Global Moringa Products Market 2018-2022
About Moringa Products
Moringa is the sole genus of the flowering plant Moringaceae and is indigenous to the Indian sub-continent. Currently, moringa is widely cultivated in India, the Philippines, African countries and in some parts of the US and the European Union. Moringa products are widely recognized for their health benefits. Besides, moringa products are available in various forms like moringa tea, moringa oil, moringa leaf powder, and moringa seeds.
Technavio’s analysts forecast the global moringa products market to grow at a CAGR of 9.53% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global moringa products market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Moringa Products Market 2018-2022
Technavio recognizes the following companies as the key players in the global moringa products market: Ancient Greenfields, Earth Expo Company, Grenera, Kuli Kuli, and Genius Nature Herbs.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing millennial population worldwide. Millennials are defined as the people who were born in the early 1980s to late 1990s; as of 2017, their age range should be between 18 and 36 years. The moringa products consumption is quite popular among the millennial generation, as they have a relatively higher inclination toward trying out new product variants and flavors as compared to the older generations.”
According to the report, one driver in the market is rising awareness of the health benefits of moringa products. Over the last decade, the market for moringa products, which includes moringa leaf powder, has grown significantly. This growth is attributable to the increasing consumer demand for moringa products that is being propelled by growing awareness of their health benefits, particularly in Europe and the Americas.
Further, the report states that one challenge in the market is growing demand for other superfood-based products. The global moringa products market is a niche and yet a nascent market category in the global health and wellness food market. Although there is increasing penetration of other plant-based superfood products, the global moringa products market will only experience a moderate increase in its year-over-year growth during the next five years.
Ancient Greenfields, Earth Expo Company, Grenera, Kuli Kuli, and Genius Nature Herbs.