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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Baobab ingredient Market Size
The global baobab ingredient market is expected to grow at a CAGR of 5.80% in the forecast period of 2024-2032.
Baobab ingredient Market Outlook
- Baobab trees are highly productive as a mature baobab tree can produce over 250 fruits and provide at least 30 kg of food annually.
- As per industry reports, the current annual production level of baobab in Zimbabwe is around 300 tonnes. The baobab production can expand in the forecast period as the demand for baobab products is growing in international markets like Europe and the US.
- Southern African exports of baobab reached 438 tonnes in 2020, and the African Baobab Alliance has the ambition for the exports of baobab to reach 5,000 tonnes by 2025.
- In Europe, the UK and Germany are home to several producers of baobab products, most of which are organic-certified.
Baobab Ingredient Market Report Snapshots
Baobab Ingredient Market Growth
Baobab Ingredient Market Trends
Baobab Ingredient Market Share
Baobab Ingredient Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The baobab ingredient market value is expected to grow at a CAGR of 5.80% between 2024 and 2032.
The major drivers of the market include the increasing applications of baobab ingredient in various end-use industries such as personal care products, food packaging, beverage, among others and expansion of baobab cultivation in dominant areas.
Key trends aiding market expansion include the development of baobab-infused product lines, the emergence of baobab as a key ingredient in the beauty industry, and increased use of baobab in innovative culinary applications.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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 ingredients include organic and conventional.
Key players in the market are Baobab Foods, LLC, Baobab Fruit Company, NEXIRA, Afriplex (Pty) Ltd, and EcoProducts, among others.
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