Global Banana Powder Market was valued US$ 25.37 Bn in 2018 and is expected to reach 44.3 Bn by 2026, at a CAGR of 7.25 % during a forecast period.
Global Banana Powder Market: Overview
Banana is broadly consumed fruit and is grown across numerous countries. The mainstream of banana is consumed directly, and small part is processed into banana powder, which helps in increase its shelf-life. Banana powder is mostly used for manufacturing milkshakes, protein powder, baby food, etc. Further, it discovers applications in various food products such as cakes, instant foods, beverages, seasonings, etc.
Banana flour has been conventionally being used in main parts of Africa and Jamaica at cheaper alternative to wheat flour. However, owing to the increasing number of diet conscious consumers, banana flour is being used as a source alternative to starch. Banana flour is also being used as gluten free substitute for patients suffering from celiac diseases and for consumers who are diet conscious.The global banana powder market is expected to grow at faster rate in the coming years owing to the growing awareness of its health benefits.
Global Banana Powder Market: Drivers and Restraints
Banana powder is a gluten free product, will witness its development in terms of value and volume sales in market share. Moreover, banana flour is being deliberated as the best source of resistant starch. Owing to growing number of diet conscious consumers, there will be rise in demand for banana flour products in banana powder market. Gluten free product is projected to lead the demand for banana powder market in forecast period. Banana powder strengthens bones, enables quicker digestion and nutrition absorption, prevents dehydration, improves vision, treats depression, regulates blood pressure and relaxes muscles.Moreover, it is active in the skincare and cosmetic sector, owing to its several skin benefits; and in the feed industry, for feeding animals such as pig, fish, shrimp, etc.
On the other hand, Club stores will witness restrained distribution for Banana Flour mainly in North American regions. The unpredictability in prices of raw material will restrict growth of market of Banana Powder. Further the government will decrease the investment in the existing technologies and will invest in advanced technologies for rising the demand in the forecast period.
Global Banana Powder Market: Segment Analysis
On the basis of service type, the growing demand for organic product from the food and retail industries, the volume share for organic banana flour is being projected to higher than the conventional segment.Since more than half of the manufacturers accept the procedure of spray dried in the production of banana flour owing to the less cost production.
Banana Flour has its main distribution, flow coming modern trade and convenience store which are simply available for targeted customers. Owing to increasing internet dispersion in past, distribution through E- Retailers is following the market.
Global Banana Powder Market: Regional Analysis
In geographical area, North America will dominate in the Global Banana Market over all the region during forecast period attributed to, the flourishing food and beverage industry has inspired the demand for banana powder in the developed region .A mainstream of key companies challenging in the global banana flour landscape are founded in the US and hold key market presence across North America.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Banana Powder market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Banana Powder market.
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Scope of Global Banana Powder Market
Global Banana Powder Market, by Type
• Moisture 6%
• Moisture 8%
• Other
Global Banana Powder Market, by Application
• Health Care Products
• Healthy Nutrition
• Infant Food
• Snack Drink
• Condiment
Global Banana Powder Market, by Distribution Channel
• Supermarkets
• convenience stores
• Online stores.
Global Banana Powder Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Banana Powder Market
• Natural Evolution Limited
• International Agriculture Group
• Zuvii
• ADM Wild Europe Gmbh& Co
• KG
• Nutryttiva
• NuNaturals, Inc.
• Stawi Foods and Fruits Limited
• Slingan Pty Ltd
• Royal Nut Company
• NOW Health Group, Inc.
• Mevive International
• Safety Foods Pvt Ltd
• Taj Agro International
• Vinayak Ingredients
• Shree Biotech
• Santosh Food Products
• Guangxi ENDU High-Tech
• Qingdao Xinmeixiang Foods
• Yunnan LincangKaixiong Banana Co., Ltd.
• Shaanxi Jintai Biological Engineering
• Shine-Ball
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