The global demand for Banana Powder Market is presumed to reach the market size of nearly USD 5.42 MN by 2028 from USD 2.04 MN in 2021 with a CAGR of 6.1% under the study period 2022 - 2028.
Banana Powder is a powder prepared by processing bananas, is a chief source of carbs and calories, and is rich in vitamin C, magnesium, and antioxidants. The other nutrients in banana powder are protein, iron, vitamin B6, niacin, and dietary riboflavin. Banana powder is majorly employed as an ingredient in baby foods, bakery items, and milkshakes because it helps in better digestion, soothing ulcers, maintains healthy functioning of the nervous system, and boosts energy. Banana powder comprises natural laxative properties; hence, it is used for producing anti-diarrheal medicines by pharmaceutical industries. It protects against blood pressure fluctuations owing to its potassium content in it. Some other benefits of banana powder intake include improvement in vision and strengthening of bones.
Market Dynamics
The global banana powder market is booming at a healthy rate in the forthcoming years. Banana powder is being employed in infant food products, as it is rich in potassium and easy to digest. The need for banana powder is increasing in animal feed preparations with the growing livestock population globally. The rising demand for banana powder in the food industry is increasing as the banana powder is being used in the processing of pastries, cakes, ice cream, and bread. The upsurge in the need for gluten-free products by consumers is fueling the banana powder market growth, as the banana powder is regarded as an economical substitute for wheat powder in gluten-free product processing. Additionally, the anti-diarrhoeal properties of bananas are the key factor promoting the banana powder market and it’s been actively driven by the pharmaceutical industry.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of banana powder. The growth and trends of banana powder industry provide a holistic approach to this study.
Market Segmentation
This section of the banana powder market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Food Industry
- Pharmaceutical Industry
- Cosmetics Industry
- Animal Feed Industry
By Distribution Channel
- Online Retail
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Stores
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Banana Powder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Banana Powder Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the banana powder market include Aarkay Food Products Limited, Nutryttiva, Saipro Biotech Private Limited, Urban Platter, Banatone Food Industries Kochuveli, Babyvita India Food Products, Natural Evolution ltd, NuNaturals Inc., Royal Nut Company, and Manna Foods. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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