Global Moringa Supplements Market - 2021-2028

Global Moringa Supplements Market - 2021-2028

Market Overview

Moringa is an important food source in some parts of the world. It can be grown cheaply and easily, and retains much of its nutritional value when dried. Moringa has been utilized for generations because of its therapeutic characteristics and health advantages. Moringa supplements are becoming increasingly popular as one of the richest sources of iron and other powerful vitamins and minerals. Product producers are working to enhance moringa-based product production. Moringa supplements contain anti-inflammatory qualities, making them useful in treating various ailments. The global moringa supplements market is valued at USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period.

Market Dynamics: Increasing demand of botanical and herbal supplements will boost market demand

The market size is expected to grow due to the rising consumption of leaves and leaf powder to treat arthritis, fever, and other ailments. Concerns about glutamic disorder have grown in the United States, the United Kingdom, Germany, and Japan, which may increase demand for plant-derived supplements. Because of its demand in the food and cosmetics industries, the moringa supplements is expected to grow during the forecasted timeframe. Increasing cosmetic application demand due to functional qualities such as oxidative stability, moisturization, and non-GMO will support industry estimates. Additionally, the most frequent form of iron deficiency is anemia. Iron deficiency in general consumers can cause fatigue, headaches, brittle fingernails, and other issues. Thus, consumers are looking for effective ways to address the problem. Iron is a mineral that aids in producing red blood cells in the body, especially in children and women. Moringa-based supplements are among the most useful supplements since they are high in iron and provide other vitamins, salts, and minerals. According to the National Center for Biotechnology Information in the United States, Moringa leaf supplements are high in iron and other critical elements for iron metabolism.

Market Segmentation: Moringa powder segment is anticipated to expand at a CAGR of XX%

The global moringa products market is divided into powder, capsules, seeds, oil, and other forms. Moringa powders market in form category is growing due to its long shelf life and diverse applications in food and beverages, personal care, and cosmetics compared to its competitors. The growing adoption of moringa powder by large food chain firms to attract herbal communities and separate themselves from their competitors is also driving the powder form's rise during the projection period.

Based on distribution channels, supermarkets and hypermarkets held the highest market revenue share of XX% in the year 2020. Supermarkets and hypermarkets accommodate a variety of products, including moringa supplements, grocery products and merchandise under one roof. Hypermarkets allow customers to satisfy all their shopping needs. Supermarkets and hypermarkets focus on maximizing product sales to increase their profit margins. In North America and Europe, supermarkets and hypermarkets are the most preferred retail outlets for the purchase of consumer goods.

Geographical Penetration: Asia Pacific is expected to be the fastest growing region during the forecast period

The Asia Pacific moringa supplements market is expected to grow at an annual rate of roughly XX%. Individuals' growing understanding of the benefits of nutritional supplementation may stimulate regional industry demand. Major manufacturers should favor market share by increasing the number of brand advertisements on electronic media to raise product awareness among individuals. Because of the ample supply of raw materials and favorable FDI rules, there will be many moringa products in India and China, which would improve regional market growth.

North America is expected to hold a market revenue share of XX% in 2020. Because of the growing trend of taking nutritional supplements, hectic lives, and adoption of plant-based goods, North America has the biggest market share of the worldwide moringa supplements market. The market in the North America is expanding due to an aging population, rising frequency of chronic diseases, and problems from iron deficiency. Due to their health advantages, the market is expected to develop due to the rising demand and acceptance of moringa supplements.

Competitive Landscape:

The global moringa supplements is fragmented. Product launches, product approvals, and other organic growth tactics such as patents and events are being prioritized by a number of companies. Acquisitions, as well as partnerships and collaborations, were seen as inorganic growth tactics in the market. These efforts have paved the road for market players to expand their business and client base. Important moringa supplement producers are focusing on obtaining the requisite label claims and certifications in order to boost the acceptance of their supplements in major consumer markets such as Europe and North America. Aayuritz Phytonutrients Pvt. Ltd. acquired many certifications such as GMP good manufacturing practice, National program for organic production, USDA organic, and others. All the 400+ products of Herbal Hills are approved with Government Certifications. Certificates include GMP, ISO 22000: 2018, HALAL, EU Certificate, USDA Organic, NPOP, FSSAI, and many others

COVID-19 Impact: Positive impact on the global moringa supplements market

Moringa supplements were critical in boosting immunity during the global coronavirus pandemic. Because of the health benefits of moringa supplements, pharmaceutical companies are focusing on their production. These supplements are becoming increasingly popular among consumers throughout the pandemic due to their ample supply of iron and other essential nutrients. The demand for such items has increased as a result of the coronavirus outbreak. Moringa powder and oil have shown potential in boosting immunity and addressing a dietary deficit in essential nutrients. By introducing immunity-booster moringa supplements, stakeholders in the moringa supplements market are easily contributing to establishing their businesses to keep economies running during the ongoing pandemic. Players in the moringa supplement market are attempting to enhance production by investing in new cultivation activities in new regions.

Why Purchase the Report?
Understand the current market scenario and viability of global moringa supplements over the forecast period
Visualize the composition of the global moringa supplements market in terms of nature, form, source and distribution channel to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global moringa supplements market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global moringa supplements market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:
Food and Beverage Companies
Dietary Supplements Manufacturers
Pharmaceutical Industry
Personal Care Industry
Industry Investors
Education & Research Institutes
Research Professionals