Bambara Beans Market to Surpass USD 134 Million by 2022, Reaching USD 267.6 Million by 2032
Bambara beans market is predicted to be raise at USD 134 million in 2022, which will increase at a CAGR of 7.2% to reach USD 267.6 million from 2022 to 2032. The market was valued at USD 127 million in 2021 and is expected to grow year-on-year by 5.5% to USD 134 million.
Recognized as a complete food, Bambara Bean comprises an average 19% protein and about 6.5% fat, making it a vital source of dietary protein. Bambara Bean is highly tolerant of poor quality soils and droughts, where it is grown.
Bambara Beans Market Growth
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The Bambara Beans Market is expanding rapidly as customers discover the health benefits and distinct flavour profile of these versatile beans. Bambara beans are becoming increasingly popular in both traditional and plant-based diets due to their high protein content, gluten-free qualities, and versatility to a variety of culinary applications. Consumer awareness and demand for healthy, sustainable food options are driving the market’s growth.
Bambara is ideally suited for low-input agricultural production systems in Sub-Saharan Africa’s drought-prone regions. Potassium-rich Bambara Bean leaves make a superior source of animal feed. Bambara beans are a crop that is best suited for small-scale farmers since they are challenging to mechanically harvest. As a result, large-scale commercial farmers avoid planting them.
Bambara Beans are extensively used in food and beverages owing to their high protein content and ability to improve digestion. The seed of Bambara beans is known to improve soil as it can fix nitrogen. The nuts of Bambara beans are also consumed as a snack, in salted or roasted form.
According to a study put together by Future Market Insights, the consumer demand for Bambara Bean is anticipated to witness spectacular rise, promoted by its increasing applications in healthy foods and snacks.
Bambara Beans, an Emerging Income Source for African Women
Bambara Bean is Africa’s third most important grain bean. The bean possesses high nutritional value. Bambara Beans and its products are often used as a snack or food supplement. Food and beverages made using Bambara Beans are high in protein content and good for the digestion system.
Bambara Beans can also be consumed after drying. The multifunctional bean has gained commercial and nutritional acceptance due to growing demand for highly relished and ready-to-eat food products it produces.
The Bambara Bean market is expected to observe robust growth owing to the various advantages of Bambara beans (for instance, Bambara bean can grow on poor soil). Despite being considered a neglected specie, the prospect for the growth of the Bambara Beans market is positive.
Global Bambara Beans Market: Market Participants
Some of the key players operating in the global Bambara Beans market are Princebrim Foods, BUSH’S, EARTH EXPO COMPANY, Henan Changling Food Co. Ltd., Lazima Farm Company and Elite Trading Company, among others.
Opportunities for Market Participants in Bambara Beans Market
Within the African sub-continent, Bambara Beans are a source of significant nutrition in more than 30 countries. Bambara Beans are a significant part of people’s diet and livelihood in various countries of Africa, such as Zimbabwe, Cameroon, Nigeria and more.
Also, over the years, the production of Bambara Beans has significantly increased and experienced strong growth. Burkino Faso is an important producer of Bambara Beans with more than 50,000 tons of production capacity. Nigeria and Cameroon are other important producers with more than 30,000 tons of production capacity.
The cultivation of Bambara Beans is mainly done in African countries, so the potential for growth in these countries is relatively higher than in other regions. Bambara Beans is considered to be an important crop owing to its functional properties, nutritive composition, antioxidant potential and the fact that it is a drought-resilient crop and thus, it will witness strong demand globally.
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Global Bambara Beans Market Segmentation
On the basis of nature, the global Bambara Beans market has been segmented as –
- Organic
- Synthetic
On the basis of applications, the global Bambara Beans market has been segmented as –
- Cooking Ingredient
- Snack Foods
- Dietary Supplements
- Animal Feed
- Flour
- Dairy Alternative
On the basis of distribution channel, the Bambara Beans market has been segmented as
- Direct Sales (B2B)
- Indirect Sales (B2C)
- Hypermarkets/Supermarkets
- Online Stores
- Specialty Stores
- Other Retailers
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