Banana Powder Market Value Projected to Surpass USD 770 Million by 2027-end; Stakeholders See the Powder as an Alternative for Gluten-free Products


Published on : May 24, 2019

Albany, New York, May 24, 2019: Mainstay in almost every fruit basket around the world, banana has been the powerhouse of nutrients for decades. Banana powder, owing to its high concentration of banana essence, has been popular as a primary source of carbohydrate and calories—found to be significant as a general treatment for dyspepsia. Moreover, consumers have become increasingly aware of banana powder containing compounds with demonstrable anti-MRSA activity and following metabolic transformation by anti-leishmanicidal activity.

These aforementioned insights are according to the report titled, “Banana Powder Market—Global Industry, Size, Share, Growth, Trends, Forecast, 2019-2027,”which has been of late added to Market Research Hub’s (MRH) ever-expanding repository.

Richness is fiber has made banana powder popular among consumers. Growing demand for anti-diarrheal in pharmaceutical; upsurge in the use of banana powder for baby food; high in essential minerals and vitamins such as vitamin E, zinc, magnesium and manganese have fueled the growth of banana powder market. Accordingly, the market value of banana powder is projected to surpass USD 770 million by 2027-end.

Surge in demand for banana powder as an essential ingredient in banana-based sauces with different cuisine is expected to propel the U.S. market. Growing purchasing power parity (PPP) of the U.S. and trends of customers shifting from restaurants to supermarkets have fared well for banana powder. As such, market in North America is projected to grow at an impressive growth rate of around 6 percent during the assessment period.

Assessing the value chain analysis, manufacturers are developing innovative methods and technologies for drying bananas and marketing banana powder as an alternative for gluten free products.

Banana Powder Market: Report Content

Qualitative and quantitative analysis underpin the dynamic and in-depth report on the banana powder market. Further, the report focuses on dynamics in the market which are expected to have the impact in the development of the banana powder market, including drivers, restraints, trends, and opportunities. In addition, the report also sheds light on segregation to reveal an exhaustive analysis of the banana powder market.

The report also delineates executive summary and overview section, thereby providing deep dive analysis on the banana powder market. In addition, the overview section peruses on PESTLE analysis, supply chain analysis, value chain analysis and pricing analysis to throw light on the banana powder market.

The report also includes benchmarking to assess the performance of the products and business processes with the praise worthy performances of rival companies both inside and outside the industry in the quest for better performance.

The dynamic analysis of the competitive scenarios of the banana powder market depends upon Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis aptly concentrates on the likely strategies of the major players in the banana powder market. Nevertheless, the business strategies are backed up company profile, product portfolio, SWOT analysis, and recent development.

Banana Powder Market: Research Methodology

The report on banana powder market swears by primary sources and secondary sources which provide deep dive analysis and include unbiased and authentic sources. The report relies upon primary research that was underpinned by telephonic interview, veracious and authentic analysis from pundits, and in-depth assessment from seasoned analyst, and surveys. On the other hand, the secondary research includes EC filing, press release, governmental websites, Factiva, resourceful database, and trade journals.

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