According to Cognitive Market Research, The Global Baobab market is expected to be USD 9.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.
The global baobab market will expand at a 6.8% CAGR between 2023 and 2030.
The demand for baobab powder and oil is increasing due to awareness regarding the nutritional benefits of baobab fruit.
Demand for organic baobab remains higher in the baobab market.
The powder category held the highest baobab market revenue share in 2023.
Europe will continue to lead, whereas the North America baobab market will experience the strongest growth until 2030.
