In recent years, natural and eco-friendly health and wellness products have seen an increase in popularity. Moringa, also known as the “drumstick tree” is known for its incredible nutritional value and versatility. In this blog, we will explore the benefits of moringa products and their market worth.
What Are Moringa Products?
Moringa is a plant that is native to areas India, Pakistan, Bangladesh, and Afghanistan. It is obtained from the trees of Moringa Oleifera. Its rich in proteins, vitamins, and minerals. The trees’ leaves, bark, flowers, fruit, seeds, and roots are utilized to make medicine.
Benefits of Moringa Products
Healthcare: Moringa’s antioxidant properties help protect cells from damage. It is taken by mouth for asthma, diabetes, stomach pain, cancer, stomach and intestinal ulcers, kidney stones, and many other purposes. Some people take it as a nutritional supplement or tonic to boost the immune system. The plant also has the ability to treat conditions including malnutrition, nursing moms, overall weakness, depression, menopause, and osteoporosis.
Cosmetics and Skincare: Moringa is often utilized as an oil and is used in a variety of skincare products, including lotions for the skin, fragrances, conditioners, and shampoos. It is also used externally to treat wounds, athlete’s foot, dandruff, gum disease (gingivitis), warts, and pockets of infection (abscesses).
Agriculture: Moringa leaves are used as organic fertilizers. They are also used as a nutritious feed supplement for livestock, promoting better health and milk production in animals.
The global moringa products market was valued at USD 3.06 billion in 2021 and is expected to reach USD 6.70 billion at a CAGR of 9.5% during the forecast period. The growing prevalence of obesity and the increasing propensity of people for fast food is driving the moringa products market growth. Growing consumer awareness and the use of dietary supplements in the United States, Canada, India, China, the UK, Germany, and Australia are the primary factors propelling the growth of the moringa products market. The public’s increasing awareness of the medicinal benefits of moringa products is expected to propel market growth.
Which Source Segment Dominates the Market?
The leaves segment accounted for the largest market share in 2021 as they are rich in minerals, vitamins, and other crucial phytochemicals like tannins, sterols, terpenoids, flavonoids, saponins, anthraquinones, and alkaloids. Key companies are using these nutritional properties to upgrade their product offerings in the industry. For instance, in February 2019, the “All Moringa” firm, situated in Los Angeles, introduced additional goods to its current range of beauty, health, and wellness products. It has stopped using synthetic components in its products and now uses natural extractions from the moringa plant as the major component.
Asia Pacific Captured the Highest Moringa Products Market Share in 2021
Based on geography, Asia Pacific dominated the market. India is the main country farming and selling moringa on the worldwide market due to its great growth circumstances. Farmers’ expanding learning habits and the developments in agricultural technology are boosting the value of the local market. The growing urbanization of developing countries like China and India is driving up demand for functional foods. The growing awareness of the health benefits of moringa components among urban dwellers is promoting revenue growth and further development.
The moringa products market is experiencing high growth, driven by the surging demand for natural, nutritious, and sustainable options. A sustained source of income for communities is provided by its production and processing. The excellent nutritional profile of moringa makes it a prominent player in the superfood market as consumers continue to place a high priority on health and wellness.