The global banana
flour market is set to witness growth at a CAGR of 3.8% and
top a valuation of USD 735.6 Mn by 2032.
The growing awareness of the health advantages of banana
flour is propelling the worldwide banana flour business forward as it is high
in fiber, gluten-free, minerals, and vitamins like vitamin E, zinc, manganese,
magnesium, and potassium.
It helps to regulate blood sugar levels and also aids in the
reduction of cholesterol, the improvement of heart health, and the stimulation
of neuron and muscle activity.
Banana, being a climacteric fruit stores the majority of its
carbs as starch. It is unique among fruits in that the majority of its starch
is resistant. Resistant starch is prebiotic that boosts the number of good
bacteria in the human intestines.
The human gut contains billions of germs from 300 to 500
different bacterial types. The majority of the gut flora is beneficial. These
beneficial bacteria feed on the undigested fibers and starch that reach the
gut.
As a result, the resistant starch ferments, creating optimal
circumstances for a wide range of beneficial bacteria and increasing the
bacterial populations. It also suppresses pathogenic bacteria 5 (infect the
host human with infectious diseases) at the same time, acting as a boon for
human health.
These features are attracting a growing number of
health-conscious customers, therefore, shooting up the growth of the banana
flour market across the globe.
Key Takeaways from Market Study
- The
banana flour market is expected to expand at CAGRs of 1% and 2.8% in
Latin America and the Middle East & Africa, respectively, through
2032.
- Market
share of Asia Pacific is 2% in 2022. Every year, a
considerable amount of bananas are produced in the Asia Pacific region,
particularly in India, resulting in the expansion of the banana flour
business in the region.
- The
North American banana flour market is currently pegged at 50,883
Metric tons. Banana flour has seen a boom in demand in the region, as
the product is widely utilized in the manufacture of infant food.
- In
Africa, banana flour is also seen as a less expensive alternative to wheat
flour. It is a healthy alternative to ordinary flour since it promotes the
growth of beneficial bacteria in the gut and considerably aids in weight
loss, therefore, MEA stands at a market value of USD 275.4 Mn in
2022.
“Manufacturers of banana flours can step into product
expansion in the dietary fibers market which is growing at a high rate due to
rising health consciousness as the FDA recently classified resistant starch
(RS) derived from green banana flour as a dietary fiber.”, says a
Future Market Insights analyst.
Competitive Landscape
Key manufacturers of banana flours are not only expanding
their gluten-free offerings portfolio but, the majority of them concentrate on
successful marketing and promotional techniques. Furthermore, for a number of
organizations in the banana flour industry, mergers, and acquisitions aimed at
global expansion will remain a major strategy.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an
impartial analysis of the global banana flours market, presenting historical
data (2017-2021) and estimation statistics for the forecast period of
2022-2032.
Detailed Market Segmentation Of Banana Flour Market
Process:
- Sun-dried
- Freeze-dried
- Spray-dried
- Others
Region:
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- Asia
Pacific
- The
Middle East and Africa
Application:
- Beverages
- Pet
Food and Feed Industry
- Household
- Food
Industry
- Bakery
& Snacks
- Infant
Foods
- Filling
and Dressings
- Soups
and Sauces
- Others
Source:
- Organic
- Conventional
Sales Channel:
- Direct
Sales
- Indirect
Sales
- Modern
Trade
- Convenience
Store
- Specialty
Store
- E-Retailers
- Other
retail formats
Read More: https://www.futuremarketinsights.com/reports/banana-flour-market