Banana Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Banana Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • February 2021 •
  • 108 pages •
  • Report ID: 4715161 •
  • Format: PDF
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?