#banana powder hs code

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Banana Powder Export from India: A Growing Global Opportunity

Banana powder, a versatile product with applications in the food, cosmetics, and pharmaceutical industries, is experiencing increasing global demand. Known for its high-calorie content and rich carbohydrates, it is especially valued as an addition to baby formula. Did you know that the global banana powder market is expanding at a compound annual growth rate (CAGR) of 7.6%? Produced in significant quantities in India, Ecuador, and the Philippines, banana powder is primarily exported, with India emerging as a major player. In this article, we’ll explore the Indian banana powder export market, its potential, and the steps involved in starting a banana powder export business.

Is Exporting Banana Powder Profitable for India?

India’s banana powder export industry presents a lucrative opportunity as global demand rises. Indian businesses can capitalize on this trend by expanding their export capabilities and tapping into the global market. To be successful, companies must focus on selecting the right markets, offering competitive packaging, pricing products effectively, and adhering to international standards.

Global Banana Powder Market Overview

The global banana powder market is on the rise, with a promising outlook for the coming years. In 2022, the market was valued at USD 1.25 billion and is expected to reach USD 2.42 billion by 2031. From 2023 to 2031, the market is projected to grow at a CAGR of 7.6%. This surge in demand can be attributed to the increasing health consciousness among consumers who appreciate the nutritional value and versatility of banana powder.

Banana powder is produced through various methods, including freeze-drying, spray-drying, sun-drying, and drum-drying. As the popularity of banana powder grows, so does its market segmentation. Understanding the key trends and market forces driving this growth is essential for businesses looking to enter or expand in this market.

India's Banana Powder Production Volume

India holds a leading position in the global banana powder industry, accounting for approximately 26% of total global production. Each year, India produces over 30 million tonnes of banana powder. The top five states contributing to this production are Maharashtra, Tamil Nadu, Assam, Andhra Pradesh, and Gujarat.

The process of making banana powder involves mashing the banana pulp and drying it using a spray or drum dryer. The dried product is then pulverized and passed through a 20-mesh sieve to produce the final product. India’s dominance in production provides a solid foundation for growth in the global banana powder market.

Rising Demand for Banana Powder in India

The demand for banana powder is growing rapidly in India as consumers increasingly seek gluten-free alternatives. Banana powder has become a popular choice, particularly in the bakery industry, which favors organic ingredients. Additionally, the cosmetic industry has seen a surge in demand for banana powder, using it in makeup products and other beauty formulations.

This rising domestic demand, combined with global export opportunities, positions India as a key player in both the local and international banana powder markets.

Banana Powder Export from India: 2023-2024

As of 2023-2024, the average export price for banana powder from India is around INR 650 (approximately $7.77) per kilogram. India is the world’s second-largest exporter of banana powder, with the United States, Bangladesh, and the United Arab Emirates as its top markets.

According to banana powder export data, 294 Indian banana powder exporters shipped 2.3k shipments to 599 foreign buyers. The top three product categories exported from India include HS codes 07129090, 21069099, and 33021010.

Global Banana Powder Export Statistics

Globally, there were 68.6K banana powder export shipments in recent years. These shipments involved 1,627 exporters supplying to 2,490 foreign buyers. European nations such as Germany, the Netherlands, and France are among the top recipients of banana powder exports. Germany leads with 6,400 shipments, followed by the Netherlands (6,037 shipments) and Spain (4,802 shipments).

Top Banana Powder Producers and Exporters in India

India’s growing banana powder export industry is supported by several key producers and exporters. Some of the leading manufacturers include:

Grupo Jugal Inc.

Taj Agro International

Cool Milling Ventures Corporation

Banatone Industries

Mevive International

Safety Foods Pvt. Ltd.

Chiquita Brands International, Inc.

Perennial Lifesciences Pvt. Ltd.

These companies play a vital role in meeting both domestic and international demand for banana powder, ensuring a steady supply of this essential product.

Leading Exporters of Banana Powder in India

India’s top banana powder exporters include:

Headmill International

Home Shop Mart

Ambe Ns Agro Products Private Limited

DCL Traders

Farmers Son

Kesco Organics Export

Grace Enterprises

Marudhar Impex

Divine Lifestyle

Prasanna Enterprises

These companies have a strong export presence, contributing to India's position as one of the world’s leading banana powder exporters.

HS Codes for Banana Powder Exports

Given the diverse applications of banana powder, there are several relevant HS codes, including:

2103 – Sauces & preparations

21039090 – Other food preparations

21069099 – Miscellaneous food preparations

33049190 – Beauty or makeup preparations

These codes reflect the various uses of banana powder across multiple industries, from food products to cosmetics.

Top 10 Banana Powder Exporting Countries

Globally, India ranks as the top exporter of banana powder, followed by countries such as:

India

China

Indonesia

Ecuador

Brazil

Guatemala

Philippines

Costa Rica

Colombia

Angola

These countries are the largest contributors to the global banana powder market, providing valuable insight for businesses looking to enter this industry.

Starting a Banana Powder Export Business in India

To begin banana powder export from India, businesses must complete several legal and regulatory steps. Essential documentation includes:

Import Export Code (IEC)

FSSAI Registration

Certificate of origin

Health and phytosanitary certificates

GLOBALGAP Certification

Businesses must also conduct thorough market research, identify target markets, and ensure compliance with customs and export regulations.

Final Thoughts

India’s banana powder export market offers vast opportunities for growth and expansion. By staying informed about market trends, understanding the regulatory landscape, and leveraging India’s production capabilities, businesses can position themselves for success in this fast-growing industry. Whether you’re a new or established player, the banana powder export market presents a promising future for Indian businesses.

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Banana Powder Export Business: Key Questions and Insights

India is one of the leading producers of bananas in the world, which has paved the way for a thriving banana powder business. Banana powder is a versatile product used in various industries, including food and beverages, pharmaceuticals, and cosmetics. The banana powder export from India is gaining traction globally due to its nutritional benefits and diverse applications. In this article, we'll explore the banana powder business, focusing on its export potential, market trends, and the challenges and opportunities it presents.

What is the Banana Powder Business?

The banana powder business involves the production and distribution of banana powder, a product made by drying and grinding bananas. This process preserves the nutrients and flavor of bananas while extending their shelf life. Banana powder is used in several applications, such as baby food, snacks, beverages, bakery products, and dietary supplements. The demand for banana powder in India is on the rise, driven by the growing popularity of natural and healthy ingredients in food and beverage products.

How Has Banana Powder Export from India Grown?

Banana powder export from India has seen significant growth over the past few years. According to banana powder export data, India exported approximately 4,500 metric tons of banana powder in the 2022-2023 fiscal year. The increase in banana powder demand in India and abroad is driven by its nutritional benefits, such as being rich in vitamins, minerals, and dietary fiber. These qualities make it an attractive ingredient in various health-focused products.

What is the Banana Powder Export Price?

The banana powder export price varies depending on factors such as quality, packaging, and market demand. On average, the export price ranges from USD 1.50 to USD 2.50 per kilogram. The price can fluctuate based on global market trends, currency exchange rates, and production costs. Indian exporters must keep a close eye on these factors to remain competitive in the international market.

Who are the Leading Banana Powder Exporters in India?

India is home to numerous banana powder exporters, many of whom are concentrated in states like Maharashtra, Tamil Nadu, and Kerala, where banana cultivation is prevalent. Some of the leading exporters include:

Vinayak Ingredients (India) Pvt. Ltd.: Known for its high-quality banana powder, Vinayak Ingredients has established a strong presence in international markets.

Aarkay Food Products Ltd.: This company offers a wide range of fruit and vegetable powders, including banana powder, catering to diverse industries.

Shaanxi Dongyu Bio-Tech Co., Ltd.: Although based in China, this company sources high-quality banana powder from India for export.

These companies focus on maintaining quality standards and meeting international certification requirements to ensure their products are accepted globally.

What is the Banana Powder HS Code?

The HS code for banana powder is 110630, which is classified under "Flour, meal and powder of the dried leguminous vegetables of heading 0713, of sago or of roots or tubers of heading 0714 or products of Chapter 8." This classification is important for exporters because it determines the applicable tariffs and duties for international trade. Knowing the correct HS code is vital for compliance with global trade regulations.

What are the Challenges in the Banana Powder Business?

Despite its potential, the banana powder business faces several challenges:

Quality Control: Maintaining consistent quality across large volumes is challenging, especially given the variations in banana quality due to factors like weather and cultivation practices.

Competition: The banana powder market is competitive, with other major producers like the Philippines and Thailand posing significant competition to Indian exporters.

Supply Chain Management: Ensuring an efficient supply chain from production to export is crucial to meet global demand and maintain freshness.

Market Fluctuations: Changes in global market trends and consumer preferences can impact demand and pricing.

How Can Indian Exporters Overcome These Challenges?

Indian exporters can adopt several strategies to overcome challenges in the banana powder business:

Investing in Technology: Utilizing advanced processing and packaging technologies can help maintain product quality and extend shelf life.

Building Strong Relationships: Establishing robust relationships with local farmers and suppliers can ensure a steady supply of high-quality bananas.

Expanding Market Reach: Exploring new markets and diversifying product offerings can mitigate the impact of market fluctuations.

Focusing on Branding and Marketing: Highlighting the nutritional benefits and diverse applications of banana powder can attract health-conscious consumers globally.

What is the Future Outlook for Banana Powder Export from India?

The future of banana powder export from India looks promising, driven by several factors:

Rising Health Consciousness: The growing awareness of health and wellness is driving demand for natural and nutritious ingredients like banana powder.

Innovation in Food and Beverage: The food and beverage industry is continuously innovating, creating new products that incorporate banana powder as a key ingredient.

Expanding Applications: Beyond food, banana powder is finding applications in cosmetics and pharmaceuticals, broadening its market potential.

Government Support: The Indian government is encouraging agro-based exports through policies and incentives, which can boost the banana powder industry.

How Does Banana Powder Export Impact Local Economies?

Banana powder export significantly impacts local economies, particularly in regions where banana cultivation is a primary source of income. The industry provides employment opportunities, supports rural development, and enhances infrastructure. By promoting sustainable agricultural practices, the banana powder business also contributes to environmental conservation and biodiversity.

What are the Global Trends Influencing Banana Powder Export?

Several global trends are influencing the export of banana powder from India:

Demand for Plant-Based Products: The rise of plant-based diets and veganism is driving demand for fruit powders like banana powder, which can be used in various food and beverage applications.

Sustainable Sourcing: Consumers are increasingly seeking sustainably sourced products, pushing companies to adopt eco-friendly practices throughout the supply chain.

Functional Foods: The popularity of functional foods, which offer health benefits beyond basic nutrition, is boosting demand for ingredients like banana powder that are rich in vitamins and minerals.

E-commerce Growth: The expansion of e-commerce platforms has made it easier for Indian exporters to reach international markets and connect with a broader customer base.

Conclusion: Why is the Banana Powder Business a Lucrative Opportunity?

The banana powder business presents a lucrative opportunity for Indian exporters, given the country's abundant banana production and growing global demand. By leveraging advanced technology, maintaining quality standards, and exploring new markets, Indian exporters can capitalize on this opportunity and establish a strong presence in the international market. As consumer preferences continue to evolve towards healthier and more sustainable products, the future of banana powder export from India looks bright.

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New banana-based sensation: raw banana powder. Expanding global market driven by diverse applications and growing interest in natural, nutritious foods. Export market surges, led by India, Ecuador, and the Philippines. Explore the blog "The Rise of Raw Banana Powder Exports: Global Market Statistics" Now!

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