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Global Banana Flour Market to Grow at a CAGR of 4% During 2021-2026, Aided by the Rising Demand for Gluten-Free Food Products

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Global Banana Flour Market: By Source: Organic, Conventional; By Process: Freeze Dried, Spray Dried, Sun Dried, Others; By Application: Food and Beverage, Feed Industry, Others; By End Use; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Banana Flour Market Outlook

The global banana flour market is expected to grow at a CAGR of about 4% in the forecast period of 2021-2026. The market is expected to be positively influenced by the rising demand for gluten-free food products.

 

Global Banana Flour Market

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Asia Pacific and North America to Significantly Aid the Banana Flour Market

North America and the Asia Pacific banana flour markets are significantly supporting the growth of the global market. Both the regions are considered to be among the major producers of bananas, which is projected to support the growth of the banana flour industry. Within the Asia Pacific region, some of the leading consumer markets include India and Australia. The Asia Pacific, especially India, witnesses a large production volume of bananas every year, which is leading to the growth of the banana flour industry in the region. North America, meanwhile, has been witnessing a surge in the demand for banana flour as the product is abundantly being used in the making of infant food. The product is widely consumed in the region due to its rising use in bakery products like pastries, cakes, and others. The product has a high demand in the regional markets as it is gluten-free and also helps in losing weight. Apart from the Asia Pacific and North America, Latin America and Middle East Africa are also registering higher production rates and are likely to witness a healthy growth in the coming years.

 

Global Banana Flour Market by Application

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Banana Flour: Industry Definition and Segmentation

Banana flour refers to the powder that is made using green bananas. Banana flour is also considered to be a cheaper alternative to wheat flour in Africa and Jamaica. It encourages the growth of healthy bacteria in the gut and is also a healthy alternative to regular flour. It significantly helps in losing weight.

Based on source, the industry can be divided into:

  • Organic
  • Conventional

The processes used in the industry can be segmented as follows:

  • Freeze Dried
  • Spray Dried 
  • Sun Dried
  • Others

The industry is further divided on the basis of application into food and beverage, feed industry, and others. The food and beverage segment can be further divided on the basis of types as follows

  • Bakery and Snacks
  • Confectionery
  • Infant Foods
  • Soups and Sauces
  • Others

The end-uses of the product include commercial use and residential use. The distribution channels of the product can be divided into direct sales and indirect sales. Indirect sales can be further divided into type as follows:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Online Retailers 
  • Others

The regional markets for banana flour can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Banana Flour Market by Region

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Rising Health Consciousness Among Consumers to Boost the Market Growth

The global banana flour industry is primarily being driven by the rising awareness about its health benefits. The product is gluten-free, balances blood sugar levels, and is high in fibre, minerals, and vitamins, including zinc, vitamin E, magnesium, manganese, and potassium. Banana flour also helps reduce cholesterol, improve heart health, and helps in nerve and muscle activities. These factors are increasingly attracting health-conscious consumers as the product acts as a healthy alternative to regular flour. Apart from its nutritious content, the product is also widely demanded in the bakery industry to prepare bread, cakes, pastries, pancakes, and pasta, among other bakery products. Banana flour strengthens the immune system as it serves as a carrier of large intestinal probiotics. This factor is further aiding the growth of the market.

 

Key Industry Players in the Global Banana Flour Market

The report gives a detailed analysis of the following key players in the global banana flour market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Natural Evolution
  • International Agriculture Group
  • Ceres Enterprises Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Banana Flour Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Banana Flour Historical Market (2016-2020) 
    8.3    Global Banana Flour Market Forecast (2021-2026)
    8.4    Global Banana Flour Market by Source
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Banana Flour Market by Process
        8.5.1    Freeze Dried
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Spray Dried 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Sun Dried
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Banana Flour Market by Application
        8.6.1    Food and Beverage
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
            8.6.1.4    Breakup by Type
                8.6.1.4.1    Bakery and Snacks
                    8.6.1.4.1.1    Market Share
                    8.6.1.4.1.2    Historical Trend (2016-2020)
                    8.6.1.4.1.3    Forecast Trend (2021-2026)
                8.6.1.4.2    Confectionery
                    8.6.1.4.2.1    Market Share
                    8.6.1.4.2.2    Historical Trend (2016-2020)
                    8.6.1.4.2.3    Forecast Trend (2021-2026)
                8.6.1.4.3    Infant Foods
                    8.6.1.4.3.1    Market Share
                    8.6.1.4.3.2    Historical Trend (2016-2020)
                    8.6.1.4.3.3    Forecast Trend (2021-2026)
                8.6.1.4.4    Soups and Sauces
                    8.6.1.4.4.1    Market Share
                    8.6.1.4.4.2    Historical Trend (2016-2020)
                    8.6.1.4.4.3    Forecast Trend (2021-2026)
                8.6.1.4.5    Others
        8.6.2    Feed Industry
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Banana Flour Market by End Use
        8.7.1    Commercial Use
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Residential Use
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Banana Flour Market by Distribution Channel
        8.8.1    Direct Sales
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Indirect Sales
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
            8.8.2.4    Breakup by Type
                8.8.2.4.1    Hypermarkets and Supermarkets
                    8.8.2.4.1.1    Market Share
                    8.8.2.4.1.2    Historical Trend (2016-2020)
                    8.8.2.4.1.3    Forecast Trend (2021-2026)
                8.8.2.4.2    Convenience Stores
                    8.8.2.4.2.1    Market Share
                    8.8.2.4.2.2    Historical Trend (2016-2020)
                    8.8.2.4.2.3    Forecast Trend (2021-2026)
                8.8.2.4.3    Online Retailers 
                    8.8.2.4.3.1    Market Share
                    8.8.2.4.3.2    Historical Trend (2016-2020)
                    8.8.2.4.3.3    Forecast Trend (2021-2026)
                8.8.2.4.4    Others
    8.9    Global Banana Flour Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operation Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Natural Evolution
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    International Agriculture Group
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Ceres Enterprises Ltd
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Others
15    Industry Events and Developments

 

Additional Customisations Available:

1.    Project Requirement and Cost Analysis
    1.1    Land, Location and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Banana Flour Market: Key Industry Highlights, 2016 and 2026
2.    Global Banana Flour Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Banana Flour Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Banana Flour Historical Market: Breakup by Process Type (USD Billion), 2016-2020
5.    Global Banana Flour Market Forecast: Breakup by Process Type (USD Billion), 2021-2026
6.    Global Banana Flour Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Banana Flour Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Banana Flour Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global Banana Flour Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global Banana Flour Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
11.    Global Banana Flour Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
12.    Global Banana Flour Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Banana Flour Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Banana Flour Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Banana Flour Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Banana Flour Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Banana Flour Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Banana Flour Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Banana Flour Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Banana Flour Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Banana Flour Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Banana Flour Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Banana Flour Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    North America Historical Price Trends and Forecast 2016-2026
25.    Europe Historical Price Trends and Forecast 2016-2026
26.    Asia Pacific Historical Price Trends and Forecast 2016-2026
27.    Latin America Historical Price Trends and Forecast 2016-2026
28.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
29.    Global Banana Flour Market Structure

Key Questions Answered in the Report

What is the growth rate of the global banana flour market?

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, increasing health consciousness, rising use in bakery products and infant food, and growing production of bananas, are expected to aid the market growth.

What are the key industry trends in the market?

The key trend guiding the growth of the market includes the rising demand for gluten-free alternatives to wheat flour.

What are the major regional markets of banana flour, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading sources of banana flour in the industry?

The leading sources of banana flour in the industry are organic and conventional.

What are the major processes involved in the market?

The major processes involved in the market are freeze dried, spray dried, and sun dried, among others.

What are the significant application segments in the industry?

The significant application segments in the industry are food and beverage and feed industry, among others.

What are the leading end-use sectors in the market?

The leading end-use sectors in the market are commercial use and residential use.

What are the major distribution channels in the industry?

The major distribution channels in the industry are direct and indirect sales.

Who are the key industry players, according to the report?

The major players in the industry are Natural Evolution, International Agriculture Group, and Ceres Enterprises Ltd, among others.

Analyst Review

The global banana flour market is being driven by the rising use of the product in infant food and formula. Aided by the growing demand for gluten-free food, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By source, the market can be segmented into organic and conventional. Based on process, the industry is divided into freeze dried, spray dried, and sun dried, among others. On the basis of application, the industry is categorised into food and beverage, feed industry, and others. The major end-use segmented in the market are commercial use and residential use. Direct and indirect sales are the leading distribution channels in the industry. The major regional markets for banana flour are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Natural Evolution, International Agriculture Group, and Ceres Enterprises Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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