The new report by Expert Market Research titled, ‘Global Banana Flour Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global banana flour market, assessing the market based on its segments like sources, processes, applications, distribution channels, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
The demand in the food industry is high, and in the near future, it is projected to increase further. The most important factor that is driving the market for banana flour is an increase in the green banana production. In addition, due to the increased awareness of banana flour being a gluten-free food, the demand for the product has increased due to the rising demand for gluten-free food.
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Industry Definition and Major Segments
Banana flour is a powder derived from green bananas that are rich in carbohydrates, dietary fibres, essential amino acids, cellulose, hemicellulose, starch, and others and is used in various baked foods as a gluten-free alternative to wheat flour.
On the basis of source, the industry is divided into:
By process, the industry is divided into:
• Freeze Dried
• Spray Dried
• Sun Dried
On the basis of application, the industry is divided into:
• Food and Beverage
• Feed Industry
On the basis of end use, the industry is divided into:
• Commercial use
• Residential use
On the basis of distribution channel, the industry is divided into:
• Direct Sales
• Indirect Sales
On the basis of region, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
A large number of companies are catering to the steadily growing demand for banana flour, which makes the banana flour market a fragmented landscape. The increasing demand and improving the distribution channels are leading to the easy availability of banana flour, further catalysing the market growth. As it boosts the immune system and provides many health benefits, banana flour is witnessing a robust demand from the health-conscious consumers. The rising adoption of banana flour in various bakeries and other end-uses and increased production of green banana will accelerate the growth of the banana flour market. Low commodity prices, sluggish economic growth, and low technologies serve as a restrictive factor to the banana flour market growth. Improvements in the market scenario are expected to enable producers and key businesses to be more creative with the growing use of banana flour in the bakery segment and other end-uses.
Key Market Players
The major players in the market are Natural Evolution Limited, International Agriculture Group, and Ceres Enterprises Ltd (TYO: 3696), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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