Bambara Beans Market Size, Share, Industry, Forecast and outlook (2024-2031)

Bambara Beans Market is segmented By Nature (Organic, Conventional), By Form (Flour, Split, Whole), By Application (Dairy Alternatives, Animal Feed, Dietary Supplements, Others) and By Region(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Bambara Beans Market reached USD 139.8 million in 2022 and is expected to reach USD 231.3 million by 2030 growing with a CAGR of 6.5% during the forecast period 2024-2031. The primary driver for the expansion of the bambara beans market is the increasing demand for landraces, vigna subterranean, African legumes, gluten-free, starchy beans, and others.

Consumers are more attracted to bambara beans as their nutritional composition of the protein content of 19% and fat content of about 6.5%, are a vital source of dietary protein. Bambara beans have a higher potential for drought tolerance compared to other beans. So that it can be grown in any region. Bambara beans are a good source of dietary fibers so it is widely used in the food and beverage industry. They are available in different forms such as flour, split, whole, and others. 

The growing popularity of vegan trends, plant-based products, and nutritious foods among consumers is fueling the global bambara beans market growth. The bambara beans market offers clients a wider range of varieties such as landraces, African legumes, and others. which is also healthful. Bambara leaves are also rich sources of potassium which is excellent for animal feeds. Bambara beans are also known to improve soil fertility as they can fix nitrogen. These factors help in driving the global edible oil market size.

Market Summary

For more details on this report - Request for Sample

Market Dynamics

Rising Demand for Healthy Products is Estimated to Drive the Bambara Beans Market Growth.

Bambara beans are essential sources of digestive fiber, protein, and minerals. Bambara beans contain iron which boosts the body’s blood level and contain calcium which prevents bone disorders. It helps in improving the immune system and prevents malnutrition in children. Bambara beans contain an antioxidant that helps in preventing cancer. These factors help in driving the growth of the global bambara beans market. 

Globally, consumers are growing more knowledgeable about health and well-being. Bambara beans is a starchy beans and gluten-free which are primary factors that help in growing the market for bambara beans products. Major rivals are working assiduously to meet this demand by expanding their product offerings and keeping consumers' health in mind, which is driving the bambara beans market growth. 

High Adoption of Bambara Beans in Rural Households throughout Sub-Saharan for Nutritional Food Drives the Market.

Subsistence farming is crucial in Sub-Saharan countries like Africa. Environmental patterns and fluctuating rainfall plays influences the growth of the bambara beans market. Bambara beans is adapted to dry conditions and can grow in areas with limited water availability. Bambara beans are rich sources of essential nutrients for niche value. These factors can help in rising the usage of bambara beans.

The continued popularity of bambara beans like landraces, vigna subterranean, and African legumes as household staple food. To support the local small-scale farmer’s agricultural research institutes, non-government organizations are promoting various training programs. The producers of bambara beans are utilizing consumers' approval of local farmers to develop value-added items that will diversify their product lines. 

Limited Supply Chain and Less Shelf Life Impede the Market Growth.

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.

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. These factors can decline in market growth.

Market 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. The growth is driven by the organic bambara beans don’t contain any pesticides or fertilizers. Customers enjoy this since they don’t cause any side effects, or allergies after consuming them.

Other significant factors influencing the growth such as organic bambara beans are healthier alternatives for conventional beans. They are highly nutritious, rich in protein, dietary fiber, and essential minerals, making them a valuable food source. Manufacturers of bambara beans buy products from nearby farmers, which helps in increasing the local economy as well as helps in boosting the global bambara beans market. 

Market Geographical Share

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 rise in urbanization, the increase in the vegan population, and awareness about the health benefits caused by bambara beans are driving the market in this region.

Growing consumer awareness about bambara beans and a rise in demand for plant-based products is also anticipated to support market expansion. For instance, In March 2023, WhatIF Foods a California-based company launches better plant milk which is beyond the milk. The main motto is to go beyond and be better. These launches are anticipated to increase the global bambara beans market in that region.

Major Key Players

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.

COVID-19 Impact on Market

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, processing, 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 processing 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.

By Nature 

• Organic
• Conventional

By Form 

• Flour
• Split
• Whole

By Application 

• Dairy Alternatives
• Animal Feed
• Dietary Supplements
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In 2021, the Bambara Nut Company announced a partnership with Flora EcoPower to expand its production and distribution capabilities. The partnership is aimed at increasing the availability of Bambara beans in the market and promoting sustainable farming practices.
• In 2020, Keystone Seed Ltd. announced the development of a new hybrid variety of Bambara beans that is resistant to pests and diseases. The hybrid variety is expected to increase crop yields and reduce production costs for farmers.
• 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.

Why Purchase the Report?

• To visualize the global bambara beans market segmentation based on nature, form, application, and region, as well as 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 bambara beans 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.
• Product mapping is available as Excel consists of key products of all the major market players.

The global bambara beans market report would provide approximately 62 tables, 71 figures, and 190 Pages.

Target Audience 2024

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