Global Banana Flour Market 2018-2022 | Use of Banana Flour in Baking Industry to Boost Growth| Technavio
LONDON--(BUSINESS WIRE)--Oct 4, 2018--The global banana flour market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global banana flour market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is increase in production of unripe bananas. Banana production accounts for approximately 17% of the total global fruits production 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. Thus, the utilization of excess stock of unripe banana for processing into banana flour is expected to drive growth in the market during the forecast period.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the use of banana flour in baking industry as one of the key emerging trends in the global banana flour market:
Global banana flour market: Use of banana flour in baking industry
Banana flour is gaining wider acceptance from 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.
“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 the growth of the global banana flour market,” says a senior analyst at Technavio for research on food.
Global banana flour market: Segmentation analysis
This market research report segments the global banana flour market by application (beverages, animal feed, food) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of over 41%, followed by APAC and EMEA respectively. Awareness of numerous health benefits of banana flour is growing among consumers. As banana is gluten-free, it is useful for several food preparations.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE
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PUB: 10/04/2018 09:01 AM/DISC: 10/04/2018 09:01 AM