Banana Powder Market

Global Banana Powder Market Size (2024 to 2029):

Banana Market size was calculated to be USD 1.28 Bn in 2024 to 1.82 Bn in 2029 with a CAGR of 7.30 % over the prediction period 2024 to 2029.

Global Banana Powder Market Drivers:

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.

Global  Banana Powder Market Restraints:

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.

REPORT COVERAGE: 

This research report on the Global Banana Powder Market has been segmented and sub-segmented based on source, end-use, process & region. 

Global Banana Powder Market - By Source:

• Organic
• Conventional 

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.

Global Banana Powder Market - By End-use:

• Food
• Cosmetics
• Pharmaceuticals
• Animal Feed
• Others

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.

Global Banana Powder Market - By Process:

• Freeze Dried
• Spray Dried
• Sun-Dried
• Others

Global Banana Powder Market - By Distribution Channel:

• Direct Sales
• Indirect Sales

 Global Banana Powder Market - Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

North America Banana Powder Market is expected to expand at the highest rate between 2024 and 2029

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 MARKET PLAYERS:

Key Market Players of Banana Powder Market 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.