Banana Flour Market Analysis & Forecast 2024-2030

Global Banana Flour Market is expected to reach USD 629.33 million by 2030 with CAGR of 4.1% between 2024 and 2030

Overview

Banana flour is a powder which is made of green bananas. It has been used in Africa and Jamaica as a low cost alternative to wheat flour. Banana flour helps in lowering blood sugar levels and PH levels and helps to reduce cell damage. Banana flour is good for health and it is usually produced with green bananas. The green bananas are peeled, chopped, dried, and then ground. The green banana process requires eight to ten kg of raw green bananas to produce one kg of banana flour. Banana flour is made from dried and ground fully ripened banana puree. The banana flour which is made from dried and fully ripened bananas, does not contain the fiber of banana peel flour content and resistant starch of green banana flour.  

The demand for banana flour from food industry is high and it is expected to reach the larger market value in future. Using ripe banana waste Chile has been developing a different method of banana flour production. These flours are marketed as a gluten-free alternative to wheat-based flours for those suffering from celiac disease and those who choose a gluten-free diet. Banana flour has excellent cooking characteristics that allow it to replace wheat and other flours. Banana flour is also used in cooked products like pasta. Dynasty is the company of Banana Flour Manufacturing and Trading in the Philippines and Taj Agro Products in India export banana flour worldwide for use in livestock feeds and for use in glue production, mainly plywood glue. Banana production has been associated with the using of poor workers in third-world countries. Banana flour production is naturally and closely connected with some consumers who are worry about where the bananas going into their flour are sourced. Various large banana producers have recently agreed to lawful trade business practices, which have been shown to increase labors welfare.  

Product type & Competitive analysis

Global Banana flour Market is divided into organic banana flour and conventional banana flour. Organic Banana Flour is a tasty and high-quality alternative to traditional wheat-based flours. It contains resistant starch (RS2), a prebiotic fiber used to grow the healthy probiotics in your gut. Organic banana flour is made from 100% unripe green bananas, this all-natural flour is loaded with nutrients. It's especially high in potassium and resistant starch, a prebiotic fiber that supports digestive health and lowers blood sugar. Banana flour can be used in everyday baking to create tasty baked goods. The conventional banana flour is used in bakery, snacks, infant foods sauces etc. Due to rising demand for organic product from the food and retail industries, the volume share for organic banana flour is being anticipated to higher than the conventional segment.  

Application & Regional analysis

On the basis of application, banana flour is divided into Beverages, Pet Food and Feed Industry, Household, and Food Industry. Banana flour majorly used in foods and beverages. It is used in food products like cakes, pastries, pasta, pancakes and other. It is also used in various Kinds of drinks. Many kind of drinks are using banana flour while making it. Banana flour market functions at the intersection of pet food and feed and food and beverage industry. Traditionally used wheat powders and flours in the F&B industry are being fast-replaced by banana flour as consumer with celiac diseases seeks gluten-free and starch-resistant products.  

Geographical analysis of market divided into several key reasons like North America, Europe, China, Japan, India, and Southeast Asia. Globally, Asia pacific is expected to dominate as well as register the highest CAGR in the banana flour market during the forecast period. Banana flour is by American and Australian firms, International Agriculture Group, and Natural Evolution. In different parts of the world Banana flour is used as animal feed. It is traditionally available in Africa and South America, both from traditional and commercial production. Around forty five percent share of the total banana flour market revenue is accounted by MEA market for banana flour, which is majorly driven by East and West African regions. Banana flour is largely consumed in the major regions of Asian countries like India and Australia. India is at the top position in the cultivation of the banana among the other countries. The environmental impact of those crops would be reduced, and world food production would be increased as a once-wasted foodstuff would now be used.  

Global Banana Flour Market : Product Type

• Organic Flour
• Conventional Flour

Global Banana Flour Market : Application

• Beverages
• Pet Food and Feed Industry
• Household
• Food Industry

Global Banana Flour Market : Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Banana Flour Market :

• United Food Group
• NOW Foods
• Hearthy Foods
• WEDO Gluten Free Banana Flour
• PEREG
• Blue Lily Organics
• GreatThings4Life
• NuNaturals
• Nutryvitta
• JEB FOODS
• Anthony's Goods
• Simple Mills
• Hearthy Foods
• King Arthur Flour

Geographical analysis of Global Banana Flour Market :

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Banana Flour Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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