Yam Products Market To Increase at Steady Growth Rate 2018-2028

Posted by vakhas on February 6th, 2019

In the past few years, the landscape of the food industry has changed drastically. Health and wellness have become increasingly important to the consumers. This is driving the food companies in the market to collaborate with various agriculture companies and develop various new edible products that can benefit the consumers. Foods such as yam, strawberries, and others have gained popularity in every food categories including flour, fruit cake and others.

Yam products help in the prevention of diseases such as cancer, infections, immunity and others. The yam products also provide high monetary values since this commodity is expensive when compared to other starchy staples such as maize. . Such factors are driving the growth of yam products in the market. There is a wide variety of products that can be made from yam which includes yam flour, yam sticks, yam cream, yam chips, dietary supplements and others. This diversity of products is available with nutritional benefits are further driving the growth of yam products market.   

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Vendors such as Trelawny in the yam products market are focusing on developing innovative food products of yam by mixing them with other products such as curd, cake and others in order to deliver products that can provide nutritional benefits. Vendors are also focusing on determining techniques or methods that can increase the shelf life of yam products by creating various by-products such as fruit cake, ice cream and others.  Increasing the number of exports and imports of yam to develop new yam products is one of the key trends in the yam products market. 

Yam Products Market: Drivers and Restraints

Yam products are a great source of Vitamin B6, which helps in building blood vessel walls. They are also a source of carbohydrates that provide energy and endurance to the human body. Such factors are driving the consumption of yam products in the market. The yam products help in digestion and improve cognitive ability while delaying aging signs. Such health benefits are further propelling the growth of yam products market.

The yam products have a very small shelf life since the yam only lasts for 5-7 days after reaping it from the farm. Such factors are hampering the adoption of yam products in the market. The yam products are available only in some variations and thus, have a very limited market. Thus, low marketability due to inflexible consumption options is further restraining the adoption of yam products in the market.

Yam Products Market: Segmentation

The yam products market can be categorized on the basis of the types as yam andtypes of yam products. Amongst all types of yam, the yam products are derived from white yam, which is widely used since they are widely grown and highly preferred. The adoption of yam products derived from yellow yam is expected to increase since they have longer vegetation period and smaller dormancy when compared to white yam. On the basis of types of yam products, the yam flour and yam chips are mostly consumer yam products in the market.