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Banana Powder Market Report and Forecast 2024-2032

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    Report

  • 175 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921404
According to the report, the global banana powder market grew substantially in 2023. Aided by the burgeoning demand for healthful food ingredients and the diversifying utilities of banana powder across myriad industries, the market is projected to further grow at a CAGR of 5.8% between 2024 and 2032 reaching a value of approximate USD 1.94 billion by 2032.

Banana powder is a yield derived from processed bananas and is increasingly gaining traction as a nutrient-dense food ingredient. Recognised for its high vitamin, mineral, and dietary fibre content, it has secured its position in various food products like baked goods, infant foods, sauces, and smoothies. Not just confined to its nutritional benefits, banana powder is also acclaimed for its superior thickening, water retention, and flavour-enhancing properties, making it a sought-after ingredient across food and beverage, cosmetics, pharmaceuticals, and animal feed sectors.

A driving force behind the global banana powder market growth is the surging consumer inclination towards health-enhancing food products. The enlightenment regarding the numerous health advantages of banana powder, such as aiding digestion, boosting immunity, and regulating blood pressure, has fuelled a paradigm shift towards its incorporation in daily diets. This is further accentuated by its rich potassium content, which resonates with consumers' growing health consciousness.

Moreover, the vast landscape of health and wellness has heightened the banana powder market demand. Fitness enthusiasts and athletes are progressively leaning towards this powder as an essential element in their protein shakes and recovery drinks, owing to its energy-boosting attributes and easily digestible nature. In addition to this, a gradual shift towards health and fitness is being witnessed in the urban and semi-urban areas.

Its broad-spectrum applications are undeniably playing a pivotal role in impacting the banana powder market outlook. Within the pharmaceutical domain, banana powder is esteemed for its antacid properties and is frequently used to counter gastric ulcers. The cosmetics sector, ever-evolving in its pursuit of natural ingredients, integrates banana powder in various products, leveraging its skin-rejuvenating and oil-absorbing characteristics, fundamental for the formulation of face masks, lotions, and foundations.

Furthermore, the escalating demand for convenient and nutritious food options, especially in the realm of baby food, has propelled banana powder to the fore. As parents globally seek out wholesome yet quick meal solutions for their infants, banana powder, with its natural sweetness and rich nutrient profile, stands out as an exemplary ingredient.

Market Segmentation

The market can be divided based on source, process type, sales channel, end use, and region.

Market Breakup by Source

  • Organic
  • Conventional

Market Breakup by Process Type

  • Freeze Dried
  • Spray Dried
  • Others

Market Breakup by Sales Channel

  • Direct sales
  • Indirect sales

Market Breakup by End Use

  • Food Industry
  • Feed Industry
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Banana Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Banana Powder Historical Market (2018-2023)
8.3 Global Banana Powder Market Forecast (2024-2032)
8.4 Global Banana Powder Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Banana Powder Market by Process Type
8.5.1 Freeze Dried
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Spray Dried
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Banana Powder Market by Sales Channel
8.6.1 Direct sales
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Indirect sales
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Banana Powder Market by End Use
8.7.1 Food Industry
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Feed Industry
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Banana Powder Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
12.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players Market Share
13.3 Company Profiles
13.3.1 Company Overview
13.3.2 Product Portfolio
13.3.3 Demographic Reach and Achievements
13.3.4 Financial Summary
13.3.5 Certifications
14 Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Project Details, Requirements and Costs Involved
2.1 Land Requirements and Expenditures
2.2 Construction Requirements and Expenditures
2.3 Plant Layout
2.4 Plant Machinery
2.5 Machinery Pictures
2.6 Raw Material Requirements and Expenditures
2.7 Raw Material and Final Product Pictures
2.8 Packaging Requirements and Expenditures
2.9 Transportation Requirements and Expenditures
2.10 Utility Requirements and Expenditures
2.11 Manpower Requirements and Expenditures
2.12 Other Capital Investments
3 Loans and Financial Assistance
3.1 Project Economics
3.2 Capital Cost of the Project
3.3 Techno-Economic Parameters
3.4 Product Pricing and Margins Across Various Levels of the Supply Chain
3.5 Taxation and Depreciation
3.6 Income Projections
3.7 Expenditure Projections
3.8 Financial Analysis
3.9 Profit Analysis
List of Key Figures and Tables
1. Global Banana Powder Market: Key Industry Highlights, 2018 and 2032
2. Global Banana Powder Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Banana Powder Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Banana Powder Historical Market: Breakup by Process Type (USD Million), 2018-2023
5. Global Banana Powder Market Forecast: Breakup by Process Type (USD Million), 2024-2032
6. Global Banana Powder Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
7. Global Banana Powder Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
8. Global Banana Powder Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Banana Powder Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Banana Powder Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Banana Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Banana Powder Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Banana Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Banana Powder Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Banana Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Banana Powder Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Banana Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Banana Powder Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Banana Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Banana Powder Market Structure

Methodology

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