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).

Who are the key vendors in the Global Banana Flour Market?

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)'

Banana Flour Market Size, Share, Growth Analysis, By Natural, By Form, By Natural, By Form, By Processing By Distribution Channel, By Application, By End Use, By Region - Industry Forecast 2025-2032

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

Banana Flour Market Regional Insights

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.

The Middle East and Africa region are also witnessing significant growth in the banana flour market, driven by the increasing awareness about the nutritional benefits of banana flour, growing health and wellness trends, and expanding food and beverage industries. Countries such as South Africa, Egypt, and Nigeria are major contributors to the market growth in this region.

Banana Flour Market Report Snapshots

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Global Banana Flour Market size was valued at USD 859.02 million in 2022 and is poised to grow from USD 918.29 million in 2023 to USD 1566.03 million by 2031, at a CAGR of 6.9% during the forecast period (2024-2031).

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. 'Pereg Gourmet Spices ', 'Dr. Food Banatone ', 'Seawind Foods ', 'Woodland Foods ', 'Divine Foods ', 'APKA Industries ', 'Miski Organics ', 'Saipro Biotech Private Limited ', 'LiveKuna ', 'Diana Foods ', 'Synergy Food Industries ', 'Zuvii ', 'International Agriculture Group ', 'Diana Group ', 'Stawi Foods and Fruits Limited ', 'Ingleton Company LLC ', 'Pereg Gourmetâ¯ ', 'Nutryttiva Alimentos Ltda ', 'Barely Bread ', 'KADAC Pty Ltd '

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.

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Banana Flour Market Size, Share, Growth Analysis, By Natural, By Form, By Natural, By Form, By Processing By Distribution Channel, By Application, By End Use, By Region - Industry Forecast 2025-2032

Banana Flour Market Regional Insights

Banana Flour Market Report Snapshots

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What is the global market size of Banana Flour Market?

Who are the key vendors in the Banana Flour Market?

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