GLOBAL BANANA (Musa Paradisiaca) PROCESSING INDUSTRY:

Banana production is expected to grow at a CAGR of 4.1 percent globally. Bananas are one of the most widely exported fruits in the world, as well as a vital source of income and sustenance. Bananas are the fourth most important food crop in terms of production, after wheat, rice, and maize, and the world’s favourite fruit in terms of consumption volume. Consumers’ attention has shifted to clean and healthy food products as food and beverage technology advances and health awareness grows. Vitamin B6, vitamin C, manganese, potassium, dietary fibre, and protein are all abundant in bananas. Bananas aid in digestion and contribute to the healthy functioning of the metabolism and nervous system. Apart from raw consumption, bananas are utilised in a range of culinary products such as breakfast cereals, ice creams, and other desserts. Bananas have long been regarded as a staple, low-cost, and readily available food. This has resulted in continuous production development to meet consumers’ economic, environmental, and social well-being concerns. Banana demand is expected to increase as people become more health conscious. The market for banana powder is expected to increase at a CAGR of 5.1 percent over the next five years. The demand for banana powder is really high. 

VALUE ADDED PRODUCTS FROM BANANA:

• Banana Puree
• Banana Powder
• Banana Jam
• Banana Sauce
• Banana Drink
• Banana Figs
• Banana Vinegar
• Banana Wine
• Banana Catsup
• Banana Chips
• Banana Fibre

OPPORTUNITIES IN INDIAN BANANA PROCESSING INDUSTRY:

In recent years, the Indian banana processing business has experienced substantial growth, providing abundant prospects for industry players. The Indian banana processing sector is poised to reach new heights, thanks to improvements in cold storage, infrastructure, and increased awareness of packaged processed banana goods. Furthermore, consumer preferences are changing, there is a growing need for healthy and nutritious food, and government measures are expected to promote the market’s growth. The Indian banana industry is divided into two categories: raw banana and processed banana. Banana powder, banana puree/jam, and banana chips are the four sub-segments of the processed banana market.

Asia-Pacific dominates the banana market, accounting for 61.0 percent of global consumption. India is the world’s greatest banana producer, producing 30.4 million metric tonnes from an area of 0.84 million hectares, followed by China and Indonesia in Asia-Pacific. The majority of bananas harvested in India are for local use. However, due to population growth in the Asia-Pacific area, per capita consumption is increasing. Producers all across the world are increasing production levels in response to rising demand. There are several restrictions on land use in India due to the structure of landholdings. As a result, the contract-farming model is adopted, which enables agribusiness producers to produce bananas over a broader region by circumventing regulatory restrictions within the country. With the development of the land under cultivation in India, production and productivity have improved dramatically.

TOP PLAYERS WORLDWIDE:

• Four Seasons Fruits Corporation.
• Guangxi ENDU High-Tech
• Jamaica Producers Group.
• KF Nutri Foods International.
• LTA FOODS MANUFACTURING.
• Mevive International
• Mota Chips.
• Prime Fruits International.
• Qingdao Xinmeixiang Foods
• Safety Foods Pvt Ltd
• Santosh Food Products
• Shaanxi Jintai Biological Engineering
• Shine-Ball
• Shree Biotech
• Snapsnax Ventures.
• Taj Agro International
• Traina Foods.
• Vinayak Ingredients
• Yunnan Lincang Kaixiong Banana Co., Ltd.