Due to the multiple skin advantages of Organic Baobab Powder, it is a common ingredient in anti-aging treatments. It protects the skin from extreme heat and cold, regenerates skin cells, hydrates the skin, and shields it from free radical damage. Baobab powder can also be found in foods like cereals, bars, and jellies since it is a great source of calcium and potassium. Worldwide consumption of baobab powder is increasing as a result of its many health benefits.
The global market baobab powder is anticipated to witness robust growth during the assessment period. Future Market Insights studies the factors driving the popularity and adoption of baobab powder across the globe. Consumers today are becoming aware about the benefits of baobab powder, which in turn is surging the demand for baobab powder based products such as cereals and bars.
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Segmental forecast of the global baobab powder market
The global baobab powder is segmented on the basis of product type (organic baobab powder, conventional baobab powder), end use (industrial, retail), sales channel (direct sales, indirect sales) and region.
Forecast by Product Type: Organic baobab powder segment is expected to register the highest CAGR during the forecast period. The organic baobab powder segment is estimated to be valued at US$ 8,544.2 Mn by 2027 end and is expected to expand at a CAGR of 6.5% over the forecast period.
Forecast by End Use: The retail segment is estimated to account for the highest value share of 65.2% in 2017 and is projected to reach a market valuation of US$ 6,545.1 Mn by 2027 end, registering a CAGR of 6.3% over the forecast period.
Forecast by Sales Channel: The indirect segment is estimated to account for the highest value share of 75.4% in 2017. This segment is estimated to be valued at US$ 7,602.1 Mn by 2027 end and is expected to expand at a CAGR of 6.3% over the forecast period.
Forecast by Region: North America followed by Western Europe will be the leading markets in the global baobab powder market with an anticipated value share of about 30% and 25% respectively by the end of 2027. North America will witness the highest regional CAGR of 6.8% during the forecast period.
Competitive Landscape
The report profiles some of the top companies operating in the global baobab powder market including:
- EcoProducts
- Baobab Fruit Company Senegal
- B’Ayoba (Pvt) Ltd
- Organic Africa, Aduna Limited
- Etude House
- Woodland Foods
- Powbab Inc
- ATACORA
- Halka B. Organics
- Indigo Herbs LTD and Organic Burst UK Ltd.
Businesses are concentrating on meeting customer-centric product demand by diversifying their product offerings and entering the worldwide Baobab Oil Powder market. In order to prevent product price increases, suppliers are engaging into long-term contracts with producers of baobab products. Baobab producers also gain from these long-term contracts with suppliers because it helps them maintain their operations.
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