Global Banana Flour Market Size, Trends & Growth Opportunity, By Process Type, By Source, By Form, By End-Use, By Distribution Channel, By Application, By Region and Forecast Till 2027.

Global Banana Flour Market Size, Trends & Growth Opportunity, By Process Type, By Source, By Form, By End-Use, By Distribution Channel, By Application, By Region and forecast till 2027.

Global Banana Flour Market

Global Banana Flour Market was valued at USD 760.7 million in 2021 and is anticipated to reach USD 935.5 million by 2027 at a CAGR of 4.9% from 2022-2027.

One of the most popular and often utilised fruits in tropical and subtropical areas is the banana. Bananas in their green state are used to make banana flour. It offers a variety of advantages and qualities, including being rich in dietary fibres, carbs, potassium, cellulose, starch, and resistant starch. The nutritional profile of banana flour makes it a known functional component. Prebiotic fibre, which is present in bananas, helps to improve intestinal health and reduce belly fat. Additionally useful for digestion is prebiotic fibre. Banana flour may aid in weight loss and blood sugar regulation, lessen cholesterol levels, alleviate metabolic syndrome symptoms, support a healthy colon, and help weight loss.

Market Drivers

An increase in the number of consumers who are health-conscious and their choice for clean label items in daily diet are predicted to be the main drivers of market expansion. It has a low-calorie count and is used as a gluten-free product. Consequently, there has been a rise in the demand for banana flour. The preference for banana flour among infants in terms of digestion is growing, and the use of cutting-edge manufacturing techniques is increasing, which accelerates market expansion. The widespread use of the product in the production of goods for a variety of uses, including confectionery, filling and dressing, bakery and snacks, and baby food, among others, has a favourable impact on the banana flour market.

Market Restraints

It is anticipated that reduced R&D, lower pricing, and unstable economic conditions will limit market expansion for banana flour.

Impact of COVID-19

The pandemic has affected the food business, notably the demand for banana flour. The demand for banana flour has increased due to the rise of gluten-free products. Nevertheless, trade and supply chain obstructions have reduced banana flour output as a result of the disease outbreak.

Consumers are gradually embracing healthier eating practises, which is fueling a growing market for goods like banana flour. Additionally, the pandemic has altered how consumers view food consumption, and selecting nutritious ingredients is now of the utmost importance. As a result, the flour food business is being encouraged to use the excess stock by turning it into things like banana flour. Due to their great nutritional content, people are buying more of these unripe banana flour products.

Market Segmentation

The Global Banana Flour Market is segmented into Process, Source, Form, End-Use, Distribution Channel, Application. By Process such as Freeze Dried, Spray/Drum Dried, Sun Dried, Others. By Source such as Organic, Conventional. By Form such as Ripen, Unripen. By End-Use such as Food Industry, Beverages, Retail/Household, Others. By Distribution Channel such as Direct Sales, Indirect Sales (Supermarkets & Hypermarkets, Grocery Stores, Online Retail, Others). By Application such as Households, Pet and Food Industry, Beverages.

Regional Analysis

The Global Banana Flour Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2020, Asia Pacific dominated the market and had the highest revenue share of about 35.9%. The top banana-producing nations worldwide are India, China, the Philippines, Indonesia, and others. The markets for banana flour in North America considerably contribute to the expansion of the global market. The areas are thought to be among the top banana producers, which is expected to promote the expansion of the banana flour sector. In the upcoming years, Latin America and Middle East Africa are expected to experience a robust increase because to their greater production rates.

Key Players

Various Key Players are listed in this report such as Pereg Gourmet Spices, Dr. Food Banatone, Seawind Foods, Woodland Foods, Divine Foods, APKA Industries, Miski Organics, Saipro Biotech Private Limited, LiveKuna, Diana Foods.

Market Taxonomy

By Processes

• Freeze Dried
• Spray/Drum Dried
• Sun Dried
• Others

By Sources

• Organic
• Conventional

By Form

• Ripen
• Unripen

By End-Use

• Food Industry
• Beverages
• Retail/Household
• Others.

By Distribution Channel

• Direct Sales
• Indirect Sales

Supermarkets & Hypermarkets

Grocery Stores

Online Retail

Others

By Application

• Households
• Pet and Food Industry
• Beverages.

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa