Banana Powder Market Analysis by Maximize Market Research: Trends, Drivers, and Regional Insights

Banana Powder Market was valued at US$ 1.25 Bn in 2022 and is expected to reach 2.09 Bn by 2029, at a CAGR of 7.5 % during the forecast period.

Banana Powder Market Report Scope and Research Methodology:

The report offers a comprehensive analysis of market values, scope, research methodology, drivers, restraints, and regional trends, providing valuable insights for stakeholders, investors, and businesses in the industry.

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Banana Powder Market Dynamics:

Bananas are a widely consumed fruit, cultivated across numerous countries. While the majority of bananas are consumed directly, a portion is transformed into banana powder to extend its shelf life. This versatile powder finds applications in various food products, including milkshakes, protein powder, baby food, cakes, instant foods, beverages, seasonings, and more.

Traditionally, banana flour has been utilized as a cost-effective alternative to wheat flour in parts of Africa and Jamaica. However, the increasing number of health-conscious consumers has led to its adoption as a starch substitute and gluten-free option for individuals with celiac diseases. With growing awareness of its health benefits, the global market for banana flour is expected to witness significant growth.

Banana powder, being gluten-free, is anticipated to experience value and volume sales growth, with banana flour emerging as an ideal source of resistant starch. This surge in demand can be attributed to the rising number of health-conscious consumers. Furthermore, banana powder offers an array of health benefits, such as bone strengthening, aiding digestion, preventing dehydration, improving vision, alleviating depression, and more. It also finds application in skincare, cosmetics, and the feed industry for animals like pigs, fish, and shrimp.

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Banana Powder Market Segmentation:

According to service type, the volume share for organic banana flour is anticipated to be greater than the conventional segment due to the rising demand for organic products from the food and retail industries. Because spray-drying is a less expensive production method, more than half of producers use it to produce banana flour.

by Type

Moisture 6%
Moisture 8%
Other

by Application

Health Care Products
Healthy Nutrition
Infant Food
Snack Drink
Condiment

by Distribution Channel

Supermarkets
convenience stores
Online stores

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Banana Powder Market Key Players:

1. Natural Evolution Limited
2. International Agriculture Group
3. Zuvii
4. ADM Wild Europe Gmbh& Co
5. KG
6. Nutryttiva
7. NuNaturals, Inc.
8. Stawi Foods and Fruits Limited
9. Slingan Pty Ltd
10. Royal Nut Company
11. NOW Health Group, Inc.
12. Mevive International
13. Safety Foods Pvt Ltd
14. Taj Agro International
15. Vinayak Ingredients
16. Shree Biotech
17. Santosh Food Products
18. Guangxi ENDU High-Tech
19. Qingdao Xinmeixiang Foods
20. Yunnan LincangKaixiong Banana Co., Ltd.
21. Shaanxi Jintai Biological Engineering
22. Shine-Ball

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Table of content for the Banana Powder Market includes:

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.2. Secondary data
2.3.3. Secondary Sources
2.3.4. Primary Research
2.3.5. Data from Primary Sources
2.3.6. Breakdown of Primary Sources

3. Executive Summary : Global Banana Powder Market, by Market Value (US$ Bn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter's Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends in Global Banana Powder Market

Regional Insights:

In the geographical context, North America is poised to dominate the Global Banana Powder Market during the forecast period. This dominance is attributed to a flourishing food and beverage industry driving the demand for banana powder. Major companies in the global banana flour landscape are primarily based in the US, strengthening North America's market presence.

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Key Offerings:

Past Market Size and Competitive Landscape 2023-2029
Past Pricing and price curve by region 2023-2029
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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