Moringa products market to grow by USD 4.18 billion from 2023 to 2028; APAC is estimated to contribute 61% to the growth of the global market- Technavio

NEW YORK , Dec. 11, 2023 /PRNewswire/ -- The moringa products market size is expected to grow by USD 4.18 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 9.59% during forecast period. Rising awareness of the health benefits of moringa products is notably driving the moringa products market. However, factors such as growing demand for other superfood-based products may impede market growth. The market is segmented by product (moringa seeds and oil, moringa leaves and leaf powder, and moringa FT and P), distribution channel (offline and online), and geography (APAC, Europe, North America, Middle East and Africa, and South America) 

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format 

Key Segment Analysis

The market share growth by the moringa seeds and oil segment will be significant during the forecast period. Moringa seeds find a broad-scale application in the food segment as they are consumed in raw form and are also used as ingredients and additives in the preparation of several food items. Furthermore, the growing disposable income of consumers in developing economies such as Latin America, APAC, and Eastern Europe is the key factor driving the growth of the segment. Thus, these major factors combined are estimated to have a positive impact on the growth of the Moringa seeds and oil segment global moringa products market during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View Free Sample Report.

Geographical Market Analysis 

APAC is estimated to contribute 61% to the growth of the global market during the forecast period. In the APAC, India, China, Philippines, Cambodia, Bangladesh, Australia, Japan, Taiwan, and Afghanistan are major markets for Moringa products. Furthermore, there is growing awareness of the health benefits associated with moringa consumption; the increasing number of organized shops in countries such as India, Bangladesh, China, the Philippines, and Afghanistan; and rising disposable incomes which are supplemented by an increase in exports to other continents are the key factor driving the growth of the regional market. 

Company Insights 

The moringa products market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:

Aayuritz Phytonutrients Pvt. Ltd., Ancient GreenFields Pvt. Ltd., Attar Ayurveda, Bio Moringa Oleifera GmbH, Botanica Natural Products Pty Ltd., Earth Expo Co, Feyn Foods OPC Pvt Ltd, Grenera Nutrients Pvt. Ltd., HNCO Organics Pvt Ltd, Kuli Kuli Inc., KV Natural Ingredients Pvt. Ltd., Medikonda Nutrients, Miracle Garden Texas, Moringa Farms Inc., Moringa Malawi, MoSagri Lda, Mother Herbs P Ltd., ORGANIC India Pvt. Ltd., PT Moringa Indonesia Fangardana, and TRUE MORINGA

View Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The Organic Tea Market size is projected to increase by USD 552.51 million and the market size is estimated to grow at a CAGR of 8.62% between 2022 and 2027.

The herbal extract market size is estimated to grow at a CAGR of 12.97% between 2022 and 2027. The market size is forecast to increase by USD 29.19 billion.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product Type

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED