Banana flour market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. The rising use of gluten-free products as an alternative to wheat flour is boosting the demand for banana flour across the globe. Gluten products such as wheat flour can cause many side effects such as fatigue, unintentional weight loss, malnutrition, bloating, alternating constipation, diarrhoea, intestinal damage, and others. According to Beyond Celian Organization, around 1 in 133 Americans, or about 1% of the US population, has celiac disease, and in Italy, it is found to be around 1.6%. and also it states that around 83% of Americans who have celiac disease are undiagnosed or misdiagnosed.
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Celiac disease (Gluten) is an autoimmune disease that is triggered by consuming gluten and results in damage to the small intestine. Gluten is a protein found in wheat, barley and rye, as well as foods made from these grains, including bran, bulgur, durum, couscous, and graham flour. On the other hand, banana flour contains insoluble fibre that acts as a prebiotic to promote good bacteria and heal the digestive system. This can keep the bowel movements regular and reduce symptoms of Irritable Bowel Syndrome (IBS) and constipation. It can also prevent colon cancer and reduce the symptoms of diarrhoea. The gluten-free diet is used to get cured, hence people are shifting towards alternate products such as banana flour, which boosts the demand for the banana flour market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Banana Flour Market Report Segment
By Nature
- Organic
- Conventional
By Form
- Ripen
- Unripen
By Processing
- Freeze Dried
- Spray/ Dum Dried
- Sun Dried
- Others
By End-User
- Food Industry
- Beverages
- Retail/Household
- Others
Global Banana Flour Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global banana flour market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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