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Banana Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Banana Powder Market Outlook 2022-2027:

The global banana powder market reached a value of US$ 1,070 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,651 Million by 2027, exhibiting at a CAGR of 7.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on end use.

Breakup by End Use:

 

 
 

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  • 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.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million, ‘000 Tons
Segment Coverage End Use, Region
Region Covered  Asia Pacific, Europe, North America, South America, Middle East and Africa
Companies Covered Chiquita Brands International Sàrl, Fresh Del Monte Produce Inc., Dole Food Company, Inc., Fyffes plc and Grupo Noboa S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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   Competitive 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), 2016-2021
Figure 3: Global: Banana Market: Production Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Banana Market: Average Prices (in US$/ Ton), 2016 - 2027
Figure 5: Global: Banana Production Breakup by Region (in %), 2021
Figure 6: Global: Banana Market Forecast: Production Volume Trends (in Million Tons), 2022-2027
Figure 7: Global: Banana Market Forecast: Production Value Trends (in Billion US$), 2022-2027
Figure 8: Global: Banana Powder Market: Production Volume Trends (in ‘000 Tons), 2016-2021
Figure 9: Global: Banana Powder Market: Production Value Trends (in Million US$), 2016-2021
Figure 10: Global: Banana Powder Market: Average Prices (in US$/ Ton), 2016-2021
Figure 11: Global: Banana Powder Market Forecast: Average Prices (in US$/ Ton), 2022-2027
Figure 12: Banana Powder Market: Price Structure (in US$/ Ton)
Figure 13: Global: Banana Powder Market: Breakup by End Use (in %), 2021
Figure 14: Global: Banana Powder Market: Breakup by Region (in %), 2021
Figure 15: Global: Banana Powder Market Forecast: Production Volume Trends (in ‘000 Tons), 2022-2027
Figure 16: Global: Banana Powder Market Forecast: Production Value Trends (in Million US$), 2022-2027
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), 2016 & 2021
Figure 21: North America: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 22: Asia Pacific: Banana Powder Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 23: Asia Pacific: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 24: Europe: Banana Powder Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 25: Europe: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 26: South America: Banana Powder Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 27: South America: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 28: Middle East and Africa: Banana Powder Market: Production Volume (in ‘000 Tons), 2016 & 2021
Figure 29: Middle East and Africa: Banana Powder Market Forecast: Production Volume (in ‘000 Tons), 2022-2027
Figure 30: Global: Banana Powder Market: Food Industry (in ‘000 Tons), 2016 & 2021
Figure 31: Global: Banana Powder Market Forecast: Food Industry (in ‘000 Tons), 2022-2027
Figure 32: Global: Banana Powder Market: Feed Industry (in ‘000 Tons), 2016 & 2021
Figure 33: Global: Banana Powder Market Forecast: Feed Industry (in ‘000 Tons), 2022-2027
Figure 34: Global: Banana Powder Market: Other Industries (in ‘000 Tons), 2016 & 2021
Figure 35: Global: Banana Powder Market Forecast: Other Industries (in ‘000 Tons), 2022-2027
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, 2021 and 2027
Table 2: Global: Banana Powder Market: Key Industry Highlights, 2021 and 2027
Table 3: Global: Banana Powder Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 4: Global: Banana Powder Market Forecast: Breakup by End Use (in ‘000 Tons), 2022-2027
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$)


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Key Questions Answered in This Report

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
banana powder.

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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