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Bamboo Powder Market is Estimated To Witness High Growth Owing To Growing Demand in Cosmetic Industry

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The 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 obtained by grinding dried and pulverized bamboo. It is used extensively in various industries such as food, cosmetics, pharmaceuticals etc. due to its anti-bacterial, antioxidant and soothing properties. In cosmetics, bamboo powder acts as an exfoliator,Cleanser, moisturizer and protects the skin from sun damage. It boosts collagen production and reduces signs of aging.

Market key trends:

The global bamboo powder market is expected to witness significant growth, owing to rising demand from the cosmetic industry. Bamboo powder is widely used in various cosmetic products such as face masks, creams, lotions owing to its healing and antioxidant properties. It helps to balance sebum production, reduce acne, fine lines and wrinkles. The anti-bacterial properties of bamboo powder keep the skin clear from blemishes and breakouts. Also, growth in organic and herbal cosmetic products is expected to boost the demand for bamboo powder. Due to growing awareness about potential side effects of chemical-based cosmetics, consumers are shifting towards natural and herbal ingredients. This is expected to significantly drive the global bamboo powder market over the forecast period.

Porter’s Analysis

Threat of new entrants: The Global Bamboo Powder Market Size has moderate barriers for new entrants given the capital required for processing bamboo into powder. However, it is easy to source bamboo as a raw material.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products. However, unique properties of bamboo powder versus other natural powders provide some differentiation.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power given the widespread availability of bamboo as a raw material.
Threat of new substitutes: Substitute products include other plant-derived powders, but bamboo powder offers distinct advantages in terms of sustainability and properties.
Competitive rivalry: The market has several large and small players globally.

SWOT Analysis

Strengths: Bamboo is one of the fastest growing and most sustainable plant materials. Bamboo powder offers various functional properties for different applications.
Weaknesses: Significant capital investment required for bamboo powder processing equipment. Supply chain challenges for sourcing quality bamboo.
Opportunities: Increasing demand for plant-based and sustainable products across industries like food, pharmaceuticals and cosmetics. Growth of the organic and natural products market.
Threats: Competition from other natural powders and fillers. Economic slowdowns impacting buyer industries.

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 for sustainable and plant-based additives and fillers across industries. The market size for 2023 is US$ 158.4 Mn.

Regional analysis – Asia Pacific accounts for the largest share of the global bamboo powder market currently and will continue dominating with over 50% market share till 2030. China is the leading producer and consumer of bamboo products globally with several small and large bamboo powder manufacturers located in the country.

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.

Read Our More Blogs : https://www.dailyprbulletin.com/bamboo-powder-market-forecast-outlook-trend-2023-2030/

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