Global Banana Powder Market
Global Banana Powder Market was valued US$ 25.37 Bn in 2018 and is expected to reach 44.3 Bn by 2026, at a CAGR of 7.25 % during a forecast period.
Global Banana Powder Market: Overview
Banana is broadly consumed fruit and is grown across numerous countries. The mainstream of banana is consumed directly, and small part is processed into banana powder, which helps in increase its shelf-life. Banana powder is mostly used for manufacturing milkshakes, protein powder, baby food, etc. Further, it discovers applications in various food products such as cakes, instant foods, beverages, seasonings, etc.
Banana flour has been conventionally being used in main parts of Africa and Jamaica at cheaper alternative to wheat flour. However, owing to the increasing number of diet conscious consumers, banana flour is being used as a source alternative to starch. Banana flour is also being used as gluten free substitute for patients suffering from celiac diseases and for consumers who are diet conscious.The global banana powder market is expected to grow at faster rate in the coming years owing to the growing awareness of its health benefits.
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Last Update : Jul 26, 2020
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