Banana Flour Market Share Analysis and Forecast 2034
Global Banana Flour Market Growth, Size, Trends Analysis - By Nature, By Processing, By Form, By End-User, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Aug-2025 | Report ID: FOOD25104 | Pages: 1 - 222 | Formats*: |
| Category : Food & Beverages | |||
Global Banana Flour Market Introduction and Overview
According to SPER Market Research, the Global Banana Flour Market is estimated to reach USD 1951.01 million by 2034 with a CAGR of 7.05%.
The report includes an in-depth analysis of the Global Banana Flour Market, including market size and trends, Interface mix, Applications, and supplier analysis. The global banana flour market size was estimated at USD 987.17 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.05% from 2025 to 2034. The global banana flour market is witnessing steady growth due to increasing demand for gluten-free, natural, and functional food ingredients. Derived from unripe green bananas, banana flour is rich in resistant starch, dietary fiber, and essential nutrients, making it a popular choice among health-conscious consumers. It is widely used in bakery products, snacks, baby foods, and dietary supplements. The rise of plant-based and clean-label food trends, along with the growing vegan and paleo communities, is further boosting its market presence. Additionally, the use of surplus bananas for flour production supports sustainability, making banana flour both an eco-friendly and health-driven alternative.
By Nature Insights
The demand for organic products has increased significantly as people' preferences for clean eating have grown. Customers seeking products free of chemicals and pesticides are increasingly choosing banana flour made with organic ingredients. In order to assess the quality of the bananas used to make the flour, banana flour producers are also working closely with farmers or suppliers. Since banana plants and fruits are known for their health advantages and are a good source of fibre, resistant starch, vitamin A, vitamin B6, vitamin C, and potassium, there is a growing demand for banana flour worldwide. With higher levels of minerals, dietary fibres, total phenolic, and antioxidant activity, banana flour made from unpeeled bananas has a higher nutritious value.
By Processing Insights
In 2024, the market was dominated by the spray drying segment. Spray drying creates dried particles by spraying the feeding flow of the particulate fluids into heated air. The quickest drying speed is achieved with this procedure. The ability of the spray drying process to yield a dependable, consistent product with exact quality criteria has led to its adoption as a powder production method. It offers both shelf stability and convenience of use in products like household-ready drinks or can be used in any product that needs fruit solids, such as yoghurts, desserts, baby formulas, medications, etc.
By Regional Insights
Asia Pacific is also one of the most populated regions with the biggest customer base for food and drink. In the Asia-Pacific region, bananas are a traditional fruit, but in the last ten years, the trend has been shifting due to the growing significance and health advantages of banana flour. Because bananas are becoming a healthier alternative to processed and raw foods, banana producers in the area are more likely to produce banana goods. Another issue that customers worldwide, including those in Asia, are becoming more concerned about is gluten sensitivity. A staple of the world's diet, wheat and meals made from it are frequently linked to gluten.
Market Competitive Landscape
The global banana flour market features a moderately competitive landscape with the presence of both established and emerging players. Key companies focus on product innovation, clean-label offerings, and expanding their global footprint through strategic partnerships and distribution channels. Some of the prominent players are APKA Industries, Diana Foods, Divine Foods, Dr. Food Banatone, LiveKuna, Miski Organics, Pereg Gourmet Spices, Saipro Biotech Private Limited, Seawind Foods, Woodland Foods.
Recent Developments:
In October 2023, One of India's leading bakeries, Cake Bee, and the ICAR-National Research Centre for Banana (NRCB) in Trichy have inked a memorandum of understanding (MoU). A low-cost, novel technique called foam mat drying, created by the ICAR, may be a good substitute for producing affordable banana powders from ripe or market-rejected bananas.
In Nov 2023, A new ingredient containing a significant amount of prebiotic dietary fiber-resistant starch was being developed by the International Agriculture Group (IAG), a start-up ingredient technology company. At least 65 percent of NuBana N200 Green Banana Flour has RS2 resistant starch, which has been shown to offer a variety of health benefits based on daily consumption.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Nature, By Processing, By Form, By End-User, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | APKA Industries, Diana Foods, Divine Foods, Dr. Food Banatone, LiveKuna, Miski Organics, Pereg Gourmet Spices, Saipro Biotech Private Limited, Seawind Foods, Woodland Foods. |
Key Topics Covered in the Report
- Global Banana Flour Market Size (FY’2021-FY’2034)
- Overview of Global Banana Flour Market
- Segmentation of Global Banana Flour Market by Nature (Organic& Conventional)
- Segmentation of Global Banana Flour Market by Processing (Freeze Dried, Spray/Drum Dried, Sun Dried, Others)
- Segmentation of Global Banana Flour Market by Form (Ripen & Unripen)
- Segmentation of Global Banana Flour Market by End-User (Food Industry, Beverages, Retail/Household, Others.)
- Segmentation of Global Banana Flour Market by Distribution Channel (Direct Sales & Indirect Sales)
- Statistical Snap of Global Banana Flour Market
- Expansion Analysis of Global Banana Flour Market
- Problems and Obstacles in Global Banana Flour Market
- Competitive Landscape in the Global Banana Flour Market
- Details on Current Investment in Global Banana Flour Market
- Competitive Analysis of Global Banana Flour Market
- Prominent Players in the Global Banana Flour Market
- SWOT Analysis of Global Banana Flour Market
- Global Banana Flour Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Banana Flour Market Manufacturing Base Distribution, Sales Area, Interface Type6.2.Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Banana Flour Market
7.Global Banana Flour Market, By Nature 2021-2034 (USD Million)
7.1.Organic7.2.Conventional
8.Global Banana Flour Market, By Processing 2021-2034 (USD Million)
8.1.Freeze Dried8.2.Spray/Drum Dried8.3.Sun Dried8.4.Others
9.Global Banana Flour Market, By Form 2021-2034 (USD Million)
9.1.Ripen9.2.Unripen
10.Global Banana Flour Market, By End User 2021-2034 (USD Million)
10.1.Food Industry10.2.Beverages10.3.Retail/Household10.4.Others
11.Global Banana Flour Market, By Distribution Channel 2021-2034 (USD Million)
11.1.Direct Sales11.2.Indirect Sales
11.2.1.Supermarkets & Hypermarkets11.2.2.Grocery Stores11.2.3.Online Retail
11.2.4.Others
12.Global Banana Flour Market, 2021-2034 (USD Million)
12.1.Global Banana Flour Market, size and Market Share
13.Global Banana Flour Market, By Region, 2021-2034 (USD Million)
13.1.Asia-Pacific
13.1.1.Australia13.1.2.China13.1.3.India13.1.4.Japan13.1.5.South Korea13.1.6.Rest of Asia-Pacific
13.2.Europe
13.2.1.France13.2.2.Germany13.2.3.Italy13.2.4.Spain13.2.5.United Kingdom13.2.6.Rest of Europe
13.3.Middle East and Africa
13.3.1.Kingdom of Saudi Arabia13.3.2.United Arab Emirates13.3.3.Qatar13.3.4.South Africa13.3.5.Egypt13.3.6.Morocco13.3.7.Nigeria13.3.8.Rest of Middle-East and Africa
13.4.North America
13.4.1.Canada13.4.2.Mexico13.4.3.United States
13.5.Latin America
13.5.1.Argentina13.5.2.Brazil13.5.3.Rest of Latin America
14.Company Profile
14.1.APKA Industries
14.1.1.Company details14.1.2.Financial outlook14.1.3.Interface summary14.1.4.Recent developments
14.2.Diana Foods
14.2.1.Company details14.2.2.Financial outlook14.2.3.Interface summary14.2.4.Recent developments
14.3.Divine Foods
14.3.1.Company details14.3.2.Financial outlook14.3.3.Interface summary14.3.4.Recent developments
14.4.Dr. Food Banatone
14.4.1.Company details14.4.2.Financial outlook14.4.3.Interface summary14.4.4.Recent developments
14.5.LiveKuna
14.5.1.Company details14.5.2.Financial outlook14.5.3.Interface summary14.5.4.Recent developments
14.6.Miski Organics
14.6.1.Company details14.6.2.Financial outlook14.6.3.Interface summary14.6.4.Recent developments
14.7.Pereg Gourmet Spices
14.7.1.Company details14.7.2.Financial outlook14.7.3.Interface summary14.7.4.Recent developments
14.8.Saipro Biotech Private Limited
14.8.1.Company details14.8.2.Financial outlook14.8.3.Interface summary14.8.4.Recent developments
14.9.Seawind Foods
14.9.1.Company details14.9.2.Financial outlook14.9.3.Interface summary14.9.4.Recent developments
14.10.Woodland Foods
14.10.1.Company details14.10.2.Financial outlook14.10.3.Interface summary14.10.4.Recent developments
14.11.Others
15.Conclusion
16.List of Abbreviations
17.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Banana Flour Market is projected to reach USD 1951.01 million by 2034, growing at a CAGR of 7.05% during the forecast period.
Banana Flour Market size from 2025. The Market is expected to reach USD 1951.01 million by 2034, at a CAGR of 7.05% during the forecast period.
Banana Flour Market CAGR of 7.05% during the forecast period.
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Banana Flour Market size is USD 1951.01 million from 2025 to 2034.
Banana Flour Market covered By Nature, By Processing, By Form, By End-User, By Distribution Channel
The North America is anticipated to have the highest Market share in the Banana Flour Market.
APKA Industries, Diana Foods, Divine Foods, Dr. Food Banatone, LiveKuna, Miski Organics, Pereg Gourmet Spices, Saipro Biotech Private Limited, Seawind Foods, Woodland Foods.
The report includes an in-depth analysis of the Global Banana Flour Market, including market size and trends, Interface mix, Applications, and supplier analysis.
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