by Bamboo powder is a form of powder made by grinding dried and sliced bamboo into a fine powder. It has various applications in different industries such as food, personal care, and healthcare owing to its nutrition and functional properties. Bamboo powder is a rich source of fiber, antioxidants, amino acids and other nutrients. It is used as a thickening and binding agent in food products. In personal care, bamboo powder is used in cosmetic products such as face masks, lotions owing to its emollient and moisture retaining properties. In healthcare, bamboo powder has medicinal properties and is used in herbal medicines and supplements.
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 in the bamboo powder market is its expanding applications in the food industry. Bamboo powder is widely being used as a thickening and binding agent in food products such as noodles, baked goods and soups. It serves as a plant-based alternative to wheat flour and other grain flours. Another trend is the increasing demand for bamboo powder in personal care products. Owing to its soothing and moisture retaining properties, bamboo powder is widely utilized in herbal cosmetic products such as face masks, lotions and creams. The growing popularity of herbal and natural ingredients in personal care is driving the demand for bamboo powder.
Porter’s Analysis
- Threat of new entrants: The bamboo powder market requires high initial investments for R&D, processing facilities, and marketing to gain brand recognition which makes the threat of new entrants moderately low.
- Bargaining power of buyers: The presence of numerous small and fragmented buyers in end-use industries like textiles, agriculture, pharmaceuticals, etc. gives them moderate bargaining power against producers.
- Bargaining power of suppliers: The abundant availability of raw bamboo from major producing regions like China, India, Vietnam gives suppliers high bargaining power over producers.
- Threat of new substitutes: There exists a threat of substitutes like wood powder and other plant-based alternatives, but bamboo powder has an advantage over them due to its sustainable and renewable properties.
- Competitive rivalry: The bamboo powder market is fragmented with the presence of numerous small and private producers globally. Competition is expected to intensify further with the increasing demand.
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 from end-use industries like textiles, pharmaceuticals, food, etc.
Regional analysis
The Asia Pacific region currently dominates the global bamboo powder market owing to the large availability of raw bamboo in countries like China, India, and Vietnam. These countries also have a long tradition of using bamboo products.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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