Baobab powder is derived from baobab fruit, which is highly enriched with vitamin C, potassium, zinc, calcium, & many more minerals and all these minerals are equally important for human body. Besides, it can heal skin from ageing problem, which is one of the major concerns among consumers nowadays and also can bring back the glow into it. Recently, Future Market Insights (FMI) has published a report on global baobab powder market, where the market estimated to bring in approximately US$ 5,483 Mn in 2017 and also is expected to reach US$ 10,004 Mn by the end of the forecast period. Besides, it is also predicted that global baobab powder market is likely to grow at 6.2% CAGR during the forecast period, 2017-2027.
Owing to the increasing concern among consumers about the advantages of baobab powder, the demand for baobab products is growing profusely in the global market for baobab powder in the forthcoming years. Furthermore, baobab powder has a unique quality of fighting against ageing problem and it can also prevent skin from getting affected by extreme temperatures. All these factors play as the key drivers to expand the global baobab powder market robustly in the near future. Apart from these drivers, the report has also focused on the various challenges, latest trends and opportunities in the market.
Key Segments, Key Players
The report has been analyzed various segments, such as sales channels, end-uses, product types and regions, of the global market for baobab powder. Based on product type, the market is bifurcated into conventional and organic baobab powder sub-segments. As per the report, the organic baobab powder segment is projected to grow at the highest CAGR of 6.5% during the forecast period.
There are various direct and indirect channels present in the market to sell the baobab powder products. Specialty whole shops and online retail are the further segments that fall into indirect channels of selling baobab powder products. The indirect sales channel is expected to procure US$ 7,602.1 Mn through 2027 along with an expansion of 6.3% CAGR during the forecast period.
Based on the end-use segment, the global baobab powder market is bifurcated into industrial and retail end-users. Beverages, cosmetics, nutraceuticals and food are the further segments that come in industrial segment. The food segment is again segmented into functional food, bakery & confectionery, diary products and others, such as pet food and tea. Alcoholic and non-alcoholic are the sub-segments of beverages segment. The retail segment was expected to bring in US$ 6,545.1 Mn in 2017-end with a prediction to grow at a steady CAGR of 6.3% during the forecast period.
On the basis of regions, the global market for baobab powder is extensively segmented into Asia-Pacific excluding Japan, (APEJ), Japan, Western Europe, Latin America, Middle East & Africa (MEA), Eastern Europe and North America. Among the other regions, the baobab market in North America will be increasing at a CAGR of 6.8% over the forecast period.
The study on the global market for baobab powder has profiled various companies as the key market participants. Halka B. Organics, Indigo Herbs LTD, Woodland Foods, Organic Burst UK Ltd, Aduna Limited, Baobab Fruit Company Senegal, Powbab Inc, ATACORA, Organic Africa, B’Ayoba (Pvt) Ltd, EcoProducts, and Etude House, among others, are expected to drive the market’s overall expansion during the forecast period.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3333