Global Bambara Beans Market - 2023-2030

Global Bambara Beans Market - 2023-2030

Global Bambara Beans Market reached US$ 139.8 million in 2022 and is expected to reach US$ 231.3 million by 2030 growing with a CAGR of 6.5% during the forecast period 2023-2030. The demand for bambara beans is increasing as they are wide availability of different products such as landraces, vigna subterranean, African legumes, and others.

The growing demand for protein-rich legumes and high-quality bambara beans, as they provide numerous health benefits. Consumers increasing the usage of bambara beans in various applications such as milk, yogurt, bread, biscuits, doughnuts, fura, fufu, and pasta. These factors are increasing the global bambara beans market size.

Key players are also focusing on brand improvement, product innovation, and launches to increase revenue and market share. This launch can help in raising the global bambara beans market share value. For instance, In 2021, NamZ, a Singapore-based company set to launch a product made from the Bambara groundnut, which is Bambara milk in Singapore, with the potential to improve the lives of tropical smallholder farmers.

Market Dynamics
Rising Demand for Healthy Products is Estimated to Drive the Bambara Beans Market Growth.
People are shifting towards bambara beans as they provide essential sources of digestive fiber, protein, and minerals. Bambara beans provide numerous health benefits such as boosting the body’s blood level, preventing bone disorders, preventing malnutrition, and some others. Raising consumer concerns about cardiovascular diseases, diabetes, and obesity is driving the global bambara beans market.

The producers of bambara beans are utilizing consumers approval for innovative varieties to develop value-added items that will diversify their portfolio. For instance, In 2020, Simply Africa Foods launched a new line of Bambara beans flour. The flour is made from high-quality Bambara beans and is gluten-free, making it a popular choice for consumers with dietary restrictions. Consequently, the market for bambara beans would increase more during the forecast period.

High Adoption of Bambara Beans in rural households throughout Sub-Saharan for nutritional food drives the market.
The popularity of bambara beans is increasing as it is drought tolerant and can be grown in less water-available areas or Sahara regions. People are becoming more aware of the health benefits caused by the bambara beans. The Bambara beans are available in different varieties such as landraces, vigna subterranean, and some others. These products of bambara beans are likely to increase the market growth.

Bambara leaves contain high amounts of potassium which is ideal for animal feed. Agricultural organizations and policymakers are concentrating on utilizing crops like bambara beans for nutrition and food security, income generation in rural areas, and addressing the economic and agronomic challenges to support the local small-scale farmers. These factors help in driving the market.

Limited Supply Chain and Less Shelf Life Impede the Market Growth.
The bambara beans are more perishable and have 3-12 months of shelf life which tend to spoil faster compare to other conventional beans. As beans are perishable, they require proper handling, and storage conditions to maintain the quality of beans. Consumers may prefer other alternatives for fear of spoilages and potential losses.

Bambara beans are primarily grown in specific regions due to their specific climatic and soil requirements. This geographical constraint restricts the overall production and availability of bambara beans in global markets. Bambara beans are more cultivated by small-scale farmers which limits the quality of bambara beans and causes hindering to the supply chain of the global bambara beans market.

COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis
The global bambara beans market is segmented based on nature, form, application, and region.
In the Global Market of Bambara Beans, the Organic Segment Holds the Largest Market Share.

The global bambara beans market has been segmented by nature into organic and conventional The organic segment held the largest bambara beans market share of 35.8% in 2022 in the bambara beans market analysis report. Consumers are more willing to shift to organic bambara beans as they provide numerous health benefits such as curing inflammatory disorders and altering cancer cell growth.

Organic bambara beans are excellent sources of protein, dietary fiber, minerals, essential nutrients, and some others. Manufacturers of food industries are creating innovative bakery and confectionery products because it provides culinary characteristics. Rising consumer awareness about the essential nutrients provided by organic bambara beans increases the usage of organic bambara beans for household purposes.

Geographical Analysis
The North America Region Held the Largest Share in Bambara Beans Market.
The global bambara beans market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North America bambara beans market held the largest market share of 42.6% in 2022 in the bambara beans market analysis. The growing urbanization and rising purchasing power of the users are leading to the increasing market chances for bambara beans over the forecast period.

Health-related factors, raising in awareness about the functional properties of beans and others affect population purchasing power, and changes in consumer lifestyle and eating habits are the main factors influencing bambara beans consumption across North America. The market is driven by increasing rising vegan population and gluten-free products in this region.

Competitive Landscape
The major global players in the market include African Flavour’s, Khushbu Trades, Oro Seeds, BUSH’S, TH and NH Trading Pty Ltd., Earth Expo Company, Amafu Stock Trading, Henan Changling Food Co. Ltd., Bambara Nut Company, and Keystone Seed Ltd.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The unprecedented COVID-19 pandemic in 2020 profoundly affected the bambara beans industry. Covid-19 has had a considerable impact on the phases of the global bambara beans supply chain that involve bambara beans production, Form ing, distribution, and consumption as a result of lockdowns and restrictions imposed by various governments.

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry in the world, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence and could have an impact on interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the Bambara beans industries as well. The COVID-19 pandemic is upending life, and the beans Form sector is seeing an increase in trends like organic, conventional, and others. The Bambara beans businesses are launching wide varieties such as landraces, African legumes, vigna subterranean, starchy beans, and others. Which are readily available and simple to consume.

Why Purchase the Report?
• To visualize the global bambara beans market segmentation based on nature, form, application, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of sugar market level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Source mapping is available as Excel consists of key sources s of all the major market players.
The Global Bread and Rolls market report would provide approximately 62 tables, 71 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies