Summary

Banana Powder Market Outlook 2023-2028:

The global banana powder market size reached US$ 1,147.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,731.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

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:
IMARC Group 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. Our report has categorized the market based on end use.

Breakup by End Use:


Food Industry
Feed Industry
Others

Based on the end use, the report finds that the food industry represents the largest segment as banana powder is widely used in the food industry to prepare infant, puffed and cold/frozen food products, seasonings, solid beverages and cakes.

Regional Insights:

North America
Asia Pacific
Europe
South America
Middle East and Africa

Region-wise, North America enjoys the leading position in the market. As the climatic conditions are not favorable and the local production does not meet the domestic demand, the region imports large quantities of bananas from South American countries to produce banana powder.

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?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Banana Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Production Volume Trends
5.2.2 Production Value Trends
5.3 Price Trends
5.4 Market Breakup by Region
5.5 Market Forecast
6 Global Banana Powder Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by End Use
6.6 Market Forecast
6.7 SWOT Analysis
6.7.1 Overview
6.7.2 Strengths
6.7.3 Weaknesses
6.7.4 Opportunities
6.7.5 Threats
6.8 Value Chain Analysis
6.8.1 Input Suppliers
6.8.2 Farmers
6.8.3 Collectors
6.8.4 Processors
6.8.5 Distributors
6.8.6 Exporters
6.8.7 Retailers
6.8.8 End-Users
6.9 Porter’s Five Forces Analysis
6.9.1 Overview
6.9.2 Bargaining Power of Buyers
6.9.3 Bargaining Power of Suppliers
6.9.4 Degree of Competition
6.9.5 Threat of New Entrants
6.9.6 Threat of Substitutes
6.10 Key Market Drivers and Success Factors
7 Performance of Key Regions
7.1 North America
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Asia Pacific
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 South America
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market by End Use
8.1 Food Industry
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Feed Industry
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Market Breakup by Key Players
10 Banana Powder Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Layout
11.4 Plant Machinery
11.5 Machinery Pictures
11.6 Raw Material Requirements and Expenditures
11.7 Raw Material and Final Product Pictures
11.8 Packaging Requirements and Expenditures
11.9 Transportation Requirements and Expenditures
11.10 Utility Requirements and Expenditures
11.11 Manpower Requirements and Expenditures
11.12 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
 
List of Figures

Figure 1: Global: Banana Powder Market: Major Drivers and Challenges
Figure 2: Global: Banana Market: Production Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Banana Market: Production Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Banana Market: Average Prices (in US$/ Ton), 2017-2028
Figure 5: Global: Banana Production Breakup by Region (in %), 2022
Figure 6: Global: Banana Market Forecast: Production Volume Trends (in Million Tons), 2023-2028
Figure 7: Global: Banana Market Forecast: Production Value Trends (in Billion US$), 2023-2028
Figure 8: Global: Banana Powder Market: Production Volume Trends (in ‘000 Tons), 2017-2022
Figure 9: Global: Banana Powder Market: Production Value Trends (in Million US$), 2017-2022
Figure 10: Global: Banana Powder Market: Average Prices (in US$/ Ton), 2017-2022
Figure 11: Global: Banana Powder Market Forecast: Average Prices (in US$/ Ton), 2023-2028
Figure 12: Banana Powder Market: Price Structure
Figure 13: Global: Banana Powder Market: Breakup by End Use (in %), 2022
Figure 14: Global: Banana Powder Market: Breakup by Region (in %), 2022
Figure 15: Global: Banana Powder Market Forecast: Production Volume Trends (in ‘000 Tons), 2023-2028
Figure 16: Global: Banana Powder Market Forecast: Production Value Trends (in Million US$), 2023-2028
Figure 17: Global: Banana Powder Industry: SWOT Analysis
Figure 18: Global: Banana Powder Industry: Value Chain Analysis
Figure 19: Global: Banana Powder Industry: Porter’s Five Forces Analysis
Figure 20: North America: Banana Powder Market: Production Volume (in ‘000 Tons), 2017 & 2022
Figure 21: North America: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2023-2028
Figure 22: Asia Pacific: Banana Powder Market: Production Volume (in ‘000 Tons), 2017 & 2022
Figure 23: Asia Pacific: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2023-2028
Figure 24: Europe: Banana Powder Market: Production Volume (in ‘000 Tons), 2017 & 2022
Figure 25: Europe: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2023-2028
Figure 26: South America: Banana Powder Market: Production Volume (in ‘000 Tons), 2017 & 2022
Figure 27: South America: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2023-2028
Figure 28: Middle East and Africa: Banana Powder Market: Production Volume (in ‘000 Tons), 2017 & 2022
Figure 29: Middle East and Africa: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2023-2028
Figure 30: Global: Banana Powder Market: Food Industry (in ‘000 Tons), 2017 & 2022
Figure 31: Global: Banana Powder Market Forecast: Food Industry (in ‘000 Tons), 2023-2028
Figure 32: Global: Banana Powder Market: Feed Industry (in ‘000 Tons), 2017 & 2022
Figure 33: Global: Banana Powder Market Forecast: Feed Industry (in ‘000 Tons), 2023-2028
Figure 34: Global: Banana Powder Market: Other Industries (in ‘000 Tons), 2017 & 2022
Figure 35: Global: Banana Powder Market Forecast: Other Industries (in ‘000 Tons), 2023-2028
Figure 36: Banana Powder Manufacturing Plant: Detailed Process Flow
Figure 37: Banana Powder Manufacturing Process: Conversion Rate of Feedstocks
Figure 38: Banana Powder Manufacturing Plant: Proposed Plant Layout
Figure 39: Banana Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 40: Banana Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 41: Banana Powder Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Banana Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Banana Powder Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Banana Powder Market Forecast: Breakup by Region (in ‘000 Tons), 2023-2028
Table 4: Global: Banana Powder Market Forecast: Breakup by End Use (in ‘000 Tons), 2023-2028
Table 5: Global: Banana Trade: Competitive Structure
Table 6: Global: Banana Trade: Breakup by Players (In %)
Table 7: Banana Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Banana Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Banana Powder Manufacturing Plant: Costs Related to Machinery (in US$)
Table 10: Banana Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 11: Banana Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: Banana Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Banana Powder Manufacturing Plant: Details of Financial Assistance Offered by Financial Institutions
Table 14: Banana Powder Manufacturing Plant: Capital Costs (in US$)
Table 15: Banana Powder Manufacturing Plant: Techno-Economic Parameters
Table 16: Banana Powder Manufacturing Plant: Taxation and Depreciation (in US$)
Table 17: Banana Powder Manufacturing Plant: Income Projections (in US$)
Table 18: Banana Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Banana Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 20: Banana Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 21: Banana Powder Manufacturing Plant: Profit and Loss Account (in US$)