The Bamboo Powder Market is estimated to be valued at US$ 158.4 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 Overview:
Bamboo powder is obtained by grinding dried and crushed bamboo into a fine powder form. It is commonly used as an additive in food, cosmetics, and construction materials due to its various functional properties. In the food industry, bamboo powder acts as a thickening agent, stabilizer, and texture enhancer in products like noodles, snacks, and baked goods. In cosmetics, it exfoliates dead skin cells and absorbs oil and sebum for its acne treatment and anti-aging properties. Bamboo powder also serves as reinforcement in concrete, wood-plastic composites, and oriented strand board due to its high compressive strength and light-weight nature.
Market Dynamics:
Two major drivers expected to boost the growth of the bamboo powder market include:
1) Increasing demand for natural and sustainable products: There is rising consumer preference for green and eco-friendly products obtained from renewable natural resources like bamboo due to growing health and environmental concerns. This favors the adoption of bamboo powder as a more sustainable alternative to synthetic ingredients.
2)Versatility and unique functional properties: Bamboo powder possesses high fibrous content and water holding capacity. It acts as an odor remover, thickening agent, and emulsifier in products. Its versatility for applications in different industries as a renewable and low-cost natural ingredient is driving its demand.
Segment Analysis
The bamboo powder market can be segmented based on application into food additives, animal feed, healthcare, agriculture, and ceramics & refractories. The food additives segment is expected to dominate the market during the forecast period. Bamboo powder is used as a thickening agent and binding agent in various food products like noodles, snacks, and confectionery. It provides nutritional and functional benefits to processed food products.
PEST Analysis
Political: There are no significant trade barriers or regulations affecting the bamboo powder market globally. However, some countries have regulations regarding food additives and permissible limits.
Economic: The global bamboo powder market is driven by the growing processed food industry, increasing demand for nutraceuticals, and rising applications in animal feed sector.
Social: Rising health consciousness and preference for organic and plant-based products is fueling the demand for bamboo powder from food & beverage, personal care, and nutraceutical industries.
Technological: Technological advancements have enabled efficient processing of bamboo via mechanical grinding to produce fine bamboo powder without using any chemicals. This has augmented its applications.
Key Takeaways
The Global Bamboo Powder Market Size was valued at US$ 158.4 million in 2023 and is expected to reach US$ 193.7 million by 2030, expanding at a CAGR of 3.3% during the forecast period. The food additives segment accounts for over 30% of the global demand for bamboo powder owing to wide applications in noodles, snacks, confectionery, and other food products. Regionally, Asia Pacific dominates the global bamboo powder market and held around 60% market share in 2023. Countries like China, India, and Vietnam are the major producers and consumers of bamboo powder globally. 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.
Regional analysis
Asia Pacific is expected to continue dominating the global bamboo powder market during the forecast period. China is the leading producer and consumer of bamboo powder globally, owing to ample availability of raw bamboo and robust processed food industry. Countries like India and Vietnam are also emerging as major producers, driven by the government focus on bamboo cultivation and development of downstream industries.
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
