The Banana Powder market is on the rise, driven by the global love for this delicious and nutritious fruit. Find out how this industry is set to grow at a CAGR of 7.5% during 2023-2029, transforming the way we consume and use bananas.
Peeling Back the Layers: Understanding Banana Powder
Banana powder is derived from the beloved banana fruit, a widely consumed tropical delight that’s grown across numerous countries. While the majority of bananas are eaten fresh, a small but significant portion are processed into banana powder, a versatile ingredient with a multitude of applications. From being a key component in milkshakes to serving as a base for protein powder and baby food, banana powder has secured its place in the food industry. It’s a common ingredient in various food products like cakes, instant foods, beverages, and seasonings.
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The Healthy Twist: Banana Flour and Diet-Conscious Consumers
In addition to its conventional uses, banana flour has found a unique role in various parts of Africa and Jamaica as an affordable alternative to wheat flour. As diet-conscious consumers continue to seek healthier alternatives, banana flour has gained prominence as a gluten-free substitute for individuals with celiac disease and those who prioritize their dietary choices.
Going Bananas for Resistant Starch
One remarkable aspect of banana powder is that it’s a rich source of resistant starch, which makes it a valuable addition to the diet-conscious consumer’s pantry. The growing number of health-conscious consumers is expected to drive the demand for banana flour products. Its gluten-free nature and the myriad health benefits associated with its consumption are poised to make banana powder a top choice for the diet-savvy consumer.
Banana Powder Market Segment Analysis:
The volume share for organic banana flour is predicted to be larger than the conventional sector based on the service type and the increasing demand for organic products from the food and retail industries. Because spray drying produces banana flour at a lower cost of manufacturing, almost half of the firms use this method.
The primary source of distribution for banana flour is contemporary trade and convenience stores, which are easily accessible to certain clientele. Distribution via e-retailers is keeping up with the market due to the spread of the internet in the past.
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Key Players
1. Natural Evolution Limited 2. International Agriculture Group 3. Zuvii 4. ADM Wild Europe Gmbh& Co 5. KG 6. Nutryttiva 7. NuNaturals, Inc. 8. Stawi Foods and Fruits Limited 9. Slingan Pty Ltd 10. Royal Nut Company 11. NOW Health Group, Inc. 12. Mevive International 13. Safety Foods Pvt Ltd 14. Taj Agro International 15. Vinayak Ingredients 16. Shree Biotech 17. Santosh Food Products 18. Guangxi ENDU High-Tech 19. Qingdao Xinmeixiang Foods 20. Yunnan LincangKaixiong Banana Co., Ltd. 21. Shaanxi Jintai Biological Engineering 22. Shine-Ball
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