The Latin America, Middle East and Africa Banana Flour Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
In tropical and subtropical regions, the banana is one of the most widely consumed and utilized fruits. Green bananas are utilized to produce banana flour. It is high in dietary fibers, carbs, protein, cellulose, necessary amino acids, starch, resistant starch, and potassium, among other things. It's a gluten-free product with a low-calorie count. As a result, there has been an increase in demand for banana flour. These factors are significantly propelling the growth of the banana flour market.
Banana flour is a calorie and carbohydrate-rich powder made from the processing of bananas. Because it helps to soothe ulcers, improves energy, aids in improved digestion, and maintains a healthy neurological system, it is extensively used as a component in infant foods, milkshakes, and bakery items. It also has natural laxative effects, which is why pharmaceutical companies employ it to make anti-diarrhea medicines.
Regional countries comprise a robust retail sector, due to which, market players across the region are witnessing several major growth prospects. In 2013, the retail sector contributed about 12% to the overall GDP, representing a 9% increase over the previous year. A total of 1,732,000 individuals were working in the retail and wholesale industries, accounting for nearly 21% of the national workforce. As a result, the retail business is a significant part of the South African economy. South Africa's overall retail sales in 2013 were R406.2 billion (USD $38 billion). Retail sales have increased steadily throughout the last five years and are predicted to increase by nearly 5% per year over the next five years. Sales were expected to exceed R424.8 billion (USD $40 billion) in 2014.
The retail market in South Africa could be sophisticated and complex. A smart entry strategy should consider that the top 10% of the population earns 45% income and that the majority of significant retail locations are centered in the five metropolitan districts. The rapidly expanding retail industry of the region would streamline banana flour manufacturers to easily commercialize their products across the market. Therefore, the growth of the regional market is being propelled due to this factor.
The Brazil market dominated the LAMEA Banana Flour Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $25.3 million by 2028. The Argentina market is experiencing a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 8.6% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Processing, the market is segmented into Spray/Drum Dried, Sun Dried, Freeze Dried, and Others. Based on Form, the market is segmented into Unripen and Ripen. Based on Distribution Channel, the market is segmented into Direct Sales and Indirect Sales. Based on End-use, the market is segmented into Food Industry, Beverages, Retail/Household, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Banana Flour Market is Predict to reach $1.1 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Symrise AG (Diana Foods), Woodland Foods Limited, Saipro Biotech Private Limited, LiveKuna, Pereg Natural Foods Inc., Seawind International, LLC, NuNaturals Ltd., Miski Organics (Miski Group), and Synergy Food Industries.
Scope of the Study
Market Segments Covered in the Report:
By Nature
By Processing
- Spray/Drum Dried
- Sun Dried
- Freeze Dried
- Others
By Form
By Distribution Channel
- Direct Sales
- Indirect Sales
By End-use
- Food Industry
- Beverages
- Retail/Household
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Symrise AG (Diana Foods)
- Woodland Foods Limited
- Saipro Biotech Private Limited
- LiveKuna
- Pereg Natural Foods Inc.
- Seawind International, LLC
- NuNaturals Ltd.
- Miski Organics (Miski Group)
- Synergy Food Industries
TABLE 1 LAMEA Banana Flour Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Banana Flour Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 4 LAMEA Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 5 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Organic Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Organic Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 10 LAMEA Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 11 LAMEA Spray/Drum Dried Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Spray/Drum Dried Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Sun Dried Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Sun Dried Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Freeze Dried Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Freeze Dried Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 20 LAMEA Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 21 LAMEA Unripen Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Unripen Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Ripen Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Ripen Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 26 LAMEA Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 27 LAMEA Direct Sales Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Direct Sales Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Indirect Sales Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Indirect Sales Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 32 LAMEA Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 33 LAMEA Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Beverages Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Beverages Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Retail/Household Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Retail/Household Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Banana Flour Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Banana Flour Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Banana Flour Market, 2018 - 2021, USD Million
TABLE 44 Brazil Banana Flour Market, 2022 - 2028, USD Million
TABLE 45 Brazil Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 46 Brazil Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 47 Brazil Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 48 Brazil Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 49 Brazil Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 50 Brazil Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 51 Brazil Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Brazil Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Brazil Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 54 Brazil Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 55 Argentina Banana Flour Market, 2018 - 2021, USD Million
TABLE 56 Argentina Banana Flour Market, 2022 - 2028, USD Million
TABLE 57 Argentina Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 58 Argentina Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 59 Argentina Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 60 Argentina Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 61 Argentina Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 62 Argentina Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 63 Argentina Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Argentina Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Argentina Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 66 Argentina Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 67 UAE Banana Flour Market, 2018 - 2021, USD Million
TABLE 68 UAE Banana Flour Market, 2022 - 2028, USD Million
TABLE 69 UAE Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 70 UAE Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 71 UAE Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 72 UAE Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 73 UAE Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 74 UAE Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 75 UAE Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 UAE Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 UAE Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 78 UAE Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Banana Flour Market, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Banana Flour Market, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Saudi Arabia Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 90 Saudi Arabia Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 91 South Africa Banana Flour Market, 2018 - 2021, USD Million
TABLE 92 South Africa Banana Flour Market, 2022 - 2028, USD Million
TABLE 93 South Africa Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 94 South Africa Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 95 South Africa Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 96 South Africa Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 97 South Africa Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 98 South Africa Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 99 South Africa Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 100 South Africa Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 101 South Africa Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 102 South Africa Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 103 Nigeria Banana Flour Market, 2018 - 2021, USD Million
TABLE 104 Nigeria Banana Flour Market, 2022 - 2028, USD Million
TABLE 105 Nigeria Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 106 Nigeria Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 107 Nigeria Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 108 Nigeria Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 109 Nigeria Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 110 Nigeria Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 111 Nigeria Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 112 Nigeria Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 113 Nigeria Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 114 Nigeria Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Banana Flour Market, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Banana Flour Market, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 119 Rest of LAMEA Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 120 Rest of LAMEA Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 121 Rest of LAMEA Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 122 Rest of LAMEA Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 123 Rest of LAMEA Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 124 Rest of LAMEA Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 125 Rest of LAMEA Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 126 Rest of LAMEA Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 127 key Information – Symrise AG
TABLE 128 Key information –Woodland Foods Limited
TABLE 129 key information – Saipro Biotech Private Limited
TABLE 130 Key Information – LiveKuna
TABLE 131 Key Information – Pereg Natural Foods Inc.
TABLE 132 Key Information – Seawind International, LLC
TABLE 133 Key Information – NuNaturals Ltd.
TABLE 134 Key Information – Miski Organics
TABLE 135 Key Information – Synergy Food Industries
List of Figures
FIG 1 Methodology for the research