The Worldwide Banana Flour Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 6.5%

Published Date: 30-Jun-2022

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Banana Flour Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Banana Flour Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.

The Organic segment is showcasing a CAGR of 10.1% during (2022 - 2028). Organic products have witnessed a significant increase in the demand as customers' preferences for healthy eating has grown. Numerous companies sell certified organic green banana flour, which is abundant in antioxidants and benefits human health and well-being. These factors are propelling the growth of this segment of the market.

The Spray/Drum Dried segment is leading the Global Banana Flour Market by Processing in 2021, thereby, achieving a market value of $520.9 million by 2028. The rising growth of the segment is attributed to the fact that the spray-drying method is widely being employed in banana flour production. The feeding flow of particulate fluids is sprayed into hot air during spray drying to produce dried particles. This approach has the quickest drying time. Because of its capacity to generate a consistent, reliable product with precise quality criteria, the spray drying technique has been embraced as a way of creating powders.

The Ripen segment has shown growth rate of 7.3% during (2022 - 2028). The growth of this segment is rapidly rising due to the increased use of flour in the manufacturing of infant food products. The increasing infant population all over the world is one of the major factors propelling the growth of this segment of the market.

The Direct Sales segment acquired maximum revenue share in the Global Banana Flour Market by Distribution Channel in 2021, thereby, achieving a market value of $871.7 million by 2028. Food and beverage businesses all over the world are turning to banana flour as a gluten-free option. Banana flour is becoming a popular component in baked goods, sweets, and desserts. Flour is an ingredient used by food and beverage businesses in their products. It is purchased in bulk by end-users for usage in a variety of foods and beverages. As a result, the growth of this segment is being driven owing to this factor.

The Retail/Household market is experiencing a CAGR of 6.9% during (2022 - 2028). Banana flour is traditionally consumed through the sun drying process in several countries. Because of its health benefits, consumers are utilizing banana flour in their dishes. Green banana flour is also low in sugar yet high in RS2-resistant starch, which can help people in managing their blood glucose levels while also providing a wide range of digestive advantages, making it a promising new gut health ingredient.

The Asia Pacific market dominated the Global Banana Flour Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $415.1 million by 2028. The Europe market is estimated to witness a CAGR of 5.8% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 6% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Banana Flour Market Segmentation

By Nature

  • Conventional
  • Organic

By Processing

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

By Form

  • Unripen
  • Ripen

By Distribution Channel

  • Direct Sales
  • Indirect Sales

By End-use

  • Food Industry
  • Beverages
  • Retail/Household
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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)
  • Synergy Food Industries

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Related Reports:

North America Banana Flour Market Size & Opportunities 2022-2028

Europe Banana Flour Market & Growth Forecast 2022-2028

Asia Pacific Banana Flour Market Share & Industry Outlook to 2028

LAMEA Banana Flour Market Growth, Trends & Forecasts 2022-2028

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