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The global banana powder market was valued at US$ 1,070 Million in 2021.
We expect the global banana powder market to exhibit a CAGR of 7.3% during 2022-2027.
The expanding food and beverages sector, coupled with the increasing utilization of banana powder in
preparing smoothies, pancakes, breads, etc., is currently driving the global banana powder market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
Based on the end use, the global banana powder market can be segmented into food industry, feed
industry, and others. Currently, the food industry holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, South
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global banana powder market include Chiquita Brands International
Sàrl, Fresh Del Monte Produce Inc., Dole Food Company, Inc., Fyffes plc, Grupo Noboa S.A., etc.
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