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The global plantain flour market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4.6%.
Global Plantain Flour Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.6% |
CAGR 2024-2032 - Market by Region | Latin America | 5.3% |
CAGR 2024-2032 - Market by Country | Brazil | 6.1% |
CAGR 2024-2032 - Market by Country | India | 5.7% |
CAGR 2024-2032 - Market by Source | Organic | 5.9% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 8.1% |
Market Share by Country 2023 | Brazil | 4.7% |
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Based on application, the food and beverage segment is expected to occupy a significant market share in the forecast period as plantain flour is widely used in the food and beverage industry. It provides similar results as wheat flour or even better results. Flour made from wheat contains gluten and cannot be used alone, as it needs to be mixed with other grain-based flour. However, plantain flour can be used directly which increases the plantain flour market value. Moreover, plantain flour also helps improve heart health, reduce cholesterol, and enhance nerve and muscle activities. All these factors are expected to significantly contribute to the demand for plantain flour in the food and beverage industry.
Market Share by | Country |
Brazil | 4.7% |
USA | XX% |
Canada | XX% |
UK | XX% |
The market has been growing considerably since the past few years owing to the increased awareness of the health benefits of plantain flour. Allergen-free, plant-based flour is great for healthy diets or those suffering from health issues like food allergies and sensitivities. Unlike wheat flour, plantain flour does not contain gluten. Gluten is a protein present in wheat and barley, and many people cannot digest it properly. Plantain flour, apart from being easily digestible, is a delicious flour for balanced eating which aids plantain flour market expansion. It helps improve heart health, reduce cholesterol, and enhance nerve and muscle activities, making it suitable for people with diabetes and other diseases like obesity, gallstone, coronary heart, and colon cancer. Because of these factors, consumers are increasingly preferring plantain flour. In addition, the increasing focus of the leading food manufacturer to improve their product portfolio by including non-GMO and Kosher-certified range of plantain flour with no additives is expected to further aid the market growth in the forecast period.
As per the plantain flour market analysis, Ybom Enterprises has gained significant popularity in Nigeria in recent years due to its trademark product, Ybom's Plantain Flour. This product aligns with the sustainability goals of the country and offers a nutritious food product for the consumers, which makes it popular among the health-conscious population of the country.
According to FAOSTAT, in 2018, the production area for bananas stood at 5,034 thousand hectares with a production quantity of 117.2 million tons, and the production was valued at 709 billion. As per the plantain flour industry analysis, the average yield per hectare was 23 tons. In 2019, the area slightly decreased to 5,058 thousand hectares, with production increasing to 119.0 million tons and a value increment to 764 billion. The yield remained stable at 23 tons per hectare. By 2020, there was a significant rise in production area to 5,674 thousand hectares, and the production volume increased to 121 million tons which also increased the plantain flour industry revenue. However, the yield dropped to 22 tons per hectare, and the production value saw a significant increase to 772 billion. In 2021, the production area slightly decreased to 5,855 thousand hectares, with production growing to 125 million tons and value to 809 billion. The yield increased back to 23 tons per hectare. In 2022, the production area continued to grow to 5,940 thousand hectares, with the production volume reaching 135 million tons. The yield per hectare remained consistent at 23 tons.
The rising veganism across the globe is catering to an increased adoption of plant-based products including plantain flour and aiding the growth of the plantain flour industry. India is a top country with a vegan population of 11%. Israel and Switzerland has 6% of their populations following a vegan diet, reflecting a notable adoption of veganism likely influenced by health and environmental concerns. Hong Kong, the United States, Turkey, Egypt, Singapore, and Saudi Arabia exhibit a 4% vegan population, indicating a moderate yet significant acceptance of veganism.
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In the tropical areas of the world, plantains, a member of the banana family, are considered a staple food. Plantain flour is produced from dry pulverised plantain slices. Plantains are naturally dried with a small amount of flour added to them to avoid stickiness. Prepared from green bananas, plantain flour is lower in calories compared to the regular all-purpose flour, high in resistant starch, and is a rich source of dietary fibre, iron, carotene, and ascorbic acid (vitamin C), among other vitamins.
By source, the industry can be segmented into:
CAGR 2024-2032 - Market by | Source |
Organic | 5.9% |
Conventional | XX% |
Based on process, the industry can be divided into:
On the basis of application, the plantain flour market can be segmented into:
The food and beverage segment is further categorised based on type into infant food, confectionery, and bakery and snacks, among others.
Based on distribution channel, the industry can be divided into:
CAGR 2024-2032 - Market by | Distribution Channel |
Online | 8.1% |
Supermarkets and Hypermarkets | 4.8% |
Convenience Store | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
Latin America | 5.3% |
North America | 4.8% |
Europe | XX% |
Asia Pacific | XX% |
Middle East and Africa | XX% |
The regional markets for the plantain flour industry include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
Brazil | 6.1% |
India | 5.7% |
Mexico | 5.6% |
China | 5.4% |
USA | 4.9% |
Canada | XX% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | 3.1% |
Saudi Arabia | XX% |
The report gives a detailed analysis of the following key players in the global plantain flour market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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Region-wise, the Asia Pacific is expected to provide enhanced growth opportunities for market expansion during the forecast period. Plantain flour is used to prepare baked goods, pastries, waffles, pancakes, breads, soups, and more. The thriving food and beverages industry in the region, supported by the increasing population and the rising consumer disposable incomes, is driving the plantain flour market growth. Meanwhile, the increasing health awareness in developed regions like Europe is expected to significantly contribute to the market growth in the coming years.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Source |
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Breakup by Process |
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Breakup by Application |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
Plantain Flour Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Plantain Flour Market Analysis
8.1 Key Industry Highlights
8.2 Global Plantain Flour Historical Market (2018-2023)
8.3 Global Plantain Flour Market Forecast (2024-2032)
8.4 Global Plantain Flour Market by Source
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Plantain Flour Market by Process
8.5.1 Sun Dried
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Oven Dried
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Plantain Flour Market by Application
8.6.1 Food and Beverage
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.1.4 By Type
8.6.1.4.1 Infant Food
8.6.1.4.1.1 Market Share
8.6.1.4.1.2 Historical Trend (2018-2023)
8.6.1.4.1.3 Forecast Trend (2024-2032)
8.6.1.4.2 Confectionery
8.6.1.4.2.1 Market Share
8.6.1.4.2.2 Historical Trend (2018-2023)
8.6.1.4.2.3 Forecast Trend (2024-2032)
8.6.1.4.3 Bakery and Snacks
8.6.1.4.3.1 Market Share
8.6.1.4.3.2 Historical Trend (2018-2023)
8.6.1.4.3.3 Forecast Trend (2024-2032)
8.6.1.4.4 Others
8.6.2 Feed
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Plantain Flour Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Convenience Store
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Online
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Plantain Flour Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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
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 Terova Inc. (NuBana)
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 KADAC Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Woodland Foods
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plantain Flour Market: Key Industry Highlights, 2018 and 2032
2. Global Plantain Flour Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Plantain Flour Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Plantain Flour Historical Market: Breakup by Process (USD Million), 2018-2023
5. Global Plantain Flour Market Forecast: Breakup by Process (USD Million), 2024-2032
6. Global Plantain Flour Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Plantain Flour Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Plantain Flour Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Plantain Flour Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Plantain Flour Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Plantain Flour Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Plantain Flour Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Plantain Flour Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Plantain Flour Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Plantain Flour Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Plantain Flour Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Plantain Flour Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Plantain Flour Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Plantain Flour Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Plantain Flour Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Plantain Flour Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Plantain Flour Market Structure
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The major market drivers include the increasing demand for gluten-free alternatives to wheat flour and the surging health consciousness.
The key trends guiding the market growth are the growing use of the product in the bakery sector and the surging production of plantain.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Organic and conventional are the significant sources of the product in the market.
Sun dried and oven dried, among others, are the major segments based on processes of plantain flour considered in the market report.
The significant applications of plantain flour are food and beverage and feed, among others.
Supermarkets and hypermarkets, convenience stores, and online, among others, are the various distribution channels of the product.
The major players in the market are Natural Evolution, Terova Inc. (NuBana), Ceres Enterprises Ltd., KADAC Pty Ltd., and Woodland Foods, among others.
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