Market Study on Moringa Ingredients: Use in Dietary Supplements to Increase Rapidly Over Decade
The global moringa ingredients market is set to witness growth at a CAGR of 7.1% and top a valuation of US$ 13 Bn by 2031.
Moringa ingredients are being increasingly used for food fortification in various regions across the world to tackle micronutrient deficiencies. Several companies also use moringa ingredients in their food items for the purpose of advertisements and marketing through voluntary fortification programs.
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Substantial rise in awareness regarding the environmental and health benefits of plant-based products has also driven demand for plant-based cosmetic products. Manufacturers are also focusing on providing innovative cosmetic products that comprise moringa ingredients.
Increase in consumer discretionary income in regions such as Asia Pacific, the Middle East, and Africa has made it easier for customers to acquire new and unique food products that are sourced from plants such as moringa. These plant-based food products comprise functionally active compounds along with health promoting properties, which attracts health-conscious customers.
Consumption of plant-based products is witnessing high growth as consumers are shifting toward healthy and adulterated-free items. The consumption pattern of consumers is inclining toward healthy and organic food products, which is impacting the food and beverage category, as well as moringa ingredients.
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Key Takeaways from Market Study
“Manufacturers of moringa ingredients would gain significant profits by targeting the food & beverage industry. The dietary supplements industry would also serve as a potential market for moringa ingredients, which is attributable to growing demand for nutraceutical products across the globe,” says a Persistence Market Research analyst.
Competitive Landscape
Key manufacturers of moringa ingredients are majorly focusing on research & development to enhance the quality of their products. These manufacturers also participate in various exhibitions and events around the world to increase the awareness of their products.
Explore More Valuable Insights
Persistence Market Research, in its new report, offers an impartial analysis of the global moringa ingredient market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
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The study offers compelling insights based on nature (organic, conventional), form (powder, oil), source (leaf, fruits/pods), and application (food & beverages, dietary supplements, cosmetics & personal care, pharmaceuticals, textiles & paper industry, others), across seven major regions of the world.
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Jul 07, 2022