Banana Powder Market To Witness Exponential Growth By 2027| Key Players - Aarkay Food Products Ltd, Dr Food and Banatone Industries, Mevive International Food Ingredients, National Food 'n' Spices, Naturalin Bio-Resources Co., Ltd and others

Banana powder is produced from processing raw banana through various processes such as freeze dried, spray dried, and sun dried. Banana powder offers various health benefits, such as it helps to balances blood-sugar levels and weight-loss. These benefits of banana powder are attracting health-conscious consumers towards the banana powder enrich products. Banana powder is used in various applications such as food, cosmetics, pharmaceuticals, and animal feed, among others to enhance the nutrition value of the products.

The banana powder market has witnessed significant growth owing to factors such as an increase in disposable income and expenditure of consumers in developed and developing countries, which results in higher purchasing power. Moreover, rising awareness among the consumer about health benefits associated with the consumption of banana powder enrich products and increasing demand form the cometic industry is boosting the banana powder market over the forecast period. However, fluctuating prices of raw material such as is projected to hamper the market growth over the forecast period.

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Key Players:
1. Aarkay Food Products Ltd
2. Dr Food and Banatone Industries
3. Mevive International Food Ingredients
4. National Food 'n' Spices
5. Naturalin Bio-Resources Co., Ltd
6. PENTA PURE FOODS
7. Saipro Biotech Private Limited.
8. Santosh Food Products
9. Taj Agro International
10. Vinayak Ingredients India Pvt Ltd.

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Market Segmentation:
The global banana powder market is segmented on the basis of process, source, application and distribution channel. On the basis of process, the banana powder market is segmented into freeze dried, spray dried, sun dried, and others. The banana powder market on the basis of the source is classified into organic and conventional. Based on application the market is bifurcated into, food, cosmetics, pharmaceuticals, animal feed and others. Similarly, on the basis of distribution channel the banana powder market is bifurcated into direct sales and indirect sales.

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The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2021–2027? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Banana Powder market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Banana Powder market?
4. What are the prominent market trends influencing the development of the Banana Powder market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Banana Powder market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

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