The Rise of Raw Banana Powder Exports: Global Market Statistics

The culinary and wellness realms are witnessing a new obsession: raw banana powder, overshadowing banana bread. This by-product is revolutionizing nutritional and natural food alternatives globally. Unlike simple fruit leather, raw banana powder delivers intense banana flavor through the drying and pulverizing of fresh bananas, sparking a surge in export markets.
India, Ecuador, and the Philippines lead in exporting this versatile commodity, with India's export dynamics, including data and prominent exporters, under scrutiny. Raw banana powder's demand is soaring across industries due to its diverse applications, catering to plant-based and gluten-free diets.
The banana powder market is transitioning from niche to mainstream, projected to reach $2.42 billion by 2030 with a 7.6% CAGR. Notable manufacturers such as Cool Milling Ventures Corporation and Chiquita Brands International drive this growth.
Global banana powder exports, comprising 68.6K shipments from 1,627 exporters to 2,490 buyers, are dominated by India, Ecuador, and the Philippines. India's major exporters include Ambe Ns Agro Products Private Limited and Kesco Organics Exports.
Key factors propelling the banana powder industry's success include health benefits awareness, expanding F&B applications, and the demand for natural and organic products.
The rise of raw banana powder in global exports presents significant potential, emphasizing the importance of sustainability and innovation. For comprehensive insights into banana powder exports from India and beyond, Seair Exim Solutions offers invaluable data and expertise.
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What is the HS code of Banana Powder?? can you please help?