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Moringa Ingredients Global Market Report 2022

Moringa Ingredients Global Market Report 2022

  • June 2022
  • 175 pages
  • ID: 6284251
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the moringa ingredients market are Grenera, Kuli Kuli, Ancient Greenfields Pvt Ltd (AGF), Green Virgin Products LLC, Organic India Pvt. Ltd., Aayuritz Phytonutrients Pvt. Ltd, Moringa World, NTC Phytochem, Moringa Inc, New Direction Australia, Ayur Pty Ltd, Farmvilla Food Industries Private Limited and Dominate Industries.

The global moringa ingredients market is expected to grow from $6.61 billion in 2021 to $7.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.31%. The growth is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.71 billion in 2026 at a CAGR of 8.00%.

The moringa ingredient market consists of sales of moringa ingredients by entities (organizations, sole traders, and partnerships) consisting of various moringa ingredients such as seeds, leaves, powder, and others.The Moringa plant is a drought-resistant tree of the family Moraceae, native to the Indian subcontinent, which contains many essential vitamins and minerals.

Moringa ingredients are used in various industries such as food and beverages, pharmaceuticals and nutraceuticals, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties.

The main types of moringa products include moringa seeds, moringa leaves, moringa fruits, moringa tea, and moringa pods.Moringa seeds are the seeds of the moringa oliefera plant and have a wide variety of nutrients that give these seeds antioxidant and anti-inflammatory properties.

They are used to treat heart, hair, and skin-related diseases. The different moringa ingredients include moringa powder and moringa oil, which are used for various applications such as dietary supplements, cosmetics and personal care, pharmaceuticals, textiles and paper, and other applications.

Europe was the largest region in the moringa ingredient market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The shift of customer preferences towards plant-based foods is driving the growth of the moringa ingredient market.Plant-based foods such as moringa contain high levels of protein, minerals, and antioxidants.

Consumers are increasingly preferring plant-based foods to improve overall health, weight management, and eat a healthier diet.For instance, according to data from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI), the retail sales of plant-based foods in the US grew by 27% in 2020 over the previous year.

Also, according to the 2021 Health & Wellness: Reimagining Well-being COVID-19 report, nearly 48% of consumers look for foods and drinks labelled plant-based. Thus, the change in customer preferences towards plant-based foods is driving the market growth of moringa ingredients.

Strategic partnerships between market companies are a key trend that is gaining traction in the moringa ingredient market.Companies are focusing on strategic partnerships to expand their market size, to leverage their global presence and to gain a competitive advantage. For instance, in 2020, Griffith Foods, a US-based product development company involved in quality food ingredients, partnered with Kuli Kuli, a US-based moringa food business, to scale up the positive impact by bringing moringa powder across segments in the food industry, such as food service, protein processors, and snack processors. The companies KuliKuli and Giffith Foods are looking forward to bringing sustainable and healthy offerings to the food sector by introducing moringa powder to the wider food industry.

In January 2020, Isagenix International LLC, a USA-based global health and wellness company providing nutrition and lifestyle solutions, acquired Zija International for an undisclosed amount.The deal helps Isagenix to focus on producing high-quality moringa products and expand its portfolio to service clients across different industries.

Zija International, Inc. is a US-based producer and distributor of moringa products.

The moringa ingredients market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.

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