A recent report published by Infinium Global Research on banana powder market provides in-depth analysis of segments and sub-segments in the global as well as regional banana powder market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional banana powder market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global banana powder market. According to the report, the global banana powder market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
The banana powder is obtained from raw banana. It has numerous application in day to day life such as the substitute of the banana fruits, used in papad manufacturing, a health supplement, cosmetic ingredients. It is generally used as a rich source of carbohydrate and calories. Further, in the beauty sector, it is used as a color correction element, which helps to improve the color effect of the skin. It helps to reduce excess oil on the skin, helps to maintain the makeup for a longer period. it is best suitable for complexions with yellow, golden and olive undertones.
The changing consumer’s consumption trend about basic food items is forcing the food processing companies to launch new innovative products to attract and retain the existing consumers. Several new products are being launched in the market, which are attracting several new consumers toward it. These new products are not only helping to attract and increase the revenue, but it also helps to bring a loyal customer for unique products. The new small startups are bringing the unconventional products in front of consumers and able to get several loyal customers who are helping them to increase their market share. This is what ICOBO and IAG are witnessing through their new banana flour product offering. Now, people are experimenting with their traditional food products, and this is creating new opportunities for food processing companies. Further, the new product is helping to bring several new consumers, who are adding new consumers to new products.
Regionally, global banana powder market segmented by North America, Europe, Asia-Pacific and RoW. North America holds a high share of the market, owing to the growing demand for the gluten-free product among diabetic people and health conscious people. Further, the growing health awareness among the young consumers and middle-aged consumers is helping to grow the demand of the banana powder products. Europe is the second largest market after North America. The Asia-Pacific banana powder is expected to the highest CAGR during the forecast period, owing to the growing demand of glutein free fibrous product among the health conscious people and diabetic persons.
The report on global banana powder market covers segments such as application, source, process, and distribution channel. On the basis of application, the sub-markets include beverages, household, food industry, and cosmetics. On the basis of source, the sub-markets include organic and conventional. On the basis of process, the sub-markets include freeze dried, sun dried, drum dried, and other processes. On the basis of distribution channel, the sub-markets include direct sales, and indirect sales.
The report provides profiles of the companies in the market such as Kadac Pty Ltd, NOW Foods, Absolute Organic, Royal Nut Company, Slingan Pty Ltd, Stawi Foods and Fruits Limited, NuNaturals Inc, ADM WILD Europe GmbH & Co.KG, and Zuvii.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of banana powder market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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