Bamboo Shoots Market Share, Size, Trends, Industry Analysis Report, By Type (Fresh, Dried); By Packaging Type; By Distribution Channel; By Region; Segment Forecast, 2023- 2032
- Published Date:Dec-2023
- Pages: 114
- Format: PDF
- Report ID: PM4082
- Base Year: 2022
- Historical Data: 2019-2021
The global bamboo shoots market was valued at USD 375 million in 2022 and is expected to grow at a CAGR of 6.5% during the forecast period.
Bamboo is a perennial evergreen grass in the family Poaceae. These plants grow quickly, reaching a height of 30 cm (1 foot) in just one day. They are popular ingredients in Asian dishes due to their flavor and unique texture, which make them suitable for pairing with other vegetables and spices. The growing studies on bamboo shoots and their nutritional potential for use in the pharmaceutical and food industries are widening the market for bamboo shoots.
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- For instance, in December 2022, a study review published in MDPI focused on finding the effect of climate change on the life cycle of bamboo shoots (phenology). The data available on western bamboo species is limited to seasons rather than exact dates and periods of months. The study concludes the need for further studies with the exact date or monthly data of bamboo phenology to find climate change impacts on it.
Moreover, besides its use in the food industry, it has the potential to be used in therapeutics, which is attributable to its nutritional content. It contains phenolics, phytosterols, amino acids, vitamins, and more, which have the capability of assisting with some health issues as they can control cholesterol and have antioxidant, neuroprotective, and anticarcinogenic properties.
However, the existence of a greater number of species in bamboo shoots can lead to health issues as all bamboo shoots do not have similar nutritional content, and there is also a chance of harmful toxins being present in bamboo shoots, leading to health issues among consumers.
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- The health benefits associated with bamboo shoots are stimulating consumer demand.
Bamboo shoots are highly incorporated into healthy diets due to their higher amounts of proteins, amino acids, vitamins, minerals, carbohydrates, and a lower content of fat. According to a health care expert, bamboo shoots can assist in the functioning of the pituitary and thyroid glands as they can regulate and produce hormones. The increasing demand for nutraceutical and functional products with higher nutritional value is driving the growth and demand for the bamboo shoot market in the coming years.
The market is primarily segmented based on type, packaging type, distribution channel, and region.
By Packaging Type
By Distribution Channel
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By Type Analysis
- The fresh segment is expected to witness the highest growth during the forecast period.
The fresh bamboo shoots are projected to grow at a CAGR during the projected period, mainly driven by their use in culinary applications. Fresh bamboo shoots are healthy and sustainable, with major use in recipes including ushoi, soibum, rep, mesu, eup, ekhung, hirring, and more. The rising demand for nutritional food, along with the increase in disposable income, is, in a way, contributing to the growth of the bamboo shoots market in the coming years.
The dried segment led the industry market with a substantial revenue share in 2022, largely attributable to the seasonal availability of bamboo shoots. As they are highly incorporated into traditional cooking processes, consumers do have a preference for the overall year, but the seasonal productivity of bamboo shoots has become a huge concern. To tackle this, fresh bamboo shoots are dried, which extends the shelf life of bamboo shoots for a longer time. Furthermore, the lower time availability to purchase in a weekly or monthly manner means that these dried bamboo shoots enhance the productivity of consumers with the same product with a longer shelf life, driving demand from working professionals.
By Packaging Type Analysis
- Canned segment accounted for the largest market share in 2022
The canned segment accounted for the largest market share. Consumers highly prefer canned bamboo shoots as they are available in pre-cut form, reducing the time spent in households and restaurants and providing convenience to working professionals as they have less time for cooking and food intake. In addition, along with the extension of the shelf life of bamboo shoots, it can protect freshness, flavor, and texture, leading to tasty recipes. These factors are contributing to the demand for bamboo shoots in canned packaging.
The bottle segment will grow at a rapid pace on account of the longer shelf life of bamboo shoots compared to canned bamboo shoots. This package type helps bamboo shoot consumers access the product throughout the year. Furthermore, convenience is one of the factors driving bottle package types, as it facilitates easy carry from one place to another.
By Distribution Channel Analysis
- The online segment held a significant market revenue share in 2022
The online segment held a significant market share in revenue in 2022, which is highly accelerated due to the user-friendly interfaces of e-commerce platforms and the availability of bamboo shoots from a wide range of producers in one place. Furthermore, online sales channels are gaining traction nowadays attributable to price information and user reviews, which can be beneficial to consumers to know the feedback on product consumption by existing purchasers. Moreover, the rising number of smartphone users is increasing access to e-commerce platforms as it reduces transaction costs from traditional purchases and assists consumers with time constraints.
- North America region witnessed the largest share of the global market in 2022
The North America region registered the global market due to the growing consumption of healthy food with the intention of improving immunity levels among consumers. The rising popularity of Asian cuisines in the region is fueling the demand for bamboo shoots in the region. According to Volza's data on United States imports, 19.1K bamboo shoots were imported into the country by 2,746 importers from 1,623 suppliers. The United States is the world's top importer of bamboo shoots, obtaining most of its supply from China, Vietnam, and Thailand. The ongoing consumer preference for healthy and nutritional vegetables will further create new growth opportunities for bamboo shoots in the region in the next few years.
The Asia-Pacific region is expected to be the fastest-growing region with a healthy CAGR during the projected period, owing to the traditional popularity of bamboo shoots in culinary applications. In this region, bamboo shoots are used to prepare a variety of meals and broths; they are available in stores either fresh or cooked. The traditional significance of bamboo shoots in Asia, primarily in China and India, is facilitating the global demand. There are more than 136 different varieties of bamboo grown in India, which covers more than 13.96 million hectares. Almost 13% of the total forest area is made up of bamboo. India is now the world's second-largest producer of bamboo, behind China. The presence of the largest bamboo shoot producers in the region is stimulating the expansion of the market in the coming years.
Key Market Players & Competitive Insights
The bamboo shoots market is expected to witness a rapid surge in the evolution of market players with a view to increasing their product portfolio driving new product innovations in the marketplace. The rise in collaborations, partnerships, mergers, and acquisitions among the major players is expanding the global outreach of products to a wider consumer base in the coming years.
Some of the major players operating in the global market include:
- Dnice Foods Group
- Jieyang City Junjia Industry
- Monteral Foods Company
- Native Forest
- Ningbo Kisun Biofood Development
- Pahari Roots
- In April 2023, the government of India initiated the "one district, one product" ideology to stimulate livelihood opportunities for tribals in the Northeast region. As a part of this, three new items from VDVKs (vandan kendras) all over Manipur were also released, including dried bamboo shoots, black rice, and cinnamon rolls (dalchini), all from the Kamjong District.
Bamboo Shoots Market Report Scope
Market size value in 2023
USD 398.50 million
Revenue forecast in 2032
USD 702.97 million
6.5% from 2023 – 2032
2019 – 2021
2023 – 2032
Revenue in USD million and CAGR from 2023 to 2032
By Type, By Packaging Type, By Distribution Channel, By Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.