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Middle East and Africa to Reflect High Market Attractiveness for Banana Flour

12-14-2018 12:01 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Middle East and Africa to Reflect High Market Attractiveness

Global Banana Flour Market: Snapshot

Banana flour is a powdered ingredient generally made from green banana or plantains. It is often used as a gluten free ingredient and added in various baked goods. Flour has a moisture content of about 4%-6%. A new research report by Future Market Insights, highlights the current scenario of the banana powder market and its demand and consumption in various applications. The report is titled ‘Banana Flour Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’, and presents a brief about every aspect of the global market. According to this comprehensive research report, the global banana flour market is expected to reach a market value of US$ 730 Mn by the end of 2027. The global banana flour market is anticipated to witness a growth at a sluggish CAGR of around 3.8% during the forecast period. The betterment in the market scenario with increasing adoption of banana flour in bakery and other end uses, will encourage the manufacturers and key businesses to be more innovative.

View complete report: https://www.futuremarketinsights.com/reports/banana-flour-market

Global Banana Flour Market: Dynamics

The global banana flour market’s growth is helped by the increase in production of green bananas or cooking bananas. Banana production has grown rapidly, registering a performance of +15 percent since 2008. Though dessert bananas account for 60% of the total production, the cooking banana sector has witnessed a steady growth in terms of production, indicating a rise in the demand for green bananas. There has also been a rise in the awareness about banana flour being a gluten free product. There will be a rise in the demand for gluten-free products in countries like the U.K., Italy, U.S., Spain, Germany, Australia, Brazil, Canada, and India. In most of the countries, banana flour is being used as a gluten-free replacement for wheat flour. This rise in the consumption of gluten-free products helps drive the demand for banana flour.

Global Banana Flour Market: Segmental Analysis

On the basis of distribution channel, direct channel is expected to reflect higher contribution to the growth of the global market. The indirect channel segment is expected to register a relatively higher CAGR of 4.2% during the forecast period

Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-6155

On the basis of application, food industry leads the market with high market value. Moreover, the pet food and feed industry segment is projected to grow at a significant rate throughout the period of assessment

In terms of source, conventional segment has a much higher market size and is expected to lead the global market during the forecast period. But organic source is projected to grow at a faster pace in the years to follow

Based on region, MEA is expected to dominate the market with an estimated market value of over US$ 300 Mn by the end of 2027. Whereas North America is expected to register the highest growth rate to register a value CAGR of 6.5% during the forecast period

Global Banana Flour Market: Competitive Landscape

The research report covers details about major players in the industry. It provides the readers with a brief profile of the key players. Some of the major companies mentioned in the report are Zuvii, NuNatural Inc., Diana Foods, NOW Health Group Inc., Paradisefrucht GmbH, Kanegrade Ltd, ADM Wild Europe GmbH & Co. KG, International Agriculture Group, Stawi Foods and Fruits Limited etc.

Request for sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-6155

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

CONTACT:

Future Market Insights
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T: +1-347-918-3531
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Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com

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