Banana Powder Prices

Banana Powder Prices December 2023

The price of banana powder in the USA for Q4 2023 reached 5067 USD/MT.

The price for banana powder in the Philippines amounted to 2813 USD/MT in December 2023. 

In Germany, the banana powder prices were 5405 USD/MT during December 2023.    

Banana Powder Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Banana Powder Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of banana powder pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of banana powder at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of banana powder price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing banana powder price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Banana Powder Market Analysis

The global banana powder market size reached US$ 1,228.50 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 2,145.20 Million, at a projected CAGR of 6.20% during 2023-2032.

• The growing awareness regarding the health benefits related to banana powder consumption, including high levels of potassium and vitamins, and an increased affinity for naturally and organically produced food products is increasing the product demand.
• The rapid utilization of banana powder as an ingredient in smoothies, baby foods, and confectionery due to its high nutritional content value and natural sweetness is fueling the market growth.
• The demand for healthy, easy-to-digest food products is growing significantly. Coupled with this, its application in a baby food formula is also augmenting due to banana powder being a good source of vital nutrients, thus favoring the market.
• Considerable rise in the diagnosis rates of gluten intolerance and celiac disease is also significantly supporting the market. The demand for gluten-free options is always high for such niche markets. Since banana powder is a popular gluten-free ingredient, this is resulting in an increased uptake of the product.
• Food processing advancements are improving product quality and making banana powder shelf life better. The technical development is making this product attractive, and at the same time, banana powder is being popularized among the masses.
• A major trend across functional foods includes delivering value-added benefits in addition to the basic nutrients. Thus, banana powder has been positioning itself as a functional manufacturer of supportive digestive help; hence, it has become popular among consumers.
• The vegan growing population among vegetarians is accelerating the demand for plant-based food products. Banana powder features as part of the ingredients within various vegan menus. Banana powder is thus responsible for the growth of vegan and food products, further propelling the market.
• The growing popularity of online platforms among consumers and the easy accessibility of banana powder products across e-commerce and quick commerce platforms are creating a positive market outlook.
• The claimed antioxidant property of this powder makes it a potential ingredient in the cosmetics and self-care sectors. Thus, the escalating product applications in face masks and hair treatments equipping this powder are positively influencing the industry.

Banana Powder News

The report covers the latest developments, updates, and trends impacting the global banana powder market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in banana powder production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the banana powder price trend.

Latest developments in the banana powder industry:

• August 19, 2023: A state-of-the-art tissue culture lab has been set up in Kaushambi district of Uttar Pradesh with a cost of ₹2.8 crore and state government support, aiming to boost banana production in the region.
• Mar 28, 2024: OLEHENRIKSEN launched a new skincare product called Banana Bright+ Instant Glow Moisturizer designed to provide a warm, golden glow and is clinically tested to improve makeup appearance, brighten skin instantly and over time, and reduce fine lines and wrinkles. It contains gold-complexed vitamin C, illuminating banana powder-inspired + pearlescent pigments, and hydrating ingredients like hyaluronic acid and Scandinavian cloudberry seed oil. 

Product Description

Banana powder is manufactured from fully ripened bananas which are processed chemically and subjected to vacuum-stage spray drying. It tends to maintain some of the major beneficial nutrients that are present in fresh bananas such as vitamins and minerals, which helps this powdery ingredient become popular among numerous kinds of food products.

Additionally, it is a versatile powder used in baby foods, breakfast cereals, snacks, and baked goods to provide natural sweetness with slight banana flavor notes. It also acts as a stabilizer in smoothies, sauces, and dairy products. The production of banana powder also aids in easing post-harvest losses, offering a shelf life at ambient temperatures and thus simplifying transportation and storage.

In addition, it is considered favorable for health as it contains potassium and vitamin C as well as B6 which supports cardiovascular health, immune system function, and general overall well-being. Apart from this, it is subsequently increased in requirement due to its gluten-free nature and it is imperative in gluten-free along with allergen-safe food types. Moreover, the food industry is witnessing an ever-increasing demand for natural and healthy components among consumers, creating a further impetus to the popularity of banana powder in consumer products.

Regional Coverage

The report provides a detailed analysis of the banana powder market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the banana powder price trend. 

Global Banana Powder Price

The report offers a holistic view of the global banana powder pricing trends in the form of banana powder price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of banana powder but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed banana powder demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Banana Powder Price

European banana powder prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed banana powder price information for a comprehensive list of countries.

North America Banana Powder Price

The analysis of banana powder prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific banana powder historical data within the United States and Canada can also be provided.

Middle East and Africa Banana Powder Price

The report explores the banana powder pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on banana powder prices for countries can also be provided.

Asia Pacific Banana Powder Price

The banana powder pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This banana powder price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Banana Powder Price

The analysis of banana powder prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of banana powder pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting banana powder price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The banana powder price charts ensure our clients remain at the forefront of the industry.