Global Bambara beans demand is expected to be valued at USD 134 Million in 2022, rising at a CAGR of 7.2% to USD 267.6 Million from 2022 to 2032. The market was valued at USD 127 Million in 2021, and is expected to register a Y-o-Y growth rate worth 5.5% to reach USD 134 Million.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 127 Million |
| Expected Market Value (2022) | USD 134 Million |
| Anticipated Forecast Value (2032) | USD 267.6 Million |
| Projected Growth Rate (2022 to 2032) | 7.2% CAGR |
Contrary to popular belief, Bambara Beans are not a neglected or underutilized species, but rather one of the world's top harvests. Bambara Bean is a low-cost, reliable farm resource that thrives in harsh environments where other crops fail.
Bambara Bean is a complete food with an average of 19% protein and 6.5 percent fat, making it an important source of dietary protein. Where it is grown, Bambara Bean is highly tolerant of poor soil quality and drought.
Bambara is particularly well-suited to low-input agricultural production systems in Sub-Saharan Africa's drought-prone regions. Bambara Bean leaves are high in potassium and thus an excellent source of animal feed. Because the beans are difficult to harvest mechanically, large-scale commercial farmers avoid growing them, making them an ideal crop for small-scale farmers.
Because of their high protein content and ability to improve digestion, Bambara Beans are widely used in food and beverages. Bambara bean seed is known to improve soil because it can fix nitrogen. Bambara bean nuts are also eaten as a snack, either salted or roasted.
According to a study conducted by Future Market Insights, consumer demand for Bambara Bean is expected to skyrocket due to its increasing applications in healthy foods and snacks.
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Subsistence farming is an essential component of long-term food security in several Sub-Saharan African nations. Environmental changes and fluctuating rainfall patterns have a significant impact on the growth of the African agriculture sector. However, a significant increase in the number of droughts and high weather uncertainty have harmed the agricultural sector's overall productivity in recent years.
As a result, agricultural organizations and policymakers are now focusing on maximizing the potential of underutilized crops such as Bambara beans for nutrition and food security, income generation in rural areas, and addressing economic and agronomic challenges.
Furthermore, research and development activities emphasize the promotion and cultivation of indigenous and drought-tolerant legumes, such as Bambara beans - a factor that is expected to boost the Bambara beans market during the assessment period. Farmers in Africa are focusing on Bambara bean utilization, conservation, and marketing to gain a competitive advantage in the current market landscape.
Many companies are still affected by supply chain disruption, manufacturing issues, and demand issues in the Bambara bean market. However, the emergence of new export destinations is expected to help the Bambara bean industry overcome supply disruptions.
Principal Consultant
Due to the higher per capita consumption of grains and pulses in the region, the Asia Pacific region is expected to remain the most profitable region compared to other regions during the forecast period. as the middle-class population grows and prefers Western diets to demonstrate their improving economic status Furthermore, the elderly population and obesity incidences in these regions are increasing at an alarming rate, particularly in countries such as India and China.
Over the forecast period, the Middle East and Africa region are expected to experience significant growth in the Bambara bean market value and worth. Farmers in several African countries are increasingly focusing on Bambara bean applications, storage, and marketing to gain a competitive advantage in the current market scenario.
Farmers in several African countries are increasingly focusing on Bambara bean applications, storage, and marketing to gain a competitive advantage in the current market scenario. Because Bambara Beans are primarily grown in African countries, the potential for growth in these countries is higher than in other regions.
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Some of the key players operating in the Bambara beans market, as profiled in the study, are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.2% from 2022 to 2032 |
| Market Value in 2022 | USD 134 Million |
| Market Value in 2032 | USD 267.6 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Nature, Application, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, BENELUX, Australia & New Zealand, China, Japan, South Korea, India, ASEAN, GCC, Turkey, South Africa |
| Key Companies Profiled | Believe in Bambara; BUSH’S; Earth Expo Company; Henan Changling Food Co. Ltd.; African Flavour’s; Elite Trading Company |
| Customization | Available Upon Request |
FMI projects the global Bambara Beans market to expand at a 6% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic Bambara Beans market, expanding at a 5% CAGR
Believe in Bambara, BUSH’S, Earth Expo Company, Henan Changling Food Co. Ltd., African Flavour’s and Elite Trading Company are some key Bambara beans manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 5.1. Organic 5.2. Synthetic 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Cooking Ingredient 6.2. Snack Foods 6.3. Dietary Supplements 6.4. Animal Feed 6.5. Flour 6.6. Dairy Alternative 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 7.1. Direct Sales 7.2. Indirect Sales 7.3. Hypermarkets/Supermarkets 7.4. Online Stores 7.5. Specialty Stores 7.6. Other Retailers 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia & Pacific 8.6. MEA 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Believe in Bambara 17.2. BUSH’S 17.3. EARTH EXPO COMPANY 17.4. Henan Changling Food Co. Ltd. 17.5. African Flavour’s 17.6. Elite Trading Company 18. Assumptions & Acronyms Used 19. Research Methodology
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Bambara Beans Market
