[FURL=https://www.industryarc.com/Research/Moringa-Market-Research-507378]Moringa Market[/FURL] size is estimated to be $6.3 billion in 2019, growing at a CAGR of 8.7% during the forecast period 2020-2025. Moringa is a vegetable tree that is also called the drumstick tree, the miracle tree, the benoil tree or the horseradish tree. Moringa is an important food source in some parts of the world owing to its high content of vitamins and minerals, it is used in feeding programs to fight malnutrition. Growing population along with increasing prevalence of diabetes, chronic disease, cancer, and other cardiovascular diseases and the preference of vegetarian foods among consumers is a significant factor driving the Moringa market in the upcoming years. Product launches, development, collaboration is some of the key factors that the companies are adopting in order to expand their product portfolio is further contributing to its market growth. For instance, in February 2019, All Moringa launched a new natural luxury brand of moringa health and wellness products. Further, the internal supplements and therapeutic skin care products are made using the moringa tree and are 100 percent pure with no synthetic ingredient added, thus propelling the market growth.Key Takeaways
The moringa oil accounted for the largest market share in 2019 owing to its several advantages for protecting the hair against free radicals and keeping it clean and healthy.
Food and Beverages segment held the largest market share in the year 2019 owing to the wide usage of Moringa in beverages as well as in food products.
Europe contributed to the largest market share of 37% owing to rising demand for nutritional supplements from the region.
Increasing awareness among consumers regarding nutritional benefits of Moringa is a significant factor driving the Moringa market during the forecast period 2020-2025.
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Moringa Market Segment Analysis - Geography
Europe contributed to the largest market share of 37% owing to rising demand for nutritional supplements from the region. APAC is another significant region for moringa market owing to the presence of prime producer in the region with an annual production of 2.20 to 2.40 million tonnes of tender fruits. Moreover, moringa is grown extensively in the tropics and subtropics of India and Africa which in turn is boosting its market growth in that region. North America Moringa market is another dominant market owing to the product innovation and development coupled with enhanced fundings offered by the key players.
Moringa Market Drivers
Increasing Awareness Among Consumer Regarding Nutritional Benefits of Moringa
Cost-Effectiveness
Moringa Market Industry Outlook : Moringa Market top 10 companies are Grenera, Healing Moringa Tree, Holy Natural, Moringa Farms Inc., Moringa For Life, Natures Velvet Life Care, Organic Tree, Orgrain India, Swmabhan Commerce Pvt Ltd and Tradin Organic Agriculture.
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