Bananas represent the world’s most consumed fresh fruit and the fourth most important food crop in terms of the gross value of production. Unlike raw bananas, banana powder has a shelf-life of almost two years when stored in a cold storage facility in the absence of oxygen. It finds applications in various industries ranging from cosmetics and food to pharmaceutical and feed industries, which has encouraged its production across the globe.
Banana powder helps to strengthen bones, improve digestion, nutrition absorption and vision, prevent dehydration, regulate blood pressure and relax muscles. In addition, it is highly convenient to use, which leads to low to no product wastage and residue after usage. Moreover, as it restores all the essential nutrients and properties of the raw fruit, it is employed in various recipes in place of bananas. It also helps in increasing the shelf life and utilization of bananas and reduces post-harvesting losses. Apart from this, clinical trials are being conducted to establish the usage of banana powder in the pharmaceutical industry.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global banana powder market report, along with forecasts at the global and regional level from 2023-2028. The report has categorized the market based on end use.Breakup by End Use:
- Food Industry
- Feed Industry
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Competitive Landscape:
The market is highly fragmented with the presence of a large number of small and large players who compete in terms of prices and quality. Some of the leading players operating in the market are:- Chiquita Brands International Sàrl
- Fresh Del Monte Produce Inc.
- Dole Food Company, Inc.
- Fyffes plc
- Grupo Noboa S.A.
Key Questions Answered in This Report
1. What was the size of the global banana powder market in 2022?2. What is the expected growth rate of the global banana powder market during 2023-2028?
3. What are the key factors driving the global banana powder market?
4. What has been the impact of COVID-19 on the global banana powder market?
5. What is the breakup of the global banana powder market based on the end use?
6. What are the key regions in the global banana powder market?
7. Who are the key players/companies in the global banana powder market?
Table of Contents
Companies Mentioned
- Chiquita Brands International Sàrl
- Fresh Del Monte Produce Inc.
- Dole Food Company Inc.
- Fyffes plc
- Grupo Noboa S.A.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 1147 Million |
Forecasted Market Value ( USD | $ 1731.1 Million |
Compound Annual Growth Rate | 7.1% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |