Product Code: PM3624
The global Baobab market size is expected to reach USD 4,019.61 million by 2032, according to a new study by Polaris Market Research. The report "Baobab Market Share, Size, Trends, Industry Analysis Report, By Category (Organic, and Conventional); By Formulations; By Application; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for baobab fruit has surged due to changing consumer preferences for healthy food options. This African fruit has been dubbed a "superfood" because of its high nutrient and antioxidant content, contributing to its increasing popularity domestically and internationally. The baobab fruit powder, in particular, is gaining recognition for its nutritional benefits, containing significant amounts of vitamin C, protein, vitamins, minerals, and antioxidants.
Moreover, baobab components are highly sought after, as the dried fruit powder is an ideal ingredient for flavoring smoothies and drinks. It is also a preferred sweetener for people with diabetes, as it has fewer calories.
Manufacturers are capitalizing on this trend by introducing baobab fruit powder-based products, which drive market growth. For example, in October 2021, Blue Sky Botanics launched its organic baobab fruit puree, pasteurized, ready-to-use, and loaded with calcium, potassium, vitamin C, and dietary fiber. This product enhances food and beverage products' flavor, texture, and fiber content. The market growth of baobab fruit powder is also fueled by its high nutrient and dietary fiber content, which offers numerous health benefits.
Additionally, the product benefits various sectors; thus, it is available across various distribution channels. Such as hypermarkets offer customers a variety of in-store options with the aid of sales people. The perishability of plants is another aspect that affects consumer preference for buying plants in stores. Nevertheless, doorstep delivery has increased. Services and online order tools are anticipated to aid in online sales growth.
Baobab Market Report Highlights
Organic baobab segment is anticipated to grow at a significant CAGR over the forecast period. To boost energy levels, strengthen immunity, lower stress levels, and lower cholesterol levels, among other things, the organic baobab is used in dietary supplements and useful drinks.
The pulp segment accounted for largest revenue share which is accelerated by its benefits including its high fiber content and myriad health advantages, which include lowering cholesterol and aiding in weight loss.
The pharmaceuticals sector is expected to hold a significant market share over the forecast period due to the higher medical uses of baobab.
MEA region is expected to grow at a substantial CAGR over the projected period on account of where disposable income levels are rising along with population growth.
The global players include: ADUNA Ltd., BFCS - Baobab Fruit Company Senegal, DMH Ingredients Inc., EcoProducts, Indigo Herbs Limited, Mighty Baobab Limited, Organic Burst Uk Ltd., Organic Africa, Powbab, Inc., and Woodland Foods
Polaris Market Research has segmented the Baobab market report based on category, formulations, application, and region:
Baobab, Category Outlook (Revenue - USD Million, 2019 - 2032)
Baobab, Formulations Outlook (Revenue - USD Million, 2019 - 2032)
Baobab, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Food & Beverages
- Beverages
- Sweet & Savory Snacks
- Dairy & Frozen Desserts
- Others
- Nutraceuticals
- Personal Care
- Others
Baobab, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Baobab Market Insights
- 4.1. Baobab Market - Application Snapshot
- 4.2. Baobab Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing use of baobab in the personal care sector
- 4.2.1.2.Increasing demand for natural goods with low calorie
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Side effects of using baobab
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Baobab Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Baobab Market, by Category
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Baobab Market, by Category, 2019-2032 (USD Million)
- 5.3. Organic
- 5.3.1. Global Baobab Market, by Organic, by Region, 2019-2032 (USD Million)
- 5.4. Conventional
- 5.4.1. Global Baobab Market, by Conventional, by Region, 2019-2032 (USD Million)
6. Global Baobab Market, by Formulations
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Baobab Market, by Formulations, 2019-2032 (USD Million)
- 6.3. Oil
- 6.3.1. Global Baobab Market, by Oil, by Region, 2019-2032 (USD Million)
- 6.4. Powder
- 6.4.1. Global Baobab Market, by Powder, by Region, 2019-2032 (USD Million)
- 6.5. Pulp
- 6.5.1. Global Baobab Market, by Pulp, by Region, 2019-2032 (USD Million)
7. Global Baobab Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Baobab Market, by Application, 2019-2032 (USD Million)
- 7.3. Food & Beverages
- 7.3.1. Global Baobab Market, by Food & Beverages, By Region, 2019-2032 (USD Million)
- 7.3.2 Beverages
- 7.3.2.1. Global Baobab Market, by Beverages, By Region, 2019-2032 (USD Million)
- 7.3.4. Sweet & Savory Snacks
- 7.3.4.1. Global Baobab Market, by Sweet & Savory Snacks, By Region, 2019-2032 (USD Million)
- 7.3.5. Dairy & Frozen Desserts
- 7.3.5.1. Global Baobab Market, by Dairy & Frozen Desserts, By Region, 2019-2032 (USD Million)
- 7.3.6. Others
- 7.3.6.1. Global Baobab Market, by Others, By Region, 2019-2032 (USD Million)
- 7.8. Nutraceuticals
- 7.8.1. Global Baobab Market, by Nutraceuticals, By Region, 2019-2032 (USD Million)
- 7.9. Personal Care
- 7.9.1. Global Baobab Market, by Personal Care, By Region, 2019-2032 (USD Million)
- 7.10. Others
- 7.10.1. Global Baobab Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Baobab Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Baobab Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Baobab Market - North America
- 8.3.1. North America: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.3.2. North America: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.3.3. North America: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.3.4. Baobab Market - U.S.
- 8.3.4.1. U.S.: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.3.5. Baobab Market - Canada
- 8.3.5.1. Canada: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4. Baobab Market - Europe
- 8.4.1. Europe: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.2. Europe.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.3. Europe: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.4. Baobab Market - UK
- 8.4.4.1. UK: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.4.3. UK: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.5. Baobab Market - France
- 8.4.5.1. France: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.5.2. France.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.5.3. France: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.6. Baobab Market - Germany
- 8.4.6.1. Germany: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.7. Baobab Market - Italy
- 8.4.7.1. Italy: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.8. Baobab Market - Spain
- 8.4.8.1. Spain: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.9. Baobab Market - Netherlands
- 8.4.9.1. Netherlands: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.4.10. Baobab Market - Russia
- 8.4.10.1. Russia: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5. Baobab Market - Asia Pacific
- 8.5.1. Asia Pacific: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.4. Baobab Market - China
- 8.5.4.1. China: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.4.2. China.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.4.3. China: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.5. Baobab Market - India
- 8.5.5.1. India: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.5.2. India.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.5.3. India: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.6. Baobab Market - Malaysia
- 8.5.6.1. Malaysia: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.7. Baobab Market - Japan
- 8.5.7.1. Japan: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.8. Baobab Market - Indonesia
- 8.5.8.1. Indonesia: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.5.9. Baobab Market - South Korea
- 8.5.9.1. South Korea: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.6. Baobab Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.6.4. Baobab Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.6.5. Baobab Market - UAE
- 8.6.5.1. UAE: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.6.6. Baobab Market - Israel
- 8.6.6.1. Israel: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.6.7. Baobab Market - South Africa
- 8.6.7.1. South Africa: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.7. Baobab Market - Latin America
- 8.7.1. Latin America: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.7.3. Latin America: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.7.4. Baobab Market - Mexico
- 8.7.4.1. Mexico: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.7.5. Baobab Market - Brazil
- 8.7.5.1. Brazil: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Baobab Market, by Formulations, 2019-2032 (USD Million)
- 8.7.6. Baobab Market - Argentina
- 8.7.6.1. Argentina: Baobab Market, by Category, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Baobab Market, by Application, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Baobab Market, by Formulations, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ADUNA Ltd.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. .Afriplex Pty Ltd.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. BI Nutraceuticals
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Baobab Foods
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. BFCS - Baobab Fruit Company Senegal
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. DMH Ingredients Inc
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. EcoProducts, Halka B Organics
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Henry Lamotte OILS GmbH
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Indigo Herbs Limited
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Mighty Baobab Limited
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Nexira
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. NP Nutra
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Organic Burst Uk Ltd
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Organic Africa
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Powbab, Inc
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Woodland Foods
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development