Published Date: 16-Jul-2020
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According to a new report Global Moringa Ingredients Market, published by KBV research, The Global Moringa Ingredients Market size is expected to reach $120.3 Million by 2026, rising at a market growth of 11.4% CAGR during the forecast period.
The cosmetics and personal care application segment have gained significant revenue owing to the widespread usage of the product due to its moisturizing effects and the advantages of improving collagen to minimize fine lines, sagging skin, and wrinkles. The food & beverage application segment, on the other hand, is expected to see substantial demand due to consumer awareness on the relationship between health, nutrition, and food, as well as increased demand for better diets with functional ingredients like Moringa oleifera.
The pharmaceutical application segment is anticipated to witness significant demand due to enormous medicinal and nutritional benefits, which has received recognition in the Unani and Ayurvedic medicine. Mostly every part of the plant, such as bark, leaf, root, gum, seed, and seed oil, has been used for various ailments in the indigenous medicine. Different pharmaceutical properties of the product are utilized by traditional medical treatments for the diagnosis of several diseases.
In addition, the growing demand for herbal and botanical products as part of the food consumption will support market growth. Growing concerns over glutamic disorder in the United States, Germany, Japan, and the United Kingdom. It may increase the demand for plant-derived supplements.
The Asia Pacific recorded the highest market share. Growing consumer awareness of moringa's health and nutritional benefits is one of the major factors determining the industry's growth in developing countries such as China, India, and the Philippines. North American countries like the U.S. and Canada are anticipated to witness increased demand during the forecast period due to increasing preference towards the plant-based ingredients. This inclination is encouraging the producers to utilize plant-based ingredients to enhance cosmetics, food, and supplements items. The product is slowly gaining traction in Europe with the growing use of organic food supplements.
Structural Insights: https://www.kbvresearch.com/moringa-ingredients-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Himalaya Drug Company (Himalaya Global Holdings Ltd.), Earth Expo Company, Grenera Nutrients Private Limited, Kuli Kuli, Inc., Herbs & Crops Overseas, Saipro Biotech Private Limited, Moringa Wellness LLC, Organic India Pvt. Ltd., Green Era Foods & Nutraceutics, and Genius Nature Herbs Private Limited.
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