The baobab ingredient market size has grown strongly in recent years. It will grow from $5.54 billion in 2024 to $5.89 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growing consumer awareness of superfoods, demand for natural and organic products, traditional use in indigenous cultures, globalization of food markets, and increasing interest in plant-based diets.
The baobab ingredient market size is expected to see strong growth in the next few years. It will grow to $7.75 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising demand for functional foods, increasing popularity of plant-based ingredients, growth in the nutraceutical industry, adoption of baobab in beauty and personal care products, and sustainability considerations in food production. Major trends in the forecast period include the development of baobab-infused product lines, the emergence of baobab as a key ingredient in the beauty and skincare industry, formulation of baobab-based functional foods and beverages, increased use of baobab in innovative culinary applications, growing emphasis on sustainable and ethical sourcing of baobab ingredients.
The rising consumer preference for functional foods and beverages is anticipated to drive the growth of the baobab ingredient market in the future. Functional foods and drinks are those that offer health benefits beyond their basic nutritional value. Baobab ingredients, such as baobab fruit pulp and powder, are abundant in antioxidants, vitamin C, calcium, iron, magnesium, potassium, and fiber, making them vital for the production of functional foods and beverages, including single-strength drinks, smoothies, and yogurts. For example, in February 2023, Monster Beverage Corporation, a US-based company that produces energy drinks, reported a 2.6 percent increase in net sales for its Monster Energy Drinks segment, rising to $1.39 billion in the fourth quarter of 2022 from $1.35 billion in the same quarter of 2021. Thus, the growing consumer interest in functional foods and drinks is set to propel the baobab ingredient market.
The rising demand for organic cosmetic products is expected to stimulate the growth of the baobab ingredient market in the future. Organic cosmetics are formulated with a significant proportion of natural ingredients, emphasizing organic farming, sustainability, and the exclusion of synthetic substances. Baobab ingredients are essential in organic cosmetics, offering natural skincare benefits due to their nutrient-rich properties and aiding in the creation of sustainable, eco-friendly beauty products. For instance, in March 2023, the British Beauty Council, a non-profit organization based in England, reported that 56,000 products and ingredients received the COSMOS certification in 2022, representing a 22% year-on-year increase. Additionally, in 2023, 69% of certified brands indicated that the COSMOS certification positively impacted their sales. Therefore, the increasing demand for organic cosmetic products is driving the growth of the baobab ingredient market.
Key companies in the baobab ingredient market are prioritizing innovative extraction methods and product development to maximize the health benefits of baobab fruit, thereby improving the nutritional quality and attractiveness of food and beverage offerings while fostering sustainability. RonaCare Baobab is a cosmetic ingredient derived from the nutrient-rich baobab fruit, recognized for its ability to protect skin matrix components like elastin and collagen, as well as reduce skin irritation and enhance skin health. For example, in February 2022, Merck Sharp & Dohme, a US-based pharmaceutical firm, introduced two new cosmetic ingredients, RonaCare Baobab and RonaCare Hibiscus. Both products are formulated from nutrient-dense superfoods - the baobab fruit and hibiscus flower - and offer benefits for skin health. These botanical extracts are ethically sourced, sustainable, and suitable for a variety of topical applications, ranging from everyday skincare to dermo-cosmetics.
Major players in the baobab ingredient market are also focusing on introducing natural oils, such as soft baobab oil, to enhance their market revenues. Soft Baobab oil, derived from the non-edible seeds of the baobab fruit, serves as a natural botanical emollient for skin and hair care. In November 2023, Evonik Industries AG, a Germany-based chemical company, launched ECOHANCE Soft Baobab oil as part of its ECOHANCE program. This sustainable product, sourced from the Sahel region of Ghana, is suitable for use in various natural cosmetic formulations, including hand creams, hair conditioners, and body butters.
In July 2024, Kilifi Plantations Limited, a privately operated farm partnership in Kenya, collaborated with Kenyan Originals to boost the production of high-quality, organic agricultural products. This partnership aims to promote sustainable agriculture, empower local farmers, and increase the market reach of baobab products while maintaining high-quality standards and fostering community development. Kenyan Originals is a Kenya-based company that produces craft beverages using natural ingredients.
Major companies operating in the baobab ingredient market include Nexira SAS, Woodland Foods Ltd., Eco-Products Inc., Halka B Organics, BI Nutraceuticals Inc., Alaffia, NP Nutra, Afriplex Pty Ltd., Organic Africa, Atacora Essential Inc., Baobab Foods LLC, Baobab Fruit Company Senegal, Baobab Superfruit, Baobab Trading Company, B'Ayoba (Pvt) Ltd., Ecuadorian Rainforest LLC, Farafena, Indigo Herbs Ltd., Mighty Baobab Ltd., PhytoTrade Africa, TheHealthyTree Company, Aduna Limited, Holland & Barrett Retail Limited, Sharon Bolel Chemical Marketing, Essential Natural Oils.
North America was the largest region in the baobab ingredient market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the baobab ingredient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the baobab ingredient market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The baobab tree is widespread in specific regions of Africa, Arabia, Australia, and Madagascar. The ingredients derived from the baobab, such as leaves, seeds, and pulp of the baobab fruit, are available in powdered form and have been associated with numerous health benefits. These ingredients find use in various recipes and cuisines.
The primary products derived from baobab ingredients include baobab pulp, baobab powder, and baobab oil. Baobab pulp, extracted from the baobab fruit, is a type of fruit pulp. It is combined with water or milk to create baobab beverages and sauces. These products, sourced from both organic and conventional origins, are distributed through direct and indirect channels for applications in food and beverages, nutraceuticals, cosmetics, and other industries.
The baobab ingredient market research report is one of a series of new reports that provides baobab ingredient market statistics, including baobab ingredient industry global market size, regional shares, competitors with a baobab ingredient market share, detailed baobab ingredient market segments, market trends and opportunities, and any further data you may need to thrive in baobab ingredient industry. This baobab ingredient market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The baobab ingredients market consists of sales of baobab ingredients, such as seeds, kernels, leaves, funicles, roots, and shells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The baobab ingredient market size is expected to see strong growth in the next few years. It will grow to $7.75 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising demand for functional foods, increasing popularity of plant-based ingredients, growth in the nutraceutical industry, adoption of baobab in beauty and personal care products, and sustainability considerations in food production. Major trends in the forecast period include the development of baobab-infused product lines, the emergence of baobab as a key ingredient in the beauty and skincare industry, formulation of baobab-based functional foods and beverages, increased use of baobab in innovative culinary applications, growing emphasis on sustainable and ethical sourcing of baobab ingredients.
The rising consumer preference for functional foods and beverages is anticipated to drive the growth of the baobab ingredient market in the future. Functional foods and drinks are those that offer health benefits beyond their basic nutritional value. Baobab ingredients, such as baobab fruit pulp and powder, are abundant in antioxidants, vitamin C, calcium, iron, magnesium, potassium, and fiber, making them vital for the production of functional foods and beverages, including single-strength drinks, smoothies, and yogurts. For example, in February 2023, Monster Beverage Corporation, a US-based company that produces energy drinks, reported a 2.6 percent increase in net sales for its Monster Energy Drinks segment, rising to $1.39 billion in the fourth quarter of 2022 from $1.35 billion in the same quarter of 2021. Thus, the growing consumer interest in functional foods and drinks is set to propel the baobab ingredient market.
The rising demand for organic cosmetic products is expected to stimulate the growth of the baobab ingredient market in the future. Organic cosmetics are formulated with a significant proportion of natural ingredients, emphasizing organic farming, sustainability, and the exclusion of synthetic substances. Baobab ingredients are essential in organic cosmetics, offering natural skincare benefits due to their nutrient-rich properties and aiding in the creation of sustainable, eco-friendly beauty products. For instance, in March 2023, the British Beauty Council, a non-profit organization based in England, reported that 56,000 products and ingredients received the COSMOS certification in 2022, representing a 22% year-on-year increase. Additionally, in 2023, 69% of certified brands indicated that the COSMOS certification positively impacted their sales. Therefore, the increasing demand for organic cosmetic products is driving the growth of the baobab ingredient market.
Key companies in the baobab ingredient market are prioritizing innovative extraction methods and product development to maximize the health benefits of baobab fruit, thereby improving the nutritional quality and attractiveness of food and beverage offerings while fostering sustainability. RonaCare Baobab is a cosmetic ingredient derived from the nutrient-rich baobab fruit, recognized for its ability to protect skin matrix components like elastin and collagen, as well as reduce skin irritation and enhance skin health. For example, in February 2022, Merck Sharp & Dohme, a US-based pharmaceutical firm, introduced two new cosmetic ingredients, RonaCare Baobab and RonaCare Hibiscus. Both products are formulated from nutrient-dense superfoods - the baobab fruit and hibiscus flower - and offer benefits for skin health. These botanical extracts are ethically sourced, sustainable, and suitable for a variety of topical applications, ranging from everyday skincare to dermo-cosmetics.
Major players in the baobab ingredient market are also focusing on introducing natural oils, such as soft baobab oil, to enhance their market revenues. Soft Baobab oil, derived from the non-edible seeds of the baobab fruit, serves as a natural botanical emollient for skin and hair care. In November 2023, Evonik Industries AG, a Germany-based chemical company, launched ECOHANCE Soft Baobab oil as part of its ECOHANCE program. This sustainable product, sourced from the Sahel region of Ghana, is suitable for use in various natural cosmetic formulations, including hand creams, hair conditioners, and body butters.
In July 2024, Kilifi Plantations Limited, a privately operated farm partnership in Kenya, collaborated with Kenyan Originals to boost the production of high-quality, organic agricultural products. This partnership aims to promote sustainable agriculture, empower local farmers, and increase the market reach of baobab products while maintaining high-quality standards and fostering community development. Kenyan Originals is a Kenya-based company that produces craft beverages using natural ingredients.
Major companies operating in the baobab ingredient market include Nexira SAS, Woodland Foods Ltd., Eco-Products Inc., Halka B Organics, BI Nutraceuticals Inc., Alaffia, NP Nutra, Afriplex Pty Ltd., Organic Africa, Atacora Essential Inc., Baobab Foods LLC, Baobab Fruit Company Senegal, Baobab Superfruit, Baobab Trading Company, B'Ayoba (Pvt) Ltd., Ecuadorian Rainforest LLC, Farafena, Indigo Herbs Ltd., Mighty Baobab Ltd., PhytoTrade Africa, TheHealthyTree Company, Aduna Limited, Holland & Barrett Retail Limited, Sharon Bolel Chemical Marketing, Essential Natural Oils.
North America was the largest region in the baobab ingredient market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the baobab ingredient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the baobab ingredient market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The baobab tree is widespread in specific regions of Africa, Arabia, Australia, and Madagascar. The ingredients derived from the baobab, such as leaves, seeds, and pulp of the baobab fruit, are available in powdered form and have been associated with numerous health benefits. These ingredients find use in various recipes and cuisines.
The primary products derived from baobab ingredients include baobab pulp, baobab powder, and baobab oil. Baobab pulp, extracted from the baobab fruit, is a type of fruit pulp. It is combined with water or milk to create baobab beverages and sauces. These products, sourced from both organic and conventional origins, are distributed through direct and indirect channels for applications in food and beverages, nutraceuticals, cosmetics, and other industries.
The baobab ingredient market research report is one of a series of new reports that provides baobab ingredient market statistics, including baobab ingredient industry global market size, regional shares, competitors with a baobab ingredient market share, detailed baobab ingredient market segments, market trends and opportunities, and any further data you may need to thrive in baobab ingredient industry. This baobab ingredient market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The baobab ingredients market consists of sales of baobab ingredients, such as seeds, kernels, leaves, funicles, roots, and shells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Baobab Ingredient Market Characteristics3. Baobab Ingredient Market Trends and Strategies4. Baobab Ingredient Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Baobab Ingredient Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Baobab Ingredient Market34. Recent Developments in the Baobab Ingredient Market
5. Global Baobab Ingredient Growth Analysis and Strategic Analysis Framework
6. Baobab Ingredient Market Segmentation
7. Baobab Ingredient Market Regional and Country Analysis
8. Asia-Pacific Baobab Ingredient Market
9. China Baobab Ingredient Market
10. India Baobab Ingredient Market
11. Japan Baobab Ingredient Market
12. Australia Baobab Ingredient Market
13. Indonesia Baobab Ingredient Market
14. South Korea Baobab Ingredient Market
15. Western Europe Baobab Ingredient Market
16. UK Baobab Ingredient Market
17. Germany Baobab Ingredient Market
18. France Baobab Ingredient Market
19. Italy Baobab Ingredient Market
20. Spain Baobab Ingredient Market
21. Eastern Europe Baobab Ingredient Market
22. Russia Baobab Ingredient Market
23. North America Baobab Ingredient Market
24. USA Baobab Ingredient Market
25. Canada Baobab Ingredient Market
26. South America Baobab Ingredient Market
27. Brazil Baobab Ingredient Market
28. Middle East Baobab Ingredient Market
29. Africa Baobab Ingredient Market
30. Baobab Ingredient Market Competitive Landscape and Company Profiles
31. Baobab Ingredient Market Other Major and Innovative Companies
35. Baobab Ingredient Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Baobab Ingredient Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on baobab ingredient market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for baobab ingredient? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The baobab ingredient market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Baobab Pulp; Baobab Powder; Baobab Oil2) By Source: Organic; Conventional
3) By Distribution Channel: Direct Channel; Indirect Channel
4) By Application: Food and Beverages; Nutraceuticals; Cosmetics; Other Applications
Subsegments:
1) By Baobab Pulp: Dehydrated Pulp; Whole Pulp2) By Baobab Powder: Raw Baobab Powder; Organic Baobab Powder
3) By Baobab Oil: Cold-Pressed Baobab Oil; Refined Baobab Oil
Key Companies Mentioned: Nexira SAS; Woodland Foods Ltd.; Eco-Products Inc.; Halka B Organics; BI Nutraceuticals Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Nexira SAS
- Woodland Foods Ltd.
- Eco-Products Inc.
- Halka B Organics
- BI Nutraceuticals Inc.
- Alaffia
- NP Nutra
- Afriplex Pty Ltd.
- Organic Africa
- Atacora Essential Inc.
- Baobab Foods LLC
- Baobab Fruit Company Senegal
- Baobab Superfruit
- Baobab Trading Company
- B'Ayoba (Pvt) Ltd.
- Ecuadorian Rainforest LLC
- Farafena
- Indigo Herbs Ltd.
- Mighty Baobab Ltd.
- PhytoTrade Africa
- TheHealthyTree Company
- Aduna Limited
- Holland & Barrett Retail Limited
- Sharon Bolel Chemical Marketing
- Essential Natural Oils
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 5.89 Billion |
Forecasted Market Value ( USD | $ 7.75 Billion |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |