Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "Banana Flour Market Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The banana flour market is expected register a CAGR 4.4% during the forecast period, 2020-2025.
Banana is one of the largest fruits produced, which results in its excess production. This is encouraging the flour food industry to utilize the excess stock by processing it into products like banana flour. The purchase volume of these unripe banana flour products is increasing among consumers due to their high nutritional value.
Key Market Trends
Increasing Application in Bakery Products
Banana flour is gaining wider acceptance from bakers (including artisanal bakers) and chefs who innovate with banana flour. Banana flour provides the same or even better results as wheat flour. Flour made from wheat or corn cannot be used alone, as it needs to be blended with other grain-based flour. However, banana flour can be used directly. Banana flour is becoming a popular as a binding agent in the baking industry.
Furthermore, banana flour imparts a grainy, light, and fluffy texture to baked products. Unripe bananas also provide a mild flavor and aroma of banana. All these factors contribute to the increasing adoption of banana flour in the baking industry, which is helping in driving the market further.
Increasing Production of Banana around the World
A key factor driving the growth of the market is the increase in production of unripe bananas across the geographies, particularly in developing economies, such as India, China, and Brazil. Banana is the second-largest fruit produced, after citrus fruits. Owing to excess banana production, large volumes of bananas are wasted annually.
Therefore, the food industry is taking various measures to increase their utilization and process the excess stock into products, such as banana flour, which can be further applied in preparation of various healthy food and beverage products. Thus, the utilization of the excess stock of unripe bananas for processing into banana flour and the high nutrition value it provides are expected to drive the growth of the market, globally.
Moreover, rising awareness of the health benefits of banana flour and the increasing popularity of the Paleo diet are some of the major factors that are boosting the applications of banana flour in various food and beverage products around the world.
The global banana flour market is a fragmented, with companies in the market focusing on leveraging on online platforms for improving the visibility and reachability of their products. Thus, in order to attract customers to buy their banana flour, companies are offering various characteristics and benefits in their products, such the gluten-free and USDA-certified labels. Some of the key players operating in the market are KADAC Pty Ltd, NuNaturals, and Natural Evolution (Europe) Limited.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By Distribution Channel
5.2.1 Offline Retail Stores
5.2.2 Online Retail Stores
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Woodland Foods
6.4.2 KADAC Pty Ltd
6.4.4 Natural Evolution (Europe) Limited
6.4.5 Edward & Sons Trading Co.
6.4.6 GILL SCHNEIDER-Pereg Gourmet Natural Foods
6.4.7 Ceres Enterprises Ltd
6.4.8 Kokos Natural
6.4.9 Hearthy Foods
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/6tjidd
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