Baobab Ingredient Market is valued at USD 3922.02 Million in 2018 and expected to reach USD 5701.50 Million by 2025 with the CAGR of 5.49% over the forecast period.
Increasing consumption of nutritious food due to associated health benefits including improving digestion, boosting immune system, preventing anaemia and asthma are some major impacting factors driving the growth of the global baobab ingredient market.
Baobab Ingredient can support in weight loss, boosting immunity and detoxifying skin from free radicals. The product is used in nutraceuticals due to its vitamin supplementary qualities. It is an organic, natural protein source that provides a high level of functionality and nutritional benefits. Baobab is an ideal organic protein source containing high level of vitamin C which are used to improved vitamin C deficiency. It is widely used in food, beverages, nutraceutical, personal care & cosmetics and others such as baby foods, soups etc. Also it is used to improve lack of deficiencies diseases. Baobab ingredient can be used in form of pulp, powder and oil. It is rich in potassium, phosphorus, carbohydrates, and vitamin C. Baobab ingredient application has high scope in cosmetics & personal care and food & beverage industry. Baobab powder product is often used as an ingredient in breakfast cereals, cereal bars, granola or crunches. Baobab fruit pulp has a high antioxidant capability mainly because of its high natural vitamin C content. These products are natural and have the ability to cure almost all the types of diseases. It is traditionally used in the treatment of fever, cough, diarrhoea, dysentery, haemoptysis, small pox and measles.
Baobab ingredient market report is segmented on the basis of product, form, application and by regional & country level. Based upon product, baobab ingredient market is classified into pulp, powder and oil. Based upon form, baobab ingredient market is classified into organic and conventional. Based upon application, baobab ingredient market is classified into food, beverages, nutraceutical, personal care & cosmetics.
The regions covered in this baobab ingredient market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of baobab ingredient is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Baobab Ingredient Market Key Players -
Baobab Foods, LLC
Indigo Herbs Limited
Mighty Baobab Limited
Halka B Organics
Baobab Fruit Company Senegal
B'Ayoba (Pvt) Ltd.
Organic Herb Trading
Afriplex Pty Ltd.
Baobab Ingredient Market Dynamics –
Increasing consumption of nutritious food due to associated health benefits including improving digestion, boosting immune system, preventing anaemia and asthma are some major factors driving the growth of the global baobab ingredient market. According to World Health Organisation, Asthma is the most common chronic disease among children worldwide. Around 339 million people are living with asthma. Over 80% of asthma-related deaths occur in low-and lower-middle income countries. Further, Rise in demand for performance nutrition and beverages, increasing demand for organic products and preference of vitamin C rich organic food are expected to enhance growth of market in coming years. According to NCBI, Scurvy is a clinical syndrome that results from vitamin C deficiency. According to The Centers for Disease Control and Prevention, Vitamin C deficiency (ascorbic acid) has been estimated to occur in 14% of males and 10% of females in the United States. Moreover, increasing consumption of anti-aging products across the globe, growing demand for male grooming products and growth in personal care industry with rising development of natural and organic cosmetic products will enhance growth of baobab ingredient market in forecast peried. However, growing global warming and lack of awareness about the baobab ingredients will hamper the development of baobab ingredient market. Growing concerns related to organic baobab nutritional products and government initiatives to promote organic products will create significant opportunities for the growth of baobab ingredient market during forecast period.
Baobab Ingredient Market Regional Analysis –
North America is dominating the baobab ingredient market with the highest share in forecast period due to increasing population shifting from meat-based proteins to plant-based proteins due to various health and environmental concerns. Further, consumption of nutritional supplements, beverages products to improve health, raises awareness among the people about organic food to improve health, established healthcare infrastructure and increasing R&D by major players in this region. According to Plant Based Food Association, One-third of Americans are actively reducing their meat and dairy consumption. As per PBFA, consuming plant-based foods is a trend for Millennials and younger generations that indirectly help to creating enormous market potential for plant-based foods. Moreover, consumption of nutraceutical products to improve health, growing application in food industry for its taste and texture are some of the activities expected to accelerate the market growth in forcaste peried. As per U.S. National Library of Medicine, In the US, the term “nutraceutical” products are regulated as drugs, food ingredients and dietary supplements and nutraceuticals have received high interests due to potential nutritional and safety profile other than therapeutic capability.
Europe is expected to contribute significant share in the global market due to increasing consumer’s preference for organic products, rising vegan population and increasing demand from food & beverage sector. Further, growth of baobab ingredient market is enhancing due to the increasing consumption of natural and organic food ingredients and presence of premium cosmetic manufacturers including L'Oréal, Sephora and Chanel have positive industry growth in European countries. According to Food and Drink Federation, The food & drink industry is the biggest manufacturing sector in the country as compared to automotive & aerospace combined industry.
Asia Pacific is expected to dominate global baobab ingredient market with, increasing demand for cosmetics and increasing awareness related to personal hygiene & cleanliness is expected to enhance market growth in this region. China and India are projected to experience vigorous growth followed by other South East Asian countries due to high population provides a significant customer base for personal care, cosmetic, and beauty products. For example, China only spends USD 24 per person annual on personal care and cosmetics products, whereas South Korea and Japan spend USD 171 and USD 174 annually.
Key Benefits for Baobab Ingredient Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Baobab Ingredient Market Segmentation –
By Product: - Pulp, Powder, Oil
By Form:- Organic, Conventional,
By Application:- Food, Beverages, Nutraceutical, Personal Care & Cosmetics
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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