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The global banana flour market size attained a value of USD 792.29 Million in 2024. The market is expected to grow at a CAGR of 4.20% in the forecast period of 2025-2034 to reach a value of USD 1195.53 Million by 2034.
The banana flour industry is fueled by growing demand for gluten-free products and heightened health awareness among consumers. With more individuals embracing gluten-free diets because of celiac disease or gluten intolerance, banana flour is a healthy and functional replacement in cooking and baking. Moreover, increased recognition of the health attributes of banana flour, including its rich source of fiber, resistant starch, and ability to support digestion and weight loss, drives it further. These, along with the increasing trend of plant-based and clean-label foods, drive the global banana flour market steadily.
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The global banana flour industry is primarily being driven by the rising awareness about its health benefits. The product is gluten-free, balances blood sugar levels, and is high in fibre, minerals, and vitamins, including zinc, vitamin E, magnesium, manganese, and potassium. Banana flour also helps reduce cholesterol, improve heart health, and helps in nerve and muscle activities. These factors are increasingly attracting health-conscious consumers as the product acts as a healthy alternative to regular flour. Apart from its nutritious content, the product is also widely demanded in the bakery industry to prepare bread, cakes, pastries, pancakes, and pasta, among other bakery products. Banana flour strengthens the immune system as it serves as a carrier of large intestinal probiotics. This factor is further aiding the growth of the market.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The banana flour market is expected to grow at a compound annual growth rate (CAGR) of 4.20% between 2025 and 2034.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing health consciousness, rising use in bakery products and infant food, and growing production of bananas, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising demand for gluten-free alternatives to wheat flour.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of banana flour in the industry are organic and conventional.
The major processes involved in the market are freeze dried, spray dried, and sun dried, among others.
The significant application segments in the industry are food and beverage and feed industry, among others.
The leading end-use sectors in the market are commercial use and residential use.
The major distribution channels in the industry are Store and Non-Store.
Major players in the banana flour market include Stawi Foods and Fruits Limited, WILD Flavors and Specialty Ingredients, Paradise Fruits Solutions GmbH & Co.KG, Pereg Gourmet Spices, Ceres Organics, M-Pak, Kanegrade Ltd, Natural Evolution, and International Agriculture Group, among others.
The global banana flour market was valued at approximately USD 792.29 Million in 2024.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 1195.53 Million by 2034.
Asia Pacific is expected to dominate the banana flour market, accounting for a significant global revenue in 2024.
The primary source for banana flour production is green bananas, which are processed to retain high levels of resistant starch.
The food industry is predicted to lead the banana flour market.
The food industry is expected to capture approximately a dominant share of the global banana flour market revenue.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124