June 16, 2024

Developing Markets are anticipated to open up new avenue for Bamboo Powder Market

Bamboo powder is fine particles extracted from bamboo plant. It is used as an ingredient in food, personal care and pharmaceutical products owing to its rich mineral content. In food industry, bamboo powder is used as thickening and texturizing agent in soups, sauces and noodles. It is also used as an anti-aging and hygroscopic agent in skin care and hair care products. Further, bamboo powder supports bone health and digestive system due its calcium, potassium and dietary fiber content.

The Bamboo Powder Market is estimated to be valued at US$ 158.4 Mn or Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Two key drivers contributing to the growth of global bamboo powder market are increasing demand for natural and organic ingredients in food and personal care industries and various health benefits of bamboo powder. Bamboo powder is gaining popularity as a natural substitute to chemically derived thickeners and texturizers in food products. Further, growing awareness about benefits of bamboo in anti-aging, skin nourishment and hair care is driving the demand for bamboo powder in personal care industry. Moreover, high calcium and potassium content of bamboo powder makes it beneficial for bone and digestive health. Additionally, bamboo powder acts as excellent absorbent and helps to control excess sebum secretion, thereby finding increasing application in skin and hair care products.

Segment Analysis

The bamboo powder market can be segmented based on application into food and beverages, health products, personal care products, feed, fertilizers and agriculture, paper and pulp, construction, and others. The food and beverages segment dominates the market owing to increasing demand for bamboo powder as a functional ingredient in various food products such as bakery items, snacks, beverages etc. Bamboo powder provides nutritional and culinary benefits to food products.

PEST Analysis

  • Political: The governments across many countries are supporting the growth of sustainable and eco-friendly industries such as bamboo sector through various policies and subsidies.
  • Economic: The rising disposable income and changing consumer preferences towards natural and organic products is driving the demand for bamboo powder globally.
  • Social: Increasing health awareness among consumers has increased the demand for bamboo-based dietary supplements and personal care products.
  • Technological: Advancements in processing and extraction technologies have made bamboo powder production more efficient and economically viable. New applications are also being developed.

Key Takeaways

The global bamboo powder market is expected to witness high growth, exhibiting CAGR of 3.3% over the forecast period, due to increasing demand for plant-based and sustainable ingredients in food and cosmetics industries. The Asia Pacific region dominates the global bamboo powder market, with China being the largest producer and consumer.

Regional analysis
The Asia Pacific region, led by China, accounts for the largest share in the global bamboo powder market due to availability of raw materials and dominant manufacturing capacity in the region. Countries such as India and Vietnam are also emerging as major producers.

Key players
Key players operating in the bamboo powder market are Bambu Naturals LLC, Fujian Huayi Bamboo & Wood Industry Co., Ltd., Bamboo Bio Composites Sdn Bhd, Xuyi Oumeijia Bamboo Products Co., Ltd., Fujian Jianyang Xingli Bamboo Products Co., Ltd., Bamboo Solutions Ltd., Reade International Corp., Shanghai Tenbro Bamboo Textile Co., Ltd., Green Earth Industries, Bamboo Technologies Ltd., Biomix SRL, EcoPlanet Bamboo Group, Texperts India Pvt. Ltd., Bamboo Shield, Bamboo Import Europe BV.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it