The global moringa extract market is poised for significant growth, with projections indicating an increase from US$ 1,243.6 million in 2023 to US$ 4,986.4 million by 2033, reflecting a robust CAGR of 14.9% during the forecast period.
The surge in demand for moringa extract stems from increasing health consciousness among consumers worldwide. As individuals redefine their approach to wellness, there is a growing preference for natural and plant-based health supplements like moringa extract. Rich in nutrients and antioxidants, moringa extract offers numerous health benefits, including immune support, anti-inflammatory properties, and improved energy levels.
One of the key drivers of market growth is the growing popularity of plant-based diets. Moringa extract serves as an excellent source of essential nutrients for vegetarians and vegans, driving demand among these consumer segments.
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Furthermore, the trend towards clean label products is boosting the adoption of moringa extract, as it is perceived as a pure and minimally processed ingredient. Consumers are increasingly seeking transparency in product ingredients, leading to a rise in demand for natural and sustainably sourced ingredients like moringa extract.
“Moringa extract is witnessing heightened demand as consumers seek natural alternatives for health and well-being. Its versatility and nutritional profile make it an attractive option for dietary supplements and functional foods.” – Nandini Roy Choudhury, Client Partner at Future Market Insights
The United States, the United Kingdom, and India emerge as key markets for moringa extract, with each region experiencing significant growth driven by rising health awareness and the availability of moringa-based products.
As the market continues to expand, companies are focusing on sustainable agricultural practices and ethical sourcing to meet the growing demand for moringa extract while minimizing environmental impact.
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Competitive Landscape of Moringa Extract Market
Key manufacturers expand their product lines to include various moringa extract products, such as powder, oil, capsules, and teas, to cater to consumer preferences. They are ensuring the quality and purity of moringa extract through rigorous testing and certifications to build consumer trust. They also emphasize sustainable and ethical sourcing practices to meet the increasing demand for eco-friendly and socially responsible products.
Recent Development in the Moringa Extract Market:
- In July 2023, The inclusion of Moringa oleifera to its selection of cosmetic oils has been announced by Naturally Australian Products (NAP). A Ghanaian manufacturer is the source of NAP’s moringa seed extract and moringa leaf powder.
- In September 2022, by receiving Informed Ingredient accreditation for its product MorActive, a blend of moringa seeds, extracts, and Sunfiber, Taiyo has continued to advance assurance of quality in the athletic nutrition and lifestyle supplementation sectors.
- In October 2022, The United Kingdom’s Government Chemists’ Laboratory (LGC) complete global prohibited components testing and certification Scheme for dietary supplement components has officially verified Taiyo’s new moringa seed extract.
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Global Segmentation of Moringa Extract Market
By Product Type:
- Moringa Leaf Extract
- Moringa Seed Extract
- Moringa Bark Extract
- Moringa Root Extract
By Form:
- Powder
- Liquid
- Capsules/ Tablets
By End Use:
- Food and Beverages
- Dietary Supplement
- Cosmetics and Personal Care
- Pharmaceuticals
- Animal Feed
By Distribution Channel:
- Hypermarkets/ Supermarkets
- Convenience Stores
- Pharmacy & Health Stores
- Specialty Stores
- Independent Small Groceries
- Online Retailing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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