Market Research Future (Food and Beverages) Baobab Market Research Report | Page 3

Baobab Market Research Report- Forecast till 2023
2 Market Overview
Baobab fruit is a wholesome nutrient fruit that has different uses as per its form. It has numerous medicinal properties,
including antimicrobial, anti-malarial, diarrhea, anemia, asthma, antiviral, anti-oxidant, and anti-inflammatory
activities, which is driving the growth of the market.
Baobab oil contains Omega 3, 6, and 9 fatty acids with antioxidants Vitamin A, D, E & F, which have increased its
application in the cosmetics industry to reduce wrinkles and contribute towards maintaining a healthy skin. Moreover,
baobab fruit pulp has gained popularity in fruit smoothies, ice creams, sauces, and others for nutritional fortification,
flavor enhancement, viscosity and texture modification. Additionally, baobab powder has witnessed popularity in
supplements as a source of nutrition, which is boosting the growth of the market.
Regional Analysis:
The global baobab market 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. In Europe, the Western
Europe countries comprising of France, the U.K., Belgium and the Netherlands contribute majorly to the growth of
the baobab market.
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.
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