Banana Flour Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The banana flour market is expected to register a CAGR of 4.9% during the upcoming five years.
Key HighlightsThe global banana flour market is fragmented, with companies focusing on leveraging online platforms to improve the visibility and reachability of their products. Key players differentiate their offerings and compete on different factors, including product offerings, ingredients, packaging, price, functionality, and marketing activities, to gain a competitive advantage. Thus, companies offer various characteristics and benefits in their products to attract customers to buy their banana flour, such as gluten-free and the United States Department of Agriculture (USDA)-certified labels. Key players operating in the market are KADAC Pty Ltd, AIDP, and Natural Evolution. Most of them focus on effective marketing and promotional strategies and the extension of their gluten-free offerings portfolio. Moreover, mergers and acquisitions targeting global expansion will remain a key strategy for several companies in the banana flour market.
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