Consumption of Banana Flour Rising with Growing Demand for Gluten-complimentary Food Products in Europe
New York, June 14, 2023 (WORLD NEWSWIRE) — The Europe banana flour market broadened at 4.7% CAGR from 2018 to 2022 and reached an appraisal of US$ 293.2 million in 2023. As per Persistence Market Research, sales of banana flour in Europe are predicted to grow at 6.4% CAGR and reach US$ 542.9 million by the end of 2033.
Consumption of banana flour in Europe is anticipated to reach 118,798 loads in 2023 and reach 210,789 loads by the end of 2033, increasing at a CAGR of 5.9%.
More customers are searching for development when it concerns their diet plan strategies. Banana flour has an unique taste profile and qualities when compared to basic wheat flour. This promotes cooking development and assists customers widen their baking and cooking choices.
Celiac illness is a persistent digestion disorder brought on by gliadin, a gluten protein present in wheat, rice, oats, and barley. It triggers swelling and damage to the little intestinal tract’s inner lining and can result in mineral and vitamin shortages. A gluten-free diet plan can assist with celiac illness treatment.
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With the increasing market for gluten-free items and active ingredients, the introduction of unique gluten-free flour is altering the production environment. It is expected to open dietary choices for celiac illness customers and advantage banana flour makers in Europe.
Key Takeaways from Market Study
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The European market for banana flour is anticipated to reach US$ 542.9 million by 2033-end.
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The banana flour market in France is expected to reach a volume usage of around 18,957 loads by the end of 2033.
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Based on end usage, usage of banana flour in the drink market is predicted to grow at a volume CAGR of 6.3% and hold 10.3% volume market share in 2023.
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Demand for banana flour in Italy is anticipated to represent a volume market share of 6.7% in 2023.
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Revenue created from the sales of banana flour made by the spray-dried procedure is valued at US$ 65.1 million for 2023.
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Ripened banana flour is the least made use of with its volume usage standing at 11,927 loads in 2023.
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“Banana flour manufacturers can gain significant profits by targeting bakery & confectionery producers, as well as the feed industry, due to the recent surge in the use of banana flour in pet food & feed products. As the number of people with gluten intolerance continues to rise, demand for banana flour in gluten-free foods is also increasing,” says a Persistence Market Research Analyst
Competitive Landscape
Key providers of banana flour in Europe are using sophisticated and cutting edge production strategies and concentrating on using top quality banana flour. Furthermore, makers have actually embraced cost-reliable procedures to produce banana 4 without jeopardizing on quality. Key gamers in the banana flour market are making every effort to boost their supply chain and circulation networks to more broaden their consumer base.
Top Key Players are TOOTSI IMPEX Inc., Saipro Biotech Pvt. Ltd., Symrise (Diana Food SAS), Natural Evolution, Woodland Foods, Z Natural Foods, Synergy Food Industries, Ceres Organics, TEROVA INC ( NuBana), Paradiesfrucht GmbH (Paradise Fruits), Edward & Sons Trading Co, Medikonda Nutrients, Others ( As per Additional Request)
Recent Developments
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Natural Evolution highlights safe production practices to guarantee basic item quality. The business’s items are made in a premium, food-safe plant. Natural Evolution utilizes exact techniques, milling strategies, and temperature levels to guarantee that its items are tasty and nutrient-dense.
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Saipro Biotech Private Limited focuses on screening of its items for quality control. Professionals utilize screening tools and instruments to carry out a series of confirmation treatments, right from the procurement of basic materials and reaching arranging, cleansing, blanching, crushing, cleaning, de-watering, cutting, sanitation, drying, and product packaging of great powder.
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Explore More Valuable Insights
Persistence Market Research, in its brand-new report, provides a neutral analysis of the Europe banana flour market, providing historic information for 2018 to 2022 and estimate stats for 2023 to 2033.
The research study provides engaging insights based upon nature (natural, standard), form (mature, unripened), procedure (freeze-dried procedure, spray-dried procedure, sun-dried procedure, drum-dried procedure, others), end usage (food, retail/household, drink market, family pet food & feed market), and circulation channel (business to business, business to customer), throughout Europe.
For extra insights on how the development of the Europe banana flour market will form up over the years, compose to [email protected]
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