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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 value of USD 1003.72 million in 2020 and is further expected to reach USD 1330.58 million by 2026. 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
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