Green Banana Flour Projected to Reach USD 1,026.1 Million by 2033, Fueled by Shifts Toward Organic and Gluten-Free Products

Green Banana Flour Market1

In 2022, the global green banana flour market was valued at USD 623 million. As consumer preferences shift towards organic and gluten-free options, the market is projected to grow to USD 1,026.1 million by 2033, with a compound annual growth rate (CAGR) of 5% from 2023 to 2033.

Infants benefit from green banana flour due to its easy digestibility, and advancements in manufacturing techniques have accelerated market growth. The widespread use of green banana flour across various sectors, including confectionery, baking, snacks, infant food, and fillings and dressings, positively impacts its market expansion.

The growing consumer preference for healthy, nutrient-rich foods is a major driver of market revenue growth, particularly due to the antioxidants in green bananas that enhance cellular health and reduce harmful free radicals. Additionally, the increasing popularity of gluten-free products among health-conscious consumers further boosts market revenue.

In the Asia Pacific region, which has a large and diverse food and beverage consumer base, green bananas have traditionally been used as vegetables. However, in the past decade, there has been a notable shift as awareness of the health benefits and value of green banana flour has risen. Consequently, manufacturers in the region are increasingly focusing on producing banana-based products, as bananas are seen as a healthier alternative to refined and raw foods.

Key Takeaways from the Market Study

  • Global green banana flour market is expected to be valued at US$ 648 million by 2023
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.7%
  • From 2023 to 2033, the United States market for green banana flour is projected to account for about 24.5% of global market share.
  • China to experience a 5.6% CAGR and India with a 6.7% CAGR from 2023 to 2033.
  • By product type, the conventional segment was estimated to acquire 72.6% share in 2022.
  • By process, the spray dried process of producing green banana flour occupied a market share of 23.8%.

Competitive Landscape

The key players in this market include:

  • International Agriculture Group
  • Stawi Foods and Fruits Limited
  • Natural Evolution Limited
  • Made’s Green Banana Flour Co.
  • Pereg Gourmet Natural Foods
  • Kanegrade Ltd
  • Banatone Food Industries
  • Slingan Pty Ltd.
  • Absolute Organic
  • NOW Health Group, Inc.

Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com

Key Segments Profiled in the Global Green Banana Flour Market Report

By Product Type:

  • Organic
  • Conventional

By Process:

  • Spray Dried
  • Sun Dried
  • Freeze Dried
  • Others

By Sales Channel:

  • Convenience Store
  • Specialty Store
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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