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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Banana Flour Market Size
The global banana flour market is expected to grow at a CAGR of about 4% in the forecast period of 2024-2032. The market is expected to be positively influenced by the rising demand for gluten-free food products.
Banana Flour Market Report Snapshots
*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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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
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 direct and indirect sales.
The major players in the industry are Natural Evolution, International Agriculture Group, and Ceres Enterprises Ltd, among others.
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