Banana Flour Market, valued at USD 911.4 Million in 2024, is projected to surpass USD 1,608.1 Million by 2033, indicating a robust CAGR of 6.7%.

Banana flour is a fine powder made from unripe green bananas, known for its high resistant starch content and nutritional benefits. It serves as a gluten-free, grain-free alternative to traditional flours, making it suitable for various dietary needs. The flour has a mild, slightly earthy flavor and enhances the texture of baked goods, sauces, and smoothies. Rich in fiber, vitamins, and minerals, it supports digestive health and helps regulate blood sugar levels.

Banana Flour Market Statistics

• The global banana flour market is valued at USD 911.4 million in 2024, with a projected CAGR of over 6.7% from 2025 to 2033
• Asia-Pacific dominates the market, generating USD 346.33 million in revenue in 2024
• North America is expected to witness strong growth, with a projected CAGR of 7.3%
• The unripe form accounts for 73% of the market share in the banana flour industry
• Spray/drum-dried processing holds 40% of the market share in 2024
• The food industry leads as an end-user, covering 69% of the market share in the banana flour sector
• A key market trend is the banana flour’s nutritional profile, including prebiotic fiber, which is beneficial for gut health

Request For a Free Sample of This Premium Research Report

Banana Flour Market Dynamics

Expanding Use in Food & Beverage Industry Fuels the Banana Flour Market Value

The growing adoption of banana flour in the food and beverage industry is significantly boosting its market value. With its high nutritional content and gluten-free properties, banana flour is increasingly used as a healthy alternative in baking, snacks, and baby food. The rising consumer preference for clean-label and plant-based ingredients further drives demand, especially in health-conscious markets. Additionally, food manufacturers are incorporating banana flour into soups, sauces, and beverages due to its thickening and binding properties. As awareness of its functional benefits and sustainability grows, the banana flour market is set to expand steadily.

Expansion in Plant-Based and Clean-Label Products Offer Significant Banana Flour Market Opportunity

The rising demand for plant-based and clean-label products is opening significant opportunities for the banana flour market. For example, in September 2023, Novozymes A/S introduced the Vertera ProBite solution to revolutionize the plant-based meat sector. This innovation enhances the texture of plant-based meat alternatives, making them more attractive to consumers hesitant to transition from traditional meat. By improving mouthfeel and overall sensory appeal, Novozymes aims to encourage a wider audience to adopt plant-based diets.

Consumers are increasingly seeking natural, minimally processed, and gluten-free alternatives, making banana flour a preferred choice in the food industry. Its versatility in bakery, snacks, and dairy-free formulations enhances its appeal among health-conscious and vegan consumers. As food manufacturers innovate to meet these preferences, the banana flour market is poised for substantial growth.

Banana Flour Market Segmentation

The global market for banana flour has been segmented into form, nature, processing, end-use, distribution channel, and region.

• Form is bifurcated into ripen, and unripen
• Nature are divided into organic, and conventional
• Processing are categorized into freeze dried, spray/drum dried, sun dried, and others
• End-use is sub-segmented into food industry, beverages, retail/household, and others
• Distribution channel is classified into direct sales, and indirect sales (supermarkets & hypermarkets, grocery stores, online retail, and others)
• The banana flour market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Banana Flour Market Regional Outlook

In terms of banana flour market analysis, Asia-Pacific dominates the market due to its extensive banana production and the traditional use of banana-based products in regional cuisines. The growing demand for gluten-free and plant-based foods further accelerates market expansion. For example, in April 2021, KRBL Limited, India’s first integrated rice company, introduced "India Gate Rice Flour" in the wholesome grain, oil, and FMCG category. This fine, smooth, and entirely gluten-free flour serves as an alternative to conventional options and is widely used in roti, bread, snacks, rice noodles, and pasta. Additionally, increasing health awareness and the rising adoption of banana flour in bakery, baby food, and functional foods continue to fuel market growth.

North America is witnessing rapid growth in the banana flour market, driven by the increasing demand for gluten-free and clean-label products. The region's booming health and wellness trend, along with rising vegan and paleo diet adoption, supports market expansion.

Banana Flour Market Players

Banana flour companies profiled in the report include Saipro Biotech Private Limited, Dr. Food Nutri Industries, Woodland Foods, APKA Industries, Seawind Foods, Miski Organics, LiveKuna, Pereg Gourmet Spices, Diana Foods, Divine Foods, and Synergy Food Industries.

Purchase This Premium Research Report Now!

Banana Flour Market Key Insights

Mr. Richard Johnson

Acumen Research and Consulting

India: +91 8983225533

E-mail: [email protected]