Market Trends and Price Dynamics of Banana Powder

This blog aims to impart detailed information about Banana Powder, including its classifications, manufacturing process, its industrial usages, price trends, and important players in the market.

Banana Powder: Definition

Bananas are processed to produce the end result as a banana powder. It is used as an element to produce milk shakes and baby food products. It is also employed in the manufacturing process of numerous types of cakes and biscuits. In addition, it has been acknowledged as an important source of carbohydrates and calories. Since there is a rise in the demand for banana powder as a rich source of nutrients, it is expected to impact the banana powder prices.

Although banana powder is normally low in protein, the other advantageous constituents of the powder still make it a greater fruit as compared to others. This powder is also considered to be useful as a common treatment for indigestion. Moreover, it also experiences a hefty propulsion in the cosmetics industry as itis a micro-pounded, silky-smooth loose powder which has a little yellow colour,  and it can be used on all skin tones as a make-up base.

Banana Powder Production Process

Since bananas are highly fragile and perishable owing to their extreme moisture content, they are highly vulnerable to post-harvest losses during handling, carriage, and packing. Therefore, it becomes crucial to utilise a suitable process methodology to assuage the losses or spoilage. One of the substituted methods to preserve the quality and increase the value of this fruit is to use drying process.

The aim while using this method is to remove waste to a level that avoids deterioration. Another motive is to increase the shelf life of bananas and reduce its volume. During the drying process there is simultaneous transfer of heat and mass involved which helps in diffusing the moisture in bananas from the internal to the surface and vaporises into the air stream, while the heat is moved from the air to bananas.

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When moisture is eliminated, the size of bananas is reduced. There are various types of drying process methods, such as sun and solar drying, hot air drying, vacuum drying, freeze drying, microwave drying, osmotic dehydration, spray and drum drying.

Industrial Uses of Banana Powder

Most of the bananas produced all across the globe is directly consumed, whereas a small quantity of this fruit is processed into powder form, that supports in increasing its shelf-life. Banana powder finds its usages in various industries including food, pharmaceuticals, cosmetics, and animal feed. It is primarily utilised for making milkshakes, protein powder, baby food products, among others.

Furthermore, it is also employed in several other food commodities like cakes, instant foods, beverages, breakfast cereals, seasonings, and so on. In addition, banana powder can be used to treat intestinal disorders, indigestion, depression, and supports in improving bone conditions, enhance vision, regulate blood pressure among others. Moreover, owing to its mosturising properties, banana powder is used in the making of cosmetic items.

Because banana powder is gluten-free and is a cheaper substitute for wheat powder, it has become very popular amongst its consumers. This is impacting the banana powder price trend globally. Higher level of solubility stays as an important selling point of banana powder, affecting the overall banana powder production cost.

Banana Powder Prices: Market Trend and Forecast

North America

North America is expected to witness considerable level of expansion in the banana powder market owing to the increase in the awareness of health advantages of banana fruit since they are rich in fiber, antioxidants, carbohydrates, and dietary riboflavin.

Furthermore, the rise in the demand for banana powder from the domestic cosmetics and personal care sector is additionally projected to boost the development of the banana powder market in North America in the near future.

Besides, new and innovative modifications and the continuous research activities by end-users are fueling the growth of the market share. In the recent years, there was a partnership between Del Monte International with Queensland University of Technology in Brisbane, Australia to augment the banana powder market and introduce new practices to grow bananas that are tolerant to diseases.

Asia Pacific

Owing to being the largest producer of bananas globally, Asia Pacific leads the banana powder market. Moreover, the rise in the urbanisation and the upgradation of lifestyle is expected to further enhance the size of the banana powder market in Asia Pacific in the upcoming years.

Europe

It is anticipated that the development of the banana powder market in Europe will be at a moderate level in the upcoming years. This is primarily due to the rise in demand for banana powder from food, cosmetics, and personal care sectors within the region.

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Key Industry Players

• Chiquita Brands International Sàrl
• Fresh Del Monte Produce Inc.
• Dole Food Company, Inc
• Fyffes plc, Grupo Noboa S.A.

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