The "Moringa Extract Market by Type, Form, Application, and Geography - Global Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.
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 report provides an in-depth analysis of the moringa extract market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.
The growth of the moringa extract market is driven by the growing demand for natural & plant-based supplements, increasing awareness of health and wellness among consumers, and rising demand for natural and organic ingredients. However, factors such as limited awareness about the benefits and uses of moringa extract and the lack of regulations and quality standards for moringa extract are restricting the growth of this market to some extent.
Moreover, the growing interest in moringa extract as a functional ingredient in the food and beverage industry for different applications is expected to generate market growth opportunities for the stakeholders operating in this market. Furthermore, the rising consumer preference for superfoods is a major trend in the moringa extract market.
North America is slated to register the highest growth rate. The growth of this regional market is driven by the increasing demand for moringa extracts among several industries due to the rising awareness among consumers regarding the benefits of natural-derived extracts such as moringa. Moreover, factors such as the rapidly growing dietary supplement industry, growing consumer preference for superfoods, increasing health-conscious consumers, increased focus on preventive healthcare, and a growing vegetarian population are further expected to support the high growth of the moringa extract market in North America.
The key players operating in the moringa extract market are Medikonda Nutrients (India), Sabinsa Corporation (U.S.), Botanic Healthcare Pvt. Ltd. (India), Allpure Organics (India), Himalayan Herbaria, Inc. (India), Phyto Life Sciences Pvt. Ltd. (India), S.A. Herbal Bioactives LLP (India), Alpspure Lifesciences Private Limited (India), Taiyo Kagaku Co., Ltd. (Japan), Hunan New Mstar Biotechnology Co., Ltd. (China), Vedaoils Private Limited (India), and Victoriafalls Ingredients Pvt. Ltd (India).
In 2024, the moringa leaf extract segment is expected to account for the largest share of 54.2% of the global moringa extract market.
This segment's large market share is attributed to the wide availability of raw materials and the growing demand for moringa leaf extracts in industries like dietary supplements, pharmaceuticals, cosmetics, and food and beverages. The rich nutritional profile of moringa leaf, which includes vitamins, minerals, and antioxidants, along with rising consumer awareness of its health benefits, is expected to further drive the demand for moringa leaf extract globally.
In 2024, the powder moringa extract segment is expected to account for the larger share of the global moringa extract market.
This segment's large market share is attributed to the benefits offered by powdered moringa, including its ease of use, longer shelf life compared to liquid extracts and versatility, especially in the supplements industry. Powdered moringa is easier to incorporate into food and beverage products and more convenient for manufacturers in terms of transport and storage.
In 2024, the dietary supplements segment is expected to account for the largest share of 39.5% of the global moringa extract market.
This segment's large market share is attributed to the increasing demand for natural and plant-based ingredients in dietary supplements, a rising focus on preventive healthcare, and consumer interest in health and wellness. The rising popularity of moringa-based supplements, driven by their perceived health benefits, is expected to contribute significantly to the growth of this segment.
Key Questions Answered in the Report:
- What is the revenue generated from the moringa extract market globally?
- At what rate is the moringa extract demand projected to grow for the next 5-7 years?
- What are the historical market sizes and growth rates of the moringa extract market?
- What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
- Which segments in terms of type, form, and application are expected to create traction for the manufacturers in this market during the forecast period 2024-2031?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the moringa extract market?
- Who are the major players in the moringa extract market? What are their specific product offerings in this market?
- What are the recent strategic developments in the moringa extract market? What are the impacts of these strategic developments on the market?
Market Insights
- Growing Demand for Natural & Plant-Based Supplements
- Increasing Health and Wellness Among Consumers Supports the Growth of this Market
- Rising Demand for Natural and Organic Ingredients Driving the Global Moringa Extracts Market
- Limited Awareness About the Benefits and Uses of Moringa Extracts Hampering Market Growth
- Lack of Regulations and Quality Standards Restraining the Growth of the Moringa Extract Market
- Growing Interest in Moringa Extract as a Functional Ingredient in the Food and Beverage Industry
- Rising Consumer Preference for Superfoods Driving the Growth of the Moringa Extracts Market
Companies Featured
- Medikonda Nutrients (India)
- Sabinsa Corporation (U.S.)
- Botanic Healthcare Pvt. Ltd. (India)
- Allpure Organics (India)
- Himalayan Herbaria Inc. (India)
- Phyto Life Sciences Pvt. Ltd. (India)
- S.A. Herbal Bioactives LLP (India)
- Alpspure Lifesciences Private Limited (India)
- Taiyo Kagaku Co. Ltd. (Japan)
- Hunan New Mstar Biotechnology Co. Ltd. (China)
- Vedaoils Private Limited (India)
- Victoriafalls Ingredients Pvt. Ltd (India)
Scope of the Report:
Moringa Extract Market Assessment - by Type
- Moringa Leaf Extract
- Moringa Seed Extract
- Moringa Bark Extract
- Moringa Root Extract
Moringa Extract Market Assessment - by Form
- Powder
- Liquid
Moringa Extract Market Assessment - by Application
- Dietary Supplements
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceuticals
- Others
Moringa Extract Market Assessment - by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/wl30wq
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