will likely soar at 14.9% CAGR.
Driving Forces of the Moringa Extract Market:
The rising adoption of a plant-based lifestyle will likely drive demand for moringa extract throughout the projection period. As more people shift to plant-based diets for health reasons, they seek nutritious alternatives. Moringa extract is rich in vitamins, minerals, and antioxidants, making it an attractive choice for health-conscious consumers.
Moringa is a source of plant-based protein, which is in high demand among vegans and vegetarians. This can increase the demand for moringa extract as a protein supplement in various food products. The trend towards functional foods and dietary supplements is growing. Moringa’s potential health benefits can drive its incorporation into such products, boosting demand during the forecast period.
Consumers concerned about the environmental impact of their diets are turning to plant-based options. Moringa is a drought-resistant and fast-growing tree, making it a sustainable crop choice, further increasing its appeal. Moringa extract is used in cosmetics and skin care products due to its antioxidant properties. As consumers seek natural and plant-based beauty solutions, demand for moringa extract in this sector will rise.
The growing awareness of moringa’s nutritional benefits in Western markets can drive increased imports from regions where it’s traditionally grown, such as India and Africa. Ongoing research highlighting the health benefits of moringa and effective marketing strategies can increase consumer awareness and drive demand.
Government initiatives promoting plant-based diets and sustainable agriculture can indirectly boost the demand for moringa extract by creating a favorable business environment. Food companies are continuously innovating to create plant-based alternatives to traditional animal-based products. Moringa can be used in product innovation to enhance taste and nutritional content.
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Key Takeaways from the Moringa Extract Market Report:
- The global moringa extract market is expected to reach a valuation of US$ 4,986.4 million by 2033.
- Global demand for moringa extract will likely soar at 14.9% CAGR over the forecast period.
- Based on product type, the moringa leaf extract segment is anticipated to soar significantly between 2023 and 2033.
- South Asia is projected to hold a dominant value share of 23.4% by 2033.
- The United States moringa extract market is projected to register a CAGR of 11.2% from 2023 to 2033.
“Rising demand for natural, green & nutritional ingredients will likely drive demand for the moringa extract during the forecast period. Key manufacturers are investing in research to develop innovative moringa extract products with enhanced health benefits for unique formulations. Cognitive health is expected to emerge as another key area of consumer demand in this market by 2033.” – says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Competitive Landscape of Moringa Extract Market:
Key companies are investing in research to develop innovative moringa extract products with enhanced health benefits or unique formulations. They offer customization options for bulk buyers or private label customers to meet their specific requirements. They also provide educational resources and information about the uses and benefits of moringa extracts to raise awareness and attract consumers.
Recent Development in the Moringa Extract Market:
- In February 2019, a brand-new line of natural, upscale wellness and health products was introduced by All Moringa. The moringa tree is used to produce therapeutic skin care products and internal supplements, which are completely natural and free of synthetic additives. From seeds to plant extracts, the firm never skimps on quality.
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Global Segmentation of Moringa Extract Market
By Product Type:
- Moringa Leaf Extract
- Moringa Seed Extract
- Moringa Bark Extract
- Moringa Root Extract
By Form:
- Powder
- Liquid
- Capsules/ Tablets
By End Use:
- Food and Beverages
- Dietary Supplement
- Cosmetics and Personal Care
- Pharmaceuticals
- Animal Feed
By Distribution Channel:
- Hypermarkets/ Supermarkets
- Convenience Stores
- Pharmacy & Health Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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