Bamboo Powder Market To Grow At Highest Pace Owing To Rising Application In Various Industries
The bamboo powder market is one such emerging market owing to the versatile applications of bamboo powder. Bamboo powder is derived from grinding dried bamboo shoots into a fine powder. It contains numerous nutritional properties including fibre, antioxidants and other minerals. Bamboo powder is used as a substitute for wheat flour in foods to increase their nutritional value. It serves as a sustainable and eco-friendly alternative to cereal grains and flours.
The global bamboo powder market is estimated to be valued at US$ 158.4 Mn in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030.
Bamboo powder is increasingly being used in food and beverage applications owing to its nutritional benefits. It is used to produce gluten-free products, baked goods as well as noodles and pasta. Moreover, bamboo powder is gaining popularity in cosmetic and personal care industry due to its exfoliating and cleansing properties. It is used in various facial scrubs, soaps and shampoos. With rising health and environment consciousness, bamboo powder serves as an ideal substitute for microplastic-based exfoliants.
Key Takeaways
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.
The demand for bamboo powder is increasing at a significant rate owing to surge in application across food, cosmetics and pharmaceuticals industries. Bamboo powder helps in formulating various gluten-free and nutritious food products.
Technological advancements have enabled efficient drying and grinding of bamboo for optimum extraction of powder. New techniques ensure high yields with better retention of nutrients in bamboo powder.
Market Trends
The bamboo powder market is witnessing rising popularity of organic bamboo powders with increasing health conscious consumer base. Players are offering certified organic bamboo powders processed without any chemicals.
Nanotechnology is being explored to produce nanosized bamboo powder particles with enhanced efficacy. Nano bamboo powder can offer improved absorption in cosmetic formulations.
Market Opportunities
Emerging economies with growing food processing and personal care sectors are expected to generate significant demand for bamboo powder. Market players can explore opportunities in Asia Pacific and Middle East & African regions.
New application development in pharmaceuticals and nutraceuticals using medicinal properties of bamboo is likely to shape positive growth prospects.
Impact of COVID-19 on Bamboo Powder Market
The outbreak of COVID-19 adversely impacted the bamboo powder market growth during 2020-2021. The imposition of lockdowns and supply chain disruptions hampered the procurement of bamboo and processing activities. This led to a decline in the production and availability of bamboo powder. The closure of foodservice and hospitality industries also reduced the demand for bamboo powder from these end-use sectors. However, with the resumption of economic activities post-lockdowns, the market is slowly recovering. The demand from the food and beverages industry is increasing as consumers are shifting towards healthy and nutritious food products. Manufacturers are focusing on innovating new products and strengthening their online distribution channels to cater to the rising demand. The awareness regarding the various health benefits of bamboo is also driving the adoption of bamboo powder in various food applications. In the coming years, the market is expected to witness steady growth backed by increasing product promotions and launches catering to evolving consumer preferences.
The Asia Pacific region accounted for the highest value share in the global bamboo powder market in 2024. Countries like China, India, and Vietnam have abundant bamboo resources and a large production base. The growing demand for bamboo powder from various end-use industries such as food and beverages, personal care, pharmaceuticals, etc. is driving the market growth in the region. Europe is projected to be the fastest-growing regional market between 2023 and 2030 due to rising consumer focus on sustainability and green products. Countries like Germany, UK, Italy, and France are major markets offering opportunities for bamboo powder manufacturers.