Banana Powder Market size, share, price, trends, growth, analysis, key players, outlook, report, forecast 2021-2026

Banana Powder Market

Global banana powder market is driven by increasing food industry demand in 2021-2026 forecast period

30 NORTH GOULD STREET, WYOMING, UNITED STATES, Aug. 25, 2022 / — Expert Market Research’s new report titled “Global Banana Powder Market Size Report and Forecast 2021-2026,” provides an in-depth analysis of the global Banana Powder market, where the market is assessed based on its segments such as source type, process type, sales channel, end use, and major regions.

The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, including key demand and price indicators, and analyzes the market based on the SWOT and Porter’s Five Forces models.

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The main highlights of the report are:

Market overview (2016-2026):

Historical market size (2020): USD 1003.72 million
Forecast CAGR (2016-2026): 5.8%
Forecasted market size (2026): USD 1330.58 million

To encourage a healthy lifestyle, consumers have turned to more natural food ingredients. Increased research and development activities by food technologists and companies, as well as ongoing new product developments and improved distribution channels, are all factors driving demand for banana powder.

The product is high in antioxidants, vitamin C and magnesium and is a good source of calories and carbohydrates. It helps prevent dehydration and aging, as well as improve food absorption and cure indigestion (dyspepsia). Due to its potassium content, it protects against blood pressure changes. Magnesium aids in muscle relaxation, which aids in the treatment of depression. Other benefits of eating bananas include bone strengthening, improved digestion and improved vision.

Industry Definition and Key Segments

Banana powder is a gluten-free powder made from processed bananas that is cheaper than wheat powder and is used in baby food and milkshakes. Banana powder is used to produce a variety of cookies and pastries. These are mostly used in the cosmetics industry as they absorb excess oil and thereby reduce fine wrinkles. It’s incredibly easy to use.

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Based on the source type, the market is divided into:


Based on process type, the industry is segmented into:


The product sales channel includes:

Direct sale
Indirect sales

On the basis of end-use, the market is divided into:

food industry
Animal feed industry

Based on region, the market is segmented into:

North America
Latin America
Middle East and Africa

Market trends

The global food and beverage industry is expanding rapidly and people are becoming more aware of the benefits of bananas. These are two major drivers driving the global banana powder market. The increasing cultivation of bananas in many developed and emerging countries is expected to boost the sales growth of the global market.

Bananas are high in potassium, vitamin B6, proteins and carbohydrates, making them suitable for daily consumption and for various applications, such as cosmetics, drinks and infant nutrition. Another important aspect that is expected to drive the expansion of the target market is this. Increased organic banana cultivation, combined with an increased demand for organic banana powder, is driving market expansion.

However, some people may experience allergic reactions as a result of eating bananas, and this, combined with product recalls, could limit the growth of the global banana powder market over the next decade. In the target market, the banana powder market in Asia-Pacific is expected to take a larger share. The huge production and consumption of banana fruit by individuals in countries like India, Australia and China is mainly responsible for this.

According to data from the FAO (Food and Agriculture Organization of the United Nations), India is the largest banana producer, followed by China. In the coming years, the banana powder market in Europe is expected to account for an important part of total consumption. This may be due to the increased demand for banana powder in baked goods, as well as increased consumption of bakery products.

Main market players

Major players in the market are Chiquit, Del Monte Fresh, Dole Food Company, Inc., Fyffes, Banana Link, BANATONE FOOD INDUSTRIES, Mevive International Food Ingredients, Santosh Food Products, Naturalin Bio-Resources Co. Ltd, Vinayak Ingredients India Pvt. Ltd, Aarkay Food Products Ltd, National Food ‘n’ Spices, Saipro Biotech Private Limited, among others. The report covers the market shares, capabilities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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