Banana Flour Market Size

Banana Flour Market Analysis

The banana flour market is expected to register a CAGR of 4.9% during the upcoming five years.

• The food consumption patterns have changed, and now consumers are more aware of following a healthy lifestyle. The rise of gluten-free products has increased the demand for banana flour. Consumers are progressively adopting healthy eating habits and increasing the demand for products such as banana flour.
• Moreover, the pandemic changed consumer perception toward food consumption, and choosing healthy ingredients has become a top priority. This encourages the flour food industry to utilize the excess stock by processing it into products like banana flour. Consumers' purchase volume of unripe banana flour products is increasing due to their high nutritional value.
• The increase in the preference for banana flour for babies regarding digestion and the rise in advanced and state-of-the-art manufacturing techniques accelerate the market growth. The high usage of the product in manufacturing various applications such as confectionery, filling and dressing, bakery and snacks, and infant food, among others, positively affects the banana flour market.
• Many key players have introduced organic banana flour as consumers become more aware of maintaining a healthy lifestyle. The major factor contributing to the growth of the banana flour market includes a rise in the production of green bananas. In addition, the rise in demand for gluten-free products also fuels the growth of the banana flour market. Banana flour is recognized as a functional ingredient because of its nutritional profile. Bananas contain prebiotic fiber, which is beneficial for gut health and reducing belly fat. An increasing preference for clean-label products in daily diet is driving the market.