Banana powder is produced from processing raw banana through various processes such as freeze dried, spray dried, and sun dried. Banana powder offers various health benefits, such as it helps to balances blood-sugar levels and weight-loss. These benefits of banana powder are attracting health-conscious consumers towards the banana powder enrich products. Banana powder is used in various applications such as food, cosmetics, pharmaceuticals, and animal feed, among others to enhance the nutrition value of the products.
MARKET DYNAMICS
The banana powder market has witnessed significant growth owing to factors such as an increase in disposable income and expenditure of consumers in developed and developing countries, which results in higher purchasing power. Moreover, rising awareness among the consumer about health benefits associated with the consumption of banana powder enrich products and increasing demand form the cometic industry is boosting the banana powder market over the forecast period. However, fluctuating prices of raw material such as is projected to hamper the market growth over the forecast period.
MARKET SCOPE
The "Global Banana Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the banana powder market with detailed market segmentation by process, source, application, distribution channel and geography. The global banana powder market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading banana powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global banana powder market is segmented on the basis of process, source, application and distribution channel. On the basis of process, the banana powder market is segmented into freeze dried, spray dried, sun dried, and others. The banana powder market on the basis of the source is classified into organic and conventional. Based on application the market is bifurcated into, food, cosmetics, pharmaceuticals, animal feed and others. Similarly, on the basis of distribution channel the banana powder market is bifurcated into direct sales and indirect sales.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global banana powder market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The banana powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the banana powder market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the banana powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the banana powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from banana powder market are anticipated to lucrative growth opportunities in the future with the rising demand for Banana powder in the global market. Below mentioned is the list of few companies engaged in the Banana powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the banana powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aarkay Food Products Ltd
- Dr Food and Banatone Industries
- Mevive International Food Ingredients
- National Food 'n' Spices
- Naturalin Bio-Resources Co., Ltd
- PENTA PURE FOODS
- Saipro Biotech Private Limited.
- Santosh Food Products
- Taj Agro International
- Vinayak Ingredients India Pvt Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.