Complete Guide to Start Banana Powder Manufacturing & Export Business in India
Market Trends of Banana Powder Export from India
The demand for banana powder in major countries around the world has grown enormously. India is one of those countries that exports banana powder to countries like the United Arab Emirates, the United States of America, and Bangladesh. Though the export amount from India is less, they have a great demand for the product in these major countries.
The banana powder market in the world will most probably reach $1.6 billion by 2027. Industry leaders have estimated that it will grow at a CAGR of 3.9% from 2022-2027. India will play a major role in exporting banana powder to the above-mentioned countries.
According to some reports, the Asia Pacific countries are huge consumers of banana powder. The Asia Pacific countries consume around 41% of banana powder, surpassing the whole European countries by 21%. The South American and North American countries are the least consumers of banana powder.
Many will know that banana powder is the best alternative to wheat in parts of African and Jamaican areas. After the COVID-19 pandemic, people in our country and around the world have become more health conscious.
Banana powder has become the best alternative for wheat flour as it is gluten-free which benefits hugely for patients with celiac diseases. But, banana powder is also used for baking, making smoothies, and even for makeup. In fact, one of the primary uses of banana powder has become for setting up faces.
People are using banana powder for making healthy cakes, biscuits, baby food, and many more. The excellent source of potassium has helped many people in our country with heart or cholesterol problems.
Other than potassium, banana powder contains a plethora of nutrients which is highly beneficial for all age groups such as fiber, manganese, Vitamin C, Magnesium, and a few more.
How to Sell Banana Powder in Other Countries?
The Internet is currently the strongest source of starting any business. Now, if you are into banana manufacturing and selling business you can export them to other major countries for a higher profit margin.
A brief overview of large consumers of banana powder is given in the introductory part of the article. But, that does not mean you will not require any market research. To sell banana powder in other countries here are the things that you must know:-
Market research
A thorough and proper market research for selling banana powder to the right country and to the right customers is very important. You must select the country that suits you the best in terms of time, payment, law, government benefits, and of course the profit margin.
Make sure to start with your product. It should not only be for the Indian consumers but, for the customers of your best-targeted country as well.
The insights of these parameters can easily be gathered with the use of the internet for free. If you have some friends or family working in this field abroad then that would be much better.
Finding reliable suppliers
Getting your raw materials from the best suppliers is very important for quality products. If you want to thrive your business in the global market then the quality of your product must not be negotiated. Collaborate and build relationships with trustable and already established suppliers.
When partnering with reliable and established suppliers, there will be no shortage of quality raw materials. There will be a high chance of getting your products right on time.
Additionally, when getting materials from established suppliers will help you a lot financially. You will easily be able to control and make changes when needed.
Logistics for successful export
Exporting banana powder in the best possible condition is very important. It’s very important to have a well-organized logistic setup. Now, choosing the right freight forwarder can be a very big challenge in the current world market. You must know your conditions and capacity and then you will be able to choose the right logistics.
Whenever you are choosing a logistics partner make sure to check these:-
- Perishable proficiency
- Team efficiency
- Customer support quality
- Robust online reputation
- Price competitive
Transparent pricing system
Exporting a product from one country to another is very costly. This does not mean, you will charge for everything from customers. If you do so, your products will not be sold in the target country as there will be other competitors selling them at a low price tag.
There are many apps from where you can leverage quotes and real-time vessel schedules and finally, you can put a price on your product.
Establish a strong buyer relationship
The best way to create a strong buyer relationship is through marketing and promotional strategies. Boost your online visibility, and make sure you are available on different platforms so that anyone from around the world can see your product.
Top Ports for Exporting Banana Powder from India
Several ports in India export banana powder. Here are some of the top ports for exporting banana powder from India :-
- Cochin Sea
- Chennai sea
- Baroda
- Hyderabad
- Bombay Air Cargo
Top Banana Powder Exporting Countries
India, China, Indonesia, Brazil, and a few more might be some of the top banana-producing countries but, they are not the top banana powder-exporting countries. Here are some of the top banana powder exporting countries:-
- Germany- 6400 shipments
- Netherlands- 6037 shipments
- Spain- 4802 shipments
- France- 3949 shipments
- Italy- 3636 shipments
- Poland- 3437 shipments
- India- 2982 shipments
- United Kingdom- 2789 shipments
Documents Required to Start Your Banana Powder Export from India
Documents are a significant part of legally and successfully establishing your business. The same goes for banana powder or any other businesses in the whole world right now.
If you are stepping into the banana powder export business then having proper documents is necessary. Here are the documents that you need to start a banana powder export business from India:-
- Business registration documents
- Import-export license
- GST certificate and number
- Tax registration for goods and service tax
- Certificate of Origin
- Commercial Invoice
- Packing List
- Testing report
- Insurance Certificate
- Letter of Credit
- Export Inspection Agency Certification
- Transportation documents
- Personal documents and details
- Registration Cum Membership Certificate
Video Guide For Banana Powder Processing & Export Business
FAQ
Q1. How much Banana Powder is exported from India?
Q2. Which country imports Banana Powder from India?
Bangladesh
The United States of America
UAE
Nepal