Banana flour is a powdered substance formed from green bananas or plantains. It’s frequently used as a gluten-free component in a variety of baked items. The moisture content of flour ranges between 4% and 6%. Future Market Insights has released a new research report that examines the present state of the banana powder market, as well as demand and consumption in various applications. ‘Banana Flour Industry: Global Industry Analysis (2022-2032and Opportunity Assessment (2022-2032)’ is the title of the report, and it provides an overview of the global market. According to this comprehensive research analysis, the worldwide banana flour market was valued at USD 494.0 million in 2021 and is anticipated to grow at a rate of 4.6 percent to USD 810 million in 2032. The market situation has improved as a result of increased demand.
Segmental Analysis of the Global Banana Flour Market
Based on distribution channels, the direct channel is predicted to contribute more to worldwide market growth. During the projected period, the indirect channel segment is expected to grow at a faster rate of 4.2 percent.
The food industry leads the market in terms of market value based on application. Furthermore, the pet food and feed sector category are expected to increase at a high rate over the evaluation period.
The conventional sector has a substantially larger market size than the alternative segment and is predicted to lead the global market over the projection period. However, organic sources are expected to develop at a greater rate in the coming years.
The Competitive Landscape of the Global Banana Flour Market
The study report includes information on the industry’s leading players. It gives the readers a quick rundown of the important characters. Some of the major companies mentioned in the report are Zuvii, NuNatural Inc., Diana Foods, NOW Health Group Inc., Paradisefrucht GmbH, Kanegrade Ltd, ADM Wild Europe GmbH & Co. KG, International Agriculture Group, Stawi Foods and Fruits Limited, etc.
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