Press release
Global Baobab Market is Predominantly Driven by the Nutraceuticals Industry; MRFR Reveals the Forecast for 2019 to 2024
Baobab Market
Get a FREE Sample Copy of Report; https://www.marketresearchfuture.com/sample_request/4913
Baobab oil is a highly moisturizing ingredient and light on the skin, which makes it oil for all seasons. Resultantly, the baobab market witnesses steady demand and increase throughout the year. Additionally, factors such as the increasing geriatric populace and growing uptake of baobab extracts in nutraceuticals provide impetus to the market growth.
According to Market Research Future (MRFR), the Baobab Market is projected to reach USD 3.75 BN by 2024, registering 9.4% CAGR throughout the assessment period (2019 – 2024). Baobab extract such as oil, powder, and pulp are gaining acceptance in industries such as food & beverages, nutraceuticals, and personal care, among others. A widespread awareness is observed among people about the benefits of foods and beverages infused with the goodness of baobab extracts.
On the other hand, the high prices and the demand-supply gap in baobab extracts are major factors impeding the growth of the market. Nevertheless, increasing numbers of health-conscious populaces and the expansion of distribution channels would support market growth throughout the review period.
Global Baobab Market – Competitive Analysis
Highly competitive, the Baobab market appears to be well expanded with the presence of several major players operating at a global level. To gain a larger competitive share, market players adopt strategies such as mergers & acquisitions, expansion, collaboration, and product/ extraction technology launch. Producers of Baobab continue expanding its product portfolio, enhancing sustainable sourcing & production, increasing brand awareness & widening distribution. The competitive strength of market players depends on product precision, pricing, and product reliability.
Get a FREE Sample Copy of Report: https://www.marketresearchfuture.com/sample_request/4913
Global Baobab Market – Segments
The report has been segmented into four major dynamics.
By Category : Organic and Conventional
By Form : Oil, Powder, and Pulp
By Application : Food & Beverages (Beverages, Sweet & Savory Snacks, Dairy & Frozen Desserts, others), Nutraceuticals, Personal Care, and others.
By Regions : Americas, Europe, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Global Baobab Market – Geographical Analysis
Europe accounts for a significant share in the global Baobab market. The largest share of the market attributes to the high consumer inclination towards functional beverages. Well-spread awareness about the health benefits that Baobab fruit extracts can extent is a major tailwind pushing the growth of the market. Simultaneously, the increasing per capita income and the growing trend of health & fitness in the region provide a tremendous impetus to the market growth.
Additionally, the presence of notable baobab providers and the nutraceuticals industry in the region drives a huge market share. Besides, the sports nutrition sector influences the size of the Baobab market in the region. The European Baobab market is estimated to retain its dominance throughout the assessment period.
North America stands second in the global baobab market, mainly due to the widespread awareness about the benefits of oil extract of baobab trees. Moreover, the rising numbers of health-conscious populaces and the demand for nutraceuticals help to increase the share of the baobab market in the region. North America is a hub for a variety of organized as well as professional sports. The presence of one of the largest sports nutrition industry creates vast market demand. The baobab market in North America is expected to witness substantial growth during the review period.
Asia Pacific is an emerging market for Baobab and its extracts. Increasing demand for natural & healthy ingredients in food products is contributing to the growth of the regional market. Also, growing awareness is estimated to contribute to the regional market growth, significantly. The demand for baobab oil has been rising continually in countries such as Japan, China, and India. Suppliers of natural oils & butter have been producing and supplying baobab oil, which, as a result, is increasing the market sales in the region.
Major Players:
Players leading the global Baobab market include Afriplex (PTY) Ltd. (South Africa), Baobab Foods LLC (US), Mighty Baobab Limited (UK), B'Ayoba (Zimbabwe), Eco Products (South Africa), Organic Africa (Zimbabwe), Ojoba Collective (Finland), Baobab Fruit Company Senegal (Italy), Mukwati Oils (Pvt) Ltd (Zimbabwe), Savannah Fruits Company (Ghana), Baonane SARL (Senegal), PARODI NUTRA SRL (Italy), Nexira (France), Henry Lamotte Oils GmbH (Germany), and Woodland Foods (US), among others.
Access Report: https://www.marketresearchfuture.com/reports/baobab-market-4913
Industry/ Innovation/ Related News:
February 20, 2020 ---- Nakin Skincare (the UK), a leading global luxurious natural Anti-Ageing skincare system, launched its new award-winning anti-aging skincare line created with a blend of shea, mint, and Baobab.
Note: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Baobab Market is Predominantly Driven by the Nutraceuticals Industry; MRFR Reveals the Forecast for 2019 to 2024 here
News-ID: 2208958 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Baobab
Baobab Powder Market Developments, Competitive Analysis, Forecasts 2030 - Baobab …
The report is designed to provide a holistic view of the Baobab Powder Market market from 2023 to 2030. Several vital aspects are discussed in this Baobab Powder Market report in terms of growing business and resulting market revenues. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Business players can easily make a gainful decision by understanding the data provided in this…
Baobab Ingredient Market By Product Type (Baobab Pulp, Baobab Powder, Baobab Oil …
Baobab Ingredient Market size is expected to reach nearly US$ 6.93 Bn by 2029 with the CAGR of 5.25% during the forecast period.
This Market research provides up-to-date analysis by gathering data on numerous variables such as market drivers, restraints, and opportunities. The market study focuses on the worldwide industry ecosystem, including key regional players. This novel study employs numerous analysis based on SWOT and PESTLE to gain a better understanding…
Baobab Powder Market 2019 Global Top Key Players - ADUNA Ltd., Atacora Essential …
The baobab powder is prepared from the baobab fruit pulp after it is dried and ground. It has a sweet and citrusy flavor. Baobab is considered as nutraceutical superfruit and is often used as health supplements. The powder is beige and is commonly used to thicken sauces and beverages. Baobab powder is rich in dietary fibers, calcium, iron, potassium, and magnesium and makes an exceptional natural ingredient for food and…
Baobab Market 2018 Exclusive Analysis by Renowned Players | Mighty Baobab Limite …
Market Analysis:
Due to health benefits associated to baobab fruit, the market is growing at a substantial pace of development on the global stage. Baobab fruit is found in the regions of Africa, Arabia, and Australia. It can be sourced from any of nine species of tree in the genus Adansonia. However, majority of the species are native to Madagascar in African region. The fruit is often referred as “superfruit” as…
Baobab Ingredient Market By Key Players: Baobab Foods, Woodland Foods, TheHealth …
Baobab Ingredient Industry Overview
The Baobab Ingredient market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Baobab Ingredient market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Baobab Ingredient market…
Baobab Ingredient Market 2018-2024 In-depth Analysis by Chief Players - Woodland …
Baobab Ingredient Market set to Exceed USD 5 Billion by 2024. Rising disposable income and higher purchasing power ascribe to be a major growth factor for baobab ingredient industry. It is extensively utilized for making smoothies, juices and consumed in form of ice-creams, cookies and jams thus driving product demand.
Request for sample copy of this report @ https://www.gminsights.com/request-sample/detail/2739
Company Profiles
1. BFCS - Baobab Fruit Company Senegal - baobab.com
2. The Healthy Tree Company
3. Atacora…
