Press Release

Global Banana Powder Market to Reach USD 1,974.43 Million by 2032.

Global Banana Powder Market

According to a new report by Expert Market Research, the global banana powder market reached a value of USD 1,188.69 million in 2023 and is further expected to reach USD 1,974.43 million by 2032.

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 value of USD 1,188.69 million in 2023 and is further expected to reach USD 1,974.43 million by 2032. 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.

 

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Key findings from the report:

  • The major end-uses of banana powder include in food and beverage, feed and others. In 2020, 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.

 

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

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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