Global banana powder market is anticipated to show a growth in the forecast period, 2023-2027 with an impressive CAGR. The market growth can be attributed to the rising demand from the consumers for natural food ingredients. Rapidly growing food and beverage industry is surging the demands for banana powder and thereby driving the growth of the global banana market in the upcoming five years. Health conscious consumers are also supporting the growth of the market, along with the growing awareness about the health benefits of banana and thus using banana powder.
Rising cultivation of banana in the developed and developing countries is further supporting the growth of the global banana powder market in the next five years. Banana is a good source for potassium, vitamin B6, proteins, and carbohydrates, it is also actively utilized to replenish the deteriorating health and gain weight, thus it is a suitable for daily diet. These advantageous factors are aiding the growth of the global banana powder market in the forecast years.
Furthermore, use of banana powder in the cosmetic products, beverages, baby foods, health drinks, protein shakes etc. is further substantiating the growth of the global banana powder market in the forecast period, until 2027. However, complaints of allergic reactions due to consumption of banana may hinder with growth of the market and providing proper disclaimers and ingredient information may aid the market players in a consistent growth of their products.
Banana powder is majorly made of banana fruit that can be grown organically or conventional method of preparation can be implemented. Bananas are high in protein, vitamin, and vitamins and these nutrients help with digestion, heart health, and weight loss. Banana powders are a natural food ingredient that is utilized in milk shakes, baby foods, cakes, cookies, etc. Cosmetic industry, beverage industry, health-food industry actively utilizes the banana powder for their end products. Use of banana powder aids in bone strength, digestion, nutrient absorption, and vision, as well as preventing dehydration, regulating blood pressure, and relaxing muscles.
The global banana powder market segmentation is based on source, process, application, sales channel, competitional landscape, and regional distribution. Based on source the market is further divided between organic and conventional sources. Organic sources of the banana powder are anticipated to register fastest growing CAGR growth in the upcoming five years on the account of increased farming of the organic banana.
Rapidly increasing number of health conscious consumers is further aiding the growth of the sudden surging demand and growth of global banana powder market. Conventional sources are expected to hold the largest revenue shares of the market and dominate the market segment on the account of surging demand for the banana powder. The conventional methods make sure the appropriate amount of the respective nutrient is present in the ingredient and the factor is aiding the growth of the market.
Holding the major shares of the global banana powder market are YANA Foods, Banatone Food Industries, Mevive International Food Ingredients, Vinayak Ingredients India Pvt. Ltd, Aarkay Food Products Ltd, National Food ‘n’ Spices, Saipro Biotech Private Limited, Grupo Noboa S.A., Varmora Foods Private Limited, Kanegrade Ltd Ingredients House, Tianjin Tangchao Foods Industry Co., Ltd., Taj Agro International, Kalplaxmi Agro Processors And Traders, Little Moppet Foods Pvt Ltd, Hainan Nicepal Industry Co. Ltd., among others.
Market players are actively involved in the research and technological development in the product developments. The advanced technology has made it possible for the industry to provide excellent services through banana powder. Further advancement would aid the market value and brand establishment in the future five years.
Objective of the Study
- To analyze the historical growth of the market size of global banana powder market from 2017 to 2021.
- To estimate and forecast the market size of global banana powder market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global banana powder market based on source, process, application, sales channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global banana powder market.
- To identify drivers and challenges for global banana powder market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global banana powder market.
- To identify and analyze the profile of leading players operating in global banana powder market.
- To identify key sustainable strategies adopted by market players in global banana powder market.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the manufactures and service providers which could not be identified due to the limitations of secondary research. marketinsights Research analyzed the manufactures, distribution channels and presence of all major players across the country.
marketinsights Research calculated the market size of global banana powder market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. marketinsights Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by marketinsights Research.
Key Target Audience
- Manufacturers, service providers, end users, and other stakeholders
- Distributors and suppliers of products & services and other stakeholders
- Organizations, forums, and alliances related to banana powder
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, service providers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Source· Process· Application· Sales Channel |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; |
| Key Companies Profiled | YANA Foods, Banatone Food Industries, Mevive International Food Ingredients, Vinayak Ingredients India Pvt. Ltd, Aarkay Food Products Ltd, National Food ‘n’ Spices, Saipro Biotech Private Limited, Grupo Noboa S.A., Varmora Foods Private Limited, Kanegrade Ltd Ingredients House, Tianjin Tangchao Foods Industry Co., Ltd., Taj Agro International, Kalplaxmi Agro Processors And Traders, Little Moppet Foods Pvt Ltd, Hainan Nicepal Industry Co. Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, global banana powder market has been segmented into following categories, in addition to the industry trends which have also been detailed below
- Global Banana Powder Market, By Source
- Global Banana Powder Market, By Process
- Freeze Dried
- Spray Dried
- Sun Dried
- Drum Dried
- Others
- Global Banana Powder Market, By Application
- Beverages
- Feed Industry
- Pet Food
- Cosmetics
- Household
- Food Industry
- Global Banana Powder Market, By Sales Channel
- Direct Sales
- Indirect Sales
- Global Banana Powder Market, By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
