Rising Demand for Natural Ingredients Fuels Banana Powder Market
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from the Business category at
10 Mar 2025 10:08:42 am.
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The global banana powder market is experiencing robust growth, with projections indicating a rise from USD 1.35 billion in 2023 to approximately USD 2.24 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.5%.
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This surge is driven by increasing demand across various sectors, including food and beverages, cosmetics, and pharmaceuticals.
United States: Growth Driven by Health Trends and Industry Consolidation
In the United States, the banana powder market is witnessing substantial growth, propelled by rising health consciousness and the demand for natural ingredients in food products. The market's expansion is further supported by strategic mergers and acquisitions. For instance, Ingredion Incorporated acquired Western Polymer, enhancing its portfolio of starch-based products, including banana powder. Such consolidations are expected to streamline supply chains and boost production capacities.
Asia Pacific: Opportunities Arise from Agricultural Abundance and Technological Advancements
The Asia Pacific region presents significant opportunities for the banana powder market, owing to abundant banana production and advancements in food processing technologies. Countries like India and the Philippines are leading contributors. Recent developments include Symrise AG's investment in a new production facility in the Philippines, aiming to cater to the rising demand for natural food ingredients in the region.
Europe: Trends Favor Natural Ingredients Amidst Strategic Updation
European consumers' shift towards natural and organic products has positively impacted the banana powder market. The region has seen key developments, such as Döhler Group's collaboration with Frutarom to enhance their natural ingredient offerings, including banana powder. This strategic move aims to meet the growing demand for clean-label products in Europe.
Middle East and Africa: Emerging Growth Opportunities and Market Consolidation
The Middle East and Africa region is emerging as a promising market for banana powder, driven by increasing urbanization and changing dietary habits. Notable developments include Kerry Group's acquisition of AATCO Food Industries LLC, aiming to strengthen its presence in the region and expand its product portfolio to include banana powder. Such consolidations are expected to enhance market reach and distribution networks.
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French Fries Market segmentation :
by Source
Organic
Conventional
According to the service type, the volume share of organic banana flour is expected to surpass that of the conventional segment due to the increased demand for organic products from the food and retail industries. Due to its lower manufacturing costs, almost half of the firms use the spray-dried method to produce banana flour.
by Application
Food & Beverage Industry
Cosmetics
Pharmaceuticals
Animal Feed
The primary source of banana flour's flow is contemporary commerce and convenience stores, where it is easily accessible to the intended audience. The market is being followed by distribution through e-retailers due to the past increase in internet dispersion.
by Distribution Channel
Online
Offline
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Learn about the top players driving innovation in the French Fries Market :
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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