Bananas are one of the world’s most appealing fruits. A wide variety of health benefits are associated with curvy yellow fruit. Bananas are high in potassium and pectin, a form of fiber. Banana also is rich in magnesium and vitamins C and B6.

Bananas are known to reduce swelling, protect against developing Type 2 diabetes, aid in weight loss, strengthen the nervous system, and help with the production of white blood cells, all due to the high level of vitamin B6 that bananas contain.

Bananas are a type of tropical fruit with soft pulpy flesh enclosed in a soft usually yellow rind, which has an elongated shape with tapering ends. Bananas are produced by several kinds of large herbaceous flowering plants in the genus Musa which grow in clusters hanging from the top of the plant. 

Almost all modern edible seedless bananas come from two wild species Musa acuminata and Musa balbisiana. Bananas are a staple starch for many tropical populations. Depending upon cultivation and ripeness, the flesh can vary in taste from starchy to sweet, and texture from firm to mushy. Both the skin and inner part can be eaten raw or cooked.

Banana powder can be referred to as a gluten free powder which is inexpensive in comparison to the wheat powder involving processed bananas, which is utilized as an ingredient in baby food production and milk shakes. People use banana powder to make different varieties of biscuits and cakes.

The market is currently being driven by the growing product demand in the food industry as banana powder is largely used in confectionery applications for the production of cakes, breads, pastries, and ice cream preparations, among others.

In addition, banana powder also finds usage in infant food products, as it is easy to digest and is rich in potassium and other nutrients. Meanwhile, the demand for banana powder is also growing in animal feed preparations with the expanding livestock population worldwide.

The global banana powder market stood at a value of more than USD 1123.53 million in 2022 and expected to grow at a compound annual growth rate (CAGR) of five point eight percent (5.8%) in the forecast period of 2023-2028. 

Key Market Segments by Type

- Liquid
- Powder

Key Market Segment by Application

- Food Processing Industry
- Commercial
- Residential

Nigeria has one of the largest agricultural sectors in Africa. This industry contributes about forty percent (40%) of the country’s gross domestic product (GDP) and employs up to seventy percent (70%) of the Nigerian workforce.

Nigeria is blessed with abundant lands, resources, and climatic conditions that allow her to produce different varieties of food and cash crops in its agricultural sector while facilitating the accelerated growth of the individual agribusiness sub-sectors.

One of such agribusiness that contributes to the food and economic value of the country is Banana farming in Nigeria.

Nigeria is among the largest banana producing countries in African providing about two million, eight hundred thousand (2,800,000) million tonnes of banana per year.

Also it is the largest plantain producing country in West Africa. It is widely produced in the South and Central regions of Nigeria such as; Oyo, Edo, Ondo Bayelsa, Delta, Akwa Ibom, Rivers, Ogun States, Cross River, Ebonyi Abia, Ekiti, Imo, Plateau, Osun, Kogi, Anambra and Enugu.

Bananas are usually consumed in their raw form in Nigeria without any value and a lot of the product is wasted due to lack of proper handling and storage facilities. 

The market for banana chips is national. With a population of over two hundred million (200,000,000) people and an estimated national population growth rate of five point seven percent (5.7%) per annum, Nigeria has a large market for banana powder.

Setting up a banana flavour plant in Nigeria would not only redce post harvest lost but would also save our scare foreign esxchange sed in the importation of banana powder.