Moringa Extract Market by Type (Moringa Leaf Extract, Moringa Seed Extract, Moringa Bark Extract, Moringa Root Extract), Form (Powder, Liquid), Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals), and Geography - Global Forecast to 2031

The Moringa Extract Market was valued at $5.06 billion in 2023. This market is expected to reach $10.65 billion by 2031, from an estimated $5.53 billion in 2024, at a CAGR of 9.8% during the forecast period 2024-2031.

Moringa Extract Market Size & Forecast

The growth of this market is driven by the growing demand for natural & plant-based supplements, increasing health and wellness among consumers, and rising demand for natural and organic ingredients. However, the limited awareness about the benefits and uses of moringa extract and the lack of regulation and quality standards for moringa extract are factors restricting the growth of this market to some extent. The growing interest in moringa extract as a functional ingredient in the food and beverage industry is expected to generate market growth opportunities for the stakeholders operating in this market. Furthermore, the rising consumer preference for superfoods is a major trend in the moringa extract market.

Moringa Extract Market: Key Players

The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3–4 years. Some of the key players operating in the Moringa Extract Market are Medikonda Agro Farms Private Limited (India), Taiyo GmbH (Germany), Sabinsa Corporation (India), Botanic Healthcare Group (India), Phyto Life Sciences Private Limited (India), S.A. Herbal Bioactives LLP (India), Allpure Organics (India), Alpspure Lifesciences Private Limited (India), Himalayan Herbaria Inc. (India), Hunan New Mstar Biotechnology Co., Ltd. (China), Vedaoils Private Limited (India), and Victoriafalls Ingredients Pvt. Ltd (India).

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Growing Demand for Natural & Plant-based Supplements Fuels the Growth of the Moringa Extracts Market

In the past few years, the demand for natural and plant-based supplements has increased due to their health benefits and dietary, environmental, and ethical factors. Plant-based supplements offer several health benefits, including improving digestion, enhancing immune function, and increasing energy levels. They also contain essential vitamins, minerals, and antioxidants essential for optimal health. According to the American National Standards Institute, global dietary supplement sales will reach USD 252 billion by 2025, up from USD 220 billion in 2021. Furthermore, in 2022, 1 in 3 U.S. supplement consumers look for health benefits. Mainly, 33% of the consumers preferred supplements from natural sources (source: Archer-Daniels-Midland Company (U.S.)). Factors such as the growing aging population, increased consumer awareness for preventative healthcare, the rising self-directed consumer (self-diagnosis over health practitioner diagnosis), and channel proliferation (variety of marketing techniques and e-commerce) are supporting the growth of this supplement industry globally.

Moringa has been gaining popularity as a versatile and nutritious supplement due to its high nutritional content. In the supplement industry, moringa is used as an ingredient due to the presence of a large number of essential amino acids that help improve health. Moringa, also known as the miracle tree, is rich in vitamins, minerals, and antioxidants, making it suitable for consumers looking to boost their overall health and well-being. It boosts the immune system, supports digestive health, helps to manage blood sugar levels, and treats diabetes. The increasing awareness about the benefits of natural supplements, coupled with the growing focus on preventive healthcare, is driving the demand for moringa extract. Owing to its natural & plant-sourced nutritional value and potential health benefits, from improving digestive health to boosting immunity, moringa is becoming a popular choice among health-conscious consumers worldwide, which is expected to drive the growth of the moringa extract market across the globe.

Key Findings in the Moringa Extract Market Study:

The Moringa Leaf Extract Segment Expected to Dominate the Moringa Extract Market in 2024

Based on type, the global moringa extract market is segmented into moringa leaf extract, moringa seed extract, moringa bark extract, and moringa root extract. In 2024, the moringa leaf extract segment is expected to account for the largest share of the global moringa extract market. The large market share of this segment is attributed to factors such as easy and abundant availability of raw materials and growing demand for moringa leaf extracts in various industries, including dietary supplements, pharmaceuticals, cosmetics, and food and beverages. Moreover, rising awareness about the nutritional and health benefits of moringa leaf extracts, as it is rich in vitamins, minerals, and antioxidants, and the inclination of consumers towards natural and organic food products to maintain health and fitness are further expected to drive the demand for moringa leaf extract across the globe.

The Powder Segment Expected to Dominate the Moringa Extract Market in 2024

Based on form, the global moringa extract market is segmented into powder and liquid. In 2024, the powder moringa extract segment is expected to account for the larger share of the global moringa extract market. The large market share of this segment is attributed to factors such as its ease of use and versatility, the longer shelf life of powdered extract compared to liquid extract, and the increased demand for moringa powder from the supplements industry. Powdered moringa extract can be easily incorporated into various food and beverage products, making it convenient for manufacturers to include it in their offerings. In addition, easy to transport and store compared to the liquid form, further driving its popularity among the several product manufacturers.

Moreover, this segment is expected to register a higher CAGR during the forecast period of 2024–2031 due to its growing applications in the food and beverage industry.

The Dietary Supplements Segment Expected to Dominate the Moringa Extract Market in 2024

Based on application, the global moringa extract market is segmented into dietary supplements, food & beverage, cosmetics & personal care, pharmaceuticals, and other applications. In 2024, the dietary supplements segment is expected to account for the largest share of the global moringa extract market. The large market share of this segment is attributed to the growing global dietary supplements industry and increasing demand for natural and plant-based ingredients in the dietary supplements industry. Moreover, the increasing focus on preventive healthcare, rising consumer awareness regarding the benefits of moringa-based supplements, and increasing consumer focus on health and wellbeing are further expected to drive the growth of the moringa extract market for dietary supplements.

Moreover, this segment is further projected to register the highest CAGR during the forecast period of 2024–2031 due to the rising preference for natural and organic supplements among consumers. Additionally, the increasing prevalence of lifestyle diseases and a growing aging population are also anticipated to surge the demand for moringa extract in dietary supplements.

Asia-Pacific Expected to Dominate the Moringa Extract Market in 2024

Based on geography, the global moringa extract market is divided into five major regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global moringa extract market. The large market share of this region is mainly attributed to factors such as the presence of a large number of key players, easy and abundant availability of raw materials, increasing awareness about the health benefits of moringa extract in the region, increasing consumer focus on health and wellness, and rising demand for plant-based products. Moreover, currently, India is the largest producer of moringa globally, with improved agriculture and food industries, and the country exports moringa and moringa extract products across the globe.

Moreover, North America is slated to register the highest CAGR during the forecast period of 2024–2031. The fast growth of this region is mainly attributed to the increasing demand for moringa extracts among several industries due to the rising awareness among consumers regarding the benefits of natural-derived extracts such as moringa. Moreover, factors such as the rapidly growing dietary supplement industry, growing consumer preference for superfoods, increasing health-conscious consumers, increased focus on preventive healthcare, and a growing vegetarian population are further expected to support the high growth of the moringa extract market in North America.

Moringa Extract Market Report Summary:

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