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Banana Flour Market Size

  • Report ID: GMI6502
  • Published Date: Aug 2023
  • Report Format: PDF

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of banana flour recorded USD 820.6 million in 2022 and is set to reach USD 1531.7 million by 2032.

Traditional sun-drying process segment share was around 42% in 2022, as the method is cost-effective compared to more specialized processes, appealing to manufacturers seeking economical options.

U.S. market size was over USD 173 million in 2022, owing to the preference for gluten-free and grain-free diets among consumers that has led to increased demand for alternative flours like banana flour.

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.

Banana Flour Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 246
  • Countries covered: 21
  • Pages: 200
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