Bamboo Powder Market Growth Accelerated by Sustainable and Eco-friendly Attributes

 

Bamboo powder is obtained by grinding dried and processed bamboo particles into a fine powder. It is commonly used as a thickening, binding, and bulking agent in food & beverage, cosmetics, construction, and pharmaceutical applications. Bamboo powder has several beneficial attributes including sustainability, biodegradability, cost-effectiveness, and durability. It is a renewable natural resource that grows faster than wood and its cultivation enhances carbon sequestration. Bamboo powder is being increasingly used as a replacer for plastic and other non-biodegradable materials in various industries due to growing environmental concerns. The global 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 key trends:

One of the key trends driving the growth of the bamboo powder market is its increasing usage in the food & beverage industry. Bamboo powder acts as an excellent thickening agent and natural preservative in sauces, baked goods, beverages, snacks, and desserts. It helps improve texture, extend shelf-life and provides a subtle bamboo flavor. With consumers demanding cleaner label and sustainable products, major food companies are increasingly incorporating bamboo powder in various food products. Its usage is growing in Asia-Pacific countries where it is considered a superfood. Expanding application in dietary supplements is another trend as bamboo powder provides silica and other minerals that are beneficial for bone & skin health. Major players are investing in R&D to develop novel application-based bamboo powder products to gain a bigger share in the market.

Segment Analysis

The global bamboo powder market is segmented based on form, application, and region. Based on form, the market is divided into nano powder and standard powder. Nano powder constitutes the major share as it is more widely used due to its finer texture and ease of blending. It can be easily incorporated into various food and personal care products. In terms of application, the bamboo powder market is categorized into food, personal care, feed, and others. The food segment dominates as bamboo powder is gaining popularity as a new source of fiber in dietary supplements, cereals, and snacks. Emerging applications in beverages are also contributing to the growth of this segment.

Key Takeaways

The global bamboo powder market is expected to witness high growth over the forecast period of 2023 to 2030 on account of rapid urbanization and changing lifestyles globally.

Regional analysis shows that Asia Pacific accounts for the major share of the global bamboo powder market currently. China is the leading producer and consumer of bamboo powder worldwide. The country has a well-established bamboo industry and strong manufacturing base for bamboo powder and products.
North America is projected to witness the highest growth in the bamboo powder market during the forecast period. Increasing consumer awareness about the health benefits of bamboo and exponential growth of natural and organic personal care products industry in the US and Canada are driving the demand for bamboo powder in the region.

Key players operating in the bamboo powder market include 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, and Bamboo Import Europe BV. Leading players are focusing on new product development and capacity expansion strategies to strengthen their market position.

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