Uploaded on Mar 16, 2021
The Global Banana Flour Market is poised to touch a valuation of USD 537.6 million by 2023, according to Market Research Future (MRFR). It stood at USD 398 million in 2017. It can expand at an impressive 4.20% CAGR from 2018 to 2023 (forecast period) owing to the wave of health-consciousness among consumers. The prominence of new diets popularized by celebrities such as paleo have evoked massive market demand in recent years.
Banana Flour Market Research Report to 2023
BANANA FLOUR MARKET REPORT
2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
BANANA FLOUR MARKET 2020
Banana Flour Market 2020: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
The Global Banana Flour Market is poised to touch a valuation of USD 537.6 million by 2023, according to
Market Research Future (MRFR). It stood at USD 398 million in 2017. It can expand at an impressive 4.20%
CAGR from 2018 to 2023 (forecast period) owing to the wave of health-consciousness among consumers. The
prominence of new diets popularized by celebrities such as paleo have evoked massive market demand in
recent years.
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BANANA FLOUR MARKET 2020
MARKET SEGMENTATION
The Banana Flour Market can be segmented on the basis of end-use, source, and distribution channel.
By end-use, the market caters to feed industry, pet food industry, confectionery, and others. The feed industry
segment possesses the potential to contribute to market revenue till 2023. Use of banana flour as an ingredient
in animal feeds as well as a suitable replacement for milk for calves can bode well for the segment in the coming
years. It can exhibit a noteworthy CAGR over the forecast period. The confectionery segment had captured the
highest share of the banana flour market in 2017 and will continue to dominate the market till 2023.
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BANANA FLOUR MARKET 2020
REGIONAL ANALYSIS
Region-wise, the banana flour market spans North America, Asia Pacific (APAC), Europe, and Rest-of-the-World
(RoW).
The APAC region is projected to expand at a robust CAGR during the review period owing to the presence of
large producers of raw bananas such as India and Australia. The inclusion of banana flour to create new blends
in bakery and snacks products is expected to bolster the regional banana flour market till 2023. Launch of new
products can cement the region’s position in the global market.
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BANANA FLOUR MARKET 2020
Application & Major Players in this Research:
Banana Flour Market Prominent Players:
• Ceres Organics (New Zealand)
• Pereg Gourmet Spices (U.S.)
• NuNaturals Inc. (U.S.)
• WILD Flavors and Specialty Ingredients (U.S.)
• International Agriculture Group (U.S.)
• Absolute Organic (Australia)
• Edward & Sons Trading Co. (U.S.)
• Nutryttiva (U.S.)
• And more
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MARKET RESEARCH FUTURE
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All Rights Reserved. This document contains highly confidential information and is the sole property of Market
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