Market Overview:
Baobab is a type of fruit, which can be sourced from any one of nine species of Adansonia tree majorly found in Africa, Australia, Arabia, and Madagascar. It has numerous biological properties including antimicrobial, anti-malarial, diarrhea, anemia, asthma, antiviral, anti-oxidant, and anti-inflammatory activities. It is available in different forms including oil, powder, pulp, and others. Baobab oil is used in personal care products as an emollient and skin and hair conditioner. Moreover, baobab pulp and powder are used in smoothies, sauces, supplements, and desserts.
Market Forecast:
Baobab fruit is a wholesome nutrient fruit that has different uses as per its form. Baobab is gaining popularity in various industries such as functional foods, beverages, sauces & seasonings, nutraceuticals, cosmetics, and others, which is boosting the growth of the market. The high shelf life of the product is having a positive impact on the growth of the market.
Increasing awareness of the baobab in various regions is expected to surge the growth of the market. Moreover, continuous R&D is likely to lubricate the growth of the baobab market size with various innovations globally. All these factors are projected to contribute to the estimated CAGR of 5.3% of baobab market size during the forecast period 2017-2023.
Access Report Details @
https://www.marketresearchfuture.com/reports/baobab-market-4913
Downstream Analysis:
Baobab market size is segmented on the basis of species such as Adansonia Digitata, Kilima, Grandidieri, Madagascariensis, and others. Among all, the Digitata is the most commonly available source for baobab, which grows in various parts of Africa and the Middle East including Yemen, Oman, and Ghana.
On the basis of the form, the global baobab market size is segmented into oil, powder, fruit pulp, and others. Among all, the baobab oil is dominating the market and is expected to grow at the fastest rate over the forecast period owing to its rising demand for cosmetics. The Baobab powder is the second largest segment of the baobab market size and is projected to continue its growth in the coming years.
Based on the application, the market is segmented into a functional food, beverages, sauces & seasonings, nutraceuticals, cosmetics, and others. The cosmetics segment is dominating the market based on the high application of baobab oil as a skin and hair moisturizer. However, the functional foods segment is projected to grow substantially over the forecasted period based on increasing awareness towards the nutritional value associated with baobab.
Competitive Analysis:
The major players in the Baobab market size,
- Afriplex (PTY) Ltd. (South Africa)
- Mighty Baobab Limited (U.K.)
- Eco products (South Africa)
- Baobab Fruit Company Senegal (Italy)
- B'Ayoba (Zimbabwe)
- Organic Africa (Zimbabwe)
- Baobab Foods (U.S.)
Regional Analysis:
The global baobab market size is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is projected to grow substantially over the forecasted period followed by Europe. Inclination towards functional foods among the consumers in the U.S. is boosting the growth of the market in North America. In Europe, the Western Europe countries comprising of France, the U.K., Belgium, and the Netherlands and they are the major contributors to the growth of the baobab market size in this region.
Asia Pacific is projected to witness a moderate growth over the estimated period owing to increasing awareness in developing countries. However, Africa and Australia are dominating the market owing to high cultivation and consumption of baobab in these regions.
Market Segmentation:
Baobab market size is segmented on the basis of species, form, application, and the region.
Request a Sample Report @
https://www.marketresearchfuture.com/sample_request/4913
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Market Overview:Baobab is a type of fruit, which can be sourced from any one of nine species of Adansonia tree majorly found in Africa, Australia, Arabia, and Madagascar.
It has numerous biological properties including antimicrobial, anti-malarial, diarrhea, anemia, asthma, antiviral, anti-oxidant, and anti-inflammatory activities.
Baobab oil is used in personal care products as an emollient and skin and hair conditioner.
Moreover, baobab pulp and powder are used in smoothies, sauces, supplements, and desserts.Market Forecast:Baobab fruit is a wholesome nutrient fruit that has different uses as per its form.
Baobab is gaining popularity in various industries such as functional foods, beverages, sauces & seasonings, nutraceuticals, cosmetics, and others, which is boosting the growth of the market.
Moreover, continuous R is likely to lubricate the growth of the baobab market with various innovations globally.
Industrial sugar is a commodity produced using sugar cane and beet root.
The global industrial sugar market report compiled by Market Research Future (MRFR) consists of drivers, challenges, trends, opportunities, and threats to be faced by industry leaders for the period of 2019 to 2024 (forecast period).
The impact of the COVID-19 virus on the market and its implications are recorded as well.Market ScopeThe global industrial sugar market size is bound to reach a valuation of USD 60 billion by 2024.
The growth is facilitated by the vast growth of the agriculture sector and displayed by high cultivation of sugar cane.
Government efforts for promoting the production of sugar via subsidies are likely to bode well for the market.Food safety concerns can evoke the need for transparency towards customers and strict labeling policies.
Campaigns of sustainability in developing countries have led to manufacturers shifting to flexible packaging for sugar and sugar-based products.The COVID-19 impact on the global industrial sugar market has been grave owing to trade restrictions and enforcement against procurement, production, and distribution.
Market SynopsisThe global coffee market is projected to garner USD 102,279.2 million during the forecast period (2018-2023).
A beverage with widespread consumption in the world, coffee has been through several changes and innovation over the past years.
Coffee is prepared by brewing processed or roasted coffee seeds.
Regions like North America holds a huge market share where around 71% of the total population consumes coffee on a daily basis.On the flip side, fluctuating prices of coffee beans are likely to impact the market growth adversely.
The climatic change affects the productivity can also act as a growth deterrent.Competitive DashboardThe major players operating the global coffee market are Tchibo Coffee International Ltd. (U.K.), Tata Global Beverages Ltd. (India), Nestlé S.A. (Switzerland), The Coca Cola Company (U.S.), Strauss Group Ltd. (Israel), The Kraft Heinz Company (U.S.), Jacobs Douwe Egberts (The Netherlands), Starbucks Corporation (U.S.), The J.M.
Asia Pacific is considered to account for the maximum proportion in this segment.
