Europe Moringa Ingredients Market
The Europe moringa ingredients market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. All the parts of the moringa tree, including seeds, leaves, flowers, and roots, are suitable for both animal and human consumption. The leaves are rich in minerals, antioxidants, protein, and beta-carotene compounds, which are used not only for animal and human nutrition but also in traditional medicine. In addition, moringa oil could be a suitable alternative to olive oil to add to the diet also to non-food applications like cosmetics, biodiesel, also a lubricant for exquisite machinery. Moringa oil is anticipated to witness massive gains in terms of demand due to its rich nutritional properties. The product further comprises a higher number of amino acids and crude protein in comparison with soybean. Furthermore, it benefits lactating mothers and pregnant women with vitamin A and E deficiencies to improve their children's nourishment by consuming powdered leaves. There has been a heightening demand for moringa leaf as a substitute food source, mainly to fight malnutrition among infants and children. Usage of the moringa ingredients for food fortification is growing across the region. More and more people are becoming aware of the nutritional benefits offered by the product and adopting this product in their daily diet. Hence, all these factors are anticipated to drive the moringa ingredients market during the forecast period.
In Europe, Russia reported a huge number of COVID-19 cases, which led to the discontinuation of several business operations, including moringa ingredients production activities. The downfall of other food & beverages producing sectors has negatively impacted the demand for moringa ingredients during the early months of 2020. Most governments were forced to impose stringent lockdowns and limitations on movement and trade due to the outbreak. This impeded product production since various businesses, including cosmetics, were forced to close down production units. The disturbance in the supply chain also resulted in a scarcity of raw materials, which contributed to a drop in finished product output. However, the relaxation of restrictions on personnel movement and the removal of lockdown have led to the reopening of the moringa ingredients production projects, thereby raising the demand for moringa ingredients. A similar trend was witnessed in many European countries, such as France, the UK, Spain, Italy, and Germany. With the economic activities regaining their pace, the moringa ingredients market in the region is likely to make up for this loss in 2021.
Strategic insights for the Europe Moringa Ingredients provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,009.60 Million |
| Market Size by 2028 | US$ 1,651.42 Million |
| Global CAGR (2021 - 2028) | 7.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Moringa Ingredients refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The moringa ingredients market in Europe is expected to grow from US$ 1,009.60 million in 2021 to US$ 1,651.42 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028. Apart from their use in food, moringa plants are also used to make medicines. They are very beneficial for conditions such as diabetes, obesity, and other health conditions. Some of the common products of the moringa are moringa oil, leaf powder, moringa tea, and moringa fruits/pods, among others. Moringa plants are expected to witness substantial demand from the pharmaceutical and nutraceutical segment, owing to their enormous medicinal as well as nutritional benefits, which have been recognized in the Unani and Ayurvedic medicines. Mostly, every part of the moringa plant, including bark, gum, root, leaf, seed, and seed oil, has been utilized for various ailments in indigenous medicine. Various pharmaceutical properties of these products are utilized by traditional therapeutic remedies for the treatment of several diseases. There has been a heightening demand for moringa seed ingredients on account of several useful medicinal and nutritional benefits of the product. It can help in treating hyperthyroidism, rheumatism, Crohn’s disease, anti-herpes-simplex virus arthritis, gout, cramp, epilepsy, and sexually transmitted diseases (STDs) by acting as an anti-inflammatory and antimicrobial agent. In addition, moringa leaves can further help in treating several other diseases such as hyperglycemia, heartburn, dyslipidemia, asthma, flu, malaria, syphilis, scurvy, skin diseases, pneumonia, diarrhea, headaches, eye & ear infections, and bronchitis. They may also help reduce cholesterol as well as blood pressure and can act as antimicrobial, antidiabetic, antioxidant, anticancer, and anti-atherosclerotic agents.
Based on type, the leaves and leaf powder segment accounted for the largest share of the Europe moringa ingredients market in 2020. Based on category, the conventional segment accounted for the largest share of the Europe moringa ingredients market in 2020. Based on application, the food and beverages segment accounted for the largest share of the Europe moringa ingredients market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe moringa ingredients market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Dominate Industries; Moringa Initiative Ltd.; Green Era Foods & Nutraceutics; Earth Expo Company; Saipro Biotech Private Ltd.; All Herbscare; ConnOils LLC; Santan International and Herbs & Crops Overseas.
The Europe Moringa Ingredients Market is valued at US$ 1,009.60 Million in 2021, it is projected to reach US$ 1,651.42 Million by 2028.
As per our report Europe Moringa Ingredients Market, the market size is valued at US$ 1,009.60 Million in 2021, projecting it to reach US$ 1,651.42 Million by 2028. This translates to a CAGR of approximately 7.3% during the forecast period.
The Europe Moringa Ingredients Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Moringa Ingredients Market report:
The Europe Moringa Ingredients Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Moringa Ingredients Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Moringa Ingredients Market value chain can benefit from the information contained in a comprehensive market report.
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