Project report for Banana Powder

The processed Banana market in India is at a very nascent stage. About 90% of banana produced in India is consumed domestically as fresh fruit. Unlike raw bananas, banana powder has a shelf-life of almost two years when stored in a cold storage facility in the absence of oxygen. Banana has been the fifth largest agricultural commodity in the world. The major advantage of the fruit is its availability round the year. With immense demand and applications, the product market bears high growth aspects in India. This healthy banana powder helps in weight gain in babies and used as an essential component for production of baby foods. It is also used in baking industry for the preparation of fillings for cakes and biscuits. 

Banana powder is a powder made from processed bananas. It is used as a component for production of milk shakes and baby foods. It is also used in the manufacture of various types of cakes and biscuits. Banana powder is formed by using banana pulp, which is mechanically chopped and then processed with hydraulic shear using a colloid mill, turning it into a paste. Banana powder helps to strengthen bones, improve digestion, nutrition absorption and vision, prevent dehydration, regulate blood pressure and relax muscles. In addition, it is highly convenient to use, which leads to low to no product wastage and residue after usage. Moreover, as it restores all the essential nutrients and properties of the raw fruit, it is employed in various recipes in place of bananas. It also helps in increasing the shelf life and utilization of bananas and reduces post-harvesting losses. Apart from this, clinical trials are being conducted to establish the usage of banana powder in the pharmaceutical industry.

The global banana powder market reached a value of INR 73,6700 Crores in 2020. Bananas represent the world’s most consumed fresh fruit and the fourth most important food crop in terms of the gross value of production. Unlike raw bananas, banana powder has a shelf-life of almost two years when stored in a cold storage facility in the absence of oxygen. It finds applications in various industries ranging from cosmetics and food to pharmaceutical and feed industries, which has encouraged its production across the globe. Rapidly growing global food and beverages industry, coupled with increasing awareness regarding benefits of banana fruit are some of the major factors driving growth of the global banana powder market. Growing cultivation of banana in several developed and developing countries is a factor expected to support the revenue growth of the global market. Banana is a good source of potassium, vitamin B6, proteins, and carbohydrates, which makes it suitable for daily diet and in other applications such as cosmetics, beverages, baby food, etc. This is another key factor anticipated to drive growth of target market growth. Increasing cultivation of organic bananas, coupled with rising demand for organic banana powder is supporting market growth significantly.