Nigerian farmers are eyeing a slice of the $10.8bn global market for Moringa, a tree prized for its nutritional, cosmetic, and medicinal value.
The fast-growing, drought-resistant Moringa, scientifically called ‘Moringa oleifera, is indigenous to South Asia and widely cultivated in tropical and subtropical countries like Nigeria.
The global market size of Moringa products was put at $10.8 billion in 2023, according to data from Zion Market Research. It is projected to hit $18.2 billion by 2030, with a growth rate of 8.5 percent annually,