Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Banana Powder Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Banana Powder Market Grow Between 2024 and 2025?
The banana powder market size has grown strongly in recent years. It will grow from $1.22 billion in 2024 to $1.3 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to demand for natural food products, rising vegan and plant-based Diets, and rise in infant food products.
How Much Will the Banana Powder Market Be Worth in 2029?
The Banana Powder Global Market is forecasted to reach a size of $1.69 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.7%.
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Which Banana Powder Market Drivers Are Linked to Revenue Growth?
The key drivers in the banana powder market are:
• The growth of the food and beverage sector is a driving force behind the banana powder market.
• Increasing consumer demand for transparency in their food products strengthens the demand for banana powder.
• Marketing of nutritional benefits of banana powder, such as its potassium, fiber, and vitamin content, contributes to its market growth.
• Banana powder's potential as a natural alternative to artificial sweeteners and flavorings also spurs its market growth.
Which Segments Are Expected to Grow in the Banana Powder Market?
The banana powdermarket covered in this report is segmented –
1) By Process: Freeze Dried, Spray Dried, Sun Dried, Drum Dried, Other Processes
2) By Distribution Channel: Supermarkets, Convenience Stores, Online Stores
3) By Application: Food Industry, Cosmetics, Beverages, Pet Food And Feed, Household
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What Are The Key Trends Impacting Growth In The Global Banana Powder Market?
The key trends in the banana powder market are:
• The global banana powder market is being shaped by advanced product development from major companies.
• Niche products, like eye creams with banana powder, are becoming a trending innovation.
• The skincare industry's usage of banana powder, especially for eye care products, is a significant emerging trend.
• The evolution and advancements in vitamin C technology for skincare products are influencing the banana powder market.
Who Are the Key Competitors in the Global Banana Powder Market?
Major players in the banana powder market are:
• Corteva Inc.
• Fresh Del Monte Produce Inc.
• Chiquita Brands International Sàrl
• Dole plc
• Taj Agro International
• Kanegrade Limited
• Vinayak Ingredients Pvt. Ltd.
• Santosh Food Products
• Nutraceuticals International Group
• National Food N Spices
• Naturalin Bio-Resources Co. Ltd.
• Safety Foods Pvt Ltd.
• NuNaturals Inc.
• Naturya
• Biovitals Ingredients
• AayurMed Biotech Pvt. Ltd.
• Coliman Group
• Mevive International
• Cool Milling Ventures Corporation
• Banatone Industries
• Aarkay Food Products Ltd.
• Saipro Biotech Pvt. Ltd.
• Perennial Lifesciences Private Limited
• Royal Nut Company
• Varmora Food Pvt Ltd.
• Sumitomo Corporation
• GRUPO JUGAL Inc.
Where Is the Banana Powder Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the banana powder market in 2024
