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Banana Flour Market Trends

Report ID: GMI6502
Published Date: Aug 2023
Report Format: PDF

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Banana Flour Market Trends

The increasing popularity of plant-based diets has led to greater demand for natural, vegan-friendly ingredients like banana flour, which can be used in a variety of plant-based recipes. As more consumers adopt gluten-free and grain-free diets, banana flour's gluten-free and low-grain attributes make it an attractive option for creating alternative baked goods and snacks. Chefs and food manufacturers are experimenting with banana flour in innovative ways, using it to create new textures, flavors, and appearances in both sweet and savory dishes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of banana flour recorded USD 820.6 million in 2022 and is set to reach USD 1531.7 million by 2032.

Traditional sun-drying process segment share was around 42% in 2022, as the method is cost-effective compared to more specialized processes, appealing to manufacturers seeking economical options.

U.S. market size was over USD 173 million in 2022, owing to the preference for gluten-free and grain-free diets among consumers that has led to increased demand for alternative flours like banana flour.

International Agriculture Group (AGRICO), Pereg Natural Foods, Diana Foods, Natural Evolution Foods, Zuvii, Stawi Foods and Fruits Limited, Paradisefruit Co., Ltd., Nutry Nuts, NutraEZ, ADM (Archer Daniels Midland Company), Royal Nut Company, EPHRAIM GLOBAL, Sensient Colors LLC, Futoska Organic Food, Fleurieu Ingredients.