Banana Flour Market - Forecast(2021 - 2026)

Report Code: FBR 0526 Report Format: PDF + Excel (Delivery in 48 Hrs)

Banana Flour Market Overview

Banana Flour Market size is estimated to be $63 Million in 2020, growing at a CAGR of 4.4% during the forecast period 2021-2026. Banana flour is made from green bananas and has a mild flavor of raw bananas. When cooked banana flour losses the fruit flavor and hence used as a healthier alternative to white or processed wheat flours. Growing elderly population and the increasing demand of banana flours among adults as it is rich in resistant starch which helps diabetes patients improve insulin sensitivity and maintain blood sugar levels. In addition, the presence of potassium in banana flour provides multiple health benefits such as maintaining heart health and helping one deal with anxiety and stress. It also enhances muscle strength and boosts metabolism. Therefore, increasing health benefits associated with the consumption of banana flour is a vital factor contributing to its market growth. Apart from this, the use of Banana Flour in various food industry including bakery & confectionary, Infant Food, Soups & Sauces and others is also fueling its market growth in the upcoming years.

Report Coverage

The report: “Banana Flour Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Banana Flour Market.
By Source- Organic and Conventional.
By Process- Freeze Dried, Spray Dried, Sun-Dried and Others.
By Application- Bakery & Confectionery, Infant Foods, Soups & Sauces and Others.
By Distribution Channel-Hypermarket & Supermarket, Convenience Stores, Online Retailers and Others.
By Geography-North America, Europe, Asia Pacific and Rest of the World.

Key Takeaways

  • Organic segment held the largest market share in the year 2020 owing to the increasing demand of gluten-free foods.
  • Bakery & Confectionary segment held the largest market share in the year 2019 owing to the wide usage of Banana Flour in cakes and breads.
  • APAC contributed to the largest market share of 43% in 2020 owing to the large-scale production of banana flour in that region.
  • Increasing health benefits associated with banana flour consumption is a significant factor driving the Banana Flour market during the forecast period 2021-2026.

Banana Flour Market Segment Analysis - By Source 

By Source, the Banana Flour Market is segmented into Organic and Conventional. Organic segment held the largest market share in the year 2020 owing to the increasing demand of gluten-free foods. Organic Banana flour is a novel and healthier option for gluten-free and wheat-free foods. In addition, it is made from fresh, green or unripe bananas grown from organic agriculture in which insecticides and fungicides are not used. The banana is cleaned, peeled, crushed, de-seeded, pasteurized, dehydrated and ground into a fine powder. Furthermore, organic banana flour provides various health benefits including improves negative effects on metabolic syndrome, promotes a healthy colon, reduce insulin sensitivity, weight loss and reduces cholesterol levels. Therefore, the increasing health benefits associated with its consumption is a vital factor up surging its market growth. Also, conventional segment is projected to witness growth at fastest CAGR of 4.6% in forecast period 2021-2026 owing its wide usage of banana flour in the production of gluten-free bread.

Banana Flour Market Segment Analysis - By Application

By Application the Banana Flour Market is segmented into Bakery & Confectionary, Infant Foods, Soups and Sauces and Others. Bakery & Confectionary segment held the largest market share in the year 2020 owing to the wide usage of Banana Flour in cakes and breads. Moreover, banana flour is high in potassium and RS2 resistant starch, in which the gluten-free flour works well as wheat flour replacement or partial replacement in a wide range of applications from smoothies and baked goods to desserts, pancakes, stir fry and waffles. Also, infant food segment is projected to witness growth at fastest CAGR of 4.9% in forecast period 2021-2026 owing to the wide usage of banana flour in infant food products. Moreover, banana flour helps in building immunity in babies as it is power-packaged with potassium and other vital nutrients. In addition, it is easy to digest and promotes healthy brain function for baby and kids. Therefore, the rising benefits associated with its consumption in baby’s food product is a vital factor contributing to its segmental revenue.

Banana Flour Market Segment Analysis - By Geography

APAC contributed to the largest market share of 43% in 2020 owing to the large-scale production of banana flour in that region. For instance, in India banana ranks first in production and third in area among fruit crops. It accounts for 13% of the total area and 33% of the production of fruits, production is highest in Maharashtra (39241.1 thousand tons) followed by Tamil Nadu. North America Banana Flour market is another dominant market owing to the increasing awareness among consumers regarding the health benefits associated with its consumption.

Banana Flour Market Drivers

Increasing Health Benefits Associated with Banana Flour Consumption

Increasing health benefits associated with banana flour consumption is a significant factor driving the Banana Flour market during the forecast period 2021-2026. Moreover, banana flour is an excellent source of potassium which helps to control the electric activity of the heart and also helps lower cholesterol and aids muscle and nerve activity. Therefore, these are the key benefits propelling the demand of the Banana Flour in the future.

Increasing Use of Banana Flour in Bakery Industry

Increasing use of Banana Flour in bakery industry is a major driving the Banana Flour Market during the forecast period 2021-2026. Moreover, Let’s Do Organic Green Flour, cost $5.99 is a gluten-free flour imparting a smooth texture and subtle flavors to cakes, pastries and more. Therefore, increasing health benefits offered by Banana Flour coupled with the rising use of Banana Flour in bakery industry is driving its market growth in the upcoming years.

Banana Flour Market Challenges

High Cost of Banana Flour  

High Cost of Banana Flour serves as a major setback for the growth of the Banana Flour Market during the forecast period 2021-2026. Owing to its high cost the consumers are unable to purchase it which in turn is restraining its market during the forecast period 2021-2026.

Banana Flour Market Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Banana Flour Market. Banana Flour Market top 10 are Zuvii, Nunatural Inc., Diana Foods, Paradisefrucht Gmbh, Now Health Group Inc., Kanegrade Ltd, ADM Wild Europe Gmbh & Co. KG, Stawi Foods, Fruits Limited and International Agriculture Group.

Banana Flour Market Developments:

  • September 2017: International Agriculture Group launched green banana flour containing 65 percent resistant starch.

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1. Banana Flour Market - Overview
    1.1 Definitions and Scope
2. Banana Flour Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Source
    2.3 Key trends by Process
    2.4 Key trends by Application
    2.5 Key trends by Distribution Channel
    2.6 Key trends by Geography
3. Banana Flour Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Banana Flour Market- Startup companies Scenario Premium Premium  
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Banana Flour Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview  
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Banana Flour Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Banana Flour Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Banana Flour Market – By Source (Market Size –$Million/$Billion)
    8.1 Organic 
    8.2 Conventional
9. Banana Flour Market – By Process (Market Size –$Million/$Billion)
    9.1 Freeze Dried
    9.2 Spray Dried
    9.3 Sun Dried
    9.4 Others
10. Banana Flour Market – By Application (Market Size –$Million/$Billion)
    10.1 Bakery & Confectionary
    10.2 Infant Foods
    10.3 Soups & Sauces
    10.4 Others
11. Banana Flour Market – By Distribution Channel (Market Size –$Million/$Billion)
    11.1 Hypermarkets & Supermarkets
    11.2 Convenience Stores
    11.3 Online Retailers
    11.4 Others
12. Banana Flour Market - By Geography (Market Size -$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. Banana Flour Market - Entropy
14. Banana Flour Market – Industry/Segment Competition Landscape      Premium  
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Country- Key companies
        14.1.4 Best Practices for Companies
15. Banana Flour Market – Key Company List by Country Premium Premium
16. Banana Flour Market Company Analysis
    16.1 Company Revenue, Products, M&A, Developments
    16.2 Zuvii
    16.3 Nunatural Inc.,
    16.4 Diana Foods
    16.5 Paradisefrucht Gmbh
    16.6 Now Health Group Inc.,
    16.7 Kanegrade Ltd
    16.8 ADM Wild Europe Gmbh & Co. KG
    16.9 Stawi Foods
    16.10 Fruits Limited 
    16.11 International Agriculture Group
*Financials for private companies would be provided on a best efforts basis”.