What is Banana Powder Market?
Banana considered as one of the world’s most significant fresh fruit commodity and highly consumed fruit across the globe. There are various process to make powder from banana such as freeze dried, spray dried, sun-dry, tray dried, drum, and vacuum. Increasing bakery products such as cakes, pastry, shakes, and others are fueling the growth of the market. Additionally, rising demand from the pharmaceutical sector as banana helps in reducing the risk of asthma, lowering blood pressure, cancer protection and others have been supplementing the overall growth of the market. However, banana powder comes with extra calories that lead to unwanted weight gain and continuous fluctuation in raw material costs are reasons responsible for limiting the growth of the market. Moreover, increasing the production of green bananas and the rising demand for natural ingredients in baby food can be considered an opportunity for the market.
Highlights from Banana Powder Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Mevive International Food Ingredients (India), Safety Foods Pvt Ltd (India), Taj Agro International (India), Vinayak Ingredients (India), Shree Biotech (India), Naturalin Bio-Resources Co. Ltd (China), Santosh Food Products (India), Chiquita Brands International, Inc (United States), Guangxi ENDU High-Tech (China), Perennial Lifesciences Private Limited and Qingdao Xinmeixiang Foods (China) |
Banana Powder is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Asian and United States Vendors will contribute to the maximum growth of Global Banana Powder market throughout the forecasted period.
Mevive International Food Ingredients (India), Safety Foods Pvt Ltd (India), Taj Agro International (India), Vinayak Ingredients (India), Shree Biotech (India), Naturalin Bio-Resources Co. Ltd (China), Santosh Food Products (India), Chiquita Brands International, Inc (United States), Guangxi ENDU High-Tech (China), Perennial Lifesciences Private Limited and Qingdao Xinmeixiang Foods (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Shaanxi Jintai Biological Engineering (China) and Shine-Ball (United States). Banana Powder Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food and Beverage (Infant Food, Bakery Products, Seasonings, Puffed Food), Cosmetics, Pharmaceuticals, Animal Feed and Others |
Moisture Level | Less than or Equal to 6%,Less than or Equal to 8% |
Sales Channel | Direct Sales,Indirect Sales (Convenience store, Specialty store, E-retailer |
Process Type | Freeze Dried,Spray Dried,Sun-dry,Others (Tray dried, drum, vacuum) |
On the basis of geography, the market of Banana Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Banana Food Products as Banana Helps in Reducing the Risk of Asthma, Lowering Blood Pressure, Cancer Protection, and others
Market Growth Drivers:
Increasing Demand for Banana Flavor from Food Industry, Rising Demand for a gluten-free product due to Health Awareness, Increasing Production of Bakery Products and Increasing Demand for Natural Anti-Diarrheal from Health Care Sector
Challenges:
Continuously Fluctuation in Raw Material Costs
Restraints:
Banana Powder Comes with Extra Calories that Lead to Unwanted Weight Gain
Opportunities:
Increasing Production of Green Bananas and Rising Demand for Natural Ingredients in Baby Food
In 2018, Dermablend Pro had launched Illuminating Banana Powder to offer a warm luminous finish and the powder is suitable for all skin tones for time duration 16-hour. The power is transfer resistant as well as a smudge. These all features make the power different from other product and it is available at a cheaper price. The new launch can create a big opportunity for the company.