Press release
Global Banana Powder Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: Mevive International and PentaPure Foods Pvt Ltd are key players.
Global Banana Powder Market is expected to grow at a CAGR of 7.05% to reach a market size worth US$1,574.852 million by 2027.One of the primary factors contributing to the growth of the market for banana powder is the growing demand for banana-flavored food products from consumers. In addition, various health benefits associated with the consumption of bananas also support the demand for banana powder during the forecast period. Moreover, rising disposable income, rapid urbanization, and growing demand for modern architecture and continuous product innovations are also spurring the growth of the global market. However, the use of preservatives to brighten the yellow color of the powder is restricting the development of the global market during the projection period.
The banana powder market has been significantly boosted due to the growing demand from the various end-user industries and the health benefits associated with consumption.
Banana powder is made by processing bananas in a colloidal mill. Bananas' shelf life is extended when processed into powder, which also lowers the cost of shipping for import and export. The banana powder contains various nutrients, including vitamin C, potassium, vitamin K, magnesium, and antioxidants. Therefore, banana powder has uses in various industries, including food, medicine, cosmetics, and animal feed, which is driving the market's growth. It also helps treat digestive diseases, blood pressure regulation, and depression and improves eyesight. In addition, since banana powder has moisturizing qualities, it is utilized in formulating cosmetic products.
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The global banana powder market is categorized into various segments: nature, process, application, distribution channel, and geography.
Based on the nature of banana powder, the market is categorized into Organic and Conventional. The organic segment is expected to hold a significant market share among the abovementioned ones due to rising interest in health and well-being among consumers and rising demand for organic banana powder. In addition, growing demand for organic and clean-label food products from consumers also spurs growth in this segment.
The process segmentation of the banana powder market includes Freeze Dried, Sprayed Dries, and Drum Dried. According to the analysis, the spray-dried segment is expected to have a significant market share during the forecasted period. The spray drying technique has been widely used to make banana powders as it can provide a dependable and consistent product.
Based on the application, the market for banana powder is categorized into Food and Beverage, Cosmetics, Pharmaceuticals, Animal Feed, and others. The food and beverage segment is expected to hold a significant market share among all these mentioned above. Banana powder is an alternative to wheat flour to produce gluten-free food products. They are used to make various food and beverage products, including infant food, puffed food, seasonings, solid drinks, cakes, bakery items, etc.
The banana powder market is categorized into online and offline distribution channels. The online distribution channel segment is expected to hold a significant market share among the abovementioned ones. The booming e-commerce industry is one of the key factors driving the growth of this segment.
The banana powder market is divided geographically into North America, South America, the Middle East and Africa, Europe, and Asia Pacific. Out of all the geographical regions Asia Pacific region is expected to significant market share in the global banana powder market. The flourishing food & beverage and cosmetic industries drive the demand for banana powder in Asia Pacific countries. Moreover, the health advantages of banana powder have caused a change in consumption habits propelling regional demand even further. In addition, the presence of leading banana-producing countries such as India, China, and the Philippines is expanding the market even further.
As a part of the report, the major players operating in the global banana powder market that have been covered are Dr. Food Nutri, National Food' N' Spices, Mevive International, PentaPure Foods pvt ltd, Naturalin Bio-Resources Co., Ltd., Saipro Biotech Private Ltd., Vinayak Corporation and Taj Agro International.
This global banana powder market has been analyzed into the following segments:
• By Nature
o Organic
o Conventional
• By Process
o Freeze Dried
o Spray Dried
o Drum Dried
• By Applications
o Food and Beverage
o Cosmetics
o Pharmaceuticals
o Animal Feed
o Others
• By Distribution Channel
o Online
o Offline
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• UK
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Related Reports:
• Milk Powder Market: https://www.knowledge-sourcing.com/report/milk-powder-market
• Organic Cocoa Powder Market: https://www.knowledge-sourcing.com/report/organic-cocoa-powder-market
• Global Organic Banana Market: https://www.knowledge-sourcing.com/report/global-organic-banana-market
Contact Us:
Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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