What is the global market size of the Banana Flour Market?

Global Banana Flour Market size was valued at USD 803.57 billion in 2021 and is poised to grow from USD 859.02 billion in 2022 to USD 1370.39 billion by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).

Global Banana Flour Market Size, Share, Growth Analysis, By Natural(Organic and Conventional), By Form(Ripen and Unripe) - Industry Forecast 2024-2031

Report ID: SQMIG30H2131 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 59 | Figures: 77

Global Banana Flour Market News

In February 2023, Banana partnership announced in Somalia by Fresh Del Monte and Talc Investment

In July 2022, Tropic Biosciences, a company that edits crop genes, received $35 million in new funding. According to Tropic Biosciences, because of its initial focus on rice, coffee, and bananas, their technique has the potential to affect more than half a billion people worldwide. Each of those three markets is valued more than $400 billion.

Global Banana Flour Market Report Snapshots

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Banana Flour Market size was valued at USD 803.57 million in 2021 and is poised to grow from USD 859.02 million in 2022 to USD 1370.39 million by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).

Market participants operating in the industry are expanding their investments in R&D operations to create the highest-quality banana flour at competitive pricing. In order to guarantee a steady supply for customers, manufacturers are also expected to form alliances with e-commerce portals. To expand their geographical presence and product availability, major firms are concentrating on merging with and buying small and medium-sized banana flour suppliers and producers. 'Zuvii (United States)', 'International Agriculture Group (United States)', 'Diana Group (France)', 'Stawi Foods and Fruits Limited (Kenya)', 'Ingleton Company LLC (United States)', 'Pereg Gourmet (Israel)', 'Nutryttiva Alimentos Ltda (Brazil)', 'Barely Bread (United States)', 'KADAC Pty Ltd (Australia)', 'WEDO Banana Flour (United States)', 'NuNaturals (United States)', 'Banana Flour Manufacturers Ltd. (United Kingdom)', 'ADM Wild Europe GmbH & Co. KG (Germany)', 'Naturkostbar AG (Switzerland)', 'Banafood Services (Ecuador)', 'JAB Dried Banana Flour (Thailand)', 'Cambrian Solutions Inc. (Canada)', 'Iban Int. Ingredients (Netherlands)', 'H.E. Beasley & Co. (United States)', 'Diana Food (United States)', 'Queen Anne's Lace (United States)', 'Earth's Choice BV (Netherlands)'

With a growing focus on health and wellness, consumers are increasingly seeking out healthier food options. Banana flour, being a natural and gluten-free ingredient with high resistant starch content, fiber, and other essential nutrients, is gaining popularity among health-conscious consumers. The demand for banana flour is driven by its potential health benefits, such as improved gut health, weight management, and blood sugar regulation, which are driving its adoption in various food and beverage applications.

With the growing consumer demand for gluten-free and grain-free products, banana flour is gaining popularity as a suitable alternative to traditional flours like wheat flour. Banana flour is naturally gluten-free and grain-free, making it an attractive option for consumers with celiac disease, gluten sensitivity, or those looking for alternative flour options. The increasing demand for gluten-free and grain-free products is driving the adoption of banana flour in various food and beverage applications.

Asia Pacific dominated the market and had the highest revenue share, at about 35.9%. The world's top banana producers include nations like India, China, the Philippines, Indonesia, and many more. Asia Pacific is also one of the most populous regions with the biggest food and beverage consumption base. Although bananas are historically eaten as fruit in the Asia Pacific region, the popularity and health advantages of banana flour have caused a change in consumption patterns over the past 10 years.

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Global Banana Flour Market Size, Share, Growth Analysis, By Natural(Organic and Conventional), By Form(Ripen and Unripe) - Industry Forecast 2024-2031

Global Banana Flour Market News

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