Pune, India -- (SBWire) -- 11/08/2018 --Moringa also known as Moringa Oleifera, is a nutrient-dense food mainly found in India and Africa. Moringa has potential benefits especially in countries where malnutrition is widespread. It easily grows in tropical and subtropical countries. It is widely recognized in medical field as a potential healing solution for treating various hair and skin diseases like edema, liver damage, cancer and arthritis. The pods, seeds, bark and leaves of the plant are used to prepare Moringa oil, Moringa tea, leaf powder, and Moringa seed capsules. Growing demand for inexpensive nutrient-dense products is driving the growth for this market.
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The moringa and moringa products market, in terms of revenue, which was estimated at US$ 4,630.4 Mn in 2016, is expected to reach US$ 7,375.8 Mn by 2021.
The primary market participants include Ancient Greenfields Pvt Ltd (AGF), Dominate Industries, Dawn Moringa, Earth Expo Company, Grenera Nutrients Pvt Ltd, Genius Nature Herbs Pvt. Ltd. and SVM Exports amongst others.
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The recent rise in the health problems in the developing countries due to exploding population and incompetent healthcare dexterity, along with up-surging expense of available medical facilities and the dangerous side effects of chemical drugs has mandated the production of versatile and cost-effective healthcare products. The recent developments in Moringa products has propelled the growth of this industry globally. Increase in investment for research and development to deploy effective products will drive the moringa and moringa products market in future.
Seeds Product Segment Estimated to be the Fastest Growing during the Forecast Period
The Moringa pod seeds particularly is known to contain the highest nutritional value than the pods or the leaves of the tree. They are used alleviate a host of ailments and can be stored unspoiled for longer period of time. They are used as a health supplement in the form of powder or tablets or can be simply incorporated into soup or curry dishes. They have been used in Ayurveda medical tradition as a specific cure for arthritis and cancer. They are also crushed and applied locally to treat skin disorders like inflammations and the cold pressed Moringa seed oil is used to treat impure water. Thus, the widespread application and longevity of the seeds have propelled its adoption in medical industry and is generating the highest market share.
Asia Pacific is Anticipated to Hold a Significant Share in the Global Market.
The large-scale production of Moringa plants due to favorable climatic conditions in this region has made Asia Pacific region the largest market share holder for Moringa and Moringa Products Market. Also, the low financial investment for its cultivation has aided its growth and has created employment opportunities in developing countries like India. Export businesses are generating income for the farmers. These factors are providing an impetus to the popularity of this market.
Moringa and Moringa Products Market is Fragmented in Nature with the Presence of Global and Regional Players
Some of the significant players functioning in the market include Ancient Greenfields Pvt Ltd (AGF), Dominate Industries, Dawn Moringa, Earth Expo Company, Grenera Nutrients Pvt Ltd, Genius Nature Herbs Pvt. Ltd. and SVM Exports amongst others. Ancient Greenfields Pvt Ltd (AGF) manufactures a Moringa product line called as Organic-Veda, which produces leaf powder, herbal health tea, turmeric powder, capsules and organic spices.
Moringa and Moringa Products Market - By Products:
Seeds
Vegetable and Industrial Oil
Dried Leafs
Powder
Others
Moringa and Moringa Products Market - By Application :
Healthcare
Personal Care
Foods and Beverages
Others
Market By Region:
North America
U.S.
Rest of North America
Europe
France
UK
Germany
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South East Asia
Rest of Asia Pacific
Middle East & Africa
GCC Countries
Southern Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America
