Baobab Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Baobab Market is segmented by Form (Oil, Powder, and Pulp), By Application (Food and Beverage, Nutraceuticals, Personal Care, and Others), and Geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 6.11 %

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Market Overview

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 for baobab 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 powder which originated from Africa is getting increasingly popular on both local and global markets due to its nutritional properties as It has high content of vitamin C, protein, vitamins, minerals, and antioxidants.

 

Scope of the Report

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
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Organic Personal Care Products

Baobab market from cosmetic & personal care has witnessed a siginficant growth in last couple of years, owing its heath benefical properties and increasing demand for organic personal care products. The baobab based cosmetic products have nutritive 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.

baobab market1

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 market2

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Form

      1. 5.1.1 Oil

      2. 5.1.2 Powder

      3. 5.1.3 Pulp

    2. 5.2 By Application

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Nutraceuticals

      3. 5.2.3 Personal Care

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Afriplex Pty Ltd

      2. 6.4.2 Baobab Foods

      3. 6.4.3 BFCS - Baobab Fruit Company Senegal

      4. 6.4.4 Mighty Baobab Limited

      5. 6.4.5 Woodland Foods

      6. 6.4.6 Henry Lamotte OILS GmbH

      7. 6.4.7 Nexira

      8. 6.4.8 Organic Africa

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Baobab Market market is studied from 2016 - 2026.

The Baobab Market is growing at a CAGR of 6.11% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Afriplex Pty Ltd, Baobab Foods, BFCS – Baobab Fruit Company Senegal, Woodland Foods, Nexira are the major companies operating in Baobab Market.

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