The global banana powder market reached a value of US$ 990.6 Million in 2020. Bananas represent the world’s most consumed fresh fruit and the fourth most important food crop in terms of the gross value of production. Unlike raw bananas, banana powder has a shelf-life of almost two years when stored in a cold storage facility in the absence of oxygen. It finds applications in various industries ranging from cosmetics and food to pharmaceutical and feed industries, which has encouraged its production across the globe.
Banana powder helps to strengthen bones, improve digestion, nutrition absorption and vision, prevent dehydration, regulate blood pressure and relax muscles. In addition, it is highly convenient to use, which leads to low to no product wastage and residue after usage. Moreover, as it restores all the essential nutrients and properties of the raw fruit, it is employed in various recipes in place of bananas. It also helps in increasing the shelf life and utilization of bananas and reduces post-harvesting losses. Apart from this, clinical trials are being conducted to establish the usage of banana powder in the pharmaceutical industry. Looking forward, the analyst expects the global banana powder market to grow at a CAGR of 7.60% during 2021-2026.
Breakup by End Use: Food Industry Feed Industry Others
Based on the end use, the report finds that the food industry represents the largest segment as banana powder is widely used in the food industry to prepare infant, puffed and cold/frozen food products, seasonings, solid beverages and cakes.
Regional Insights: North America Asia Pacific Europe South America Middle East and Africa
Region-wise, North America enjoys the leading position in the market. As the climatic conditions are not favorable and the local production does not meet the domestic demand, the region imports large quantities of bananas from South American countries to produce banana powder.
Competitive Landscape: The market is highly fragmented with the presence of a large number of small and large players who compete in terms of prices and quality. Some of the leading players operating in the market are:
Chiquita Brands International Sàrl Fresh Del Monte Produce Inc. Dole Food Company, Inc. Fyffes plc Grupo Noboa S.A.
Key Questions Answered in This Report: How has the global banana market performed so far and how will it perform in the coming years? What are key regions for the global banana powder industry? What has been the impact of COVID-19 on the global banana powder industry? How has the global banana powder market performed so far and how will it perform in the coming years? Which are the key end use industries for banana powder? What are the price trends of banana powder? What are the various stages in the value chain of the banana powder industry? What are the key driving factors and challenges in the banana powder industry? What is the structure of the banana powder industry and who are the key players? What is the degree of competition in the banana powder industry? What are the profit margins in the banana powder industry? What are the key requirements for setting up a banana powder manufacturing plant? How is banana powder manufactured? What are the various unit operations involved in a banana powder manufacturing plant? What is the total size of land required for setting up a banana powder manufacturing plant? What are the machinery requirements for setting up a banana powder manufacturing plant? What are the raw material requirements for setting up a banana powder manufacturing plant? What are the packaging requirements for banana powder? What are the transportation requirements for banana powder? What are the utility requirements for setting up a banana powder manufacturing plant? What are the manpower requirements for setting up a banana powder manufacturing plant? What are the infrastructure costs for setting up a banana powder manufacturing plant? What are the capital costs for setting up a banana powder manufacturing plant? What will be the income and expenditures for a banana powder manufacturing plant? What is the time required to break-even?
Our reports have been used by over 10K customers, including:
- In a World Faced With the Urgent Challenge to Increase Crop Yields, Plant Phenotyping Will Reach $262.7 Million
- The global market for Plant Phenotyping is expected to reach US$262.7million by the year 2027, trailing a post COVID-19 CAGR of 10.7% over the analysis period 2020 to 2027. sAgriculture, being...
175 pages •
By The Business Research Company
• May 2021
Major players in the plows market are Agrimir, Bomet Sp. z o.o. Sp.K, Baldan Machinery, KUHN, AGRO-MASZ, Kongskilde Agriculture, DEMBLON, BEDNAR FMT, Amazonen-Werke, and Aratri EMMEGIEMME. The global plows market is expected to grow from $0.83 billion in 2020 to $0.92 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%....
The global pulses market exhibited moderate growth during 2015-2020. Pulses are considered as a superfood owing to the presence of high levels of dietary fiber, vitamins, minerals, phytochemicals and complex carbohydrates. Apart from the nutritional benefits, pulses also assist in improving digestion, reducing blood...
The global seed market size is estimated to be valued at USD 63.0 billion in 2021 and is projected to reach USD 86.8 billion by 2026, recording a CAGR of 6.6%. Factors such as increasing application of cereals & grains in the feed, food, and biofuels industry alongside growing technological advancements such as the adoption of hybridization...
224 pages •
By Global Industry Analysts
• Apr 2021
- The global market for Agriculture Drones is projected to reach US$5.7 billion by 2025, driven by the growing use of technology to enhance agricultural productivity. Several factors are responsible for the growing focus shed on crop productivity and yields. Global population growth, for instance, is exerting...
435 pages •
By Global Industry Analysts
• Apr 2021
- The Challenge of Feeding 7.5 Billion People Brings Biological Seed Treatment into the Spotlight for a $1.9 Billion Global Opportunity
- The global Biological Seed Treatment market is expected to reach US$1.9 billion by the year 2027, trailing a post COVID-19 CAGR of 9.2% over the analysis period 2020 through...
120 pages •
By Infiniti Research Limited
• Feb 2021
Global Biostimulants Market 2021-2025 The analyst has been monitoring the biostimulants market and it is poised to grow by $ 2.24 bn during 2021-2025, progressing at a CAGR of 12% during the forecast period. Our report on biostimulants market provides a holistic analysis, market size and forecast, trends, growth drivers,...
67 pages •
By Euromonitor International
• Jan 2021
The Indian fresh food market was impacted significantly by the spread of Coronavirus (COVID-19), beginning in March 2020. The COVID-19-induced lockdown which led to the closure of foodservice outlets such as restaurants, cafés, bars, etc, as well as institutional establishments such as educational institutes, cafeterias, etc, forced wholesalers...
Chelating agents are organic substances which react with metal ions to produce stable, water-soluble compounds. They rearrange the chemical composition of the metal and enhance its ability to bond with other substances. Chelating agents are used as corrosion inhibitors as they form an insoluble surface which prevents...
The agricultural adjuvant market is currently being catalyzed by a rise in agrochemical demand and an increasing importance for precision farming. According to the latest report by the analyst, titled “Agricultural Adjuvant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.