The latest market report published by Credence Research, Inc. “Global Green Banana Flour Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global green banana flour market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 5.20% between 2023 and 2030. The market was valued at USD 0.55 billion in 2022 and is expected to reach USD 0.78 billion in 2030.
Conventional green banana flours are the most popular, while the organic category is expected to witness the highest growth during the forecast period. Spray-dried is the most commonly used process, and the convenience store category dominates the sales channel, with Asia Pacific leading the market growth.
Green Banana Flour Market opportunities are on the rise due to its potential as a versatile and nutrient-rich alternative to traditional grain-based flours. The market for green banana flour is expanding rapidly, driven by increasing consumer demand for gluten-free and paleo-friendly products. Moreover, green banana flour has been found to have numerous health benefits such as improving digestion, reducing inflammation and boosting energy levels. Given the growing interest in healthy eating and sustainable food options, there is significant potential for green banana flour to become a mainstream ingredient in the food industry. Additionally, it can be used in various applications like baked goods, smoothies, snacks or even as a thickener in soups or sauces.
The report highlights the main factors influencing the global green banana flour market, including the rising demand for healthy food and drink items and the increasing awareness of the importance of leading a healthy lifestyle, especially in light of the COVID-19 pandemic. Green banana flour offers various nutritional benefits, such as prebiotic fiber for improved intestinal health and weight management. However, the consumption of banana flour may have drawbacks due to the presence of toxins and carbohydrates in green bananas.
Despite the challenges, the global green banana flour market presents significant growth opportunities. One such opportunity is the use of banana flour to enhance the nutritional value of bread, the most popular bakery product consumed worldwide. Additionally, adding banana flour to smoothies, yogurt, or other products as a daily supplement can provide consumers with its nutritional advantages.
Key players in the global green banana flour market include International Agriculture Group, Stawi Foods and Fruits Limited, Natural Evolution Limited, Made’s Green Banana Flour Co., Pereg Gourmet Natural Foods, Kanegrade Ltd, Banatone Food Industries, Slingan Pty Ltd., Absolute Organic, Now Health Group, Inc, and others. These companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions to stay competitive in the market.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Green Banana Flour Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the Process and Sales Channel
- Major nations in each region with their import/export statistics
- The global Green Banana Flour Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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