The global bamboo shoots market revenue was around US$ 375 million in 2022 and is estimated to reach US$ 660 million by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2031.
Bamboo belongs to the Poaceae family of perennial evergreen grasses. These plants develop swiftly in a single day. They can reach a height of 30 cm (1 foot). Their distinct texture and flavor make them a popular component in Asian cooking, especially when combined with various spices and vegetables.
Market Driving Factors
The health advantages associated with bamboo shoots are stimulating customer demand. Bamboo shoots are highly integrated into healthy diets owing to their higher amounts of amino acids, proteins, minerals, vitamins, carbohydrates, and a lower content of fat. According to a health care professional, bamboo shoots can aid in the functioning of the thyroid and pituitary glands as they can produce and regulate hormones. In addition, the surging demand for nutraceutical and functional products with higher nutritional value is propelling the market growth.
Bamboo shoots are a plant-based food choice and are suitable for different dietary preferences, including vegan, vegetarian, and gluten-free diets. As a result, bamboo shoots are gaining popularity as an eco-friendly and healthy choice. In addition, consumers are seeking out choices for sustainable food sources. Thus, this factor drives the market growth.
The presence of more species in bamboo shoots increases the risk of health problems since different species have different nutritional values. Additionally, there is a possibility that bamboo shoots contain toxic substances that could affect consumers' health. Thus, this factor hampers the market growth.
Regional Analysis
North America dominated the market in terms of the rate and is estimated to maintain its dominance over the forecast period. This can be attributed to the surge in consumption of healthy food to enhance immunity levels among customers. Furthermore, the increased popularity of Asian cuisines in the region propelled the market growth.
The Asia-Pacific is estimated to be the fastest-growing region in the market during the forecast period. This is due to the conventional popularity of bamboo shoots in culinary applications. In this region, bamboo shoots are utilized to prepare a variety of broths and meals. They are available in stores either cooked or fresh. The classic significance of bamboo shoots in the region is mainly in India and China. This factor propels the global demand.
Segmentation Insights
Type Insight
The fresh segment is projected to dominate the market in terms of the rate during the forecast period. This is primarily due to their use in culinary applications. Fresh bamboo shoots are healthful and sustainable, with major use in recipes including sebum, us hoi, rep, mesu, and more. Additionally, the increasing demand for healthy food, along with the surge in disposable income is the factor that contributes to driving the market growth.
The dried segment dominates the market in terms of revenue. This is due to the seasonal availability of bamboo shoots. Customers certainly have a preference for bamboo shoots throughout the year because of how deeply they are incorporated into traditional cooking methods, but the seasonal productivity of bamboo shoots has raised serious concerns. In addition, fresh bamboo shoots are dried, which expands the shelf life of bamboo shoots for a longer time to tackle the situation. Furthermore, the less time availability to buy in a weekly or monthly form means that these dried bamboo shoots improve the consumer's productivity with the same product with a longer shelf life, increasing demand from working experts.
Packaging Type Insight
The canned segment dominates the market in terms of the largest share. Customers highly prefer canned bamboo shoots as they are available in pre-cut form, decreasing the time consumed in restaurants and households, and offering comfort to working experts as they have minor time for cooking and food intake. Additionally, it can protect flavor, freshness, and texture, leading to tasty recipes along with the extension of the shelf life of bamboo shoots. These elements are increasing the demand for bamboo shoots in canned packaging.
The bottle segment dominates the market in terms of fastest growth. This package type assists bamboo shoot customers in accessing the product throughout the year. Furthermore, comfort is one of the elements driving bottle package types, as it promotes ease of carrying from one place to another.
Distribution Channel Insight
The online segment dominates the market in terms of holding a significant share of revenue. This is due to the user-friendly interfaces of e-commerce platforms and the availability of bamboo shoots from a broad range of producers in one place. Furthermore, online sales channels are achieving traction nowadays attributable to cost details and user reviews, which can be valuable to customers to understand the feedback on product consumption by existing purchasers.
Prominent Companies
Segmentation Outline
The global bamboo shoots market segmentation focuses on Type, Packaging Type, Distribution Channel, and Region.
By Type
By Packaging Type
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BAMBOO SHOOTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BAMBOO SHOOTS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BAMBOO SHOOTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BAMBOO SHOOTS MARKET, BY TYPE
5.1 OVERVIEW
5.2 FRESH
5.3 DRIED
6 GLOBAL BAMBOO SHOOTS MARKET, BY PACKAGING TYPE
6.1 OVERVIEW
6.2 CANNED
6.3 BOTTLES
7 GLOBAL BAMBOO SHOOTS MARKET, BY DISTRIBUTION CHANNEL
7.1 OVERVIEW
7.2 ONLINE SALES
7.3 SUPERMARKETS AND HYPERMARKETS
7.4 CONVENIENCE STORES
7.5 OTHERS
8 GLOBAL BAMBOO SHOOTS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BAMBOO SHOOTS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 CANZ
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 DNICE FOODS GROUP
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 DYNASTY
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 GEISHA
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 HOMCOOK
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 JIEYANG CITY JUNJIA INDUSTRY
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 LUCIANA
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 MONTREAL FOODS COMPANY
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 NATIVE FOREST
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 NINGBO KISUN BIOFOOD DEVELOPMENT
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 PAHARI ROOTS
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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