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Baobab Ingredient Market Size, Share Analysis, Growth, Trends And Global Forecast 2023-2032 | Nexira SAS, Woodland Foods Ltd., Eco-Products Inc., Halka B Organics, BI Nutraceuticals Inc.
Baobab Ingredient Market Report
The Business Research Company's Baobab Ingredient Global Market Report 2023 identifies growing consumer inclination towards functional foods and drinks as the major driver for the baobab ingredient market's growth in the forecast period. Functional foods and drinks refer to foods and beverages that provide health benefits other than their nutritional value. Baobab ingredients, such as baobab fruit pulp and powder, are rich in antioxidants, vitamin C, calcium, iron, magnesium, potassium, and fiber and play an essential role in the manufacturing of functional foods and drinks, commercial product applications such as single-strength beverages, smoothies, and yogurts.
The global baobab ingredient market is expected to grow from $4.86 billion in 2022 to $5.20 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The baobab ingredient market is expected to reach $6.64 billion in 2027 at a CAGR of 6.3%.
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Major competitors in the baobab ingredient market are Nexira SAS, Woodland Foods Ltd., Eco-Products Inc., Halka B Organics, BI Nutraceuticals Inc.,
A key trend in the baobab ingredient market includes product innovation. Major companies operating in the baobab ingredient market are developing innovative products to sustain their position in the baobab ingredient market. For instance, in October 2021, Blue Sky Botanics Ltd., a UK-based liquid botanical extracts manufacturer, introduced organic baobab fruit puree. It is high in dietary fiber and contains vitamin C, potassium, and calcium. This ready-to-use fruit ingredient is highly nutritious and offers a convenient option for incorporating baobab into various food and beverage products. It is manufactured on Blue Sky's aseptic production line, preserving nutrients and long shelf life.
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The baobab ingredient market is segmented -
•By Product: Baobab Pulp, Baobab Powder, Baobab Oil
•By Source: Organic, Conventional
•By Distribution Channel: Direct Channel, Indirect Channe
•By Application: Food And Beverages, Nutraceuticals, Cosmetics, Other Application
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the baobab ingredient market.
The Business Research Company's "Global Baobab Ingredient Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Baobab Ingredient Market Include:
1. Executive Summary
2. Baobab Ingredient Market Characteristics
3. Baobab Ingredient Market Trends And Strategies
4. Baobab Ingredient Market - Macro Economic Scenario
5. Global Baobab Ingredient Market Size and Growth
……
32. Global Baobab Ingredient Market Competitive Benchmarking
33. Global Baobab Ingredient Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Baobab Ingredient Market
35. Baobab Ingredient Market Future Outlook and Potential Analysis
36. Appendix
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