Banana Powder Market - Forecast(2021 - 2026)

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Banana Powder Market Overview

Banana Powder Market size was estimated at $936.7 million in 2020, projected to grow at a CAGR of 5.1% during the forecast period 2021-2026. The Banana Powder industry has witnessed huge demand. Bananas are high in potassium, proteins, and vitamins, making them suitable for a balanced diet. They're high in vital nutrients and can help with digestion, heart health, and weight loss. It contains dietary riboflavin also known as vitamin B2 and antioxidants. They are also a very easy snack food, rich in carbohydrates in addition to being very nutritious. To prolong the shelf life of raw bananas, the water content is removed. Banana powder is made from bananas that have been processed. It's a natural food ingredient and is commonly used in milkshakes and baby foods. It's also used in the production of a variety of cakes and cookies. Because of its features and health benefits, it is commonly used in various end-use industries such as cosmetics, food and beverages, and so on. Banana powder aids in bone strength, digestion, nutrient absorption, and vision, as well as preventing dehydration, regulating blood pressure, and relaxing muscles. The banana powder contains dietary Riboflavin that is essential for the growth, development, and function of body cells. It also aids in the conversion of the food into the energy needs. Bananas, like other fruits and vegetables, are a healthy source of dietary antioxidants. Two types of strong antioxidants present in them are dopamine and catechins. Antioxidants have been linked to a number of health benefits, such as a reduced risk of heart failure and degenerative diseases. It's also very simple to use, with little to no product waste and residue. It can also be substituted for bananas in a number of recipes because it restores all of the essential nutrients and properties of the raw fruit. It also extends the shelf life and consumption of bananas thus lowering post-harvest losses. Aside from that, clinical trials are being carried out to see whether banana powder can be used in the pharmaceutical industry. However, as it is a natural food ingredient the market's growth is being hampered by the high maintenance requirements for its storage.

Report Coverage

The report: “Banana Powder Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Banana Powder Market.By Source: Organic, conventional.
By Process: Spray Dried, Freeze Dried, Sun Dried, Drum Dried and others.
By Application: Beverages, Feed Industry, Pet Food, Cosmetics, Household, Food Industry.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America), and Rest of the World (Middle East and Africa).

Key Takeaways

  • Bananas are rich in antioxidants that help minimize free radical damage and reduce the risk of certain diseases.
  • Its application in a variety of industries, from food and cosmetics to pharmaceuticals and feed, has prompted its development all over the world.
  • Owing to the rising consumer awareness of the health benefits of bananas and high banana production and consumption, Asia Pacific dominated the Banana Powder Market in 2020.
  • The market for banana powder is increasing owing to increasing demand in the cosmetics industry and rising customer health consciousness.

Banana Powder Market: Market Share (%) by Region, 2020
Banana Powder Market Share
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Banana Powder Market Segment Analysis – By Application

Based on Application, Banana Powder Market is segmented into Beverages, Feed Industry, Pet Food, Cosmetics, Household, and Food Industry. Food Industry segment is accounted for the largest revenue market share in 2020. This is majorly attributed to the widespread use of banana powder in drinks and baby food. Furthermore, since it is high in potassium and other essential nutrients, banana powder aids in the development of immunity in babies, which is contributing to the segment's growth. Their fiber and antioxidant content, among other things, helps to improve digestive and cardiovascular health. They also help you lose weight because they're low in calories and high in nutrients. The bananas are almost entirely made from water and carbohydrates, each having just about 105 calories. There is very little protein in bananas and almost no fat. The green unripe bananas contain mostly starch and resistant starch, but the starch transforms into sugar when the banana ripens (glucose, fructose and sucrose).Cosmetics segment predicted to grow with the fastest CAGR of 5.6% in the forecast period 2021-2026. The moisturizing properties, such as skin nourishment and relief from itching and irritation, have made it popular in the cosmetics industry. It is used to color correct and give the skin a warm glow, as well as to reduce shine, absorb excess oil, set makeup for longer wear, and minimize fine lines.

Banana Powder Market Segment Analysis – By Source:

Based on Source, Banana Powder Market is segmented into Organic, conventional. Conventional segment has accounted for the largest revenue market share in 2020. Organic bananas are one of the most commonly consumed crops on the planet. More than half of the bananas consumed in the United States come from Ecuador, India, or China. Organic methods depend solely on natural methods to promote plant growth and eradicate predatory insects, while conventional methods use synthetic fertilizers and pesticides. Although some people believe that organic bananas are more nutritious and contains good amount of dietary riboflavin and taste better than conventional bananas. A deficiency of dietary riboflavin can cause skin disturbance, sores in your mouth's corner, swollen and cracked lip, hair loss, sore throat and liver problems. Conventional segment is anticipated to grow with the fastest CAGR of 5.9% in the forecast period 2021-2026 owing to low cost and easily availability in the market. But Conventional bananas are sprayed with synthetic fertilizer, herbicides and a large number of other hazardous substances. This has a lasting impact on the product as it hits the market, but it also affects employees and the communities that surround the farms dramatically and often fatally. They are exposed directly to toxic chemicals and as a result, many cases of skin diseases and renal insufficiency have occurred.

Banana Powder Market Segment Analysis – By Geography

Based on Geography, Asia-Pacific Banana Powder Market accounted for the 40% revenue share in 2020. This is majorly attributed to the countries such as India, Australia and China are highly producing and eating banana fruits. For example, India is the largest banana producer followed by China, according to FAO documentation. The UN Food and Agriculture Organisation. Furthermore, between 2010 and 2017, India produced about 29 million tons each year, while China produced about 11 million tons each year. In the next few years, the European banana powder market is expected to represent a significant consumer share. North America is poised to grow with the fastest CAGR in the forecast period 2021-2026. As bakery products are highly consumed and the market for banana powder to produce baking products increases. Increased understanding of banana fruit's health benefits owing to its properties such as rich in fiber, antioxidants, carbohydrates, dietary riboflavin and increased demand for banana powder from the local cosmetics and care industry.

Banana Powder Market Segment Analysis - Drivers

Increasing Demand of Banana Powder in Cosmetics Industry:

A major contributor to this segment's growing demand for banana powder in the cosmetic industry. In addition, for all skin types banana can be used. A face mask will gently feed, purify, exfoliate and moisturize aging, skin acne aging, dry, and ordinary and mixed skin, with anti-aging and antioxidant properties. Bananas, also known as natural botoxes, have super-wrinkle nutrients which help to fade age spots and avoid developing fine lines and wrinkles. These are therefore the major advantages that will drive future banana powder demand, which increase banana powder market growth.

Banana Powder Market Segment Analysis-Challenges

Allergic Reactions by Banana:

The market growth is challenged by high maintenance requirements for storage. In addition, constant changes in raw material prices and additional banana powder calories leading to undesirable weights further limit its market development. Though it is a natural food ingredient, some individuals, however, may be allergic to banana use, and this, coupled with some product recalls, may impede the global demand for the powder of bananas. Most people consider bananas to be one of the first solid foods that a baby can feed. Some people may like, however, completely to avoid bananas. Banana allergies are also associated with an allergy to latex. It is due to the known allergy of some proteins in the rubber trees which make latex, and to proteins found in some nuts and fruit such as bananas. This condition, or latex fruit allergy, is known as latex-food syndrome.

Banana Powder Market Segment Landscape:

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Banana Powder Market. Banana Powder Market top 10 companies are Mevive International, Naturalin Bio-Resources Co. Ltd, Fyffes, Banana Link, Banatone Industries, Del Monte Fresh, Santhosh Food Products, Aarkay Food Products Ltd, NuNaturals Inc, Urban Platter, Babyvita India Food Products, Royal Nut Company.

Acquisitions/Product Launches:

  • In February, 2021, Fresh Del Monte Produce Inc announced a partnership with the Queensland Technology University (QUT) based in Brisbane, Australia, through its subsidiary Del Monte International GmbH to drive research towards developing disease-resistant bananas. This collaboration will aid in identifying new methods of cultivating Bananas, also known as Fusarium or Panama Disease, less vulnerable to Tropical Race 4 (TR4) and more sustainable to our food supply.

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1. Banana Powder Market- Overview
    1.1 Definitions and Scope
2. Banana Powder Market- Executive Summary
    2.1 Market Revenue, Size and Key Trends by Company
    2.2 Key trends by Source
    2.3 Key trends by Process
    2.4 Key trends by Application
    2.5 Key trends by Geography
3. Banana Powder Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Banana Powder Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Banana Powder Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Banana Powder Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Banana Powder Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Banana Powder Market– By Source (Market Size –$Million/$Billion)
    8.1 Organic
    8.2 Conventional
9. Banana Powder Market– By Process (Market Size –$Million/$Billion)
    9.1 Spray Dried
    9.2 Freeze Dried
    9.3 Sun Dried
    9.4 Drum Dried
    9.5 Others
10. Banana Powder Market– By Application(Market Size –$Million/$Billion)
    10.1 Beverage
    10.2 Feed Industry
    10.3 Pet Food
    10.4 Cosmetics
    10.5 Household
    10.6 Food Industry
11. Banana Powder Market- By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Banana Powder Market- Entropy
13. Banana Powder Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Banana Powder Market– Key Company List by Country Premium Premium
15. Banana Powder Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis

LIST OF TABLES

1.Global BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
1.1 ONLINE RETAIL Market 2019-2024 ($M) - Global Industry Research
1.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Global Industry Research
1.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Global Industry Research
1.4 CONVENIENCE STORES Market 2019-2024 ($M) - Global Industry Research
2.Global BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
2.1 ONLINE RETAIL Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 DEPARTMENTAL STORES Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 CONVENIENCE STORES Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
3.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
3.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
3.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
3.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
4.South America BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
4.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
4.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
4.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
4.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
5.Europe BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
5.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
5.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
5.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
5.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
6.APAC BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
6.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
6.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
6.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
6.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research
7.MENA BANANA POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
7.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
7.2 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
7.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
7.4 CONVENIENCE STORES Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Banana Powder Market Revenue, 2019-2024 ($M)
2.Canada Banana Powder Market Revenue, 2019-2024 ($M)
3.Mexico Banana Powder Market Revenue, 2019-2024 ($M)
4.Brazil Banana Powder Market Revenue, 2019-2024 ($M)
5.Argentina Banana Powder Market Revenue, 2019-2024 ($M)
6.Peru Banana Powder Market Revenue, 2019-2024 ($M)
7.Colombia Banana Powder Market Revenue, 2019-2024 ($M)
8.Chile Banana Powder Market Revenue, 2019-2024 ($M)
9.Rest of South America Banana Powder Market Revenue, 2019-2024 ($M)
10.UK Banana Powder Market Revenue, 2019-2024 ($M)
11.Germany Banana Powder Market Revenue, 2019-2024 ($M)
12.France Banana Powder Market Revenue, 2019-2024 ($M)
13.Italy Banana Powder Market Revenue, 2019-2024 ($M)
14.Spain Banana Powder Market Revenue, 2019-2024 ($M)
15.Rest of Europe Banana Powder Market Revenue, 2019-2024 ($M)
16.China Banana Powder Market Revenue, 2019-2024 ($M)
17.India Banana Powder Market Revenue, 2019-2024 ($M)
18.Japan Banana Powder Market Revenue, 2019-2024 ($M)
19.South Korea Banana Powder Market Revenue, 2019-2024 ($M)
20.South Africa Banana Powder Market Revenue, 2019-2024 ($M)
21.North America Banana Powder By Application
22.South America Banana Powder By Application
23.Europe Banana Powder By Application
24.APAC Banana Powder By Application
25.MENA Banana Powder By Application
26.AARKAY FOOD PRODUCTS LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.NUTRYTTIVA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SAIPRO BIOTECH PRIVATE LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.URBAN PLATTER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.BANATONE FOOD INDUSTRIES KOCHUVELI, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BABYVITA INDIA FOOD PRODUCTS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.NATURAL EVOLUTION LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NUNATURALS INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.ROYAL NUT COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.MANNA FOODS, Sales /Revenue, 2015-2018 ($Mn/$Bn)