Global Banana Powder Market Report: Market Values, Dynamics, Segment Analysis, and Regional Insights (2023-2029)

15-02-2024: Market Values:

The Banana Powder Market was valued at US$ 94.41 billion in 2022, and it is expected to grow at a CAGR of 4.9% through 2023 to 2029, reaching nearly US$ 131.96 billion.

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Market Overview:

The Global Banana Powder market, valued at US $94.41 billion in 2022, is anticipated to reach US $131.96 billion by 2029, exhibiting a CAGR of 4.9% during the forecast period. Banana Powder, inspired by apparel from the Wild West during the nineteenth century, has evolved into a popular fashion choice worldwide. It is characterized by items such as western shirts with pearl snap fasteners and vaquero boots, and is embraced not only by individuals with country music or Western lifestyles, but also by fashion-conscious consumers globally.

Market Dynamics:

The growth of the global Banana Powder market is driven by factors such as population growth, the expansion of the e-commerce industry, increasing consumer disposable income, and growing fashion consciousness. Banana Powder, once limited to metropolitan areas, is now experiencing demand across all regions due to factors such as globalization, enhanced brand awareness, and a broader consumer base. However, challenges such as high costs of branded clothing, changing fashion trends, and raw material scarcity may hinder market growth.

Banana Powder Market Segmentation

by Type
Moisture 6%
Moisture 8%
Other

The volume share for organic banana flour is predicted to be larger than the conventional segment based on the service type and the increasing demand for organic products from the food and retail industries. Because spray drying produces banana flour at a lower cost of production, almost half of the firms use this method.

The primary source of distribution for banana flour is contemporary trade and convenience stores, which are easily accessible to certain clientele. Distribution via e-retailers is keeping up with the market due to the spread of the internet in the past.

by Application
Health Care Products
Healthy Nutrition
Infant Food
Snack Drink
Condiment

The banana is a widely consumed fruit that is farmed in many nations. A little portion of bananas is processed into banana powder, which extends their shelf life, while the majority are eaten raw. The majority of uses for banana powder are in the production of infant food, protein powder, and milkshakes. Moreover, it finds uses in a variety of food items, including cakes, beverages, fast meals, seasonings, etc.

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:

Part 01: Executive Summary

Part 02: Scope of the Banana Powder Market Report

Part 03: Global Banana Powder Market Landscape

Part 04: Global Banana Powder Market Sizing

Part 05: Global Banana Powder Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific leads the global Banana Powder Market, driven by rapid urbanization, rising disposable incomes, and growing awareness of air pollution. North America and Europe follow closely, with strong healthcare infrastructure and environmental sustainability driving market growth. Latin America and the Middle East present emerging opportunities for market expansion, fueled by urbanization and increasing awareness of health risks associated with poor air quality.

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