Banana Powder Market to Grow with Advancing Food Industry During the Forecast Period
Evolving taste
buds of consumer is driving the growth in Global Banana powder Market in the
forecast period, 2022-2026.
According to TechSci Research report, “Global
Banana
Powder Market By Source (Organic, Conventional), By Process (Freeze Dried,
Spray Dried, Sun Dried, Drum Dried And Others), By Application (Beverages, Feed
Industry, Pet Food, Cosmetics, Household, Food Industry), By Sales Channel
(Direct Sales, Indirect Sales), By Region, Competition Forecast &
Opportunities, 2026”, the global banana powder market would potentially
project an impressive growth in the forecast period, 2022-2026, with an
impressive CAGR on the account of rapidly increasing demand for the health
drinks in the market. Growing number of health-conscious consumers is also
supporting the potential growth of the global banana powder market in the
upcoming five years. Moreover, demands for diet plans and inclusions of food
and drinks with banana powder ingredient in it is also driving the growth of
the market in the next five years. Increase in the green banana production, and
numerous health benefits of the banana is also supporting the growth of the
global banana powder market in the future five years. Banana is among of the
freshest fruit commodities and posses’ nutrients like vitamins, potassium, and
proteins. Banana powders have applications in various industries like beverage
industry, baby food industry, health protein supplements, cosmetic industry,
etc. Rising demands from these end user industries is also supporting the
growth of the global banana powder market in the forecast years until 2026.
Banana fruit is enriched with potassium, proteins, vitamins, and dietary
riboflavin, commonly known as vitamin B2 and antioxidants. Antioxidant enriched
banana powders make up for easy snack food that is also rich in carbohydrates.
Banana powders are a good alternate for the consumption of banana as it is
commonly used in health drinks, milkshakes, baby foods, etc. The best
properties of banana include its ability to strengthen the bone density, digestion,
nutrient absorption, and vision, as well as preventing dehydration, regulating
blood pressure, and relaxing muscles.
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The global banana powder market segmentation is
based on source, process, application, sales channel, competitional landscape,
and regional distribution. Based on process, the market is further bifurcated
into freeze dried, spray dried, sun dried, drum dried and others. Spray dried
process is anticipated to hold the largest revenue shares of the market and
dominate the segment on the account of high speed and versatile ability of the
process that is highly suitable for the powders that needs controllable
particle size and overall quality, thus also driving the growth of the global
banana powder market in the next five years. Freeze dried process is also
anticipated to register significant growth in the upcoming five years on the
account of ease of the process. Although freezing techniques involves some
amount of freezing chemicals to be involved in the process. Efficiency of these
processes aid the growth of the global banana powder market.
Based on source the market is further divided
between organic and conventional sources. Organic sources of the banana powder
are anticipated to register fastest growing CAGR growth in the upcoming five
years on the account of increased farming of the organic banana. Rapidly
increasing number of health-conscious consumers is further aiding the growth of
the sudden surging demand and growth of global banana powder market.
YANA Foods, Banatone Food Industries, Mevive
International Food Ingredients, Vinayak Ingredients India Pvt. Ltd, Aarkay Food
Products Ltd, National Food ‘n’ Spices, Saipro Biotech Private Limited, Grupo
Noboa S.A., Varmora Foods Private Limited, Kanegrade Ltd Ingredients House,
Tianjin Tangchao Foods Industry Co., Ltd., Taj Agro International, Kalplaxmi
Agro Processors And Traders, Little Moppet Foods Pvt Ltd, Hainan Nicepal
Industry Co. Ltd., among others are some of the major global banana powder
market players. Market players are actively involved in the research and
technological development in the product developments. The advanced technology
has made it possible for the industry to provide excellent services through
banana powder. Further advancement would aid the market value and brand
establishment in the future five years. New market players may focus on the
research and development to provide options that satisfies the consumer demand
as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
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“Asia Pacific is
anticipated to be tagged as the most promising region for the future growth of
the global banana powder market. Countries like India, China, Australia are
largest producers and consumers of banana. Also, spray drying technique is very
popular in these country and availability of the product and export to other
countries is aiding the growth of the market in the region in next five years.
Europe is also expected to register significant growth in the future five years
due to high consumption of bakery product in the European countries. New market
players may focus on increasing the awareness about the product among the
consumers and aid the demands from cosmetic and personal care product industry,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based Global management consulting firm.
“Global
Banana Powder Market By Source (Organic, Conventional), By Process (Freeze
Dried, Spray Dried, Sun Dried, Drum Dried And Others), By Application
(Beverages, Feed Industry, Pet Food, Cosmetics, Household, Food Industry), By
Sales Channel (Direct Sales, Indirect Sales), By Region, Competition Forecast
& Opportunities, 2026”, has evaluated the
future growth potential of global banana powder and provides statistics &
information on market size, structure and future market growth. The report intends
to provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in global
banana powder market.
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