The global banana powder market size reached US$ 1,228.5 Million in 2023 to reach US$ 2,145.2 Million by 2032 at a CAGR of 6.2% during 2024-2032.

NEW YORK, NY, UNITED STATES, September 17, 2024 /EINPresswire.com/ -- 𝐁𝐚𝐧𝐚𝐧𝐚 𝐏𝐨𝐰𝐝𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝗦𝘂𝗺𝗺𝗮𝗿𝘆:
• The global banana powder market size reached US$ 1,228.5 Million in 2023.
• The market is expected to reach US$ 2,145.2 Million by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
• North America leads the market, accounting for the largest banana powder market share.
• The food industry accounts for the majority of the market share in the end use segment due to its nutritional benefits and natural sweetness.
• The rise in demand for healthy food options is a primary driver of the banana powder market.
• The increasing product use in cosmetics and personal care industry is reshaping the banana powder market.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: The rising awareness of the importance of healthy eating is driving the market growth. moreover, the increasing consumers shift towards natural, nutrient-rich foods, boosting the adoption of banana powder as it is known for its high potassium and dietary fiber content, is catalyzing the market growth. Additionally, the growing product utilization as an ingredient in health-focused products such as smoothies, protein shakes, and energy bars is favoring the market growth. Apart from this, the growing preference for clean-label products, which avoid artificial additives, propelling the demand for banana powder is contributing to the market growth. It is considered a natural ingredient that enhances nutritional value and provides natural sweetness, thereby reducing the need for added sugars.

𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗨𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: The increasing application of banana powder in cosmetics and personal care industry is fueling the market growth. Moreover, the growing product popularity owing to its natural antioxidant properties is enhancing the market growth. Besides this, the widespread demand for banana powder in face masks, moisturizers, and anti-aging creams due to its hydrating and rejuvenating qualities is acting as a growth-inducing factor. Moreover, the rising popularity of natural and organic cosmetics, fueling the adoption of banana powder as consumers prefer plant-based ingredients over synthetic chemicals is bolstering the market growth. Additionally, banana powder’s ability to absorb excess oil while maintaining skin moisture makes it a popular choice in makeup products like loose face powders.

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 : The growing application of banana powder in the food and beverage (F&B) industry is creating a positive outlook for the market. It serves as a key ingredient in bakery products, baby food, and instant mixes. Moreover, the widespread product demand in the bakery sector to add natural sweetness, texture, and flavor to cakes, muffins, and cookies, is fostering the market growth. Additionally, the heightened utilization of banana powder in baby food segment owing to its easy digestibility and high nutrient content is catalyzing the market growth. Additionally, the increasing demand for convenient and healthy food options, as consumers turn to plant-based and gluten-free options, is fueling the market growth.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗰𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/banana-powder-manufacturing-plant/requestsample

𝐁𝐚𝐧𝐚𝐧𝐚 𝐏𝐨𝐰𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:

• Food Industry
• Feed Industry
• Others

The food industry account for the majority of shares as it extensively uses banana powder in products, such as bakery items, baby food, and beverages.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America holds the leading position owing to a large market for banana powder driven by strong demand for health-conscious and organic food products, advanced food processing sector, and high consumer purchasing power.

𝗧𝗼𝗽 𝗕𝗮𝗻𝗮𝗻𝗮 𝗣𝗼𝘄𝗱𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗟𝗲𝗮𝗱𝗲𝗿𝘀:

The banana powder market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:

• Chiquita Brands International Sàrl
• Fresh Del Monte Produce Inc.
• Dole plc
• Fyffes plc (Sumitomo Corporation)
• GRUPO JUGAL Inc.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝗧𝗢𝗖 & 𝗟𝗶𝘀𝘁 𝗼𝗳 𝗙𝗶𝗴𝘂𝗿𝗲𝘀: https://www.imarcgroup.com/request?type=report&id=542&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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IMARC Services Private Limited
+ +1 631-791-1145
email us here

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