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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