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Global Banana Powder Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

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Global Banana Powder Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026

October 28
16:04 2022
Global Banana Powder Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026
Global Banana Powder Market Report and Forecast 2021-2026
Global Banana Powder Market To Be Driven By The Increasing Demand From The Food Industry In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Banana Powder Market Size, Share, Trend, Growth, Analysis Report and Forecast 2021-2026’, gives an in-depth analysis of the global banana powder market, assessing the market based on its segments like source type, process type, sales channel, end-use, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026):

  • Historical Market Size (2020): USD 1003.72 Million
  • Forecast CAGR (2016-2026): 5.8%
  • Forecast Market Size (2026): USD 1330.58 Million

To encourage a healthy lifestyle, consumers have started seeking more natural food ingredients. Increased research and development operations by food technologists and enterprises, as well as ongoing new product developments and enhanced distribution channels, are all factors driving up demand for banana powder. The product is high in antioxidants, vitamin C, and magnesium and is a good source of calories and carbohydrates.

It helps to prevent dehydration and ageing, as well as improving nutrition absorption and curing indigestion (dyspepsia). Because of the potassium content, it protects against blood pressure changes. Magnesium aids in muscle relaxation, which aids in the treatment of depression. Other advantages of banana eating include bone-strengthening, improved digestion, and improved vision, among others.

Industry Definition and Major Segments

Banana powder is a gluten-free powder made from processed bananas that is less expensive than wheat powder and is used in baby food and milkshakes. Banana powder is used to produce a variety of biscuits and pastries. These are mostly utilized in the cosmetics industry because they absorb excess oil and thereby reduce fine wrinkles. It is incredibly simple to use.

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Based on source type, the market is divided into:

  • Organic
  • Conventional

On the basis of process type, the industry is segmented into:

  • Freeze dried
  • Spray dried
  • Others

The sales channel of the product include:

  • Direct sales
  • Indirect sales

Based on end-use, the market is divided into:

  • Food industry
  • Feed industry
  • Others

Based on region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The global food and beverage sector is rapidly expanding, and people are becoming more aware of the benefits of bananas. These are two main drivers propelling the global banana powder market forward. The increasing cultivation of bananas in numerous developed and emerging nations is predicted to help the global market’s revenue growth. Bananas are high in potassium, vitamin B6, proteins, and carbohydrates, making them appropriate for everyday consumption as well as various uses such as cosmetics, beverages, and infant food.

Another important aspect that is expected to fuel target market expansion is this. Increased organic banana farming, combined with increased demand for organic banana powder, is driving market expansion. However, some people may experience allergic responses as a result of eating bananas, and this, combined with product recalls, could limit the worldwide banana powder market’s growth over the next ten years. In the target market, the banana powder market in the Asia Pacific is expected to account for a bigger share.

The huge production and consumption of banana fruit by individuals in nations such as India, Australia, and China is chiefly responsible for this. According to FAO (Food and Agriculture Organization of the United Nations) records, India is the largest banana producer, followed by China. In the coming years, the banana powder market in Europe is expected to account for a significant portion of total consumption. This could be owing to increased demand for banana powder in baked goods, as well as increased consumption of bakery products.

Key Market Players

The major players in the market are Chiquit, Del Monte Fresh, Dole Food Company, Inc., Fyffes, Banana Link, BANATONE FOOD INDUSTRIES, Mevive International Food Ingredients, Santosh Food Products, Naturalin Bio-Resources Co. Ltd, Vinayak Ingredients India Pvt. Ltd, Aarkay Food Products Ltd, National Food ‘n’ Spices, Saipro Biotech Private Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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