Banana Powder Market Report 2026

The banana powder market size has grown strongly in recent years. It will grow from $1.3 billion in 2025 to $1.39 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of banana cultivation in tropical regions, adoption of food drying technologies, rising demand for processed fruit ingredients, availability of raw banana supply, growth of packaged food manufacturing.

The banana powder market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for functional food ingredients, expansion of online food ingredient sales, rising use in cosmetics and personal care products, advancements in drying and processing techniques, growing demand for natural sweeteners and flavors. Major trends in the forecast period include increasing use of freeze-dried banana powder, rising demand for natural food ingredients, growing adoption of clean-label fruit powders, expansion of banana powder in nutritional products, enhanced focus on shelf-life and quality preservation.

The growth of the food and beverage sector is expected to drive the expansion of the banana powder market in the coming years. The food and beverage sector includes all businesses involved in the production, processing, distribution, and sale of food and drinks for human consumption. Demand in this sector is influenced by factors such as consumer pricing pressures, economic stability, and increased emphasis on food transparency. Companies in the sector often highlight nutritional benefits to attract health-conscious consumers. Banana powder is rich in essential nutrients, including potassium, fiber, and vitamins, and can serve as a natural alternative to artificial sweeteners and flavorings. For example, in September 2024, the U.S. Bureau of Labor Statistics (BLS) reported that spending on food accounted for 12.9% of total expenditures, marking a 6.9% increase in 2023 following a 12.7% rise in 2022. Growth was driven by higher costs in both food purchased for home consumption, which rose 6.1%, and food consumed away from home, which increased by 8.1%. Therefore, the expansion of the food and beverage sector is propelling the banana powder market.

Key companies in the banana powder market are focusing on functional, clean-label ingredients such as green banana powder to enhance digestive health, nutritional value, and clean-label positioning. Green banana powder is made from peeled, dried green bananas and is rich in prebiotic resistant starch and dietary fiber, supporting beneficial gut bacteria, moderating post-meal blood glucose, and serving as a substitute for refined flours in high-fiber, gluten-free formulations. For instance, in April 2025, Terova Inc., a US-based sustainable food ingredient company, launched NuBana green banana powder, a prebiotic ingredient designed for use in food, beverages, and nutraceuticals. NuBana features high resistant starch levels, a neutral taste with low sugar, and versatility across applications such as snacks, baked goods, smoothies, and meal replacement drinks. It supports gut health, better blood sugar management, and satiety, while enabling manufacturers to create high-fiber, gluten-free, clean-label products and contributing to sustainability through the upcycling of green bananas.

In February 2025, Givaudan S.A., a Switzerland-based flavor and wellbeing company, partnered with Dole Asia Holdings to integrate upcycled green banana powder into Givaudan’s Sense Texture solutions for food and beverage applications. Through this collaboration, Givaudan and Dole Asia Holdings aim to provide a natural, clean-label texturizing ingredient that improves formulation efficiency, supports fiber-rich products made from recognizable ingredients, and enhances sustainability by upcycling surplus green bananas to reduce food waste. Dole Asia Holdings Pte. Ltd., based in Singapore, specializes in producing upcycled tropical fruit ingredients, including green banana powder.

Major companies operating in the banana powder market are Kanegrade Limited, Vinayak Ingredients Pvt Ltd, Santosh Food Products, National Food N Spices, Naturalin Bio-Resources Co Ltd, Safety Foods Pvt Ltd, NuNaturals Inc, Naturya, Biovitals Ingredients, 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, Taj Agro International, AayurMed Biotech Pvt Ltd, Coliman Group, GRUPO JUGAL Inc, Jain Farm Fresh Foods Ltd, Swastik Foods, Paradise Fruits Solutions GmbH, Van Drunen Farms.

North America was the largest region in the banana powder market in 2025. 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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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.

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