Press release
Makreo Research Projects Global Banana Powder Market Revenue to Surge by 6.37% in 2024, Driven by Demographic Trends and Expanding Applications
For more details: (Sample Report Available)
Global Banana Powder Market Size and Forecast (2019-2028)
https://www.makreo.com/report/global-banana-powder-market-size-and-forecast-2019-2028
► Youth Demographic Drives Consumption in Asia
A substantial portion of the banana powder market's consumption is anticipated to stem from the youth demographic in Asian countries, particularly children aged 0-14. Leading countries such as India, China, and the Philippines are projected to account for 24.2%, 16%, and 29.7% of this demographic, respectively, by 2024. This high concentration of young consumers is expected to create sustained demand for banana-based products, especially in the food and beverage sector.
► Expanding Opportunities in Cosmetics and Pharmaceuticals
In addition to food applications, banana powder is witnessing increasing demand in the cosmetics and pharmaceutical industries. The stable import prices and rising applications of banana powder in skincare, haircare, and makeup products are set to propel the market forward. The global cosmetics market, including these categories, is projected to achieve a Compound Annual Growth Rate (CAGR) of over 6% from 2024 to 2028. This burgeoning demand for natural and organic ingredients is expected to further bolster the growth of the banana powder market.
► India: A Key Player in Banana Powder Production
India plays a pivotal role in the global banana and banana powder markets, consistently ranking as one of the top exporters. Leading manufacturers such as Taj Agro International and Varmora Food Private Ltd. have recorded a combined total of 2,304 shipments as of June 2024. India's robust agricultural base and efficient export systems position it as a crucial player in meeting both domestic and international demand.
► Insights on Global Import and Export Trends
In 2023, the global banana trade saw a modest 1% increase in net imports, totaling around 18.7 million tonnes. The European Union remained the largest importer, with stable imports of approximately 5 million tonnes. Conversely, China experienced a sharp 9% decline in banana imports due to shifting consumer preferences and supply chain disruptions.
On the export side, global banana shipments increased by 0.3%, reaching approximately 19.2 million tonnes in 2023. Latin America and the Caribbean led export growth with a 1.3% increase, while Colombia faced a significant setback with a nearly 30% drop in exports due to adverse weather conditions.
► Diverse Applications Driving Market Growth
Banana powder's broad range of applications spans across makeup, skincare, hair care, baby food, and beverages. As consumer preferences shift towards natural ingredients, the banana powder market is expected to see corresponding growth. The organic segment, while currently smaller, is experiencing faster growth, driven by increasing consumer awareness of its health benefits.
► Opportunities in the Middle East's Cosmetics Market
The Middle East presents significant untapped growth potential for banana powder manufacturers, driven by rising demand for high-quality, natural ingredients in cosmetics. As the trend for natural cosmetic products continues to grow, banana powder's applications in this sector are expected to further contribute to market expansion.
► Key Developments and Market Dynamics
The report published by Makreo Research titled "Global Banana Powder Market Size and Forecast (2019-2028) - By Type (Organic and Conventional), Application, Distribution, Process, and Geography," offers a comprehensive analysis of market dynamics, historical performance, regional insights, and competitive landscape.
This study provides industry stakeholders, investors, and market experts with valuable knowledge to understand the evolving dynamics and growth opportunities within the banana powder market.
► Period of Study
• 2019 - 2023: Past and Present Scenario
• 2023 - Base Year
• 2024 - 2028: Future Outlook of the Market
► Market Assessment
By Application
• Food Products
• Cosmetics
• Pharmaceuticals
• Others
By Distribution
• Online
• Offline
By Type
• Organic
• Inorganic
By Process
• Freeze Dried
• Spray Dried
• Sun Dried
• Drum Dried
• Others
By Regions
• North America
• Europe
• Asia-Pacific (APAC)
Companies Covered
• Mevive International Food Ingredients
• Taj Agro Commodities Private Limited
• Vinayak Ingredients (India) Pvt. Ltd.
• Dole Food Company, Inc.
• Natural Evolution Foods
• Saipro Biotech Private Limited
Similar Related Reports:
India Spices Market Size and Forecast (2019-2029)
https://www.makreo.com/report/india-spices-market-size-and-forecast-2019-2029
Makreo Research and Consulting
801, Trishul Goldmine, Palm Beach, Sector 15, Belapur, Navi Mumbai, Maharashtra 400614
Contact us at:
Meetu Bhasin, Director of Research and Operations
Phone Number
+91-9619699069
Email Address
info@makreo.com
Makreo Research is a leading market research and consulting firm based in India, specializing in Syndicated Research, Custom Research, Consulting, and Market Surveys. With expertise in navigating complex market dynamics, we empower businesses to achieve success. Our services span a wide range of industries and geographies, including North America, LATAM, Europe, Asia-Pacific, Oceania, MENA, and more.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Makreo Research Projects Global Banana Powder Market Revenue to Surge by 6.37% in 2024, Driven by Demographic Trends and Expanding Applications here
News-ID: 3685046 • Views: …
More Releases from Makreo Research And Consulting
Nigeria Remittance Market Surges to USD 23 Billion in 2025 as Strong Diaspora Co …
Nigeria's remittance sector is undergoing a major structural shift, marked by record inflows and rapid digital adoption. In 2025, remittance inflows reached USD 23 billion, the highest level recorded in the past five years, highlighting the sustained resilience of Nigeria's global diaspora despite global inflation and macroeconomic pressures. This surge has played a pivotal role in supporting Nigeria's broader economic framework and strengthening external liquidity.
Nigeria's Foreign Reserves Strengthen as Remittances…
India Higher Education Market Surges with 43.3 Million Students, 80% Grad Employ …
India, the world's second-largest higher education market, currently hosts over 43.3 million students enrolled across thousands of universities and colleges. In FY 2025-26, 39% of India's Ministry of Education budget, amounting to INR 50,077.95 crore, was allocated to higher education, reflecting the government's growing focus on strengthening this critical sector. A deeper look shows that 79% of students are enrolled in undergraduate courses, 12% pursue postgraduate degrees, 0.5% are engaged…
Indonesia Dark Kitchen and Fulfillment Center Market Expands with Rising F&B Gro …
Indonesia's dark kitchen and fulfillment center market is experiencing unprecedented growth, fueled by rising consumer demand, robust expansion in the food & beverage (F&B) sector, and increasing adoption of digital commerce across urban and emerging cities. The surge in delivery-first business models, the prominence of independent culinary operators, and growing investment activity are reshaping Indonesia's retail and F&B ecosystems, positioning the country as a key hub in Southeast Asia's evolving…
Africa's Fintech Market Surges with 1,600+ Startups and $900M H1'2025 Funding, D …
Africa's fintech journey is no longer a promise of potential, it is an unfolding reality reshaping the continent's financial fabric. Over the past five years, the sector has experienced two distinct growth phases: a period of rapid expansion through 2022, followed by measured but sustainable growth in 2023 and 2024. By April 2022, the number of active fintech firms surged to 1,049 from just 450 in 2020. By early 2024,…
More Releases for Banana
Crypto Traders Shift Back On-Chain as Banana Gun Expands Banana Pro Into a Multi …
On-chain crypto trading activity is beginning to accelerate again as traders reposition across multiple blockchain networks, according to new data released by Banana Gun. Alongside the rise in activity, the company has expanded [ Banana Pro ] https://pro.bananagun.io/app?referral=ZlKmmo6V into a fully multichain trading platform, with Base now supported natively.
The combination of renewed on-chain participation and expanded multichain tooling highlights a market that appears to be reorganizing rather than retreating.
Multichain Activity…
Banana Prompts: Discover Proven Image Banana Prompts for AI Image & Video Creati …
The process of producing quality AI images and videos can sometimes be more difficult than it needs to be. You hit a prompt, wait until something comes, adjust a word or two, and repeat dozens of times just to have something useful. This trial-and-error method is a time waste and usually produces uneven results, particularly for the creators who desire professional-like outputs in brief periods.
It is where Banana Prompts: https://bananaprompts.com/?utm_source=openpr…
Banana Puree Market Research Report
Global Info Research announces the release of the report "Global Banana Puree Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides a detailed overview of the Banana Puree market scenario, including a thorough analysis of the Banana Puree market size, sales quantity, average price, revenue, gross margin and market share.The Banana Puree report provides an in-depth analysis of the competitive landscape, manufacturer's profiles, regional and…
Banana Bread Market Future Opportunities and Trends to 2031 Papa Joe's Bakehouse …
[New York, December 2024] Banana bread, a beloved baked good made from ripe bananas, flour, sugar, and various other ingredients, occupies a significant place in the global bakery industry. Its rich flavor, appealing texture, and versatility make it an ideal option for breakfast, snacks, or desserts. Banana bread has not only become a staple in households but also an enticing offering in bakeries and cafés worldwide. This connection between comfort…
Banana Powder Market Shares And Growth Opportunities 2024-2033 Dole Food Company …
Leading market research firm Infinitive Data Expert recently released a study titled 'Banana Powder Market Global Size, Share, Growth, Industry Trends, Opportunity and Forecast 2024-2033,' This study Banana Powder report offers a thorough analysis of the market, as well as competitor and geographical analysis and a focus on the most recent technological developments. The research study on the Banana Powder market extensively demonstrates existing and upcoming opportunities, profitability, revenue growth…
Banana Bread Market to Expand Significantly by 2024| Banana Bread Co, Barnes Nat …
The "Banana Bread Market" intelligence report, just published by USD Analytics, covers insurers' micro-level study of important market niches, product offers, and sales channels. In order to determine market size, potential, growth trends, and competitive environment, the Banana Bread Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study…
