New York, NY, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Moringa Products Market By Product (Tea, Seeds, Oil, Leaf Powder, and Others), By Distribution Channel (Offline and Online), By Application (Cosmetics, Dietary Supplements, Pharmaceuticals, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
According to the research study, the global Moringa Products Market was estimated at USD 5,000 Million in 2019 and is expected to reach USD 8,400 Million by 2026. The global Moringa Products Market is expected to grow at a compound annual growth rate (CAGR) of 8% from 2020 to 2027.
Global Moringa Products Market Growing Attributed To the Increasing Shift Of Consumers Towards Organic Medication And Growing Health Awareness Among People Creating A Demand For Nutritional Supplements
Moringa oleifera also is known as drumstick tree has antiviral, anti-inflammatory, antifungal, and anti-depressant properties and hence is used to make various products with medicinal properties. The tree is native to areas of India, Bangladesh, Afghanistan, and Pakistan and is mainly grown in tropical and subtropical regions. Various parts of the moringa tree such as bark, fruit, root, leaves, flowers, and seeds are used to make medicine and various products with health beneficial and medicinal properties. It is a fast-growing and drought-resistant tree full of minerals and supporting vitamins.
Browse through 28 Tables & 78 Figures spread over 195+ Pages and in-depth TOC on “Global Moringa Products Market Size & Share 2020 Report: Industry Trends, Growth, Analysis and Forecast to 2026”.
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Moringa tree cultivation is mainly concentrated in India and some parts of Africa. Hence global demand is fulfilled through export due to geographical limitations. The majority of moringa products are bought through online channels as the benefits of the moringa tree are not familiar with the people. Nevertheless, online channels provide various coupons and discounts which is driving internet users to buy via e-commerce platforms. Moringa tea latte and chocolate latte along with herbal tea was launched by Philippines Moringa and More Corporation as an initiative to enter the food and beverage industry and also to increase the adoption rate of moringa. Moringa tree cultivators are striving to develop a new cultivation method to increase the moringa leaves production. New Global Energy Inc. is one of such companies that is working on developing a new moringa cultivation method by experimenting on 1.2 million moringa trees and is anticipating to produce 390,000 pounds of moringa leaves yearly.
Manufacturers of moringa products are striving to offer moringa products in various forms in order to make them easy to consume. Moringa is a superfood, and its powdered dorm can be added to various food products to increase the nutritional value of food. The growing importance of breakfast is anticipated to increase demand for moringa products such as nutritional shakes, cereals, soups, smoothies, and snack bars hence driving the global market of moringa products.
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Top Market Players
Some of the leading and top moringa products companies in the global moringa products market include Tropical Palm Herb Manufacturing, Ancient Greenfields, KuliKuli Foods, Grenera, Genius Nature Herbs Private Limited, Mother’s Farm, Earth Expo Company, Green India, Mother Hubs, Botanica Natural Products, MoSagri, Genius Nature Herbs, Green Earth Products Pvt. Ltd., Philippine Moringa & More Corporation, Marudhar Impex, Vyora Herbals Private Limited, Paritosh Herbals, Jailev International Trading Corporation, Veg India Exports, Aayuritz, Organic India, Moringa Connect, and Moringa Malawi among others.
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Based on the product segment, the “leaf powder” category significantly directs the global moringa products market
In 2019, the leaf powder segment generated the largest revenue among all the moringa-based products and held the leading position in the global market. Moringa leaf powder is a key ingredient used in developing many skincare- and digestion-related medicines. Moreover, the moringa leaf powder has antibiotic and antibacterial properties, which help in restricting the growth of various pathogenic organisms. Owing to all the medicinal properties packed in the moringa leaf powder, the global demand for moringa products is anticipated to increase considerably during the forecast period.
Based on product, the global moringa products market can be segmented into tea, seeds, oil, leaf powder, and others, with the ‘leaf powder’ category having the leading market share of about 30 percent. On the basis of the distribution channel, the market is being bifurcated into online and offline. The ‘offline’ category has the leading market share however the ‘online’ category is anticipated to grow at the fastest rate in the forecast period. Based on the application, the market is segmented into dietary supplements, cosmetics, pharmaceuticals, and others.
Browse the full “Moringa Products Market By Product (Tea, Seeds, Oil, Leaf Powder, and Others), By Distribution Channel (Offline and Online), By Application (Cosmetics, Dietary Supplements, Pharmaceuticals, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-moringa-products-market-by-product-tea-seeds-867
Regional Analysis: Moringa Products Market
In terms of geography, the Asia Pacific region held the leading market share of around 35 percent, and the North America region is anticipated to grow with the fastest CAGR in the forecast years among other regions such as North America, Europe, Latin America, and Middle East & Africa in the global moringa products market.
The Asia Pacific is projected to attain dominance in the global moringa products market throughout the study timeframe
The Asia Pacific has been directing the global moringa products market as India is the origin of moringa trees, the sole source of moringa ingredients and products. Throughout the region, India is the leading exporter of moringa seeds, moringa oil, moringa fruits, and moringa leaves. Besides this, the demand for moringa in American countries is anticipated to boom, owing to the remarkable shift towards a vegan diet.
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This report segments the global moringa products market as follows:
Global Moringa Products Market: Product Segmentation Analysis
- Tea
- Seeds
- Oil
- Leaf Powder
- Others
Global Moringa Products Market: Distribution Channel Segmentation Analysis
- Offline
- Online
Global Moringa Products Market: Application Segmentation Analysis
- Cosmetics
- Dietary Supplements
- Pharmaceuticals
- Others
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