Banana Powder Global Market Report 2024

Description

Banana powder is a derived product from bananas, usually produced by drying ripe bananas and finely grinding them into a powder form. This process preserves much of the nutritional content and flavor found in fresh bananas, including essential vitamins, minerals, and dietary fiber. It serves as a natural ingredient in a variety of food and beverage products, including nutritional supplements.

The primary methods of processing banana powder include freeze-dried, spray-dried, sun-dried, drum-dried, and others. Freeze-dried banana powder is created by freezing the fruit and subsequently extracting moisture through a process known as sublimation. These products are available through various distribution channels such as supermarkets, convenience stores, and online platforms, and find applications across multiple industries including the food industry, cosmetics, beverages, pet food and feed, as well as household applications.

The banana powder market research report is one of a series of new reports from The Business Research Company that provides banana powder market statistics, including banana powder industry global market size, regional shares, competitors with a banana powder market share, detailed banana powder market segments, market trends and opportunities, and any further data you may need to thrive in the banana powder industry. This banana powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The banana powder market size has grown strongly in recent years. It will grow from $1.13 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The expansion observed in the historical period can be attributed to several factors, including the increasing demand for natural food products, the rise in popularity of vegan and plant-based diets, and the growing market for infant food products.

The banana powder market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be attributed to several factors, including increasing health consciousness among consumers, a growing population embracing vegan lifestyles, ongoing innovation in product development, diversification in end-use applications, and rising demand for functional foods. Major trends expected in this period include the adoption of sustainable practices across the industry, expanded applications in functional foods and beverages, innovation in flavor profiles, the popularity of clean label products, and the emergence of functional snacking options.

The anticipated growth in the food and beverage sector is poised to drive the expansion of the banana powder market in the foreseeable future. The food and beverage sector encompasses a wide range of businesses involved in the production, processing, distribution, and sale of food and drinks for human consumption. Factors such as consumer pricing pressures, economic stability, and increased demands for food transparency contribute to the rising demand in this sector. Banana powder, rich in essential components such as potassium, fiber, and vitamins, is increasingly recognized as a natural substitute for artificial sweeteners and flavorings, appealing to health-conscious consumers. Data from the Department for Environment, Food, and Rural Affairs in February 2024 indicates substantial growth in the gross value added (GVA) of the food sector, reaching $130 billion in 2021, reflecting an increase of 12.3% since 2020. This growth underscores the significant momentum behind the food and beverage sector, which is propelling the banana powder market forward.

Leading companies in the banana powder market are directing their efforts towards developing innovative products to cater to consumer demands for health benefits. Banana powder is finding applications beyond traditional usage, such as in eye creams formulated to offer skincare benefits. Eye creams are specialized skincare products designed to address specific issues around the delicate eye area. For example, Ole Henriksen Skincare introduced the Banana Bright+ Eye Creme! in July 2022, incorporating light-reflecting yellow mineral pigments inspired by banana powder. These pigments instantly brighten the under-eye area, providing immediate illumination and a refreshed appearance. Ole Henriksen Skincare's formulation utilizes advancements in vitamin C technology to enhance brightness and smoothness, offering consumers a vegan and fragrance-free solution with potent vitamin C complexes.

Innovative solutions such as banana-powdered supplements are being introduced by major players in the banana powder market to gain a competitive edge. These supplements, derived from processed bananas in powdered form, offer nutritional benefits and versatility in usage. For instance, Banana Feeds Australia launched the BEE-COMPLETE powder in 2021, specifically formulated as a dietary supplement for bee colonies. Made from whole-dried green bananas, this natural supplement aims to enhance the health and performance of bee colonies involved in honey production and pollination services. By maximizing the nutritional benefits of green bananas, including the pulp, peel, stem, and flower ends, Banana Feeds Australia provides beekeepers with an effective solution to support bee hive health and productivity.

Major companies operating in the banana powder market are Corteva Inc., Fresh Del Monte Produce Inc., Chiquita Brands International Sarl, Dole plc, Taj Agro International, Kanegrade Limited, Vinayak Ingredients Pvt. Ltd., Santosh Food Products, Nutraceuticals International Group, National Food N Spices, Naturalin Bio-Resources Co. Ltd., Safety Foods Pvt Ltd., NuNaturals Inc., Naturya, Biovitals Ingredients, AayurMed Biotech Pvt. Ltd., Coliman Group, Mevive International, Cool Milling Ventures Corporation, Banatone Industries, Aarkay Food Products Ltd., Saipro Biotech Pvt. Ltd., Perennial Lifesciences Private Limited, Royal Nut Company, Varmora Food Pvt Ltd., Sumitomo Corporation, GRUPO JUGAL Inc.

North America was the largest region in the banana powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the banana powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the banana powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The banana powder market consists of sales of banana powder extracts, banana leaves, banana peel, organic banana powder, and baby food. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Process: Freeze Dried; Spray Dried; Sun Dried; Drum Dried
2) By Distribution Channel: Supermarkets; Convenience Stores; Online Stores
3) By Application: Food Industry; Cosmetics; Beverages; Pet Food And Feed; Household
Covering: Corteva Inc.; Fresh Del Monte Produce Inc.; Chiquita Brands International Sarl; Dole plc; Taj Agro International

Product Code: r17291

1. Executive Summary

2. Banana Powder Market Characteristics

3. Banana Powder Market Trends And Strategies

4. Banana Powder Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Banana Powder Market Size and Growth

5.1. Global Banana Powder Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Banana Powder Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Banana Powder Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Banana Powder Market Segmentation

6.1. Global Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Freeze Dried
Spray Dried
Sun Dried
Drum Dried
Other Processes
6.2. Global Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarkets
Convenience Stores
Online Stores
6.3. Global Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food Industry
Cosmetics
Beverages
Pet Food And Feed
Household

7. Banana Powder Market Regional And Country Analysis

7.1. Global Banana Powder Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Banana Powder Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Banana Powder Market

8.1. Asia-Pacific Banana Powder Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Banana Powder Market

9.1. China Banana Powder Market Overview
9.2. China Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Banana Powder Market

10.1. India Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Banana Powder Market

11.1. Japan Banana Powder Market Overview
11.2. Japan Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Banana Powder Market

12.1. Australia Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Banana Powder Market

13.1. Indonesia Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Banana Powder Market

14.1. South Korea Banana Powder Market Overview
14.2. South Korea Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Banana Powder Market

15.1. Western Europe Banana Powder Market Overview
15.2. Western Europe Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Banana Powder Market

16.1. UK Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Banana Powder Market

17.1. Germany Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Banana Powder Market

18.1. France Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Banana Powder Market

19.1. Italy Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Banana Powder Market

20.1. Spain Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Banana Powder Market

21.1. Eastern Europe Banana Powder Market Overview
21.2. Eastern Europe Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Banana Powder Market

22.1. Russia Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Banana Powder Market

23.1. North America Banana Powder Market Overview
23.2. North America Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Banana Powder Market

24.1. USA Banana Powder Market Overview
24.2. USA Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Banana Powder Market

25.1. Canada Banana Powder Market Overview
25.2. Canada Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Banana Powder Market

26.1. South America Banana Powder Market Overview
26.2. South America Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Banana Powder Market

27.1. Brazil Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Banana Powder Market

28.1. Middle East Banana Powder Market Overview
28.2. Middle East Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Banana Powder Market

29.1. Africa Banana Powder Market Overview
29.2. Africa Banana Powder Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Banana Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Banana Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Banana Powder Market Competitive Landscape And Company Profiles

30.1. Banana Powder Market Competitive Landscape
30.2. Banana Powder Market Company Profiles
- 30.2.1. Corteva Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Fresh Del Monte Produce Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Chiquita Brands International Sarl
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Dole plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Taj Agro International
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Banana Powder Market Other Major And Innovative Companies

31.1. Kanegrade Limited
31.2. Vinayak Ingredients Pvt. Ltd.
31.3. Santosh Food Products
31.4. Nutraceuticals International Group
31.5. National Food N Spices
31.6. Naturalin Bio-Resources Co. Ltd.
31.7. Safety Foods Pvt Ltd.
31.8. NuNaturals Inc.
31.9. Naturya
31.10. Biovitals Ingredients
31.11. AayurMed Biotech Pvt. Ltd.
31.12. Coliman Group
31.13. Mevive International
31.14. Cool Milling Ventures Corporation
31.15. Banatone Industries

32. Global Banana Powder Market Competitive Benchmarking

33. Global Banana Powder Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Banana Powder Market

35. Banana Powder Market Future Outlook and Potential Analysis

35.1 Banana Powder Market In 2028 - Countries Offering Most New Opportunities
35.2 Banana Powder Market In 2028 - Segments Offering Most New Opportunities
35.3 Banana Powder Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer