Global Baobab Powder Market Growth 2023-2029

Global Baobab Powder Market Growth 2023-2029

The baobab tree is one of the largest and oldest trees in the world – carbon dating indicates that these trees can live 3,000 years or more. In addition to providing food and shelter, the fruit, leaves, and bark of the mighty tree have been used medicinally for centuries in natural remedies for everything from fever to digestive issues. The fruit of the tree resembles a large mango or coconut measuring up to 18cm long and weighing around 1.4kg. It consists of a hard outer shell filled with pulp that dehydrates naturally as the fruit matures. When the pulp of this fruit is ground into powder it is known simply as baobab powder. This substance contains a powerhouse of nutrients including vitamin C, calcium, iron, potassium, magnesium, and an assortment of antioxidants.

LPI (LP Information)' newest research report, the “Baobab Powder Industry Forecast” looks at past sales and reviews total world Baobab Powder sales in 2022, providing a comprehensive analysis by region and market sector of projected Baobab Powder sales for 2023 through 2029. With Baobab Powder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Baobab Powder industry.

This Insight Report provides a comprehensive analysis of the global Baobab Powder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Baobab Powder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Baobab Powder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Baobab Powder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Baobab Powder.

The global Baobab Powder market size is projected to grow from US$ 5049.7 million in 2022 to US$ 7205.3 million in 2029; it is expected to grow at a CAGR of 7205.3 from 2023 to 2029.

Popularity of baobab supplements, changing consumer tastes and preferences and food shopping behavior are main factor contributing to growth of market. The health benefits of baobab are improving digestive health, supporting the immune system and general hydration and skin health. Therefore, the preference for baobab powder among health-conscious people will continue to increase in the following years. One of the major factors hindering the growth of this market is the growing popularity of substitutes. The availability of a large number of substitute products in the market may impede the growth of the baobab powder market during the forecast period. Among all the regions, the markets in North America and Middle East and Africa are expected to register high CAGRs of 3.1% and 2.9% respectively in terms of volume during the forecast period. The market in Western Europe has been estimated to account for a value share of 25.1% by 2017 end. The market in North America is estimated to account for the highest value share of 28.4% in 2017. Baobab powder market in the region is expected to gain significant market share by 2027 end. The baobab powder market in Western Europe is expected to register a CAGR of 6.3% in terms of value, and a CAGR of 2.6% in terms of volume over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Baobab Powder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Organic Baobab Powder
Ordinary Baobab Powder

Segmentation by application
Food
Beverages
Personal Care

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Halka B Organics
Baobab Fruit Company Senegal
Organic Africa
ADUNA
Atacora Essential
Woodland Foods

Key Questions Addressed in this Report

What is the 10-year outlook for the global Baobab Powder market?

What factors are driving Baobab Powder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Baobab Powder market opportunities vary by end market size?

How does Baobab Powder break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.