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Global Banana Powder Market to Reach 333 Thousand Tons by 2024

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"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 255 Thousand Tons in 2018 and is further expected to reach 333 Thousand Tons by 2024. 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:

  • The major end-uses of banana powder include in food and beverage, feed and others. In 2018, food and beverage represented the largest end-use segment where banana powder is widely used puffed food, infant food, seasoning, instant food, shakes, ice-cream, cakes, cold food, etc. Food and beverage was followed by feed where its consumption is growing in cattle feed and pet food.
  • Being fragmented in nature, the global banana powder market is surrounded by a number of players. Some of these players include Chiquita, Del Monte, Dole, Fyffes, Noboa.

Global Banana Powder Market

Expert Market Research has analysed the global banana powder market according to end-use and top players:

Market breakup by End-use

  • Food and Beverage
  • Feed
  • Others

Top players

  • Chiquita
  • Del Monte
  • Dole
  • Fyffes
  • Noboa

 

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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.

 

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"Banana Powder Market: By Region: Asia Pacific, South America, Central America, Africa; By End-Use: Food and Beverage Industry; Feed Industry; SWOT Analysis; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); Competitive Landscape; Setting Up a Banana Powder Manufacturing Plant; Capital Investments; Operating Expenditures; Project Economics"

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