Russia – Ukraine War and Its Impact Analysis on Global Maca Powder Market During the Near Future

The latest market report published by Credence Research, Inc. “Global Maca Powder Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Maca Powder Market generated revenue of around USD 492.32 million in 2021 and is anticipated to grow a CAGR of over 9.86% during the forecast period from 2022 to 2028 to reach around USD 1,042.07 million in 2028. While, cumulative growth opportunity presented by the global Maca Powder is around USD 5,554.22 billion during 2022 to 2028.

Global Maca Powder Market, 2021 – 2028 (USD Million)

Browse the full report at Maca Powder Market : Growth, Share, and Competitive Analysis, 2016 – 2028 | Credence Research

Maca is an herbaceous biennial plant which is native to South America. Maca is also widely known as Peruvian ginseng. Maca is completely grown organically and manually. Almost one third of Maca Powder can be produced from fresh Maca. Raw Maca contains around 65 to 70% carbohydrates, 10 to 14% proteins, 8.5% dietary fiber, etc. Maca is primarily grown for its root. Vast majority of Maca is dried and used in powdered form. Price of Maca Powder is above USD 50 per kilogram. Large number of Chinese buyers are trying to purchase raw Maca from Peru. Under Peruvian law, it’s illegal to export raw Maca. However, tons of raw Maca is smuggled every year out of Peru. Maca is mainly cultivated in and around Andes in Peru. Maca is nationally protected plant of Peru.

Red Maca Powder to Grow at Rapid Pace

Red, Black and Yellow are some of the important types of Maca Powder produced and consumed across different region. However, Red Maca Powder is growing in demand and held significant share in total revenue generation with over 40% in 2021. While, yellow and black maca powder segments collectively held over 50% share in total revenue generation in 2021 and poised to play important role in growth of Maca Powder in the years to come.

Growing Demand for Health Food Driving the Growth of Maca Powder Consumption

Health Drugs, Health Foods, Nutritional Supplements, Others are major application markets for the global Maca Powder industry. Health Food industry held the largest share of global Maca Powder industry in 2021 with over 30% contribution to revenue generated by Maca Powder market. Secondly, Nutritional Supplements  and Medicinal applications are also expected to grow at a significant CAGR which in turn likely to drive demand for Maca Powder.

North America is Second Leading Market for Maca Powder

North America is second leading the Maca Powder industry with over 20% share in 2021. Whereas, China is leading consumer of Maca Powder with whopping hundreds of tons of consumption in 2021. Despite of being the largest consumer, China emerging as leading importer of Maca Powder. Australia, Canada, U.S. and UK are some other important consumers of Maca Powder.

Significance of War between Russia & Ukraine for Maca Powder Importers

There will be no significant impact of war between Russia and Ukraine on global Maca Powder market. Russia and Ukraine are neither have significant contribution in production of Maca Powder nor the consumption. However, highly restricted regional production of Maca is major factor arresting the growth of Maca Powder market.

Major players operating in the Maca Powder industry include but not limited to Nutrality Superfoods, Greenlife Biotechnology, Amazon Andes Export SAC, Naturya, Cosmic Nutracos Solutions, The MacaTeam, Feel Good Organics, Herbo Nutra and Xi’an Fengzu Biological Technology.

 

 

Market Segmentation

Global Maca Powder Market by Type, 2016 – 2028

  • Red
  • Black
  • Yellow

Global Maca Powder Market by Application, 2016 – 2028

  • Health Drugs
  • Health Foods
  • Nutritional Supplements
  • Others

Global Maca Powder Market by Company, 2016 – 2028

  • Nutrality Superfoods
  • Greenlife Biotechnology
  • Amazon Andes Export SAC
  • Naturya
  • Cosmic Nutracos Solutions
  • The MacaTeam
  • Feel Good Organics
  • Herbo Nutra
  • Xi’an Fengzu Biological Technology
  • Others