Banana
powder is derived from processed nutrient-rich bananas and has many
applications in the cosmeceutical industries, dietary supplements as
well as food products. Banana powders are made by freeze drying and
vacuum processing method. Banana powders are available at organic
markets and health food stores. Fruits contain more water, hence they
are concentrated to remove excess water, demineralized which is then
spray-dried to get free flowing powder. Banana powders can be used as
an ingredient in cooking or as a flavoring agent. Banana powder has a
long shelf life at ambient temperature due to low water activity
along with low logistic expenditure due to low weight and volume.
Fruit powders are made from either spray drying or freeze drying
process. The quality of banana powder can be determined on the basis
of color, flavor, texture and moisture content. These are primarily
affected by the varieties of bananas and the ongoing processing
operations. Banana powder, because of its high concentration of
banana essence, it has been found to be a major source of calories
and carbohydrates. Although banana powder has a low content of
protein, it still finds a prime spot in the trading business.
Segmentation
The
global
banana powder market is segmented on the basis of application
into cosmetics, dietary supplements and food products. Due to the
multiple use of banana powder, the global banana powder market is
expected to remarkably increase the revenue contribution over the
predicted period. On the basis of distribution channels, the banana
powder market is observed to be segmented into
hypermarket/supermarket, retail stores, convenience stores, internet
selling, specialty stores and others. Hence, the global banana powder
market is expected to significantly increase the revenue contribution
over the forecast period.
Global
Market Drivers
The
global banana powder market driving factors include the increasing
demand for a variety of banana powder health drinks that contains a
high amount of vitamins, minerals, and antioxidants. The banana
powder market is estimated to have potential growth in developing and
developed countries as a result of consumer preference towards health
drinks along with a variety of fruit flavors in the drinks.
Furthermore in addition to banana exporting, processing banana into
different products could also mean additional income for banana
farmers. Banana powder has a tremendous potential for
commercialization. It has a low starch content and high sugar content
that can be used as a substitute for fresh bananas in making
traditional cakes or their premixes as well as in the processing of
banana crackers, snacks or crisps.
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The
banana powder market is also expected to flourish due to its
increased demand in the cosmetic industry where it is mostly
manufactured and made available to the end user as a mattifying
translucent setting powder enclosed in a compact.
Regional
Outlook
Geographically,
the global banana powder market can be divided by major regions which
include North America, Latin America, Europe, Asia Pacific, Middle
East and Africa. Globally, among all regions, Asia Pacific has
developed as the dominant region in global banana powder market
followed by Europe and North America. High growth of banana powder
market in the Asia Pacific region can be attributed to the strong
demand from emerging economies such as China and India.
Major
Key Player
Some
of the key players identified across the value chain of the global
fruit powders market include La Herbal (India), Farmvilla, Aum Agri
Freeze Foods, Kanegrade Limited, Saipro Biotech Pvt. Ltd, NutraDry, ,
and others. The companies are expected to expand their business by
enhancing their product portfolio in global banana powder market. The
companies are projected to frame certain strategies in future in
order to gain the competitive advantage in global banana powder
market till 2025.
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