The size of the Banana Powder Market is estimated to register a CAGR of 7.2% during the forecast period of 2022 - 2027. Several health benefits allied with banana powder will drive the growth of the global banana powder market. Owing to the growing consciousness about the health benefits of banana powder, the banana powder market has optimistic growth predictions in the forecast period. North America is expected to expand at the highest rate between 2021 and 2026. The European banana powder market is projected to represent a considerable consumer share in the coming years.
Banana powder is a powder formed from bananas that have been processed. It's a common ingredient in milkshakes and infant meals. It's also utilized in the production of a variety of cakes and cookies. Banana powder is made from banana pulp that has been physically diced and then processed with a colloid mill utilizing hydraulic shear to convert it into a paste.
After that, sodium metabisulfite is added to enhance the paste's yellowish color. The paste is subsequently dried by spraying or drum drying, with the latter being more popular because no paste is wasted during the drying process. Drum drying also yields around 2% extra powder and ensures that it is properly dried. The banana powder can only keep fresh on the shelf for roughly a year, regardless of the drying procedure.
Banana powder has been widely used in infant formula since the early 1900s to keep newborns healthy. Along with dried banana "figs," it was called one of the "major businesses of the West Indies" at this time period in 1916. During the 1930s, the United Fruit Company started making a product called Melzo, which had banana powder as the major component. Melzo was promoted as a "health meal for children and the elderly, as a corrective for certain indigestions, and as a revitalizer for those who are sluggish mentally or physically" due to the beneficial characteristics of banana powder.
Recent happenings in the Banana Powder Industry:
Through its subsidiary Del Monte International GmbH, Fresh Del Monte Produce Inc established a collaboration with Queensland Technology University (QUT) in Brisbane, Australia, in February 2021 to push research toward producing disease-resistant bananas. This partnership will help in the development of novel ways for producing Bananas, commonly known as Fusarium or Panama Disease, that are less susceptible to Tropical Race 4 (TR4) and more sustainable for our food supply.
The beauty industry's rising need for banana powder is a key driver to this segment's growing demand. Furthermore, bananas may be used on all skin types. A face mask with anti-aging and antioxidant qualities will gently feed, cleanse, exfoliate, and moisturize aging, skin acne aging, dry, ordinary, and mixed skin. Bananas, also known as natural Botox, have anti-wrinkle ingredients that assist in erasing age spots and prevent fine lines and wrinkles from forming. As a result, these are the key benefits that will drive future banana powder demand, resulting in market expansion for banana powder. Furthermore, the rise in demand for gluten-free products as a result of increased health awareness will give further possibilities for the market to develop in the future years.
Expensive storage maintenance costs hamper the market's expansion. Furthermore, continuous variations in raw material prices and added banana powder calories that contribute to undesired weights hinder the market's growth. Despite the fact that bananas are a natural food ingredient, certain people may be allergic to them, and this, combined with occasional product recalls, may limit worldwide demand for banana powder. Bananas are commonly thought to be one of the first solid foods that a newborn can eat. Some folks, on the other hand, may prefer to forgo bananas entirely. Allergies to bananas are also linked to latex allergies. It's related to a recognized sensitivity to proteins found in latex-producing rubber plants, as well as proteins present in nuts and fruits like bananas. Latex-food syndrome is the name for this disease, which is also known as latex fruit allergy.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 to 2026 |
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Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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CAGR |
7.2% |
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Fastest Growing Market |
Europe Banana Powder Market |
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Largest Market |
North America Banana Powder Market |
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Segments Analysed |
By Source, By End User, By Process |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
By Source:
On the basis of source, the market is divided into organic and conventional. In 2020, the conventional segment will have the greatest revenue market share. Ecuador, India, and China supply more than half of the bananas consumed in the United States. Organic farming relies entirely on natural techniques to stimulate plant development and control predatory insects, whereas conventional farming relies on synthetic fertilizers and pesticides.
Organic bananas, according to some, are more nutritious, have a higher level of dietary riboflavin, and taste better than regular bananas. Skin issues, ulcers in the corner of your mouth, swollen and cracked lips, hair loss, sore throat, and liver problems are all symptoms of a dietary riboflavin deficit.
By End-use:
Food Industry will have the greatest revenue market share in the Banana Powder Market
In 2020, the Food Industry will have the greatest revenue market share. This is mostly due to the increasing usage of banana powder in beverages and infant formula. Banana powder also assists in the development of immunology in newborns, which contributes to the segment's growth due to its high potassium and other vital minerals.
Fiber and antioxidant content, among other things, aid digestion and cardiovascular health. They also aid weight loss due to their low calorie and high nutritional content. The bananas are nearly completely comprised of water and carbohydrates, with just approximately 105 calories per banana.
It has become popular in the cosmetics sector because of its moisturizing characteristics, which include skin nutrition and relief from itching and inflammation. It's used to color correct skin and give it a warm glow and decrease shine, absorb excess oil, set makeup for longer wear, and diminish fine wrinkles.
By Process:
By Distribution Channel:
By Region
Regional Insights of the Market:
North America Banana Powder Market is expected to expand at the highest rate between 2021 and 2026
On the basis of region, in 2020, the Asia-Pacific Banana Powder Market accounted for 40% of total revenue. This is mostly due to the fact that nations like India, Australia, and China produce and consume a lot of bananas. According to FAO data, India is the world's top banana grower, followed by China. The European banana powder market is projected to represent a considerable consumer share in the coming years. North America is expected to expand at the highest rate between 2021 and 2026. As bakery items become more popular, the need for banana powder to make baking products grows. Improved demand for banana powder from the local cosmetics and care business due to increased awareness of the banana fruit's health advantages due to characteristics such as being rich in fiber, antioxidants, carbs, and dietary riboflavin is escalating the demand of the market.
Key Manufacturers in the Banana Powder Industry are:
Chiquit, Del Monte Fresh, Banana Link, BANATONE FOOD INDUSTRIES, Santosh Food Products, Vinayak Ingredients India Pvt. Ltd, Naturalin Bio-Resources Co. Ltd, Dole Food Company, Fyffes, Mevive International Food Ingredients, Aarkay Food Products Ltd, and National Food ‘n’ Spices.
COVID-19 Analysis on Banana Powder Industry:
COVID 19 impacted negatively on the demand of the banana powder market, especially in the initial days of the pandemic started. In 2020, to curb the transmission of the novel coronavirus, all the sectors were completely closed. This brought huge losses for companies all over the world. The global economy is disrupted due to COVID 19 that also affected the banana powder market. However, from the end of 2020, all the activities were resumed that leveled up the shares of the banana powder market.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Banana Powder Market, By Source
6.1.1 Organic
6.1.2 Conventional
6.1.3 Market Size Estimations & Forecasts (2022 - 2027)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Banana Powder Market, By End Use
6.2.1 Food
6.2.2 Cosmetics
6.2.3 Pharmaceuticals
6.2.4 Animal Feed
6.2.5 Others
6.2.6 Market Size Estimations & Forecasts (2022 - 2027)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Banana Powder Market, By Process
6.3.1 Freeze Dried
6.3.2 Spray Dried
6.3.3 Sun-Dried
6.3.4 Others
6.3.5 Market Size Estimations & Forecasts (2022 - 2027)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Banana Powder Market, By Distribution Channel
6.4.1 Direct Sales
6.4.2 Indirect Sales
6.4.3 Market Size Estimations & Forecasts (2022 - 2027)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2022 - 2027)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Source
7.2.3 By End Use
7.2.4 By Process
7.2.5 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Source
7.3.3 By End Use
7.3.4 By Process
7.3.5 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Source
7.4.3 By End Use
7.4.4 By Process
7.4.5 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Source
7.5.3 By End Use
7.5.4 By Process
7.5.5 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Source
7.6.3 By End Use
7.6.4 By Process
7.6.5 By Distribution Channel
8. Key Player Analysis
8.1 Chiquit
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Del Monte Fresh
8.3 Banana Link
8.4 BANATONE FOOD INDUSTRIES
8.5 Santosh Food Products
8.6 Vinayak Ingredients India Pvt. Ltd
8.7 Naturalin Bio-Resources Co. Ltd
8.8 Dole Food Company
8.9 Fyffes
8.10 Mevive International Food Ingredients
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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