Global Banana Flour Market: Overview
The global banana flour market is foreseen to register noteworthy demand avenues during the forecast period of 2019 to 2029. This growth is attributed to increased use of banana flour in wide range of population. Banana flour is increasingly used in various food items such as pastries, cakes, pancakes, pasta, and others. Thus, it is safe to say that the banana flour market holds remarkable expansion avenues in the years ahead owing to thriving worldwide food industry.
The segmentation of the global banana flour market is performed on the basis of characteristics, end use, distribution channel, application, and region. Based on characteristics, the market for banana flour is classified into low acidity, highly nutritious, resistant starch, rich in dietary fiber, and others.
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Global Banana Flour Market: Growth Dynamics
In recent period, banana flour is gaining traction of major worldwide population. One of the key reasons for this growth is increased awareness about its health benefits. Banana flour is manufactured using banana fruits that are unripe. Therefore, banana flour is rich source of resistant starch and dietary fiber. Similarly, it helps in maintaining the colon health. Apart from this, banana flour is known for helping in postharvest losses, avoidance of osteoporosis by growing the absorption of calcium and other minerals. Owing to all these health benefits, the global banana flour market is witnessing substantial demand avenues from all across the world.
The global banana flour market is growing on the back of various characteristics of banana. In recent period, there is considerable increase in the use of banana flour in place of wheat flour. One of the key reasons of this shift is the health benefits of banana. At the same time, this product is increasingly used owing to its cost-effectiveness. These factors show potential growth opportunities for the vendors working in the global banana flour market.
Global Banana Flour Market: Competitive Analysis
The global banana flour market is moderately fragmented in nature. Presence of many players shows that the competitive landscape of the market banana flour is highly intense. To sustain in this high competition, many vendors in the global banana flour market are focused on advancing the quality of products they offer. Apart from this, they are growing their efforts to strengthen their sales channels.
Several players in the global banana flour market are increasing efforts to attract their customer base. To achieve this motive, they are rolling out new products. Similarly, increasing instances of joint ventures, mergers, acquisitions, and collaborations signifies that the global banana flour market is growing at rapid pace.
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The list of important players in the global banana flour market includes:
- Pereg Gourmet Spices
- Stawi Foods and Fruits Limited
- Natural Evolution
- Now Foods
- International Agriculture Group
- Ceres organics
Global Banana Flour Market: Regional Assessment
The global banana flour market is spread across five key regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among the important regions, North America and Asia Pacific are lucrative regions in the market for banana flour. Key reason for this growth is presence of considerable number of banana flour producers in these regions. Apart from this, the market for banana flour is projected to witness noteworthy demand avenues from Europe.
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