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Global Baobab Ingredient Market: By Type: Powder, Pulp, Oil; By Application: Food and Beverages, Nutraceuticals, Cosmetics, Others; By Source: Organic, Conventional; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Baobab Ingredient Market Outlook
The global baobab ingredient market is expected to grow at a CAGR of 5.80% in the forecast period of 2023-2028.
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North America and the Asia Pacific Regions to Significantly Contribute to the Growth of the Global Market
In North America, an increase in demand for natural and healthy ingredients is boosting the demand for baobab ingredients. It is full of essential minerals and adds a distinct taste to beverages. Mexico, Canada and the U.S. are the significant regions driving the market growth. Furthermore, due to the growing consumer inclination towards functional foods and drinks, the region is witnessing an increased demand for baobab. Moreover, the product’s demand is growing in the Asia-Pacific, particularly in the China, India, and Japan regions, due to its application in the nutraceutical and food industry.
The growing demand for high performance and natural ingredients in personal care products, such as shampoos, day and night creams, body lotions, and serums, among others, are gaining traction among buyers as the goods are free from harmful chemicals. The growing popularity of such products is boosting the market expansion. In addition to these factors, the increasing availability of the product via e-commerce channels is further propelling the growth of the market.
Baobab Ingredient: Market Segmentation
The baobab is a tree native to Africa, the Middle East and Australia. The tree's fruit is edible and the seed of this fruit can be used in foods as a natural preservative. It comprises of essential nutrients, such as phosphorus, carbohydrates, vitamin C, antioxidants and several vital minerals like potassium, magnesium, iron and zinc. The plant's leaves are rich in calcium and high-quality proteins and are easily digested. Furthermore, the seeds and kernel of the plant are full of fibre, fat and micronutrients like thiamine, calcium and iron. Baobab can be used as powder, pulp, and oil and has increased application scope in cosmetics and personal care, and the food and beverage industry.
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By type, the market can be segmented into:
- Powder
- Pulp
- Oil
Based on application, the market can be divided into:
- Food and Beverages
- Nutraceuticals
- Cosmetics
- Others
On the basis of source, the primary segments are:
- Organic
- Conventional
The EMR report looks into the regional markets for baobab ingredient like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Application of the Product in Various Industries is Bolstering the Market Growth
The market for baobab ingredient is being propelled by its increasing applications in various end-use industries. The product helps in dermis protection and reduces skin inflammation due to its nutritional content. Therefore, it finds application in organic personal care products, which is driving its demand, and aiding the market growth. Additionally, it is increasingly being used in the nutraceutical industry as it has a high amount of minerals and vitamins, antioxidants, anti-inflammatory, antimicrobial, and fibres that increases metabolism, thereby furthering the market growth.
Furthermore, due to the ingredient's preservative properties, it is used in the food industry thus, resulting in the industry's expansion. It is also added in drinks as it offers a unique taste, which is popular among consumers. Similarly, the fruit's pulp can be used as a flavouring ingredient in yoghurt and ice cream, consequently furthering its demand. All these factors are collectively contributing towards the growth of the global market.
Key Industry Players in the Global Baobab Ingredient Market
The report gives a detailed analysis of the following key players in the global baobab ingredient market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Baobab Foods, LLC
- Baobab Fruit Company
- NEXIRA
- Afriplex (Pty) Ltd
- EcoProducts
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Source, Region |
| Breakup by Type | Powder, Pulp, Oil |
| Breakup by Application | Food and Beverages, Nutraceuticals, Cosmetics, Others |
| Breakup by Source | Organic, Conventional |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Baobab Foods, LLC, Baobab Fruit Company, NEXIRA, Afriplex (Pty) Ltd, EcoProducts, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Baobab Ingredient Market Analysis
8.1 Key Industry Highlights
8.2 Global Baobab Ingredient Historical Market (2018-2022)
8.3 Global Baobab Ingredient Market Forecast (2023-2028)
8.4 Global Baobab Ingredient Market by Type
8.4.1 Powder
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Pulp
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Oil
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Baobab Ingredient Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Nutraceuticals
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Cosmetics
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Baobab Ingredient Market by Source
8.6.1 Organic
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Conventional
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Baobab Ingredient Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Baobab Ingredient Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Baobab Ingredient Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Baobab Ingredient Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Baobab Ingredient Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Baobab Ingredient Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baobab Foods, LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Baobab Fruit Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NEXIRA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Afriplex (Pty) Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 EcoProducts
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Baobab Ingredient Market: Key Industry Highlights, 2018 and 2028
2. Global Baobab Ingredient Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Baobab Ingredient Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Baobab Ingredient Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Baobab Ingredient Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Baobab Ingredient Historical Market: Breakup by Source (USD Million), 2018-2022
7. Global Baobab Ingredient Market Forecast: Breakup by Source (USD Million), 2023-2028
8. Global Baobab Ingredient Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Baobab Ingredient Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Baobab Ingredient Market Structure
Key Questions Answered in the Report
The global baobab ingredient market is projected to grow at a CAGR of 5.80% between 2023 and 2028.
The industry is being driven by the increasing applications of baobab ingredient in various end-use industries such as personal care products, food packaging, beverage, among others.
The key industry trends propelling the market growth include the growing consumer shift towards natural products, which are free of chemicals owing to increasing health consciousness among people, and changing consumer habits.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The different types of baobab ingredients are powder, pulp, and oil.
The leading applications of baobab ingredient are food and beverages, nutraceuticals, and cosmetics, among others.
The significant sources of baobab ingredient include organic and conventional.
The major players in the industry are Baobab Foods, LLC, Baobab Fruit Company, NEXIRA, Afriplex (Pty) Ltd, and EcoProducts, among others.
Analyst Review
The global baobab ingredient market is being driven by the increasing applications of the product in various end-use industries. Aided by the rising demand for natural products, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.80%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be segmented into powder, pulp, and oil. By application, the market can be classified into food and beverages, nutraceuticals, and cosmetics, among others. On the basis of source, the market can be divided into organic and conventional. The major regional markets for the baobab ingredient are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include Baobab Foods, LLC, Baobab Fruit Company, NEXIRA, Afriplex (Pty) Ltd, and EcoProducts, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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