According to HTF Market Intelligence, the Global Moringa Oil Market market to witness a CAGR of 9.5% during forecast period of 2023-2028. Global Moringa Oil Market Breakdown by Application (Cooking oil, Topical cleanser and moisturizer, Cholesterol management, Antioxidant, Anti-inflammatory, Others) by Distribution Channels (Direct, Distributor) by Production Method (Solvent Extraction, Cold-Pressing, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Moringa Oil Market market size is estimated to increase by USD 3.64 Billion at a CAGR of 9.5% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 3.06 Billion.
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Moringa oil is a type of vegetable oil derived from the seeds of the Moringa oleifera tree, also known as the drumstick tree. It is a light, non-greasy oil that is rich in antioxidants and nutrients, making it a popular ingredient in cosmetic and personal care products. The Moringa oil market refers to the global trade and consumption of this oil, which is used in a variety of products, including skin and hair care products, perfumes, and dietary supplements. The market is driven by increasing consumer demand for natural and organic products, as well as growing awareness of the health and nutritional benefits of Moringa oil. The market is expected to continue to grow in the coming years, with the Asia-Pacific region being the largest consumer of Moringa oil due to its traditional use in Ayurvedic medicine.
Moringa Oil Market market – Key Segment Analysis
The market share growth by the Solvent Extraction segment will be significant during the forecast period. The segment is driven by the Growing Number of Ageing Population and Demand for Healthy and Nutritious Products for better Wellbeing.
Moringa Oil Market market – Competition Analysis
The global Moringa Oil Market market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are AG Industries (India), Katyani Exports (India), Kanta Enterprises Private Limited. (India), Konark Herbals & Health Care (India), Bo International (India), SNN Natural Products (India), Grenera Nutrients Private Limited (India), Standard Herbal Products Private Limited. (India), Rmayra Naturals Impex (India).
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Moringa Oil Market
Market Drivers
- Growing Number of Ageing Population and Demand for Healthy and Nutritious Products for better Wellbeing
Market Trend
- Increasing Use of Moringa in the Production of Nutritional Supplements and Consumption of Moringa Seeds Products is High
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What key data is demonstrated in this Moringa Oil Market market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Moringa Oil Market market between 2023 and 2028
- Precise estimation of the size of the Moringa Oil Market market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Moringa Oil Market market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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