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Dublin, Sept. 01, 2020 (GLOBE NEWSWIRE) -- The "Banana Flour Market Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The banana flour market is expected grow at a CAGR 4.4% during the forecast period 2020-2025.

Banana is one of the largest fruit produced, which results in its excess production. This is encouraging the flour food industry to utilize the excess stock by processing it into products such as banana flour. The purchase volume of these unripe banana flour products is increasing among consumers due to its high nutritional value.

Key Market Trends

Increasing Application in Bakery Products

Banana flour is gaining wider acceptance from bakers (including artisinal bakers) and chefs innovating with banana flour. Banana flour provides the same results as wheat flour or even better results. Flour made from wheat or corn cannot be used alone, as it needs to be blended with other grain-based flour. However, banana flour can be used directly. Banana flour is becoming a popular as a binding agent in the baking industry. Furthermore, banana flour imparts a grainy, light, and fluffy texture to baked products. Unripe bananas also provide a mild flavor and aroma of banana. All these factors have contributed to the increasing adoption of banana flour in the baking industry, therefore help in driving the market further.

Increasing Production of Banana around the World

A key factor driving the growth of the market is increase in production of unripe bananas across the geographies particularly developing economies such as India, China and Brazil. Banana production accounts and is the second largest fruit produced after citrus fruits. Owing to excess banana production, large volumes of banana are wasted annually. Therefore, the food industry is undertaking various measures to increase utilization and process excess stock into products such as banana flour, which can be further applied in preparation of various healthy food and beverage products. Thus, the utilization of excess stock of unripe banana for processing into banana flour is expected to drive growth around the globe and provide high nutrition food to the consumers.

Moreover, rising awareness of the health benefits of banana flour along with increasing popularity of Paleo diet are some of the major factors that is boosting its application in food and beverage products around the world.

Competitive Landscape

The global banana flour market is a fragmented market, with companies focusing on leveraging on online platforms for improving the visibility and reachability of their products. So therefore to attract the customer towards buying their banana floor, the companies are offering various characteristics and benefits in their products such Gluten Free, USDA Certified. Some of the key players operating in the market are KADAC Pty Ltd, NuNaturals, Natural Evolution (Europe) Limited and others.

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