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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 (2017-2027); 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 2022-2027. The market is expected to be positively influenced by the rising demand for gluten-free food products.
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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.
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Banana Flour: Market 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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Process, Application, End Use, Distribution Channel, Region |
| Breakup by Source | Organic, Conventional |
| Breakup by Process | Freeze Dried, Spray Dried, Sun Dried, Others |
| Breakup by Application | Food and Beverage, Feed Industry, Others |
| Breakup by End Use | Commercial Use, Residential Use |
| Breakup by Distribution Channel | Direct Sales, Indirect Sales |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Natural Evolution, International Agriculture Group, Ceres Enterprises Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2017-2021)
8.3 Global Banana Flour Market Forecast (2022-2027)
8.4 Global Banana Flour Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Spray Dried
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Sun Dried
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.4.1.3 Forecast Trend (2022-2027)
8.6.1.4.2 Confectionery
8.6.1.4.2.1 Market Share
8.6.1.4.2.2 Historical Trend (2017-2021)
8.6.1.4.2.3 Forecast Trend (2022-2027)
8.6.1.4.3 Infant Foods
8.6.1.4.3.1 Market Share
8.6.1.4.3.2 Historical Trend (2017-2021)
8.6.1.4.3.3 Forecast Trend (2022-2027)
8.6.1.4.4 Soups and Sauces
8.6.1.4.4.1 Market Share
8.6.1.4.4.2 Historical Trend (2017-2021)
8.6.1.4.4.3 Forecast Trend (2022-2027)
8.6.1.4.5 Others
8.6.2 Feed Industry
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Residential Use
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Indirect Sales
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.8.2.4.1.3 Forecast Trend (2022-2027)
8.8.2.4.2 Convenience Stores
8.8.2.4.2.1 Market Share
8.8.2.4.2.2 Historical Trend (2017-2021)
8.8.2.4.2.3 Forecast Trend (2022-2027)
8.8.2.4.3 Online Retailers
8.8.2.4.3.1 Market Share
8.8.2.4.3.2 Historical Trend (2017-2021)
8.8.2.4.3.3 Forecast Trend (2022-2027)
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 (2017-2021)
9.1.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.2.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.3.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.4.2 Forecast Trend (2022-2027)
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 (2017-2021)
9.5.2 Forecast Trend (2022-2027)
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 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
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 Key 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), 2017-2021
3. Global Banana Flour Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Banana Flour Historical Market: Breakup by Process Type (USD Billion), 2017-2021
5. Global Banana Flour Market Forecast: Breakup by Process Type (USD Billion), 2022-2027
6. Global Banana Flour Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Banana Flour Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Banana Flour Historical Market: Breakup by End Use (USD Billion), 2017-2021
9. Global Banana Flour Market Forecast: Breakup by End Use (USD Billion), 2022-2027
10. Global Banana Flour Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
11. Global Banana Flour Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
12. Global Banana Flour Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Banana Flour Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Banana Flour Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Banana Flour Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Banana Flour Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Banana Flour Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Banana Flour Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Banana Flour Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Banana Flour Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Banana Flour Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Banana Flour Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Banana Flour Market Forecast: Breakup by Country (USD Billion), 2022-2027
24. North America Historical Price Trends and Forecast 2017-2027
25. Europe Historical Price Trends and Forecast 2017-2027
26. Asia Pacific Historical Price Trends and Forecast 2017-2027
27. Latin America Historical Price Trends and Forecast 2017-2027
28. Middle East and Africa Historical Price Trends and Forecast 2017-2027
29. Global Banana Flour Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
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.
The key trend guiding the growth of the market includes the rising demand for gluten-free alternatives to wheat flour.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of banana flour in the industry are organic and conventional.
The major processes involved in the market are freeze dried, spray dried, and sun dried, among others.
The significant application segments in the industry are food and beverage and feed industry, among others.
The leading end-use sectors in the market are commercial use and residential use.
The major distribution channels in the industry are direct and indirect sales.
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 2022-2027, 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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