Market Introduction
The North America 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. Also, moringa products manufacturing companies in North America are continuously enhancing their product portfolio. For instance, ConnOils LLC is one of the leading supplement manufacturers, distributors, and wholesale suppliers of bulk orders of Moringa oil in North America. Connoils creates moringa oils and oil powders meeting food, nutritional, and drink grade standards. The company supplies USA-made bulk oils, oil powders, and soft gels to international businesses in countries across the world. In addition, a few of the key players offering moringa products across the region are Kuli Kuli Inc, Moringa Malawi, and Organic India Pvt Ltd. Besides, Most of the population in North America is becoming physically active. Thus, the obesity endemic is still a common concern that leads to chronic cardiovascular diseases (CVD), as well as high blood pressure and cholesterol. As per National Health and Nutrition Examination Survey (NHANES) 2015 to 2016, 39.6% of US adults and 18.5% of the youth were accounted as being obese, whereas 7.7% of adults and 5.6% of youth had a critical obesity problem. Consumers in developed countries are adopting products that help in maintaining a healthy lifestyle. Therefore, the increasing adoption of weight management among working professionals, mainly in the US and Canada, and the surging health concerns among consumers would drive the growth of the moringa ingredients market in North America during the forecast period.
In North America, the US 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 North American countries such as Mexico, Canada, Cuba, and Costa Rica. With the economic activities regaining their pace, the moringa ingredients market in the region is likely to make up for this loss in 2021.
Market Overview and Dynamics
The moringa ingredients market in North America is expected to grow from US$ 1,190.25 million in 2021 to US$ 2,029.09 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. Moringa ingredients obtained from the moringa plant are extremely nutritious and possess many health uses. All the parts obtained from a moringa tree can be utilized as ingredients for moringa products. For instance, seeds can be used for the preparation of oil and the pod is utilized in medicines and for human consumption. In addition, the leaf can be utilized as animal feed and in various health products. It is well-known that moringa has applications in food & beverages, cosmetics & personal care products, pharmaceuticals, and other industries. However, there is an increasing demand for organic plant-based products such as food, skincare, haircare, and medicines, from consumers since they are aware of side effects caused by conventionally produced products. This is showcasing a new platform for organic moringa products in the North America market. Major market players such as Kuli Kuli Foods and others, are offering organic moringa powder for the consumers. Moringa flower possesses D-glucose, wax, and sucrose. Also, it is rich in potassium and calcium, along with nine amino acids. The tea made with organic moringa flowers is considered to have numerous nutritional benefits and is considered to be powerful medicine. Moringa leaves also contain many anti-aging compounds, including vitamin C, beta-carotene, polyphenols, quercetin, and chlorogenic acid, which further scale back the consequences of oxidative stress and inflammation. The surge in the North America demand for organic moringa products can create a new path for organic product manufacturers to invest in this market.
Key Market Segments
Based on type, the leaves and leaf powder segment accounted for the largest share of the North America moringa ingredients market in 2020. Based on category, the conventional segment accounted for the largest share of the North America moringa ingredients market in 2020. Based on application, the food and beverages segment accounted for the largest share of the North America moringa ingredients market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America 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.
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North America Moringa Ingredients Market Segmentation
North America Moringa Ingredients Market -By Type
North America Moringa Ingredients Market – By Category
North America Moringa Ingredients Market -By Application
North America Moringa Ingredients Market – By Country
North America Moringa Ingredients Market – Company Profiles