The global banana powder market reached a value of nearly USD 1550.06 Million in 2025. The market is assessed to grow at a CAGR of 7.10% during the forecast period of 2026-2035 to attain a value of around USD 3077.82 Million by 2035. The market growth can be attributed to the growing production of bananas, the rising demand for banana powder in the food industry, the increasing consumer focus on health-enhancing food, the robust growth of the cosmetics sector, technological advancements and innovations, and the surging focus on sustainability.
Base Year
Historical Period
Forecast Period
Worldwide production of bananas is estimated at 86 million tonnes, with India leading with banana production with an annual output of nearly 14.2 million tonnes. This steady supply of bananas ensures sufficient raw material availability, which is crucial for consistent price stability and production of banana powder. Moreover, the large volume of banana production is prompting manufacturers to explore various value-added products made from bananas, such as banana chips, banana powder, and banana flour.
The excellent nutritional profile of banana powder promotes it as a functional food ideal for inclusion in meal replacements, energy bars, smoothies, and dietary supplements. 100 grams of banana powder contains 346 calories, 1.8 g of fat, 88 g of carbohydrate, and 3.9 g of protein. This low-fat, natural, and nutritious profile makes banana powder an ideal ingredient for baby food products, convenience foods, and dietary supplements like post-workout recovery drinks, protein shakes, and meal replacement powders.
Countries like India, the Philippines, and Ecuador are some prominent exporters of raw banana powder. A consistent and abundant supply of bananas from these countries supports manufacturers to produce banana powder at competitive prices. In addition, the Philippines, India, and Ecuador are capitalising as major exporters in the banana powder market, tapping into the growing demand for functional and health-conscious foods.
Compound Annual Growth Rate
7.1%
Value in USD Million
2026-2035
*this image is indicative*
The banana powder market is being driven by the growing product demand in the food industry. Banana powder is largely used in confectionery applications for the production of cakes, breads, pastries, and ice cream preparations, among others. In addition, banana powder also finds usage in infant food products, as it is easy to digest and is rich in potassium and other nutrients. Meanwhile, the demand for banana powder is also growing in animal feed preparations with the expanding livestock population worldwide.
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The market is being aided by the rising consumer focus on health-enhancing food to improve digestion, immunity, and overall physical health. Banana powder is a rich source of carbohydrates, antioxidants, and essential vitamins. Another major factor supporting the market growth is the improved shelf-life of banana powder and reduced post-harvest losses of bananas.
The increased utilisation of banana powder to prepare cosmetic products is anticipated to propel the banana powder market expansion in the forecast period. For instance, major cosmetics manufacturers such as Maybelline have launched banana-based setting powders, which help set the make-up effectively and also provide a matte finish. Furthermore, the growing research activities in analysing the use of banana powder in the pharmaceutical sector are expected to create lucrative growth opportunities for the market in the forecast period.
Health benefits of banana powder; rising use of banana powder in the food and beverage sector; growing focus on sustainability; and technological advancements are driving the banana powder market expansion.
Consumers are increasingly seeking organic and natural banana powder amid growing concerns regarding the use of preservatives and synthetic additives in foods.
Banana powder is rich in potassium, dietary fibre, and minerals. The rising consumer awareness regarding the nutritional advantages of banana powder and the growing trend of health and wellness are prompting customers to incorporate it into their diets.
Banana powder serves as a natural and gluten-free solution to enhance the nutrition and flavour of foods and beverages, including confectioneries, beverages, infant foods, and bakery items. The rising use of banana powder as a flavouring, colouring agent, and natural sweetener in food and beverage applications is further aiding the market.
The rising focus on sustainability is bolstering the popularity of banana powder as an eco-friendly product. The production of banana powder supports zero-waste initiatives as the fruit can be processed into a shelf-stable product that lowers food waste in regions with high banana production.
Advancements in hot drying technologies, involving the utilisation of controlled temperatures and airflow to produce high-quality banana powder with minimal nutrient loss, are driving the market. Manufacturers are also using spray drying to preserve the colour, nutritional content, and texture of banana powders. Moreover, there is a rising use of high-pressure processing (HPP) technology to preserve the texture, flavour, and nutritional content of bananas without the need for heat.
With the rising emphasis on sustainability, manufacturers are increasingly sourcing bananas from sustainable farms that prioritise eco-friendly farming practices, including conservation of water, reduction of pesticide use, and protection of biodiversity. Banana powder producers are also adopting renewable energy sources such as wind energy, solar power, or biomass energy into their production facilities to reduce the reliance on fossil fuels.
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The EMR’s report titled “Global Banana Powder Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Process Type
Market Breakup by Sales Channel
Market Breakup by End Use
Market Breakup by Region
As per the banana powder market analysis, direct sales eliminate the reliance on third-party retailers and distributors, enabling manufacturers to capture a large share of the profit. This method offers valuable data and insights on customer preferences to brands, helping them improve their product offerings and fostering deeper connections with customers. Meanwhile, indirect sales enable manufacturers to leverage the extensive networks and reach of established distributors, online marketers, and retailers, reaching a larger consumer base.
Key banana powder market players are developing innovative products, such as flavoured banana powders and organic banana powders, that combine bananas with healthy ingredients such as probiotics and superfoods. They are also investing in research activities to improve the processing of banana powder and developing functional banana powder with additional health benefits such as weight management and digestive support.
With its headquarters in Germany, Symrise creates, manufactures, and markets food, fragrance, and flavoring ingredients as well as raw materials and active chemicals for cosmetics and functional compounds and solutions that improve the nutritional value and sensory qualities of a variety of products. Symrise is one of the leading suppliers in the F&F sector globally, holding a 12 percent market share as of 2024.
A Mumbai-based food processing firm focused on exports, Taj Agro produces and sells a wide range of protein powders, egg powders, bulk frozen foods, and IQF fruits and vegetables in accordance with customer specifications.
Founded in 2009 and headquartered in Tamil Nadu, India, Mevive International is a prominent Indian Spices & Seasoning Export House. The business is a full-service exporter that is expanding in the food sector. It offers value-added services and has a global presence in more than 25 countries. It is also accredited for organic trade.
The Indian company Vinayak Ingredients (INDIA) Pvt. Ltd. was founded in 1977 and produces specialty food and feed additives. They produce environmentally safe and sustainable products from natural sources, including natural colors, spray-dried fruit and vegetable powders, and natural extracts. Additionally, the company offers water-soluble and oil-soluble pigments in liquid and powder form, making them appropriate for practically all food and cosmetic applications.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the market are Saipro and Hearthy Foods, among others.
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In 2025, the market reached an approximate value of USD 1550.06 Million.
The market is assessed to grow at a CAGR of 7.10% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 3077.82 Million by 2035.
The key drivers of the market include rising disposable incomes, increasing population, increasing adoption of the product due to its longer shelf life and ease of use, and rising consumption of processed foods.
The incorporation of banana power in various cosmetics items and the growing shift towards organic products are the major trends that are expected to influence the market growth positively.
Asia Pacific is the leading region in the global market. North America, Latin America, the Middle East and Africa, and Europe are the other major regions in the market.
The leading sources of the product in the market are organic and conventional sources.
The significant process types through which banana powder is produced include freeze and spray dried processes.
Direct and indirect sales are the most significant sales channels in the market.
Food sector accounts for the largest share of the market, in terms of end-uses.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Process Type |
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| Breakup by Sales Channel |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Competitive Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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