Banana Flour Market 2024-2028: Size and High cost associated in producing banana flour; growth driven by the Application, Some of key Companies Positioned Strategically

The banana flour market size by Application (Food, Beverages, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 65.2 million. The market is expected to grow at a CAGR of   3.27% between 2024 and 2028.

• In the banana flour market, the underutilization of banana peels, which comprise 40% of the fruit's weight, presents an untapped opportunity. However, producing banana flour from green bananas is an expensive process due to its niche production. As a result, banana flour is priced higher than other common gluten-free alternatives, such as wheat or corn flour, which are widely used and cost-effective. Despite its nutritional benefits, the higher cost makes banana flour a less popular choice among consumers. Wheat flour, being abundantly produced and cheaper, remains the staple in most households.
• The banana flour market represents a significant business opportunity due to the increasing demand for gluten-free and nutrient-dense food alternatives. Banana flour, derived from green and overripe bananas, offers numerous health benefits and versatile applications. Key market drivers include the rising prevalence of celiac disease and gluten intolerance, as well as consumer preference for clean-label and sustainable food products. Companies are investing in research and development to improve production efficiency and expand their product offerings. The market is projected to grow at a steady pace, driven by these trends and increasing consumer awareness.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• APKA Industries
• Ceres Organics Pvt. Ltd
• Dr FOOD NUTRI INDUSTRIES
• Hearthy Foods
• International Agriculture Group
• Jiwa
• Kadac Pty Ltd.
• Kanegrade Ltd.
• KOKOS Natural
• LiveKuna
• Miski Organic Superfoods Inc
• Natural Evolution Pty Ltd.
• Pereg Gourmet Spices
• Phalada Pure and Sure
• Saipro Biotech Pvt. Ltd.
• Seawind International
• Symrise AG
• Synergy Food Industries
• Urban Platter
• Woodland Foods Ltd.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/