The Baobab Opportunity: Why Investors are Eyeing this Emerging Ingredient
The baobab ingredient market is poised for significant growth, with a valuation of approximately US$ 5.2 billion in 2022. Projections indicate a compound annual growth rate (CAGR) of 5.2% from 2023 to 2031, potentially reaching US$ 8.2 billion by the end of this forecast period. This growth is primarily driven by a surge in demand for functional foods and beverages, as well as an increasing...
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