Moringa Products Market To Grow Enormously with Size Worth $10.9 Billion By 2025 |Grand View Research, Inc.
The global moringa
products market size is expected to reach USD 10.9 billion by 2025,
according to a new report by Grand View Research, Inc., expanding at a CAGR of
10.4% over the forecast period. Growing need for nutritional supplements,
improving health awareness among people, and shifting focus towards organic
medication are the key factors for industry growth.
Increase in awareness among consumers
regarding health benefits of moringa is one of the major reasons for the market
growth. It has antifungal, antiviral, antidepressant, and anti-inflammatory
properties, which are beneficial in healing various diseases. Additionally, it
can be easily grown in tropical and subtropical regions with low cost, thereby
resulting in increased usage of the plant in various applications. It is also
one of the best products to treat malnutrition children younger than 3 years.
Considering all these factors, demand for moringa is increasing in the market.
Moringa contains various healthful
compounds such as vitamin A, vitamin B1, folate, calcium potassium, iron, and
zinc. It is also extremely low in fats and contains no harmful cholesterol. The
antibiotic and antibacterial properties of this plant may help inhibit the
growth of various pathogens, and its high vitamin B content helps with
digestion. Among all the vegetables, moringa is commonly used by South Indians
for its flavor and delicious taste in Sambar and Curry preparation. Rising
demand for the product due to its rich nutritional properties and low price is
boosting the growth of this moringa products market.
Europe was the largest regional market
in the year 2018 owing to growing demand for nutritional supplements. In 2018,
U.S was the largest market with more than 75.0% share in North America. Rising
awareness regarding organic health supplements is a major factor boosting the
regional market growth. Growing trend of calorie reduction and weight
management is also driving the regional market since moringa helps in reducing
weight gain. Majority of the Americans prefer supplements over their daily
diets. Moringa is an additional source of multivitamins, antioxidants, amino acids,
and other nutrients. Due to all these health benefits, demand for this plant
based product is rising among individuals, thereby boosting regional moringa
products market growth.
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Further key findings from the study
suggest:
·
The leaf powder segment is
projected to expand at a CAGR of 11.2% over the forecast period
·
The online distribution channel
will register the highest CAGR of 11.6% through 2025
·
U.S., China, Germany, Ethiopia,
and Brazil are the major countries accounting for the largest market share in
their respective regions.
The
global moringa products market size was valued at USD 5.5 billion in 2018 and
is anticipated to expand at a healthy CAGR over the forecast period. Moringa
resembles a “vegetable tree”, full of minerals and supporting vitamins, making
it a healthy super food. It is believed to have many benefits and its uses
range from health and beauty to helping prevent and cure diseases. This can be
used in various forms such as raw moringa, moringa powder used in food
supplements, tea, and oil. The market is driven by several factors such as
growing need for nutritional supplements, improving health awareness among
people, and shifting focus towards organic medication.
Moringa oleifera is a plant that is often called the
drumstick tree, the miracle tree, the ben oil tree, or the horseradish tree.
Increase in awareness among consumers regarding health benefits of this plant
is one of the major reasons for the market growth. It has antifungal,
antiviral, antidepressant, and anti-inflammatory properties, which are beneficial in
healing various diseases. Additionally, it can be easily grown in tropical and
subtropical regions with low cost, thereby resulting in increased usage of the
plant in various applications. It is also one of the best products to treat
malnutrition children younger than 3 years. Considering all the above-mentioned
factors, demand for these products is increasing in the market.
Moringa contains various healthful compounds such as vitamin A,
vitamin B1, folate, calcium potassium, iron, and zinc. It is also extremely low
in fats and contains no harmful cholesterol. Among all the
vegetables, moringa is commonly used by South Indians for its flavor and
delicious taste in sambar and curry preparation. Demand for the product is
increasing due to its rich nutritional properties and low price, thereby
boosting the growth of this market.
Although
the product has various advantages but there are certain market entry barriers
such as technological requirements for drying moringa as well as requirements
for organic certification. Drying moringa leaves requires suitable drying
equipment and logistical arrangements. Moringa leaves need to be processed
directly after harvesting to prevent quality deterioration. In most of the
countries, organic certification for moringa is mandatory before using it for
nutritional supplements. Moringa cannot be exported if the product is not
organically certified.
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Press Release of this report:
Grand View Research has segmented the
global moringa products market on the basis of product, distribution channel:
Moringa Products Product
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Leaf Powder
·
Tea
·
Oil
·
Seeds
Moringa Products Distribution
Channel Outlook (Revenue, USD Billion, 2015 - 2025)
·
Online
·
Offline
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.

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