Posted on 18 May 2017
Banana powder is prepared by processing nutrient-rich bananas which are dipped into the warm water and are further peeled, sliced, blanched, mashed, diluted and filtered. The filtered banana juice is then spray dried to obtain the banana powder. The process increases its shelf life, thereby, providing the ease of storage and transportation.
Banana powder is a rich source of minerals, proteins, potassium, antioxidants and dietary fibre. It offers various health benefits such as it maintains heart and eye health, builds strong bones, overcomes depression, prevents kidney cancer, controls blood sugar, treats various intestinal disorders as well as aids digestion. Owing to the aforementioned characteristics of banana powder, it currently finds wide applications across various industries.
According to a new report by Expert Market Research, the global banana powder market reached a volume of 229 Thousand Tons in 2016 and is further expected to reach 307 Thousand Tons by 2022. Over the past several years, there has been an augmented demand for banana powder in the food and beverage industry where it is widely used in a number of food products and drinks. In addition, changing food preferences coupled with lifestyle changes have also led to its increasing demand across the world. Some of the other factors that have further added to the market growth include population growth, increasing disposable incomes and a strong demand from emerging markets.
Key findings from the report:
Expert Market Research has analysed the global banana powder market according to end-use and top players:
Market breakup by End-use
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
According to Expert Market Research, the global banana powder market has grown at a CAGR of around 5% during 2014-2018.
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