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The global banana flour market size was US$ 801.3 million in 2021. The global banana flour market size is forecast to reach US$ 1,424.3 million by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2022 to 2030.
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Green bananas are historically used to make banana flour, a powder. It is frequently used as a gluten-free substitute for wheat flour or as a source of resistant starch, supported by recent nutritional research and several dieting fads like paleo and primal diets. Banana flour is a good substitute for white and white whole-wheat flour because it requires about 25% less volume and has a texture similar to lighter wheat flour. This is because banana flour is made from green bananas, which have a very mild banana flavor when raw and an earthy, non-banana flavor when cooked. Green bananas that have been peeled, sliced, dried, and processed into flour are typically used to make banana flour.
Factors Influencing Market Growth
The growing number of health-conscious consumers and rising preference for clean-label products in daily diet drive the global market.
The increase in demand for gluten-free food products boosts the global market growth.
The rise in the preference for banana flour for babies as far as digestion and the increasingly advanced and state-of-the-art manufacturing techniques fuel the global market growth.
The increased cost and availability of substitutes may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global market. The demand for banana flour has increased as gluten-free products become more and more popular. Despite this, the disease epidemic’s impact on trade and supply chains has decreased the amount of banana flour produced. As consumers adopt healthier eating habits, the demand for products like banana flour increases. Additionally, the epidemic has changed consumer perceptions of food consumption, and choosing healthy ingredients has been elevated to a top priority. This stimulates the flour industry to produce commodities like banana flour out of excess stock. People buy these unripe banana flour items more frequently because of their nutritious content.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increasing number of health-conscious customers, rapid veganism, and urbanization. In addition, high demand in the regional markets as it is gluten-free and helps lose weight.
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Leading Competitors
The leading prominent companies profiled in the global banana flour market are:
Pereg Gourmet Spices
Dr. Food Banatone
Seawind Foods
Woodland Foods
Divine Foods
APKA Industries
Miski Organics
Saipro Biotech Private Limited
LiveKuna
Diana Foods
Synergy Food Industries
Other Prominent Players
Scope of the Report
The global banana flour market segmentation focuses on Nature, Processing, Form, End-Use, and Region.
Segmentation based on Nature
Organic
Conventional
Segmentation based on Processing
Freeze Dried
Spray/Drum Dried
Sun Dried
Others
Segmentation based on Form
Ripen
Unripen
Segmentation based on End-User
Food Industry
Beverages
Retail
Household
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
The Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Meta Title: Banana Flour Market Size, Share, Insight, and Forecast 2022 to 2030
Meta Description: Global Banana Flour Market is projected to reach US$ 1,424.3 million by the end of 2030 from US$ 801.3 million in 2021, at a CAGR of 6.6%
Meta Keywords: banana flour market Size, banana flour market share, banana flour market trend, banana flour market Forecast, banana flour market insight
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