Banana Powder Market Growth, Key Players, Value, Statistics and Forecast To 2027

According to IMARC Group's latest report, titled "Banana Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global banana powder market reached a value of US$ 1,070 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,651 Million by 2027, exhibiting at a CAGR of 7.3% during 2022-2027.

What is Banana Powder?

Banana powder refers to a powder made derived from processed bananas and serve as a major source of calories and carbohydrate. It is commonly used as one of the essential ingredients in baby food, milkshakes, bakery items, etc. Banana powder is rich in vitamins C and B6, antioxidants, magnesium, protein, fibre, dietary riboflavin, iron, niacin, etc. It helps to prevent dehydration and aging effects and enhances nutrient absorption in the body. Banana powder even cures indigestion and protects against blood pressure fluctuations. Consequently, they find widespread applications in numerous sectors, such as food and beverage, pharmaceutical, cosmetics, animal feed, etc.

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Banana Powder Market Trends:

The elevating usage of the product to treat diarrhea among young children and promote weight gain in babies is among the key factors driving the banana powder market. Additionally, the escalating need for the product in the cosmetics industry, owing to its moisturizing properties that offer nourishment of skin and relieve the skin from itchiness and irritation, is acting as another significant growth-inducing factor. Apart from this, the growing employment of the product to manufacture animal feed as they help to protect the lining of the stomach from acid is also positively influencing the global market. Moreover, the shifting consumer preferences toward natural food ingredients for healthier lifestyles and the rising investments in research & development (R&D) activities by food technologists and companies for continuous innovation of new products are further stimulating the market growth. Besides this, the launch of improved distribution channels and the increasing product availability through multiple online retail channels are expected to bolster the banana powder market over the forecasted period.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The market is highly fragmented with the presence of many small and large players who compete in terms of prices and quality. Some of the leading players operating in the market are:

• Chiquita Brands International Sàrl
• Fresh Del Monte Produce Inc.
• Dole Food Company, Inc.
• Fyffes plc
• Grupo Noboa S.A.

Key Market Segmentation:

The report has categorized the market based on end use.

Breakup by End Use:
• Food Industry
• Feed Industry
• Others

Regional Insights:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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