The North America Banana Flour Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).
A significant number of consumers are also familiar with the idea of replacing dairy-based fats like egg yolks and butter with mashed bananas. It turns out that when the fruit is ground into flour, it does an excellent job of imitating common binding agents and thickeners like wheat and white flour. To simulate the spongy and sticky properties of gluten, green banana flour recipes may require the inclusion of substances like guar gum, xanthan gum, and psyllium husk, as with most alternative flour recipes. However, most green banana flour can be used to replace wheat on its own. Green banana flour can also be used in lower quantities than regular wheat flour due to its high starch content.
Moreover, most of the starch in bananas is converted to sugar after they mature. This gluten-free flour is manufactured from dried green bananas, unlike several other gluten-free flours produced from cereals. Because it has a large amount of starch, it can also be used as a bulking or thickening agent and for cooking and baking. Furthermore, banana flour is also easily accessible as it is available in various natural food stores all over the world as well as on the internet. Due to various health attributes of banana flour, its demand is constantly rising all over the world. As a result, the growth of the banana flour market is being majorly propelled owing to this factor.
The regional Food sector is one of the largest food industries across the world. According to the United States Department of Agriculture, the agriculture industry in the United States encompasses a variety of farm-related sectors in addition to farming. Foodservice and food manufacturing are the two largest sectors of the industry. Food costs account for about 12% of average household budgets in the United States. Nutrition assistance outspends all other programs in the federal government's agriculture and food programs.
In 2020, food and associated businesses provided $1.055 trillion to the US GDP, accounting for a 5.0 percent share. Farm output in the United States provided $134.7 billion to this total or about 0.6 percent of GDP. Agriculture's overall contribution to GDP is higher than 0.6 percent because agriculture-related industries rely on agricultural inputs to bring value to the economy. Food and beverage manufacturing, food and beverage retailers, food service and eating and drinking establishments, textiles, clothes, and leather items, and forestry and fisheries are all tied to agriculture. With the rising agriculture as well as food industry of the region, the production and distribution of banana flour is estimated to surge in the coming years. This factor is majorly contributing to the growth of the banana flour market in the region.
The US market dominated the North America Banana Flour Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $218.1 million by 2028. The Canada market is anticipated to grow at a CAGR of 8.4% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 7.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Banana Flour Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Banana Flour Market, 2018 - 2021, USD Million
TABLE 2 North America Banana Flour Market, 2022 - 2028, USD Million
TABLE 3 North America Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 4 North America Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 5 North America Conventional Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Organic Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Organic Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 10 North America Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 11 North America Spray/Drum Dried Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Spray/Drum Dried Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Sun Dried Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Sun Dried Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Freeze Dried Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Freeze Dried Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 20 North America Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 21 North America Unripen Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Unripen Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Ripen Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Ripen Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 26 North America Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 27 North America Direct Sales Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Direct Sales Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Indirect Sales Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Indirect Sales Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 32 North America Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 33 North America Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Beverages Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Beverages Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Retail/Household Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Retail/Household Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Banana Flour Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Banana Flour Market by Country, 2022 - 2028, USD Million
TABLE 43 US Banana Flour Market, 2018 - 2021, USD Million
TABLE 44 US Banana Flour Market, 2022 - 2028, USD Million
TABLE 45 US Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 46 US Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 47 US Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 48 US Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 49 US Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 50 US Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 51 US Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 US Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 US Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 54 US Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 55 Canada Banana Flour Market, 2018 - 2021, USD Million
TABLE 56 Canada Banana Flour Market, 2022 - 2028, USD Million
TABLE 57 Canada Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 58 Canada Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 59 Canada Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 60 Canada Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 61 Canada Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 62 Canada Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 63 Canada Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Canada Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Canada Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 66 Canada Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 67 Mexico Banana Flour Market, 2018 - 2021, USD Million
TABLE 68 Mexico Banana Flour Market, 2022 - 2028, USD Million
TABLE 69 Mexico Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 70 Mexico Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 71 Mexico Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 72 Mexico Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 73 Mexico Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 74 Mexico Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 75 Mexico Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 Mexico Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 Mexico Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 78 Mexico Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 79 Rest of North America Banana Flour Market, 2018 - 2021, USD Million
TABLE 80 Rest of North America Banana Flour Market, 2022 - 2028, USD Million
TABLE 81 Rest of North America Banana Flour Market by Nature, 2018 - 2021, USD Million
TABLE 82 Rest of North America Banana Flour Market by Nature, 2022 - 2028, USD Million
TABLE 83 Rest of North America Banana Flour Market by Processing, 2018 - 2021, USD Million
TABLE 84 Rest of North America Banana Flour Market by Processing, 2022 - 2028, USD Million
TABLE 85 Rest of North America Banana Flour Market by Form, 2018 - 2021, USD Million
TABLE 86 Rest of North America Banana Flour Market by Form, 2022 - 2028, USD Million
TABLE 87 Rest of North America Banana Flour Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Rest of North America Banana Flour Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Rest of North America Banana Flour Market by End-use, 2018 - 2021, USD Million
TABLE 90 Rest of North America Banana Flour Market by End-use, 2022 - 2028, USD Million
TABLE 91 key Information – Symrise AG
TABLE 92 Key information –Woodland Foods Limited
TABLE 93 key information – Saipro Biotech Private Limited
TABLE 94 Key Information – LiveKuna
TABLE 95 Key Information – Pereg Natural Foods Inc.
TABLE 96 Key Information – Seawind International, LLC
TABLE 97 Key Information – NuNaturals Ltd.
TABLE 98 Key Information – Miski Organics
TABLE 99 Key Information – Synergy Food Industries
List of Figures
FIG 1 Methodology for the research