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According to a new report by EMR titled, ‘Global Banana Flour Market Report and Forecast 2021-2026’, the global market for banana flour is projected to grow at a CAGR of 4% in the forecast period of 2021-2026.
The global banana flour industry is primarily being driven by the health benefits of the product and the rising demand for gluten-free products. The banana flour industry is also being supported by the baking industry. Banana flour is a healthy alternative to all-purpose flour, giving better results than the latter. Banana flour can be used directly without it being blended with anything. It is becoming increasingly popular in the baking industry as a baking agent as it helps provide a grainy, light, and fluffy texture to baked goods.
North America is one of the leading markets for banana flour. The industry in the region is booming, especially due to the rising awareness among the health-conscious consumers. The market is also being driven by the rising adoption of the flour by people on weight-loss diets. Recently, the FDA listed RS as a dietary fibre from banana flour. The rising occurrence of celiac disease in the region is also propelling the growth of the banana flour industry as it is widely marketed as a gluten-free alternative to wheat flour.
The overall banana flour industry is expected to be driven by the rising demand for organic food ingredients. As the product is commonly available on various distribution channels, including online retailers like Amazon.com, Inc. (NASDAQ: AMZN) and hypermarkets like Walmart Inc (NYSE: WMT), the sales of the product is also witnessing a boost with the growing penetration of these retail giants into emerging markets.
Market Analysis by Source, Process, Application, End Use, Distribution Channel, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global banana flour market are Natural Evolution, International Agriculture Group, and Ceres Enterprises Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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*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.
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