Baobab Market Progresses for Huge Profits by 2024
Research Reports
Jan 20, 2021
Market Insight
Due to health benefits associated to baobab fruit, Baobab Market is growing at a substantial pace of development on the global stage. Baobab fruit is found in the regions of Africa, Arabia, and Australia. It can be sourced from any of nine species of tree in the genus ADANSONIA. However, majority of the species are native to Madagascar in African region. The fruit is often referred as “superfruit” as it has high nutrients density. It is a considered to be rich source of antioxidants, vitamins, specifically vitamin C, potassium, calcium, magnesium, fiber, and protein. The product has medicinal properties such as it acts as antimicrobial, anti-malarial, antiviral, anti-oxidant, and anti-inflammatory. It can also aid in the treatment of diarrhea, anemia, and asthma. Therefore, the numerous health benefits associated with baobab has spiked the demand for the product, across the globe.
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Competitive Analysis
The key players profiled in Baobab Market Report are Afriplex (PTY) Ltd. (South Africa), Mighty Baobab Limited (U.K.), Eco products (South Africa), BaobabCompany Senegal (Italy), B’Ayoba (Zimbabwe), Organic Africa (Zimbabwe), and Baobab Foods (U.S.) among many others.
Market Segments
Global Baobab Market has been divided into Species, Form, Application and Region.
Based on Species: Adansonia Digitata, Kilima, Grandidieri, Madagascariensis
Regional Analysis
Global Baobab Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is the dominating region in baobab market and is closely followed by Europe. The Western Europe countries including France, the U.K., Belgium and the Netherlands contribute majorly to the growth of the baobab market in European region. Asia Pacific is expected to witness a stable growth during the forecast period due to growing awareness in the region. Africa and Australia are leading the market due to high cultivation as well as consumption of baobab in these regions.
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