Utilization Of Moringa Ingredients in Pharmaceuticals to Escalate Growth of Moringa Ingredients Market During 2020–2028
According to our latest market study on “Moringa Ingredients Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Leaves and Leaf Powder, Seeds, Oil, and Others), Category (Organic and Conventional), and Application (Food and Beverages, Personal Care, Pharmaceutical and Nutraceutical, and Others),” the market was valued at US$ 4,254.06 million in 2020 and is projected to reach US$ 7,307.17 million by 2028; it is expected to grow at a CAGR of 7.1% from 2021 to 2028. The report highlights key factors driving the market and prominent players, along with their developments in the market.
The moringa plant, often called a drumstick tree, has numerous health benefits. Moringa ingredients such as leaf powder, moringa oil, and moringa seeds are extensively used across various industries such as food & beverages, pharmaceutical and nutraceutical, and personal care, owing to their antifungal, antidepressant, and anti-inflammatory properties. Moreover, moringa contains nutrients such as vitamin A, vitamin B2, vitamin B3, calcium, potassium, iron, magnesium, zinc, and ascorbic acid. Moringa ingredients protect and nourish skin and hair, help to treat edema, protect the liver, and help in treating certain cancers. They also aid the digestion process and help in treating stomachache.
Apart from their use in food, moringa plants are also used to make medicines. They are very beneficial for conditions such as diabetes, obesity, and other health conditions. Some of the common products of the moringa are moringa oil, leaf powder, moringa tea, and moringa fruits/pods, among others. Moringa plants are expected to witness substantial demand from the pharmaceutical and nutraceutical segment, owing to their enormous medicinal as well as nutritional benefits, which have been recognized in the Unani and Ayurvedic medicines. Mostly, every part of the moringa plant, including bark, gum, root, leaf, seed, and seed oil, has been utilized for various ailments in indigenous medicine. Various pharmaceutical properties of these products are utilized by traditional therapeutic remedies for the treatment of several diseases. There has been a heightening demand for moringa seed ingredients on account of several useful medicinal and nutritional benefits of the product. It can help in treating hyperthyroidism, rheumatism, Crohn’s disease, anti-herpes-simplex virus arthritis, gout, cramp, epilepsy, and sexually transmitted diseases (STDs) by acting as an anti-inflammatory and antimicrobial agent. In addition, moringa leaves can further help in treating several other diseases such as hyperglycemia, heartburn, dyslipidemia, asthma, flu, malaria, syphilis, scurvy, skin diseases, pneumonia, diarrhea, headaches, eye & ear infections, and bronchitis. They may also help reduce cholesterol as well as blood pressure and can act as antimicrobial, antidiabetic, antioxidant, anticancer, and anti-atherosclerotic agents.
Dominate Industries Moringa Initiative Ltd, Green Era Foods & Nutraceutics, Sarvaayush Ayurved & Herbals, Earth expo company, Saipro Biotech private ltd., Connoils LLC, Santan India, All Herbscare, and Herbs and crops overseas are among the well-established players operating in the moringa ingredients market.
Impact of COVID-19 Pandemic on Moringa ingredients Market
Amid the COVID-19 pandemic, consumers are focused on maintaining their health, which is likely to boost the sales of nutritional supplements globally. Furthermore, the consumer preference for plant-derived supplements is influencing the moringa product growth, thereby affecting the moringa ingredients market. In the current situation, it is essential to raise immunity to combat the novel coronavirus, maintain hygiene, and adhere to all the medical advice. Even the World Health Organization (WHO) recommends that the world population should consume immunity-boosting foods, in its COVID-19 report. However, most governments were forced to impose stringent lockdowns and limitations on movements and trades due to the outbreak. Various businesses, including cosmetics, were forced to close down production units. The disturbance in the supply chain also resulted in a scarcity of raw materials, which contributed to a drop in finished product output. The demand also fell during the pandemic as a result of changes in consumer behavior, and their limited purchasing power. All of these factors restrained the market growth in the first and second quarters of 2020. However, with the relaxation of restrictions on personnel movement and the removal of lockdown, the worldwide moringa ingredients market may witness a strong growth rate in the coming years due to its nutritious value.
Based on type, the global moringa ingredients market is segmented into leaves and leaf powder, oils, seeds, and others. In terms of category, the market is segmented into organic and conventional. Based on application, the market is segmented into food and beverages, personal care, pharmaceuticals and nutraceuticals, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. By country, North America is categorized into the US, Canada, and Mexico. Based on country, Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In terms of country, Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. By country, Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Based on country, South America is segmented into Brazil, Argentina, and the Rest of SAM.
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