Market Size of Yams Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.50 % |
| Fastest Growing Market | South America |
| Largest Market | Africa |
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Yams Market Analysis
The Yams market is projected to register a CAGR of 3.5% over the forecast period.
- Yams are starchy staples in the form of large tubers produced by annual and perennial vines grown in Africa, the United States, the Caribbean, South Pacific, and Asia. White Guinea yam, D. rotundata, is the most critical species in western and Central Africa. Water yam, D. alata, the second most cultivated species, originated from Asia and is the most widely distributed species in the world. Consumers' demand for yam is generally very high globally, and yam cultivation is profitable despite high production costs. Yam processors are reluctant to invest in new processing capacity without a steady supply of high-quality tubers.
- The increasing awareness among consumers of yams' health benefits increases global demand. Yams are nutrient-rich and contain vitamin C, magnesium, potassium, manganese, copper, and fiber. Yams also help in improving brain functions and relieving arthritis symptoms. They contain a unique compound called diosgenin, which promotes neuron growth, enhances brain function, and inhibits the progression of both osteoporosis arthritis and rheumatoid arthritis. Yams also help to maintain cholesterol levels.
- Yam tubers comprise about 21% dietary fiber and are rich in carbohydrates, vitamin C, and essential minerals. Worldwide annual consumption of yams is 18 million tons, with 15 million in West Africa in 2021. Annual consumption in West Africa is 61 kilograms per capita in the year 2021. Yams are boiled, roasted, baked, or fried. In Africa, they are also mashed into a sticky paste or dough after boiling.
