Banana Flour Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Banana Flour Market is segmented by Product Type (Conventional and Organic), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography.

Banana Flour Market Snapshot

Banana Flour Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.4 %
Banana Flour Market Key Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The banana flour market is expected register a CAGR 4.4% during the forecast period, 2020-2025. Banana is one of the largest fruits produced, which results in its excess production. This is encouraging the flour food industry to utilize the excess stock by processing it into products like banana flour. The purchase volume of these unripe banana flour products is increasing among consumers due to their high nutritional value.

Scope of the Report

The global banana flour market offers different types of banana flours, including conventional and organic banana flour, through offline and online retail stores. The study also covers the global level analysis of the major regions, including North America, Europe, Asia-Pacific, South America, and the Middle-East & Africa.

By Product Type
Coventional
Organic
By Distribution Channel
Offline Retail Stores
Online Retail Stores
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Other Regions

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Application in Bakery Products

Banana flour is gaining wider acceptance from bakers (including artisanal bakers) and chefs who innovate with banana flour. Banana flour provides the same or even better results as wheat flour. Flour made from wheat or corn cannot be used alone, as it needs to be blended with other grain-based flour. However, banana flour can be used directly. Banana flour is becoming a popular as a binding agent in the baking industry. Furthermore, banana flour imparts a grainy, light, and fluffy texture to baked products. Unripe bananas also provide a mild flavor and aroma of banana. All these factors contribute to the increasing adoption of banana flour in the baking industry, which is helping in driving the market further.

Banana Flour Market Key Trends

Increasing Production of Banana around the World

A key factor driving the growth of the market is the increase in production of unripe bananas across the geographies, particularly in developing economies, such as India, China, and Brazil. Banana is the second-largest fruit produced, after citrus fruits. Owing to excess banana production, large volumes of bananas are wasted annually. Therefore, the food industry is taking various measures to increase their utilization and process the excess stock into products, such as banana flour, which can be further applied in preparation of various healthy food and beverage products. Thus, the utilization of the excess stock of unripe bananas for processing into banana flour and the high nutrition value it provides are expected to drive the growth of the market, globally.
Moreover, rising awareness of the health benefits of banana flour and the increasing popularity of the Paleo diet are some of the major factors that are boosting theapplications of banana flour in various food and beverage products around the world.

Banana Flour Market Growth Rate By Region

Competitive Landscape

The global banana flour market is a fragmented, with companies in the market focusing on leveraging on online platforms for improving the visibility and reachability of their products. Thus, in order to attract customers to buy their banana flour, companies are offering various characteristics and benefits in their products, such the gluten-free and USDA-certified labels. Some of the key players operating in the market are KADAC Pty Ltd, NuNaturals, and Natural Evolution (Europe) Limited.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Coventional

      2. 5.1.2 Organic

    2. 5.2 By Distribution Channel

      1. 5.2.1 Offline Retail Stores

      2. 5.2.2 Online Retail Stores

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Other Regions

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Woodland Foods

      2. 6.4.2 KADAC Pty Ltd

      3. 6.4.3 NuNaturals

      4. 6.4.4 Natural Evolution (Europe) Limited

      5. 6.4.5 Edward & Sons Trading Co.

      6. 6.4.6 GILL SCHNEIDER-Pereg Gourmet Natural Foods

      7. 6.4.7 Ceres Enterprises Ltd

      8. 6.4.8 Kokos Natural

      9. 6.4.9 Hearthy Foods

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Banana Flour Market market is studied from 2016 - 2026.

The Banana Flour Market is growing at a CAGR of 4.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Woodland Foods, KADAC Pty Ltd, NuNaturals, Natural Evolution (Europe) Limited, Edward & Sons Trading Co. are the major companies operating in Banana Flour Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!