Fried banana wafers are a deep fried snack food prepared from green fresh mature bananas of the cooking variety. Success in deep-fat frying of snack foods depends upon several factors, like (a) the utilization of proper raw material of optimum maturity or quality, (b) correct method of preparation, (c) use of suitable equipment, (d) selection of appropriate fat or oil as frying medium, (e) optimum time and temperature of frying, (f) efficient packaging, and (g) proper storage. Though consumption of those products is at the present very high there's no systematic internal control. The formulation of this standard is intended to help within the manufacture and sale of standardized, nutritious, safer and more hygienically processed products.
Fried banana wafers are prepared by peeling and slicing fully matured but unripe bananas and deep-fat frying the slices in suitable edible oil or fat, or combinations thereof. The bananas are sliced breadth knowing give thin circles that are dropped straight into the frying medium held at proper temperature for a time to render them crisp. Salt and other seasonings are added after frying. When coconut oil is used, antioxidants are not found useful. India is that the largest producer of banana within the world and about 90% of banana produced is consumed domestically as fresh fruit. Merely 5% is consumed in processed form providing an honest potential for future processing. About 2.5% is merely processed purely as banana products and therefore the rest as an ingredient in other foods. About 17 varieties of products might be made up of banana. The primary product of banana in market is “fried wafers and candy” which constitute around 31%, rest as banana puree 9%, banana pulp 3%, banana beer 3%, banana wafers 3%, banana powder 6% and others.
The Global Snack Food Market was valued at USD 450 billion in 2017 and is expected to reach a value of USD 638 billion by 2023 at a CAGR of 5.79% during the forecast period (2018-2023). While the factors like demand for urbanization and change in lifestyle fuel the growth of the market, whereas government rules and health concerns are hindering the market growth. The growing demand in developing regions and development of innovative products provides ample growth opportunities.
India wafers market has shown remarkable growth in past few years. The market is forecasted to grow with a CAGR of more than 9% in near future. Currently, the growing young population represents a key segment for the potato wafers, banana wafers, and tortilla wafers market. Major factors driving the worldwide demand of wafers are growing urbanization, rise in disposable incomes and rapidly changing lifestyles. A busy lifestyle including long working hours have forced people to shift from elaborate luncheons and meals to desk snacks and packaged foods.
There is a good market demand of all banana products. There is an ample of new local market growing in India. Huge scope exists for banana wafers as these ready-to-eat snacks are much popular among students and the general public. They could be sold to hotels, restaurants, shops and super markets. About 17 varieties of products could be made from banana. The primary product of banana in market is “fried wafers and candy” which constitute around 31 %, rest as banana puree 9%, banana pulp 3%, banana beer 3%, banana wafers 3%, banana powder 6% and others.
Few Indian major players are as under
Balaji Wafers Pvt. Ltd
Hello Indo Food Products Pvt. Ltd.
A D F Foods Ltd.
Sweet India Pvt. Ltd.
Sushma Snacks Pvt. Ltd.
Pure N Sure Food Bites Pvt. Ltd.
Parle Products Pvt. Ltd.
Laxmi Snacks Pvt. Ltd.
Kishlay Foods Pvt. Ltd.