Baobab (Adansonia digitata) is the largest tree species of the genus Adansonia, from which its fruits are obtained. Baobab is native to the African continent, typically observed in sub-Saharan African countries. The baobab tree takes about 16–23 years to mature and produce its flowers. Baobab is a multi-purpose tree; its fruit pulp, roots, seeds, leaves, flowers, and bark can be utilized for human consumption. Baobab is rich in vitamin C, calcium, protein, phosphorus, fiber, carbohydrates, potassium, and lipids. Furthermore, the powder is made of baobab fruit, which is a prominent ingredient on the European market. Baobab has an extensive range of active properties, such as anti-inflammatory, anti-malarial, antioxidant, and anti-microbial. The seeds are used as a thickener for meals, while its leaves are eaten as a vegetable. Baobab leaves, roots, bark, fruits, and seeds can also be used to treat diarrhea, asthma, anemia, infections, and skin issues. Furthermore, baobab fruit is a wholesome nutrient fruit that has different uses as per its form. Baobab is gaining popularity in various sectors such as functional foods, beverages, nutraceuticals, cosmetics, sauces seasonings, and others, which is triggering the growth of the market. The high shelf life of the product is having a positive impact on the growth of the market. Growing consciousness of the baobab in various regions is anticipated to surge the growth of the market.
The income earned from the sale of This Study and technologies by various application industries is considered in the report. This section also includes an analysis of global production volume and production volume by type for the projection period. Factors that influence market growth are important because they may be used to design diverse strategies for capturing the lucrative possibilities that exist in the ever-growing industry. In addition, market expert perspectives have been incorporated to better understand the industry.
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Key Industry Players in Baobab Market:
- Soaring Free Superfoods
- Ecuadorian Rainforest LLC
- Woodland Foods
- Mighty Baobab Limited
- ADUNA Ltd.
- Organic Africa
- ALAFFIA
- Atacora Essential Inc.
- Baobab Foods Inc.
- Organic Herb Trading Company
- Afriplex (PTY)
- Superfruit Scandinavia AB
- Baobab Fruit Company Senegal
- B'Ayoba (Pvt) Ltd.
- EcoProducts
- Farafena
- Holland Barrett Retail Ltd.
- Soaring Free Superfoods
- Indigo Herbs Ltd.
- Kiki Ltd.
- Organic Burst UK Ltd.
- Powbab Inc.
- Stern Ingredients Inc.
- Z Natural Foods LLC and other major players.
Baobab extract such as oil, powder, and pulp are rapidly gaining acceptance in industries such as food beverages, nutraceuticals, and personal care, among others. Manufacturers in the beverage industry are highly inclined towards introducing baobab in their product range owing to the growing demand for healthy and functional beverages. For instance, in June 2021, Coca-Cola, through its brand Aquarius Vive launched a soft drink infused with baobab extract. Also, the demand for baobab extracts is witnessed to be rising in the personal care industry, which will significantly contribute to the growth of the market.
Segmentation Analysis Includes,
By Type:
- Oil
- Powder
- Pulp
- Others
By Species:
- Adansonia Digitata
- Kilima
- Grandidieri
- Madagascariensis
- Others
By Application:
- Food Beverages
- Personal Care
- Nutraceuticals
- Others
By Distribution Channels:
- Assemblers
- Rural Wholesalers
- Urban Buyers
- Online
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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Questions Answered in the Baobab Market Research Report:
- At what CAGR is the baobab market projected to grow during the forecast period?
- Who are the top players in the global baobab market?
- What are the different forms of baobab?
- Which region is expected to dominate the baobab market?
- Who are the prominent manufacturers of Baobab in the global market?
- What is the growth rate of Baobab Market?
This indicates towards a customer tends to be more open towards products with natural ingredients, which makes the future prospects for baobab infused energy drinks brighter. The possibility of more companies adapting to natural ingredients such as baobab ingredients is heightened, improving the prospects for market participants in the baobab market to invest their revenue.
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters.
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