The report is titled ‘Banana Flour Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’, and presents a brief about every aspect of the global market. According to this comprehensive research report, the global banana flour market is expected to reach a market value of US$ 730 Mn by the end of 2027. The global banana flour market is anticipated to witness a growth at a sluggish CAGR of around 3.8% during the forecast period. The betterment in the market scenario with increasing adoption of banana flour in bakery and other end uses, will encourage the manufacturers and key businesses to be more innovative.
Banana flour is a powdered ingredient generally made from green banana or plantains. It is often used as a gluten free ingredient and added in various baked goods. Flour has a moisture content of about 4%-6%. A new research report by Future Market Insights, highlights the current scenario of the banana powder market and its demand and consumption in various applications.
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Predominantly driven by the gluten-free wave trending in the food and beverages industry, alternative flours such as banana four are slated to witness steadily growing popularity over the next few years. The global banana market is expected to reach beyond the revenue worth US$ 735 Mn towards the end of 2027. Witnessing steady expansion at a CAGR of just under 4% over 2017-2027, the market is poised to fetch growing consumption among consumers as well as end user segments in F&B sector.
According to a recent market research intelligence on banana flour, Future Market Insights expects that rising consumption of green (cooking) banana and soaring demand for banana flour for dressings, condiments, and sauces will prominently drive the growth of banana flour over the forecast period.
The global banana flour market’s growth is helped by the increase in production of green bananas or cooking bananas. Banana production has grown rapidly, registering a performance of +15 percent since 2008. Though dessert bananas account for 60% of the total production, the cooking banana sector has witnessed a steady growth in terms of production, indicating a rise in the demand for green bananas. There has also been a rise in the awareness about banana flour being a gluten free product.
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Global Brands and Local Manufacturers of Grain Flour Alternatives to Govern Competitive Landscape in Banana Flour Market
The global consumption of banana flour is forecast to surpass 400,000 MT by the end of 2027. The steadily growing demand for banana flour is catered by a large number of companies, which make the market a fragmented landscape. A majority of key companies competing in the global banana flour landscape are based in the US and hold key market presence across North America. Besides large players, a significant number of domestic enterprises or manufacturers of grain flour alternatives such as banana flour play a crucial role in shaping the competitive landscape of the market.
Banana Flour Consumption to Witness a Steady Surge Owing to an Edge over Other Sources of Resistant Starches
Banana flour is rich in resistant starch (RS) that resists the process of blood sugar breakdown, eventually reducing the blood glucose level. Moreover, research has proven the capability of RS in green banana flour to help in proliferation of gut-healthy microbial population, offering a wide range of benefits to the gut health promoting a healthy colon. Banana flour RS thus also serves as an effective probiotics carrier, boosting the immune system.
Global Banana Flour Market: Competitive Landscape
The research report covers details about major players in the industry. It provides the readers with a brief profile of the key players. Some of the major companies mentioned in the report are Zuvii, NuNatural Inc., Diana Foods, NOW Health Group Inc., Paradisefrucht GmbH, Kanegrade Ltd, ADM Wild Europe GmbH & Co. KG, International Agriculture Group, Stawi Foods and Fruits Limited etc.
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Detailed Market Segmentation
- Pet Food and Feed Industry
- Food Industry
- Bakery & Snacks
- Infant Foods
- Filling and Dressings
- Soups and Sauces
- Direct Sales
- Indirect Sales
- Modern Trade
- Convenience Store
- Specialty Store
- Other retail format
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