by 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 Overview:
Bamboo powder is a finely ground powder made from dried and crushed bamboo. It is commonly used as food additive, ingredient in cosmetics and personal care products. Bamboo powder acts as a thickening agent in food products. It can also be used as natural exfoliant and scrub in facial masks and scrubs due to its gentle abrasive properties. Bamboo is a abundant, renewable resource and bamboo powder production helps to utilize byproduct of the bamboo industry. Bamboo powder also helps companies to offer natural or organic labeled products.
Market key trends:
Increasing demand for natural and organic food additives: Consumers are increasingly preferring food products with natural ingredients over synthetic or artificial additives. This growing demand from health-conscious consumers is fueling the bamboo powder market. Bamboo powder acts as a thickening agent and emulsifier without use of any artificial ingredients.
Rising popularity of bamboo in cosmetics industry: Bamboo powder finds wide application in various cosmetic and personal care products such as shampoos, face masks, soaps due to its skin soothing and exfoliating properties. Growing natural and herbal trends in cosmetics is augmenting the consumption of bamboo powder. Manufacturers are employing bamboo powder to formulate natural skin care ranges.
Abundant availability of bamboo: Bamboo being one of the fastest growing plants, its availability is ample. Bamboo powder production helps companies to utilize the byproduct from other bamboo industries and adds value to their business. This abundant availability along with versatile application is propelling the bamboo powder market growth.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as bamboo powder production requires high capital investment and technical expertise. Established players have economies of scale and brand recognition.
Bargaining power of buyers: The bargaining power of buyers is moderate. The global bamboo powder market is fragmented with presence of numerous regional and international players. Buyers can negotiate on price with alternative suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is low owing to the availability of raw material from numerous domestic and international sources. Suppliers have less influence on buyers.
Threat of new substitutes: The threat of new substitutes is low as bamboo powder has unique properties and is considered environment-friendly. There are limited alternatives available for bamboo powder.
Competitive rivalry: Competition in the bamboo powder market is high and players focus on new product launches, partnerships, and regional expansion to gain market share.
Key Takeaways
The Global Bamboo Powder Market Size was valued at US$ 158.4 Mn in 2023 and is expected to reach US$ 175.8 Mn by 2030, exhibiting a CAGR of 3.3% during the forecast period due to the growing industrial applications of bamboo powder in construction, paints, paper, food, textiles and cosmetics industries.
Asia Pacific dominated more than 40% of the global bamboo powder market share in 2023 led by China. The region is expected to continue its dominance during the forecast period owing to the easy availability of raw materials and presence of export-oriented manufacturing bases.
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. Players focus on strengthening their distribution networks and enhancing product portfolios to expand their market shares.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
