The Europe Banana Flour Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
Banana flour is made from green bananas that have been peeled, cut, dried, and crushed. This procedure can also be done by hand, with the bananas being sun-dried, oven-dried, or dried in a home food dryer, and then ground in a pestle and mortar or with a motorized grinder. To make 1 kilogram of banana flour, the green banana technique requires nearly 8–10 kg of raw green bananas. Large-scale commercial production has started in numerous countries all over the world in recent years, utilizing the same basic technology.
Moreover, several developed countries are also working on new methods of producing banana flour, such as through ripe banana trash. Researchers have also devised a method for adding nutritional fiber to mature banana fruit that lacks the resistant starch qualities of green bananas. Banana flour is created from dried and crushed fully ripened banana puree and hence lacks the fiber and resistant starch found in banana peel flour and green banana flour.
Germany's food and beverage industry is the fourth-largest industry sector of the country, with production valued approximately EUR 163.3 billion in 2011, up 8% from 2010. The business is majorly known for its small and medium-sized firm sector, which employs approximately 6,000 people. Meat and sausage goods (23%), dairy products (16%), baked goods (9%), and confectionery are the most valuable industry segments in terms of production value (8%). Nestlé, Dr. Oetker, Coca-Cola, Vion Food Group, Tchibo, and Kraft Foods are a few of the leading corporations operating in the country. In 2010, the German food and beverage sector spent EUR 355 million on research and development.
In addition, the disposable income of the regional population is also rising, due to which, they are more prone to purchasing high-quality premium products. As a result of the health benefits of banana flour, its demand is estimated to significantly surge in the coming years. These factors are propelling the growth of the banana flour market in the region.
The Germany market dominated the Europe Banana Flour Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $73.3 million by 2028. The UK market is estimated to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The France market would witness a CAGR of 6.6% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Processing, the market is segmented into Spray/Drum Dried, Sun Dried, Freeze Dried, and Others. Based on Form, the market is segmented into Unripen and Ripen. Based on Distribution Channel, the market is segmented into Direct Sales and Indirect Sales. Based on End-use, the market is segmented into Food Industry, Beverages, Retail/Household, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Banana Flour Market will Hit $1.1 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Symrise AG (Diana Foods), Woodland Foods Limited, Saipro Biotech Private Limited, LiveKuna, Pereg Natural Foods Inc., Seawind International, LLC, NuNaturals Ltd., Miski Organics (Miski Group), and Synergy Food Industries.
By Nature
By Processing
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By Distribution Channel
By End-use
By Country
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