Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.5 Billion | USD 18.2 Billion | 8.5% | 2022 |
FrequentlyAsked Questions
The tree known as Moringa oleifera, sometimes known as the drumstick tree, miracle tree, or horseradish tree, has long been valued for its contributions to both bodily and emotional well-being. Moringa oleifera is a rich source of bioactive plant components and beneficial antioxidants. The moringa oleifera plant is very nutritious, and its leaves are a fantastic source of several vitamins and minerals.
The growing consumer knowledge of the drumstick's numerous health advantages in addition to its traditional use as a vegetable in many Asian countries is one of the major factors impacting the Moringa market. Due to its extensive use in several pharmaceutical, cosmetic, and dietary supplement products, the business has expanded.
According to the report, the global Moringa market size was worth around USD 9.5 billion in 2022 and is predicted to grow to around USD 18.2 billion by 2030.
The global Moringa market is expected to grow at a CAGR of 8.5% during the forecast period.
The global Moringa market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing knowledge about the benefits of moringa.
The global Moringa market is dominated by players like Paritosh Herbals, Marudhar Impex, New Global Energy Inc., Vyora Herbals Private Limited, Green Earth Products Pvt. Ltd., Philippine Moringa and More Corporation, Jailev International Trading Corporation, Genius Nature Herbs Private Limited, Mother’s Farm, Earth Expo Company, Tropical Palm Herb Manufacturing, Grenera, Ancient Greenfields, Only Natural Inc., Kuli Kuli Foods, Organic India Pvt Ltd., Moringa Pura Vida, Aayuritz Phytonutrients Pvt Ltd., Moringa Initiative Ltd., Dominate Industries and Green Virgin Products LLC among others.
The Moringa market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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