Banana Flour Market
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The global banana flour market size was valued at USD 916.1 million in 2024 and is estimated to grow at a CAGR of over 6.5% between 2025 and 2034. The market is experiencing robust growth, driven by rising consumer demand for gluten-free, plant-based, and nutritious food alternatives. Made from green bananas, banana flour is gaining popularity due to its high fiber content, prebiotic properties, and low glycemic index, making it a preferred choice for health-conscious consumers.
It is widely used in the food and beverage industry, particularly in gluten-free products, baked goods, and snacks. Additionally, banana flour is finding increasing applications in dietary supplements and animal nutrition. With growing awareness of its health benefits and the expanding trend toward clean-label products, the banana flour industry is poised for continued expansion across global regions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Banana Flour Market size in 2024: | USD 916.1 Million |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 6.5 |
| 2023 Value Projection: | USD 1.7 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 235 |
| Tables, Charts & Figures: | 165 |
| Segments Covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The banana flour industry is witnessing several key trends, including a growing shift toward gluten-free, plant-based, and natural food products driven by rising health-consciousness among consumers. As demand for gluten-free alternatives increases, banana flour is gaining traction due to its high fiber, low glycemic index, and rich nutritional profile.
The market is also seeing innovation in product applications, with banana flour being incorporated into baked goods, snacks, and baby foods, as well as in dietary supplements. Sustainability is another significant trend, as banana flour is produced from surplus green bananas, contributing to waste reduction. Additionally, the rise of e-commerce and consumer interest in clean-label products are fueling market expansion.
The banana flour industry is experiencing strong growth, driven by increasing consumer preference for gluten-free, plant-based, and nutritious alternatives. Its high fiber content, low glycemic index, and versatility in various applications such as baking, snacks, and dietary supplements have positioned it as a popular ingredient in health-conscious food products. The market is further supported by the rising demand for clean-label and sustainable products, as banana flour is derived from surplus green bananas, contributing to waste reduction.
Key players in the market are focusing on product innovations and strategic collaborations to expand their reach, particularly in North America and Europe, where demand for gluten-free and functional food ingredients is on the rise. The banana flour industry is expected to continue growing as awareness of its health benefits and eco-friendly production methods spreads globally.
Based on type, the banana flour market is segmented raw banana flour, ripe banana flour, others. The raw banana flour segment dominates the market by generating USD 461.5 million revenue in 2024. Raw banana flour is the fastest-growing segment within the banana flour industry, driven by its increasing popularity as a gluten-free and highly nutritious alternative to traditional flours.
This segment benefits from raw banana flour’s high resistant starch content, which offers digestive health benefits and supports weight management. As consumers continue to prioritize healthier, plant-based ingredients in their diets, raw banana flour is being incorporated into a variety of food products, including baked goods, snacks, and smoothies. Its versatility, combined with growing awareness of its functional properties, is propelling its rapid growth in the market, particularly among health-conscious and gluten-intolerant consumers.
Based on application the banana flour market is segmented into the food and beverages, dietary supplements, animal nutritions, others. The food and beverages segment hold a dominant market share of 50.4% in 2024, driven by the increasing demand for gluten-free and functional ingredients in a variety of food products. Raw banana flour, known for its high fiber content, low glycemic index, and prebiotic properties, is being widely incorporated into gluten-free baked goods, snacks, beverages, and ready-to-eat meals.
As consumers shift toward healthier, plant-based diets, the versatility of raw banana flour in providing texture, binding, and nutritional benefits makes it a preferred choice in the food and beverage industry. This trend is expected to continue as more brands embrace clean-label and nutritious ingredients to cater to the growing demand for health-conscious food options.
The U.S. banana flour market size dominated around USD 237.3 million in 2024, led by rising consumer demand for gluten-free and health-conscious food options. Increased awareness of the health benefits of banana flour, such as its high fiber content, prebiotic properties, and low glycemic index, has further fueled this trend. The growing popularity of plant-based diets and clean-label products also supports the demand for alternative flours like banana flour, making it a sought-after ingredient in both the food and beverage industry and dietary supplements.
In North America, the banana flour industry is also witnessing strong growth. The region's expanding focus on healthy eating, coupled with a growing number of consumers seeking gluten-free and allergen-free options, has created a robust demand for banana flour. North American companies are investing in innovative product development and marketing strategies to cater to this demand, further driving the industry expansion. With increased distribution channels and collaborations across food, beverage, and health sectors, North America is expected to remain a key player in the global banana flour industry.
The banana flour industry has seen significant growth, with key players like ADM, Diana Foods, EPHRAIM, Fleurieu Ingredients, and Futoska Organic Food leading the charge. These companies have expanded their offerings to meet the rising demand for gluten-free and health-conscious alternatives in food products. With increasing consumer awareness about the benefits of banana flour, such as its high fiber content and nutritional value, these companies have capitalized on new product innovations and strategic partnerships. The market is expected to continue growing as these companies strengthen their positions and explore new applications in dietary supplements, animal nutrition, and other sectors.
Major players operating in the banana flour industry are:
Market, By Type
Market, By Application
The above information is provided for the following regions and countries:
The key players in the industry include ADM, Diana Foods, EPHRAIM, Fleurieu Ingredients, Futoska Organic Food, International Agriculture, Natural Evolution Foods, NutraEZ, Nutry Nuts, Paradisefruit, Pereg Natural Foods, Royal Nut, Sensient Colors, Stawi Foods and Fruits, and Zuvii.
The food and beverages segment held a 50.4% market share in 2024, fueled by the rising use of banana flour in gluten-free baked goods, snacks, beverages, and ready-to-eat meals due to its high fiber content and prebiotic properties.
The U.S. market was valued at approximately USD 237.3 million in 2024, supported by growing consumer preference for gluten-free and health-conscious food options.
The market size of banana flour reached USD 916.1 million in 2024 and is set to grow at a CAGR of over 6.5% from 2025 to 2034, led by increasing demand for gluten-free and plant-based food alternatives.