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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 (2017-2027); 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 2022-2027.
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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 | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Baobab Ingredient Market Analysis
8.1 Key Industry Highlights
8.2 Global Baobab Ingredient Historical Market (2017-2021)
8.3 Global Baobab Ingredient Market Forecast (2022-2027)
8.4 Global Baobab Ingredient Market by Type
8.4.1 Powder
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Pulp
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Oil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Baobab Ingredient Market by Application
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Nutraceuticals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Cosmetics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Baobab Ingredient Market by Source
8.6.1 Organic
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Conventional
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Baobab Ingredient Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Baobab Foods, LLC
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Baobab Fruit Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 NEXIRA
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Afriplex (Pty) Ltd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 EcoProducts
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Baobab Ingredient Market: Key Industry Highlights, 2017 and 2027
2. Global Baobab Ingredient Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Baobab Ingredient Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global Baobab Ingredient Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Baobab Ingredient Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Baobab Ingredient Historical Market: Breakup by Source (USD Million), 2017-2021
7. Global Baobab Ingredient Market Forecast: Breakup by Source (USD Million), 2022-2027
8. Global Baobab Ingredient Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Baobab Ingredient Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Baobab Ingredient Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Baobab Ingredient Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2022 and 2027.
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 2022-2027, 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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