Baobab Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.11 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Baobab Market Analysis
Global Baobab Market is projected to grow at a CAGR of 6.11% during the forecast period (2020-2025).
- With the changing consumer preferences towards healthy foods, there has been a rise in demand forbaobab fruit. African fruit’s popularity is rising owing to the presence of high content of nutrients and antioxidants, giving it the name of “super food”.
- Furthermore, the baobab fruit powderwhich originated from Africa is getting increasingly popular on both local and global markets due to its nutritional properties asIt has high content of vitamin C, protein,vitamins, minerals, and antioxidants.
Baobab Market Trends
This section covers the major market trends shaping the Baobab Market according to our research experts:
Growing Demand for Organic Personal Care Products
Baobab market from cosmetic & personal care haswitnessedasiginficant growth in last couple of years, owing its heath benefical properties and increasing demand for organic personal care products. The baobab based cosmetic products havenutritive compounds which help in dermis protection and soothing of skin. It contributes to restoring smoothness of hair and skin to assure protection against inflammatory phenomenon. It is appropriate for after-sun skin care, moisturizing skin, anti-aging skin care and restructuring hair care. Growing demand for organic cosmetic & personal care products would upsurge the market growth in the forecast period.
North America holds a Significant Market Share in Baobab Market
Europe is expected to dominate the market for baobab during the forecast period, owing to the increasing number of consumers toward functional food and beverages, which is driving the growth of baobab market in the region. North America also holds a significant market share in the global baobab market owing to the increasing demand for natural and healthy ingredients among the food manufacturers is also driving the baobab market growth in the region. Also, owing to its growing application in nutraceutical and food industry for its taste and texture in Asia Pacific region is drving the baobab market in the region.
Baobab Industry Overview
The global baobab market is fragmented. Some of the major key players in the baobab market, globally includes Afriplex Pty Ltd, Baobab Foods, BFCS – Baobab Fruit Company Senegalm, Henry Lamotte OILS GmbH, among others.
Baobab Market Leaders
-
Afriplex Pty Ltd
-
Baobab Foods
-
BFCS – Baobab Fruit Company Senegal
-
Woodland Foods
-
Nexira
*Disclaimer: Major Players sorted in no particular order
Baobab Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Form
- 5.1.1 Oil
- 5.1.2 Powder
- 5.1.3 Pulp
-
5.2 By Application
- 5.2.1 Food and Beverage
- 5.2.2 Nutraceuticals
- 5.2.3 Personal Care
- 5.2.4 Others
-
5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Italy
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
-
6.4 Company Profiles
- 6.4.1 Afriplex Pty Ltd
- 6.4.2 Baobab Foods
- 6.4.3 BFCS - Baobab Fruit Company Senegal
- 6.4.4 Mighty Baobab Limited
- 6.4.5 Woodland Foods
- 6.4.6 Henry Lamotte OILS GmbH
- 6.4.7 Nexira
- 6.4.8 Organic Africa
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Baobab Industry Segmentation
Global baobab market is segmented by form and application. On the basis of form, the market is segmented into oil, powder, and pulp. On the basis of application, the market is segmented into food and beverage, nutraceuticals, personal care, and others. Also, the study provides an analysis of the baobab market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Form | Oil | |
| Powder | ||
| Pulp | ||
| By Application | Food and Beverage | |
| Nutraceuticals | ||
| Personal Care | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East & Africa |
Baobab Market Research FAQs
What is the current Baobab Market size?
The Baobab Market is projected to register a CAGR of 6.11% during the forecast period (2024-2029)
Who are the key players in Baobab Market?
Afriplex Pty Ltd, Baobab Foods, BFCS – Baobab Fruit Company Senegal, Woodland Foods and Nexira are the major companies operating in the Baobab Market.
Which is the fastest growing region in Baobab Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Baobab Market?
In 2024, the Europe accounts for the largest market share in Baobab Market.
What years does this Baobab Market cover?
The report covers the Baobab Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Baobab Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Baobab Industry Report
Statistics for the 2024 Baobab market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Baobab analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
