The new report by Expert Market Research titled, ‘Global Plantain Flour Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Plantain Flour Market, assessing the market based on its segments like source, process, application, distribution channel, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.6%
Plantain flour is widely utilised in the food and beverage industry, the food and beverage category is likely to hold a considerable market share over the projection period. It produces comparable or even superior outcomes to wheat flour. Wheat flour includes gluten and cannot be used alone; it must be combined with other grain-based flours. Plantain flour, on the other hand, can be used directly. Furthermore, plantain flour promotes heart health, lowers cholesterol, and improves nerve and muscle activity. All these reasons are projected to boost demand for plantain flour in the food and beverage industry.
Plantain Flour Industry Definition and Major Segments
Plantains, a member of the banana family, are a staple cuisine in tropical locations around the world. Plantain flour is made from dried and pulverised plantain pieces. Plantains are dried naturally with a small amount of flour added to prevent stickiness. Plantain flour, made from green bananas, has fewer calories than conventional all-purpose flour, is high in resistant starch, and is high in dietary fibre, iron, carotene, and ascorbic acid (vitamin C), among other vitamins.
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On the basis of source, the market is segmented into:
- Organic
- Conventional
On the basis of process, the market is divided into:
- Sun Dried
- Oven Dried
- Others
On the basis of application, the market is categorized as:
- Food and Beverage
- Feed
- Others
On the basis of type, the market is categorized as:
- Infant food
- Confectionery
- Bakery and snacks
- Others
On the basis of distribution channel, the market is categorized as:
- Food and Beverage
- Feed
- Others
On the basis of region, the market is segmented into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Plantain Flour Market Trends
Because of increased knowledge of the health benefits of plantain flour, the plantain flour industry has grown significantly in recent years. Allergen-free, plant-based flour is ideal for people following a balanced diet or suffering from health conditions such as food allergies and sensitivities. Plantain flour, unlike wheat flour, does not contain gluten. Gluten is a protein found in wheat and barley that many people are unable to digest correctly. Plantain flour is a tasty flour for balanced diet, in addition to being easily digested. It improves heart health, lowers cholesterol, and improves nerve and muscle activity, making it appropriate for persons with diabetes and other disorders such as obesity, gallstones, coronary heart disease, and colon cancer. Plantain flour is becoming more popular among customers because of these causes.
Key Market Players
The major players in the market are Natural Evolution, Terova Inc. (NuBana), Ceres Enterprises Ltd., KADAC Pty Ltd., Woodland Foods, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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