Banana powder is manufactured from fully ripened banana fruits either through drum drying or spray drying process. Processing of bananas into banana powder increases their shelf life to more than 6months,gives the ease of transportation and provides proper utilization of bananas. According to Expert Market Research, the global banana powder market has grown at a CAGR of around 5% during 2014-2018 . The market is currently being driven by a growing demand of banana powder in the food industry as it is largely used in the confectionary sector (cakes, breads, pastries etc.), ice cream preparations and infant food products. The demand of banana powder is also growing in animal feed preparations, various cosmetics and pharmaceutical products. This report by Expert Market Research, entitled “Banana Powder Market Report and Forecast 2019-2024”, provides a comprehensive analysis for anyone who plans to foray into the banana powder market.
Historical market trends for the banana powder industry have been provided from 2014-2018 and forecasts till 2024. On a regional level, the report has segmented the global banana market into the following regions – Asia-Pacific, South America, Central America, Africa and others. Currently, Asia-Pacific represents the largest market. Within Asia Pacific - India and China currently represent the biggest markets. Additionally, the report has analysed the global banana powder market on the basis of its end-use. Food and beverage industry currently represents the biggest end use market followed by the feed industry.
The value chain analysis of banana powder has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the banana powder market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the banana powder industry has also been provided. Some of the key players in this market include: Chiquita, Del Monte, Dole, Fyffes and Noboa.
This report provides an exhaustive insight for setting-up and running a banana powder manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global banana powder market?
- Which are the biggest markets (regions) for banana powder?
- What are the key application areas for banana powder?
- Who are the key manufacturers in the banana powder market?
- What are the land and construction requirements to start a banana powder manufacturing plant?
- What are the machinery requirements to start a banana powder manufacturing plant?
- How is banana powder priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a banana powder manufacturing plant?
- What are the running costs of a banana powder manufacturing plant?
- How much revenue can a banana powder manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephone interviews with numerous industry participants in the banana powder industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.