Global Baobab Powder Market 2018-2022

Overview of the global baobab powder market

The consumption of baobab fruits is high among consumers since it contains large amounts of vitamin C, soluble fiber, antioxidants, and vital minerals. The preference for baobab powder among health-conscious people will continue to increase in the coming years since it aids in strengthening the immune system and boosts energy levels. Additionally, it also has anti-aging properties and helps in decreasing anxiety and liver detoxification. According to Technavio’s market research analysis, such health benefits associated with the consumption of baobab powder will be one of the primary factors that will have a positive impact on the growth of the baobab powder market in the coming years. Our market research analysts have predicted that this market will grow at a CAGR of more than 6% by 2022.

The changing consumer tastes and preferences and food shopping behavior is resulting in an increase in the purchase of baobab powder products. The consumption rate of baobab fruit powder is high among people in Africa since it has an exotic, tangy flavor and is extensively used in supplements, capsules and food products. The sales of baobab products will increase in the coming years due to the rising number of product launches by regional and international players. According to our analysts, the growing popularity of baobab supplements will be one of the key trends that will stimulate the growth of the baobab powder market during the forecast period.

Companies covered

With the presence of several companies, the baobab powder market appears to be fragmented. This industry research report provides an analysis of the competitive landscape and the growth prospects for the vendors in the baobab fruit powder market. Additionally, the report also offers information about the strategies adopted by companies to improve their revenue shares in this competitive market.

This research report covers an analysis of several vendors in this marketspace including –

• Halka B Organics              
• Baobab Fruit Company Senegal
• Organic Africa   
• ADUNA
• Atacora Essential             
• Woodland Foods             

Segmentation by application and analysis of the baobab powder market

• Food
• Beverages
• Personal care

The baobab powder market is witnessing considerable growth in the food segment due to the rising application of baobab powder in different food products. It has been estimated that the baobab fruit powder market will continue to experience the maximum growth in the food segment throughout the predicted period.

Segmentation by geography and analysis of the baobab powder market

• Americas
• APAC
• EMEA

This market research report estimates that EMEA will generate the maximum revenue to the baobab powder market owing to the growing consumption of baobab powder in several countries in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global baobab powder market?
• What are the key market trends impacting the growth of the global baobab powder market?
• What are the challenges to market growth?
• Who are the key vendors in the global baobab powder market?
• What are the market opportunities and threats faced by the vendors in the global baobab powder market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global baobab powder market?

Technavio also offers customization on reports based on specific client requirement.