Banana Flour Market Size - By Type (Cavendish Banana Flour, Plantain Banana Flour, Red Banana Flour), By End-use (Food and beverages, Dietary Supplements, Animal Feed), Distribution Channel, Production Process & Global Forecast, 2023 – 2032

Banana Flour Market Size

Banana Flour Market size was valued at USD 820.6 million in 2022 and is estimated to witness 6.4% CAGR from 2023 to 2032. Consumers are increasingly seeking healthier food alternatives, and banana flour aligns with this trend due to its natural source, high fiber content, and potential nutritional benefits. Banana flour is naturally gluten-free and can serve as a suitable alternative for people with celiac disease or those following gluten-free and grain-free diets.
 

As the popularity of plant-based diets grows, banana flour serves as a valuable ingredient in plant-based and vegan recipes for baking, cooking, and smoothies. Resistant starch found in banana flour has gained attention for its potential benefits in promoting digestive health, controlling blood sugar levels, and aiding in weight management.

Fluctuations in banana supply due to weather conditions, disease outbreaks, or other factors can impact the availability and cost of raw materials for banana flour production. Maintaining consistent quality and characteristics of banana flour can be challenging due to variations in banana varieties, ripeness, and processing methods. Processing banana flour requires specialized equipment and expertise.
 

COVID-19 Impact

With restaurant closures and changing consumer behaviour, demand shifted from foodservice to retail, impacting purchasing patterns and affecting demand for ingredients like banana flour. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
 

Banana Flour Market Trends

The increasing popularity of plant-based diets has led to greater demand for natural, vegan-friendly ingredients like banana flour, which can be used in a variety of plant-based recipes. As more consumers adopt gluten-free and grain-free diets, banana flour's gluten-free and low-grain attributes make it an attractive option for creating alternative baked goods and snacks. Chefs and food manufacturers are experimenting with banana flour in innovative ways, using it to create new textures, flavors, and appearances in both sweet and savory dishes.
 

Banana Flour Market Analysis

The cavendish banana flour market dominated around USD 246.1 million revenue in 2022. The Cavendish banana variety is widely recognized for its sweet and familiar banana flavor. Cavendish banana flour can retain this flavor, making it appealing for consumers who seek the taste of traditional bananas in their recipes.
 

The Traditional Sun-Drying Process segment accounted for 42% of the banana flour market share in 2022. Conventional drying methods can be cost-effective compared to more specialized processes, appealing to manufacturers seeking economical options.
 

The banana flour market from food & beverages segment is anticipated to grow at 5.9% CAGR through 2032. Banana flour's gluten-free and allergen-free attributes cater to the food industry's demand for creating products suitable for consumers with dietary restrictions.

Based on end-use, the supermarkets and hypermarkets will gain remarkable momentum during the forecast timeline. Supermarkets and Hypermarkets provide easy access for consumers to purchase banana flour along with their regular grocery shopping.
 

U.S. banana flour market size held over USD 173.2 million in 2022. The prevalence of gluten-free and grain-free diets among North American consumers has led to increased demand for alternative flours like banana flour.
 

Banana Flour Market Share

Some of the major companies operating in the banana flour market are

• International Agriculture Group (AGRICO)
•  Pereg Natural Foods
•  Diana Foods
•  Natural Evolution Foods
• Zuvii
•  Stawi Foods and Fruits Limited
•  Paradisefruit Co., Ltd.
• Nutry Nuts
•  NutraEZ
•  ADM (Archer Daniels Midland Company)
•  Royal Nut Company
•  EPHRAIM GLOBAL
•  Sensient Colors LLC
• Futoska Organic Food
•  Fleurieu Ingredients
   

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Banana Flour Industry News:

• In June 2021, Edward & Sons Trading Co., Inc. launched Let's Do Organic® Green Banana Flour. This is made from unripe organic bananas before their sugar content has fully developed, then dried at low temperatures to retain the benefits of their nutrients and resistant starch.
   

This banana flour market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Cavendish Banana Flour
• Plantain Banana Flour
• Red Banana Flour
• Other Varieties

Market, By Production Process

• Traditional Sun-Drying Process
• Low-Temperature Dehydration Process
• Freeze-Drying Process

Market, By End-use

• Food and beverages
• Dietary Supplements
• Animal Feed
• Other Non-Food Applications

Market, By Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Convenience Stores

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt