Key players include International Agriculture Group, Saipro Biotech Pvt Ltd, Now Foods, Diana Food SAS, Natural Evolution, and Ceres Organics, among others.
The global banana flour market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. The market is expected to be positively influenced by the rising demand for gluten-free food products.
Banana flour has come up as an alternative to regular wheat flour. Banana flour is made by milling dehydrated green bananas, resulting in flour with high levels of resistant starch. Green banana flour bakes well and is a scarce gluten-free flour. Less quantity of banana flour is usually required in baking than regular flour. Banana flour is versatile enough to work in nearly any dish that calls for all-purpose wheat flour. It is low on the glycemic index, which means that it also doesn’t spike blood sugar levels.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising demand for gluten-free food products across regions is a prime factor for the growth of the global banana flour market. It is also highly preferable for babies as far as digestion is concerned and in preventing various diseases in adults. Key players in the banana flour market space are focusing on advanced and state-of-the-art manufacturing techniques and organically produced banana flour to enhance their market standings. The Middle East and Africa will be a region to look at for maximum sales, closely followed by North America, Latin America, and South Asia.
The growing awareness about the health benefits of banana flour is propelling the global banana flour market forward. It is gluten-free, high in fibre, minerals, and vitamins like zinc, vitamin E, magnesium, manganese, and potassium, and helps to regulate blood sugar levels. Banana flour also aids in the reduction of cholesterol, the improvement of heart health, and the stimulation of neuron and muscle activity. Apart from its nutritional value, the product is in high demand in the bakery business, where it is used to make cakes, bread, pastries, pancakes, and pasta, among other baking items. Banana flour helps to enhance the immune system by carrying big intestinal probiotics. This factor is assisting the market's expansion even more.
Headquarters: Mooresville, North Carolina, United States
International Agriculture Group (IAG) is based in the United States and produces innovative tropical ingredients for the natural products and food and beverage markets worldwide. Their management team has senior-level experience in the consumer-packaged goods and food ingredients businesses.
Headquarters: Pune, Maharashtra, India
Saipro Biotech Pvt Ltd is a prominent manufacturer, supplier, wholesaler, trader and exporter of fruit powders, vegetable powders, spice powders and herbal powders of quality-assured vegetable powders, fruit powders, herbal powders and spice powders. The array of products includes vegetable powders, fruit powders, spices powders, medicinal herbs, ready to cook spice mix, food supplements / dietary supplements, and contract manufacturing of packed food items also giving services to pharmacy and food industries.
Headquarters: Bloomingdale, Illinois, United States
NOW produces high-quality natural products at affordable prices. They are among the respected leaders in the natural products industry, aiming to provide value in products and services that empower people to lead healthier lives. NOW manufactures and distributes over 1,500 dietary supplements, natural foods, sports nutrition, and personal care products. NOW’s state of the art manufacturing facility has been GMP certified since 2000, and its quality testing labs are among the best in the industry.
Headquarters: Antrain, France
The company enables food, beverage, and nutraceutical manufacturers to develop consumer goods that feature impactful product claims and meet the needs of today’s evolving consumers. Diana Food offers solutions to the food and beverage industry for consumer well-being, which has become of foremost importance to consumers worldwide. The company is committed to empowering consumers to be active caretakers of their wellness by bringing them innovative, natural solutions which provide health, pleasure and trust.
Headquarters: Auckland, New Zealand
Ceres Organics is the premier certified distributor of organic foods in Australasia with its flagship brand Ceres Organics. The company also operates in the health and beauty industry supplying skincare, haircare, and cosmetics to the conscious consumer. The company distributes to organic and health food stores, supermarkets, speciality food stores and co-ops, and food manufacturers.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.