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Baobab Market expected to Witness Huge Revenue Growth to 2030

Baobab Market size is projected to reach USD 5.22 Billion by 2030 from an estimated USD 2.93 Billion in 2023, growing at a CAGR of 8.6% globally.

Baobab, a fruit native to Africa, is rich in essential nutrients such as vitamin C, fiber, and antioxidants, making it highly sought after in the health and wellness sector. Moreover, the rising trend of clean eating and natural ingredients has further boosted the demand for baobab products, driving market expansion. Companies are capitalizing on this growing interest by introducing a variety of baobab-infused goods ranging from juices and snacks to supplements and skincare products. For instance, expanding into the beauty and personal care segment with baobab-based skincare products can tap into the growing demand for natural and sustainable cosmetics

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08:13 AM - Feb 15, 2024 (UTC)

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